Buying or selling Timeshare - Operational Procedure
We act as brokers on behalf of private individuals who wish to buy or sell Timeshare. Once a sale is secure we follow the procedure outlined below:
Upon an agreed ‘sale price’ between both the vendor and buyer we will finalise legal searches on the Timeshare to establish ownership and the owner’s right to sell, check property details and make sure the Timeshare is free of all encumbrances and is available for occupancy by the purchaser.
When stock is cleared for sale we issue legal contracts to both buyer and seller. Should the stock not be cleared an alternative stock offered.
A cooling-off period applies to all sales under the EU/UK Directive and Code of Practice of the RDO / TATOC / UK Timeshare Council of which we are resale broker members.
After the cooling-off period, full purchase monies are required in an independent Solicitors Clients Account to be held in Escrow until completion of sale.
Legal transfer of ownership can take approximately two/three months depending on the constitution of the resort sold. Foreign Land Registered properties will take longer.
On completion of sale we submit the new ownership documentation to activate the Escrow Trust account, which releases the monies to the seller, commission to our company and ownership title to the buyer together with the Travel & Leisure Club Lifetime membership.