Rentals
Renting another persons membership.
We begin by investigating your requirements and needs for comfort on your upcoming vacation. Things like courtesies, capacity, facilities, perks, and weeks would all be considered. Once we chat about your needs we will then filter our database with your petitions to produce the best matches possible. After a choice is made to precisely what rental works best for you, our broker would then start negotiations and produce the best price point for the given weeks. Every rental is ensured under contract and commissions paid at closing.
Renting out weeks on a membership you currently own
Sitting around for your resort to make good on the promise to send you clients for rentals is well, just sitting around! Looking for your own rental opportunities can open doors and places control in your hands while garnering incredible results if done right. Summit Brokers LTD Solutions puts incomparable results on your side. Once a potential tenant is produced we will start by setting terms for the rental. Once the terms are set and agreed to, your tenant will need to deposit the set amount into trust. You will then need to reserve the agreed upon time with your resort. As soon as the reservation ids and confirmation is given from your resort the funds are transferred to you and reservation to the tenant.
Resales
Through bad listing experiences and all out fraudulent activity this particular branch of the second hand market has gotten a very bad wrap in the last years. You’re most definitely going to want a well drafted sale agreement to safeguard your position within the transaction. When undergoing a resale, you are always best going through a reputable brokerage with years of timeshare/vacation property experience to successfully navigate your sale.
If you’re the one selling a broker will offer their services from the very beginning and will include listings, filter prospects, draft agreements, and establish escrow/title/closing company involvement. Best of all your dues are paid at the end of the transaction.
Resales are strongly looked down upon by most resorts, especially abroad where regulation is highly lacking. Resorts will always set forth requirements for sales within their original purchase contracts.
It’s also common for resorts to strip a membership from certain amenities upon transfer. Whether you are thinking of purchasing or selling you’re going to need to do your homework on the resort in question to ensure a smooth transaction.