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Timeshare Offer and Acceptance

Our licensed real estate agent will call the seller with all buyers’ offers regardless of the offer amount.  At that point the seller can either accept the offer or counter offer to the buyer. Once an agreed upon sales price has been determined we will send out contracts to the seller then the buyer for signatures.  The seller will also determine the closing company and notate their choice on the contract.

 

Timeshare Estoppel Request and Verification

Our contract department will send an timeshare estoppel request that includes verification of ownership directly to the resort management for the timeshare week in question.  The estoppel includes all pertinent ownership information along with verification of status of maintenance fees and taxes.  Once the unit has been verified our contract agents will cross reference this with the contract to find any discrepancies.

 

Timeshare First Right of Refusal

Very few timeshare resorts have First Right of Refusal in their condo documents.  This means when you have a buyer and a valid contract you must obtain a waiver from your timeshare resort in order to sell.  Your resort would have the option of acquiring your week at the contracted price if they feel the week was being sold for a price that was unacceptable.  This process is taken care of when the Estoppel Request is sent to the timeshare resort.

 

Timeshare Closing Company

The closing company that was selected by the seller now performs a title search and prepares the new deed.  They will send out closing statements to both buyer and seller for review and signatures.  The buyer will send into the closing company funds for the transaction that will be held in an Escrow account.  Once all paperwork is acknowledge and received by the closing company they will disburse funds.

 

Timeshare Final Verification

Our contract department will go one step further than any other timeshare resale company.  We will make sure that the buyer has been documented as the new owner of the resort and any back maintenance fees or taxes has been satisfied by the closing company.

 

 

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