Hello and thank you for your question.
I give you broker references below, but first here is some background
about timeshare resales, in general and specific to the Hilton
properties.
You should get to know the Timeshare Users' Group (TUG)
http://www.tug2.net
From their "Advice" page,
http://www.tug2.net/tugadvic.shtml
TUG - Cold Hard Facts about Selling Your Timeshare
http://www.tug2.net/advice/ts-sales.html
"Timeshare resale brokers (deal only with licensed real estate
brokers, there are over 20 currently advertising in our Business Ads
section ) can also get you more exposure but you must pay for it. They
will charge either an up front fee and/or a commission on the sale.
Remember, you are paying for the extra exposure and their services, if
you are ask to pay an upfront fee get a written listing of the actual
service they are providing for that fee. We recommend that if you are
dealing with a timeshare broker that you do it on a commission only
basis. That way they will get paid from the proceeds of the sale, just
like every other real estate broker. Remember pricing is the only
thing you can control, if you do not price your unit right ... no one
will ever be able to sell it for you. One of the reasons some brokers
charge an up front fee is too many owners want to list their units at
prices higher than the market and they will never sell. Maybe, the
broker should tell them it will not sell at that price and have their
listings refused instead. No one wants to hear the real truth. So
instead, they will go on for months and even years of not selling
their properties, until finally they start asking for a realistic fair
market price."
There's a wealth of knowledge in the TUG Bulletin Boards. You'll need
to be a member to use the 'search' function or to ask questions of
your own--it's well worth the $15 fee to join.
http://www.tug2.net/tug-pr.html
Meanwhile, if you'll go to
http://www.tug1.net/cgi-bin/Ultimate.cgi/
leave the boxes empty and click the 'I Agree' box to accept the
conditions of use, you'll be able to browse the TUG Bulletin Boards
via the pulldown list that appears.
Note especially that HGVC maintains a right of first refusal (ROFR),
which means that once you do find a buyer, before Hilton will approve
the transfer, they will consider whether they would like to purchase
the unit for themselves (thereby replenishing the inventory that they
can resell at the full developer price); this can be discouraging to
an informed buyer, knowing that the buyer's time and effort in
negotiating a sale with you may all be for nothing if Hilton exercises
its ROFR. Also, Hilton is about to raise its transfer fee to $299
http://www.tug1.net/tugbbs1/Forum1/HTML/005685.html
In searching for the leading brokers, I limited myself to brokers who
do not charge an upfront fee, and I made sure they have handled the
Hilton properties in the past. I have not contacted them directly,
and you'll see that most of them do not disclose their commission
pricing in their public material.
RE/MAX Timeshare Resale Co.--Ebay Store
"RE/MAX Properties S.W. Inc, Timeshare Resale Division, We offer
buyers an opportunity to own Prime Timeshare Resales at 25% to 35%
savings over developer inventory. NO UPFRONT FEES TO THE SELLER AND
CLEAR TITLES TO THE BUYER"
http://www.stores.ebay.com/remaxtimeshareresaledivision
Florida Timeshare Company
http://www.floridatimesharecompany.com/ListingAgreement.asp
"Absolutely NO upfront fees (i.e. appraisal, listing fees,
advertising, marketing analysis, etc.)
This is a non-exclusive listing agreement. However, if you or another
agency sells your property, it is your responsibility to contact
Florida Timeshare Company in writing.
Sales will be handled by Florida Timeshare Company, a Florida licensed Real
Estate Broker. A Title Company or Attorney will hold closings.
Our commission is a flat fee of $1,200 for each timeshare week we
sell. The commission is added to the price you establish you would
like to receive (net asking price) once the property has sold. We do
not guarantee your timeshare will sell. Due to an extremely
competitive market, the majority of timeshares listed that actually
sell are priced equal to or less than $6,000 (including the $1,200
commission). As a rule of thumb, timeshares usually sell for about one
half of the original purchase price paid at the resort. Motivated
sellers will price them even lower."
The Timeshare Store
http://timesharesale.com/sellers.htm
"We are a transaction broker, registered in the State of Florida,
working strictly on commission. Once you have decided how much you
want to receive for your timeshare, we add our commission to your
price. We then spend OUR advertising dollars to find a buyer for your
property. We will continue to do so until the property is sold as
agreed upon."
"Thinking of selling or renting your Hilton Grand Vacations Club at
SeaWorld International Center timeshare property? We provide the best
and most comprehensive listings for Timeshare resales and rentals.
This page is dedicated exclusively to Hilton Grand Vacations Club at
SeaWorld International Center. Are you aware that there are literally
thousands of perspective individuals interesting in renting or buying
your Hilton Grand Vacations Club at SeaWorld International Center
timeshare unit. We provide Timeshare Owners their own network to
connect with individuals looking to rent or buy Hilton Grand Vacations
Club at SeaWorld International Center Timeshare properties"
My Resort Network
http://www.myresortnetwork.com/Resort/forSale.asp?ResortID=0370
Orlando Timeshare Resales
http://www.orlandotimeshareresales.com/html/selling_timeshare_through_vaca.html
And to give you an idea of market value, here are a couple of resale
offers for Sea World Timeshares; you should also search the Ebay
listings to see how the market runs.
http://search.ebay.com/search/search.dll?cgiurl=http%3A%2F%2Fcgi.ebay.com%2Fws%2F&krd=1&from=R8&MfcISAPICommand=GetResult&ht=1&SortProperty=MetaEndSort&query=hilton+timeshare+points
Here's an intersting auction from ReMax that's running this month:
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=2361997660&category=15897
And here are some other current broker listings:
Asking $9,500 for 5,000 point HGVC Seaworld
http://www.triwest-timeshare.com/bluebook/mlslistings.asp?resortid=32821HI
Asking $8,600 for 5,000 points
http://www.timeshareresalesusa.com/saleabc.php
After you spend some time on TUG and get actual commission figures
from these brokers, you should consider whether the service they
provide is worth the price. Personally I have a strong preference for
Ebay, for both sellers and buyers. It should not be difficult for you
to put together a reasonably informative Ebay listing--and here you're
helped that HGVC and 5,000 points are both known quantities in the
marketplace. If you want an immediate sale and no broker commission,
you could set a modest reserve--maybe $4,000, run your listing for 7
or 14 days, and take what the market will bring.
Search terms used:
TUG resale
HGVC resale
Orlando timeshare sales
Good luck and thanks again for letting us help.
If you find any of the above unclear, please request clarification. I
would appreciate it if you would hold off on rating my answer until I
have a chance to reply.
Sincerely,
Google Answers Researcher
Richard-ga |
