The Ultimate Vacation Ownership Sellers Guide

[Pages:25]The Ultimate Vacation Ownership Seller's Guide

The Resort Marketplace 1-800-610-2734

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Table of Contents

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Introduction

4

About The Resale Industry

6

Avoiding Misleading Companies

7

Rule of Thumb

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Posting Your Timeshare With Timeshares Only

9

Getting Started

10-12

Timeshare Calendars 2020-2022

13

Fixed Week? Floating? Flex? Points?

14

Usage Type

15

Creating Your Advertisement

17

Renting Your Timeshare

18

About TO GO

19

Getting an Offer and the Closing Process

21

Other Responsible Ways to Unload Your Timeshare

22

Congratulations!

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Glossary

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Introduction So, you're considering selling your timeshare.

It hasn't been used as often as you thought it would, the maintenance fees are getting too high, or a change in lifestyle is simply keeping you from enjoying your once beloved vacation ownership. It can be a difficult decision to come to, but luckily, there are options for unloading your timeshare on the resale market.

This guide will take you step-by-step through where to start, what to avoid, and how to get your timeshare sold with ease. There are so many resale companies out there, as well as lawyers or businesses that they will cancel your ownership. Without the right knowledge and resources, it can be hard to know who to trust.

We'll take you through everything you need to know from the beginning, to finding the right buyer to your

ownership and what to expect during the closing process. We've also included a convenient glossary at the end with all the industry terms you'll need to familiarize with to understand the entire process.

Although this guide was designed to be printer friendly, it also includes links you can click to access additional information if you are viewing it on a computer.

Should you have any questions not covered in this guide, you can contact a knowledgeable timeshare consultant by calling 1-800-213-7733. Our qualified consultants are ready to answer any questions you may have about timeshare ownership.

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About the Resale Industry

For many people, it can come as a surprise that there is a resale market for timeshares. As many as 83% of timeshare owners are satisfied with their purchase decision, gladly taking vacations at beautiful resorts year after year. Even over the past several years, the timeshare industry has shifted to a more consumer-centric model, focusing on the trends of popular travel habits. Points-based systems, vacation trade exchange companies and brands expanding worldwide makes timeshare a valuable travel asset.

However, there are people just like you that are looking for a way to get out of their ownership. Sometimes a change of pace is necessary and it's just not worth the annual fees or expenses anymore. The timeshare model is based on a lifetime of vacationing, locking in owners for as much as 50 years. Is it even possible to get out of a timeshare?

The first sales representatives of timeshare did not look ahead to a resale or rental market. So when resorts were getting calls from owners asking about ways to get out of their timeshares, a resale market was informally formed. With the

arrival of the internet and access to information, more people were looking for relief from their ownership while scam artists came up with ways to prey upon these vulnerable owners.

Luckily, the formation of the American Resort Development Association (ARDA) by pioneers of the timeshare industry made a huge impact in the resale industry. Originally known as ALDA (The American Land Development Association), the group established a legislative framework to protect consumers while legitimate developers could prosper. Every member of ARDA must follow a strict Code of Ethics to serve as an official industry statement on ethical sales practices.

Timeshares Only is one in a handful of trusted members recognized by ARDA, which proves our ethical practices and experience in the resale market. Before buying, selling or renting a timeshare (resale or not), do you research first! If it is a company or brand recognized by ARDA, take that as the green light of trust so you don't get mistakenly caught up in a scam.

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Luckily, the formation of the American Resort Development Association (ARDA) by pioneers of the timeshare industry made a huge impact in the resale industry. Originally known as ALDA (The American Land Development Association), the group established a legislative framework to protect consumers while legitimate developers could prosper. Every member of ARDA must follow a strict Code of Ethics. Members of ARDA serve as an official industry statement, adhering to ethical sales practices.

Timeshares Only is one in a handful of trusted members recognized by ARDA, which proves our ethical practices and experience in the resale market. Before buying, selling or renting a timeshare (resale or not), do your research first! If it is a company or brand recognized by ARDA, take that as the green light of trust so you don't get mistakenly caught up in a scam.

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Avoiding Misleading Companies

Because of the resale industry's impromptu beginnings, it opened the door to fraudsters and scam artists out there. Media publicity hasn't helped the reputation, with known celebrities making their own claim in the resale business. While there is a great selection of trusted industry professionals that only want to help owners looking for a way out, there are untrustworthy people out there that don't have an owners best interests in mind.

1. Unsolicited Phone Calls

A legitimate timeshare resale company will never reach out to you unsolicited. Unless you have given permission for a company to reach out to you, it is illegal for a resale company to contact you without notice.

2. Fake Employees of Legitimate Companies

With technology advancements, callers ID has been a great way for people to know before answering who they are talking to. However, some scam artists have found a way to change their caller ID to a trusted company (like Timeshares Only). If your gut is unsure about the person calling you, hang up and contact us directly at 1-800-213-7733.

3. "Exit" or "Cancellation" Guarantees

This is simply a false promise. Many timeshares come with a deeded ownership of real property, with a signed contract and all. It is a valid purchase recorded with the county and cannot be simply "canceled" after the initial window passes. If you are approached by someone telling you that they can cancel or help you exit your timeshare ownership, be wary of any fees they ask for. Never pay thousands of dollars upfront and ALWAYS read the fine print!

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Rule of Thumb Warning signs of scam artists or frauds that you cannot miss!

Warning Sign #1

Warning Sign #2

Warning Sign #3

You should never be called unsolicited by a timeshare resale company. It is illegal.

Never pay any up-front fees to sell or unload your timeshare.

Do not stop paying your maintenance fees or annual dues if a company advises you to. This only hurts you and your credit.

Helpful Tips: The internet is a great asset to do your research and also contact ARDA if you are unsure about a resale company or individual.

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Posting Your Timeshare With Timeshares Only

Trusted and recognized by ARDA, Timeshares Only adheres to a strict Code of Ethics to bring the highest standards to the timeshare resale industry.

As a timeshare advertising agency, our qualified consultants will guide you through our process and answer any questions you have by phone. We will collect information about your property to create an eye-catching, professional advertisement that will be marketed to a world of buyers looking to begin their own vacation ownership journey. The asking price and offer to accept is all up to you.

Once your advertisement is posted on our vast online marketplace, you can also enroll with TO GO, our exclusive membership for timeshare sellers. With TO GO, members can trade timeshare weeks or points for cash or TG Credits (which never expire!).

You'll also receive guaranteed lowest rates on resort weeks, hotels, cruises, tour packages and many other travel services.

Your timeshare can be made available to rent, which is a great option to put money back in your pocket or cover those annual fees. Plus, many timeshare owners rent before they purchase. Allowing rentals could even result in the right buyer.

When getting an offer, we can refer you to a recommended licensed real estate agent to facilitate the closing process. Our partner, Fidelity Real Estate, is a fullservice licensed real estate brokerage that specializes in assisting buyers and sellers interested in timeshare resales. A Fidelity Resale agent can walk you through the rest of the closing process if you choose, or you can handle the sale process on your own.

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