For Sale by Owner
The term For Sale by Owner is widely used in the USA for a Sale of a property or timeshare ownership sold directly by the owner. This means that the buyer deals directly with the owner in all aspects of the purchase of the property, in the world of timeshare this would include the negotiation of the sale price, liaising the necessary searches on the title and transfer of ownership, checking whether the timeshare had been banked or rented the, list is endless. If you are happy to liaise all necessary paperwork for the Sale this could possible be the method for you.
If you do decide to use a For Sale by Owner company you will need to be aware that the payment to the company will only be, in most cases, for advertising of your vacation / timeshare ownership. Some companies quote that they take NO commissions and NO closing costs; this is very true when using a For Sale by Owner Company. Be aware that if you decide to use this method for selling your timeshares, there will be at some stage, closing costs payable by someone for the completion of the transfer of ownership, and possibly some commissions if using an agent in the process of the sale.
Go back to Timeshare Glossary of Terms
