Timeshare FAQ
Sell my timeshare
1. What does it cost to list my timeshare for sale with Pinnacle?
2. What is an Open Net Listing Agreement?
3. What does "Net Proceeds" mean?
4. Once you receive my agreement, how long does it take to list my timeshare for sale?
5. How do I find my timeshare resort resale listing on your web site?
6. Will I get updates regarding interest in my timeshare unit?
7. On average, how long does it take to sell a timeshare unit?
8. How do I determine the current value of my timeshare?
9. How do I set my selling price?
10. What are some tips to help my timeshare unit sell?
11. What is your commission for timeshare resort resale listings?
12. How do I lower my selling price?
13. Can I cancel my agreement without penalty?
14. If I have my timeshare interest listed with Pinnacle but find a buyer myself, will I incur a penalty for withdrawing my agreement?
15. What are the average closing costs?
16. What closing costs does the seller pay?
17. What do you do to market and sell my timeshare?
18. Are RCI memberships included in timeshare sales?
1. What does it cost to list my timeshare for sale with Pinnacle?
The cost is $39. Your listing will be advertised on our web site for one year.
2. What is an Open Net Listing Agreement?
An Open Net Listing Agreement is an agreement between a seller and Pinnacle Vacations, Inc., which gives us real estate information and permission to sell your timeshare. Our agreement is "open," which means you are free to utilize other real estate firms to sell your timeshare, in addition to Pinnacle Vacations.
3. What does "Net Proceeds" mean?
Net proceeds is the amount you will take home from the sale of your timeshare interest after closing. Please note that any outstanding obligation(s) will be deducted from the net proceeds at closing (i.e. mortgage, maintenance fees, special assessments, etc.).
4. Once you receive my listing agreement, how long does it take to list my timeshare for sale?
Approximately 5-7 days. After your timeshare resort resale listing has been reviewed and entered into our system, you will receive an email or letter in the mail providing you with your listing ID information and directions to view your listing.
5. How do I find my timeshare resort resale listing on your web site?
From the home page, go to Advanced Search. Near the bottom of the page you will see a Listing ID field. Enter your listing ID in the box and click SEARCH.
6. Will I get updates regarding interest in my listing?
Simply call 800.485.5632 ext.1, Monday - Friday, 9 a.m. - 5 p.m., and a resale specialist will gladly review any inquiries and share comparables.
7. On average, how long does it take to sell a timeshare interest?
Pricing dictates timeliness in the sales process. It is not uncommon for a timeshare to take a year or more to sell. The more price competitive you are the faster it is likely to sell.
8. How do I determine the current value of my timeshare interest?
The value of your timeshare interest is what the next person is willing to pay for it. Involvement in the selling process is critical to your success. Watch pricing on the web site or call and one of our resale specialists will be happy to review comparables.
9. How do I set my selling price?
Any outstanding financial obligations (mortgage or maintenance fees) should be taken into consideration when setting the sale price, as they will be deducted from the net proceeds at closing. If neither of these affect your pricing, check the pricing of comparable inventory to ensure you are competitive in the current market.
10. What are some tips to help my timeshare interest sell?
Selling a timeshare interest in the secondary market is contingent upon pricing and location. Take an active part in the sale of your timeshare by continually reviewing the market to ensure your inventory is priced right.
11. What is your commission for timeshare resort resale listings?
We work on a fixed-commission basis for an amount over your desired net proceeds. Call us at 800.485.5632 ext.1, Monday - Friday, 9 a.m. - 5 p.m. or contact us online for further information.
12. How do I lower my selling price?
Simply call 800.485.5632 ext.1, Monday - Friday, 9 a.m. - 5 p.m. or contact us online to notify us that you would like to lower the price of your timeshare interest for sale.
13. Can I cancel my listing agreement without penalty?
Yes, prior to us finding a buyer for your timeshare resort interest.
14. If I have my timeshare interest listed with Pinnacle Vacations but find a buyer myself, will I incur a penalty for withdrawing my agreement?
No, as long as the listing is cancelled prior to Pinnacle Vacations finding a buyer.
15. What are the average closing costs?
On purchases of $10,000 or less, the average closing costs are typically between $725 to $800 and are paid by the buyer.
16. What closing costs does the seller pay?
The buyer pays all closing costs, which average approximately $725 on purchases of $10,000 or less. All the seller pays is the advertising fee of $39.
17. What do you do to market and sell my timeshare?
We are a Florida Internet-based timeshare resale company and our web site gets thousands of visits each month. Your listing receives maximum exposure because www.pinnaclevacations.com is search-friendly and highly visible on the top search engines. We also use paid placement ads on top search engines such as Google and Bing to increase our web site's visibility.
18. Are RCI memberships included in timeshare sales?
Usually no, although some companies like Bluegreen Vacations® include membership with RCI yearly as a benefit.
