What Paperwork Do You Need to Sell a Timeshare?
by Transfer America on November 29th, 2010
filed under Transfer America
As many experienced timeshare owners are aware, trying to sell a timeshare can be one of the most difficult and even frustrating endeavors to undertake. From the listing companies and the brokers trying to charge you an exorbitant upfront fee to the slew of other timeshare owners on the seller’s market right now posting their timeshares on eBay and Craigslist for a single dollar, selling a timeshare is a trying task to say the least.
However, if you are insistent upon trying to sell your timeshare, there are a few required documents that you should have before you speak to anyone.
1. The first and probably most-expected document you will need in order to sell your timeshare or any piece of expensive real estate is your proof of residency. In this case you would just use your social security number, but you obviously can’t just rattle the number off so you would want to actually either bring your social security card or your birth certificate.
2. The second document you need to sell a timeshare is the Earnest Money Contract. This is the contract that details the exact information of the timeshare. This includes the address of the timeshare, the resort that it is a part of, as well as other crucial pieces of information.
3. The last necessary document needed to sell a timeshare is the actual timeshare deed itself. To transfer a deed out of your name, you will need to have the signatures of anyone who is currently on the deed to sign over to the buyer.
After you have sold your timeshare, you will complete a deed of sale document that shows that the timeshare deed has in fact changed hands. After you receive a deed of sale, your timeshare is no longer in your name and has been successfully transferred to someone else.
