Resale Checklist

Even though it’s a vacation-use product, selling a timeshare usually involves the same steps involved in selling real estate, such as a house. Before selling your timeshare, make sure that you have your paperwork in order. The following checklist should help.

 

the name, address, and phone number of the resort

 

the deed, and the contract or membership agreement which clearly identifies the timeshare you own

 

the financing agreement (if you are still paying for the property)—remember you’ll have to pay this off before you can transfer your timeshare to a new owner

 

any title insurance information

 

any other information to identify clearly your particular interest or membership

the exchange company affiliation

 

the amount and due date of your maintenance fee, and whether it has been paid for the current year

 

the amount of real estate taxes (if billed separately), the due date, and whether they have yet been paid for the current year.

 

the date your timeshare will next become available for use by a new owner or when a new owner can first make a reservation

 

whether or not your timeshare is a fixed week and/or unit or requires an advance reservation (a floating or flex-time timeshare)

 

gather copies of the documents governing the resort owner’s association, if any, the resort’s rules and regulations, reservation rules and any other information that would be helpful to a new owner, such as area attractions

 

know whether or not your vacation interest is legally classified as real estate or personal property, as this will make a difference in how it is conveyed to a new owner