Seller Frequently Asked Questions
How much is my timeshare worth in today’s market?
In order to realize the sale of your timeshare, it is important to know that although Pacific Shores Resort & Spa is one of the finest of home resorts, Buyers who have not yet visited the resort are shopping around for the best prices for the product they want. They are usually astute surfers of the internet and will consult many sources including family and friends, to find the timeshare resale that best fits their vacation planning goals.
Once they realize that they can purchase from the resale market, Buyers will seriously consider all available listings, but they will usually go for the best deal that comes as close to what they want as possible. Consequently, to be attractive, resales should be priced at approximately 50 to 60% of new value.
In some cases when there are many timeshares that are basically the same product, i.e., the same time of year or the same Points value, Buyers will choose the best price or the one with the most banked time and most reasonable price. By the same token, if there is a scarcity of a particular product, Sellers can expect a best price.
What will you do to help sell our timeshare?
I have had five years of experience in listing and selling Pacific Shores Resort & Spa timeshare resales. Services offered in order to promote the sale of your timeshare include the following:
- collect documents as required for strata act from Pacific Shores
- liaise with Pacific Shores Resort and Spa as needed
- review all documents for accuracy with brokerage
- advertise in the local real estate guide and newspapers
- post your timeshare on the internet
- inform those on my contact list of potential buyers
- prepare feature sheets as needed
- tour Pacific Shores with prospective buyers
- present all offers and negotiate for you as the Seller
- assist in removal of conditions, offer and completion process
- provide periodic market updates
What will it cost to sell our timeshare?
While there is no upfront fee to cover the expenses incurred for advertising, hired help, phone, fax and time involved in dealing with timeshare matters, a flat Fee for Service of $1,500.00 (CAD) plus G.S.T. will be deducted upon closing for each sale price of $15,000.00 or less. Should the sale price of the timeshare be more than $15,000.00, a 10% Fee for Service plus G.S.T. will be deducted upon closing.
Buyers generally pay the legal fees to transfer title as well as RCI transfer fees to obtain the Sellers’ banked weeks or points. Sellers may also be responsible to cover the costs for legal fees to clear title, close out their home resort account, including any outstanding maintenance fees owing to the resort, RCI and/or repayment of any outstanding loans registered against their timeshare.
Listing My Timeshare for Resale
Should you wish to sell your timeshare, I would be pleased to take a look at it to see if it would be saleable in this market. Please use the form below in order to describe your timeshare. When Buyers ask, it is important that we have current and accurate information about your timeshare on file. Also, we may need to contact you on short notice—Buyers are often looking to purchase in their spare time which could be on weekends and holidays! If you are going to be away for an extended period of time, please send along an email with a note to that effect and any alternate phone number or email address if available.
» Click here to download the form
Please return the Timeshare Owner Information Sheet by email, regular mail or fax. I will then review what you own and contact you with a few business days. If we agree that this is the right venue to market your timeshare, then I will need a copy of the documents listed on the Checklist in order to set up a file and prepare a listing agreement for your review and signature.
