25% commision !!!!!!!!!!!!!!!!!

i emailed hgvc about thinking of selling my timeshare, cause i read that sometimes hgvc help sell your unit , anyway i got a email back today, saying that a broker would help sell it that works along with hgvc and they would want 25% commisson when its sold , what you think? cause i think its way too much

Not unusual...

lornauk said:

i emailed hgvc about thinking of selling my timeshare, cause i read that sometimes hgvc help sell your unit , anyway i got a email back today, saying that a broker would help sell it that works along with hgvc and they would want 25% commisson when its sold , what you think? cause i think its way too much

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My knowledge is neither unlimited nor universal, but 25-30% is a representative figure for those resorts with which I am familiar which have affiliated broker resales (and none I'm familiar with are hgvc).

Your efforts would probably be better directed to advertising on your own, since you can advertise on assorted timeshare sites to virtually every potential buyer on the planet for not much more than $100 USD.

Yes, 25% seems like a lot when compared to the 5%-7% typically charged by realtors on traditional real estate. However, considering the very low resale prices of timeshares, 25% isn't much to cover costs and still make a profit. So 25% with a minimum of about $1,000 is a common fee for timeshare resale realtors.

That fee - earned only if a sale is consummated - is still a lot better than paying $399 to $899 to an upfront-fee resale company that won't do any work for you.

If you don't like the commission numbers, follow theo's advice. Listing and selling your timeshare on your own is surprisingly easy if you spend a bit of time preparing. Start by carefully reading the "how to sell" article located at the top of the list of topics for this Buying, Selling, Renting forum.

lornauk said:

i emailed hgvc about thinking of selling my timeshare, cause i read that sometimes hgvc help sell your unit , anyway i got a email back today, saying that a broker would help sell it that works along with hgvc and they would want 25% commisson when its sold , what you think? cause i think its way too much

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There's a TUG member that is a realtor, specializing in Hilton timeshares. His name is Seth Nock. I have no idea what he'd charge, but I suggest you talk to him. I believe his user ID on TUG is sethnock, so do a search and send him an email. 25% commission is a bargain for an inexpensive timeshare that is hard to sell. However, HGVC is not that hard to sell (compared with most resorts) at a fairly high price (probably over $10,000).

PA- said:

There's a TUG member that is a realtor, specializing in Hilton timeshares. His name is Seth Nock. I have no idea what he'd charge, but I suggest you talk to him. I believe his user ID on TUG is sethnock, so do a search and send him an email. 25% commission is a bargain for an inexpensive timeshare that is hard to sell. However, HGVC is not that hard to sell (compared with most resorts) at a fairly high price (probably over $10,000).

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I believe Seth told me once that he charges the 25%.

If I ever decided to sell or buy again, I still would not hesitate to use Seth, since he has a great reputation here on TUG.

After all the sad stories of owners not being able to sell for years and wasted money 25% isn't bad.

Our resort charges 30% and I would still probably use them. Every time I stop in there are buyers there and they get the job done.

Bottom line is they do get it sold and all fee's are after sale.

Its funny that so many people complain about being scam by upfront companies then whine about paying 25-30% after sale,just no pleasing some people.

The only problem I have with our resort resales is if another owner buys then you get less because owners get discounts.

I did like this when we bought our second unit though!:hysterical:

Given the low value of timeshares with respect to other real estate and the difficulty in reselling timeshares, I would have to agree that a 25% commission for a legitimate reseller (with no up front fees) is not out of line.

25%

A reasonable price for good broker with no upfront fees.

lornauk said:

i emailed hgvc about thinking of selling my timeshare, cause i read that sometimes hgvc help sell your unit , anyway i got a email back today, saying that a broker would help sell it that works along with hgvc and they would want 25% commisson when its sold , what you think? cause i think its way too much

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That's a bargain. Marriott USED to charge only 25%, but now charges 40%!!

It is impossible to say if it is a good deal or not without knowing what their performance level would be.

For example, The going rate thorught EBAY or Private sale is in the ballpark of $11k-13k for Vegas and Orlando 7000 point weeks. It would cost about 3% to sell a week using this method.

If HGVC could get 20% more than these values than I would consider it to be a good deal. However, if all they are going to do is throw it out there for $12000 and then collect the $3000 in commision I would not consider it such a great deal.

I have also worked with Seth in the past and would definitely concur that he knows the HGVC market inside and out and is a great broker to work with.

What do *I* think? I think you ought to quit using BIG, RED LETTERS.

Its really irritating...

I guess you may be new to bulletin boards and not realized it, but please think about it.

Fern

Fern Modena said:

What do *I* think? I think you ought to quit using BIG, RED LETTERS.

Its really irritating...

I guess you may be new to bulletin boards and not realized it, but please think about it.

Fern

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Thank god its only a post in large red letters because I thought I was having flash backs!
This reminded me of my younger party days when I would wake up and see everything in red!:hysterical:

The bottom line here is you can sell yourself for cheaper if you understand how to do it and want to waste many hours, months or years~

You can pay 25-30% fee after sale and get it sold and paperwork completed in a timely matter and done right and no stress.
Most of us timeshare owners are not into sales so would spend more money for someone to handle paperwork anyway and waste our time and be stressed out.

Remember after wasting time with no results many fall for the upfront companies for help too!

Just like my rental of my studio this Feb 22,29,2008. I let the resort rent and after their cut I get the remaining amount which I invested maybe 10 minutes doing.

Same here--except for the red letters part--25% is not unusual, is reasonable, somewhat standard. And, if you can sell it yourself, somehow, then do.

It's just one of the weak links in the timeshare industry, something most wish to simply ignore, even after all these years, what to do when you no longer want it.

For Disney Vacation Club brokers typically charge a 10% commission. 25% seems high.

capjak said:

For Disney Vacation Club brokers typically charge a 10% commission. 25% seems high.

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Jack this 10% is very low and I can only guess it is because the price of Disney is high so the broker makes good money.

Also the fact you probably have a waiting list for Disney resale buyers. I would think a Disney would only take couple calls on the list and its a done deal.

Many of the timeshares out there are going for few thousand dollars and takes time to sell and some might never sell.

IMHO


PHIL

thanks for your advice

capjak said:

For Disney Vacation Club brokers typically charge a 10% commission. 25% seems high.

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It's been 11% for awhile on DVC resales.