Timeshare Seller Frequently Asked Questions
Do you have a Marriott’s Grande Vista timeshare you need to sell? Our timeshare resale specialists can walk you through how to sell your timeshare. To get you started, we’ve listed some of the most frequently asked questions about how to sell your timeshare property. We can also help you rent out your unit if you’re unable to use it this year.
If you have additional questions, don’t hesitate to call us at 1-855-793-8210 to speak with one of our timeshare resale experts.
Timeshare Seller Questions
If I originally purchased through a resort, can I resell my timeshare?
Yes! You are entitled to resell your timeshare whether you bought it directly from a developer or through timeshare resale sources. Timeshare owners are often turned away or placed on a long waitlist when they try to resell through the resort. Selling timeshare on the resale market is often easier and faster.
I lost my deed, can I still resell my timeshare?
Yes, you can still sell your timeshare if you lost your deed. Your title company can order a new deed on your behalf through the resort or appropriate party. GrandeVistaOrlando.com can help obtain a copy of your deed so that you can move forward with the sale process.
What does Right of First Refusal (ROFR) mean?
The Right of First Refusal condition is included in most timeshare sales contracts. This means the resort at which your timeshare is located has the right to buy back your timeshare at the current sales price when you resell it. Even if you’ve come to an agreement with a buyer, the resort can purchase your timeshare for the agreed amount.
When you are ready to resell your timeshare, your timeshare seller or resale company will contact the resort to notify them. If the resort wants to buy your timeshare, your timeshare closing company will contact the resort for you and complete the deal. Resorts rarely buy back a timeshare; therefore, if the resort waives its ROFR, you can move forward with the original sale.
Can I sell my timeshare if it’s still under financing?
Yes, you can resell your timeshare although it is under financing. You can include the cost of the mortgage in the sale price so the remaining balance is paid off. If you’re looking to get rid of a timeshare with a current mortgage, resale may be your only option.
Do I have to hire a real estate broker to resell timeshare?
You are not required to hire a real estate broker when selling your timeshare because it is not a traditional piece of real estate. Typically, you won’t have to pay commission for brokerage, since you can simply find a buyer yourself. GrandeVistaOrlando.com can list your timeshare on our website to help you find a buyer. Our timeshare specialists are also available to assist you throughout the resale process.
If you do prefer to use a brokerage company, we can refer you to our reputable affiliate, Timeshare Broker Services. A brokerage company will advertise your timeshare resale in front of the appropriate audience so you can sell it quickly.
Do I need an appraisal to sell my timeshare?
You do not need an appraisal to resell your timeshare. You may hear of less reputable companies who require appraisals when selling your timeshare. GrandeVistaOrlando.com can help you calculate what your Grande Vista timeshare is worth for free and with no selling obligation.
Do I have to hire a lawyer to complete my timeshare closing?
Although you do not need a lawyer to handle the timeshare closing, GrandeVistaOrlando.com does recommend hiring a licensed and bonded title company. A title company will handle deed preparation, escrow of funds, timeshare estoppel certificate, closing statements, and recording fees. When using a reliable timeshare closing service, you usually pay one low flat rate. Title companies also have all work reviewed by a licensed attorney to guarantee its accuracy. To learn more or to find a recommended closing company, call us at 1-855-793-8210.
What happens to my banked time when I sell my timeshare?
When you deposit your timeshare week or points with an affiliated exchange company, it is no longer affiliated with the resort. Therefore, when you sell your resort timeshare, your banked time is not affected. You can choose to use your banked time or add it to your sale as an extra incentive for buyers.
How long will it take to resell my timeshare?
There are many variables that will affect the resale of your timeshare, so there is no way to predict how long it will take to resell it. Factors like location, resort quality, flexibility of usage, season, demand, and price will all influence how long it will take to resell your timeshare. We advise that you price your timeshare competitively and adjust the cost regularly if necessary in order to sell your timeshare efficiently.
Questions About Renting Out Your Timeshare
Can I rent out my timeshare?
Yes, you can rent out your timeshare as long as you are the legal owner of that timeshare.
Can I only rent out my timeshare if it is a deeded property?
No, as a timeshare owner, you can rent out your timeshare whether it is deeded, right-to-use, vacation club membership, or timeshare points—as long as your ownership/membership contract does not contain any specific restrictions prohibiting you from renting out your timeshare.
Should I rent out my timeshare?
If you are unable to use your timeshare week or vacation club points this year, you can rent it out and still make the most of your vacation ownership. When you rent out your timeshare unit, the rental income you receive can help you pay your maintenance fees and not let your time go wasted.
How should I price my timeshare rental?
We recommend that you price your timeshare rental primarily on supply and demand. Our timeshare resale experts can help you figure out how much your rental unit is worth by comparing it to other similar units on the market. Pricing your timeshare rental accurately is essential to renting it out quickly.
Can I rent out a week I have received in exchange?
No, you can only rent out a timeshare for which you own the deed or certificate. If, for example, you lease a week or points you’ve received through an exchange company like RCI or Interval International, you will be banned from future exchanges through these companies.
How do I rent out my timeshare?
Renting out your timeshare is easy and stress-free when you use GrandeVistaOrlando.com’s services. Just follow the few steps below:
- When you’re ready to rent out your timeshare, contact your resort to determine if the renter’s requested dates are available.
- After you’ve confirmed the dates, send the renter the rental agreement (we will provide this) and request a deposit from the renter (people typically request 50% of agreed rental price, and payment is usually via money order, certified check, or PayPal.com).
- Once you secure the deposit and the rental agreement form is completed, contact the resort for a confirmation number or guest passes for your renters.
- Obtain the final deposit from your renter in exchange for the confirmation number or guest passes.
How can I be sure the renter will pay the rental fee?
When you rent out your timeshare, you and the renter will sign a rental agreement prior to the agreed period of timeshare rental. The timeshare rental agreement protects both you and the renter. The terms of your agreement state that the renter will pay for the timeshare rental in full. You as the owner will contact the timeshare resort to notify them that the renter will be staying during the specified rental period, and will obtain either a confirmation number or guest passes for the renter. It is important that both you and the renter have copies of the agreement. The agreement will ensure that you receive payment for the use of the timeshare and that the renter has a timeshare reserved in his or her name.