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Timeshare Resale Anatomy

The Anatomy of a Timeshare Resale At Premier Timeshare Resale with RE/MAX Associates, we take our Real Estate responsibilities to buyer and seller seriously. Although the process can vary for properties that use points or certificates instead of deeds, we outline some of the key steps of buying, selling, and transferring the ownership of most timeshares. What to Expect When You Buy or Sell a Timeshare AN OFFER IS MADE by a potential buyer. Our licensed agents assist and support the buyer in choosing the right price and amenities for their timeshare needs. TIMESHARE SELLER ACCEPTS the offer, fairly negotiated by PTR agents and clients. Buyer deposits an Earnest Money payment. PURCHASE AGREEMENTS ARE SIGNED by both parties. This step can take anywhere from a few hours to several days. Although agreements have been thoroughly reviewed by legal professionals, occasionally a party will want a personal attorney to look at the contractual language. SIGNED & ACCEPTED AGREEMENTS ARE SENT TO ESCROW with a licensed title company who orders an estoppel, researches and verifies the property description and deed, and if required right of first refusal is submitted to the resort. Once waived, the escrow officer prepares a new deed, and issues these documents to both parties for verification and signature. The full funds due are usually submitted to the title company at this time. A NEW DEED IS RECORDED with the county in which the property is located in the buyer's name. The length of this process varies from state to state, with island and international timeshares taking longer than others. Once a new deed is recorded, a copy is sent the the resort with a transfer request. TIMESHARE MEMBERSHIP IS TRANSFERRED with the resort, so that the seller's account is absolved and the buyer can access the unit and privileges of its ownership freely. This is when the seller receives payment, and the resale company receives commission payment. Where Can You Go to Ensure the Smoothest Timeshare Sale from Start to Finish? Premier Timeshare Resale If this sounds complicated, that's because it sometimes can be! The speed and length of finalizing the timeshare sale depends heavily on the pace of both buyer and seller, the resort resale departments, and the location of the property. If you're in a hurry, or want to use a booked week before your sale is finalized, Premier Timeshare Resale with RE/ MAX Associates can work with you to ensure that your travel plans succeed. %24

Timeshare Resale Anatomy

shared by premiertimeshar... on Mar 18
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Deeded timeshares are considered real property or real estate in most states. However, there are also trusts, clubs, and memberships of all kinds out there. Closing a deeded timeshare sale is similar...

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