Timeshare Seller Frequently Asked Questions
Selling your timeshare in Ka’anapali is simple and stress-free when you use KaanapaliTimeshare.com’s services. Our experienced real estate agents will assist you through the whole selling process. If you are unable to use your timeshare this year, we can also help you rent out your vacation property so you can maximize on your ownership.
Timeshare Seller Questions
Read answers to some of the most frequently asked questions about how to sell timeshare below. You can also call us at 1-844-202-3504 to speak with one of our specialists.
Can I resell my timeshare if I bought it directly from the resort?
Yes, as the owner, you have the right to resell your timeshare whether you bought it through the resort or as a timeshare resale. Timeshare owners who try to resell through the resort are often turned away or placed on a long waitlist. Reselling your timeshare on the secondary market is typically easier and more efficient.
Can I resell my timeshare if I lost my deed?
Yes, you can still sell your timeshare if you lost your deed. Your title company will order a new deed for you through the resort or the appropriate party. KaanapaliTimeshare.com will refer you to a reputable title company when it’s time to close on your transaction.
What is the Right of First Refusal (ROFR)?
Most timeshare sales contracts include the Right of First Refusal, which allows your home resort to buy back your timeshare at the current price when you resell it. The resort can purchase your timeshare even if you and a buyer have come to an agreement, and would buy your timeshare for the agreed amount so you don’t lose out.
Your Ka’anapali timeshare broker will inform the resort when you are ready to resell your timeshare. If the resort wants to buy your timeshare, your closing company will complete the transaction for you. It is unusual for a resort to buy back a timeshare, however, so if the resort waives its ROFR, you can move forward with the original sale.
Do I need to have my timeshare appraised in order to sell it?
No, you do not need to have an appraisal in order to sell your timeshare. You may hear of less reputable companies “requiring” appraisals to sell your timeshare. KaanapaliTimeshare.com will help you calculate the fair market value of your Ka’anapali timeshare without cost or obligation.
Do I need a lawyer to complete the timeshare closing?
You do not need a lawyer to handle the timeshare closing process, however, KaanapaliTimeshare.com advises that you hire a licensed and bonded title company. The title company will handle:
- Deed preparation
- Escrow of funds
- Timeshare estoppel certificate
- Closing statements
- Recording fees
Timeshare closing companies generally charge one low, flat rate for their services. They also have all work reviewed by a licensed attorney to ensure accuracy. Call us at 1-844-202-3504 to learn more.
How long will it take to resell my timeshare?
There is no way to estimate how long it will take to sell your timeshare due to the many factors that will affect the sale. Things like location, resort quality, flexibility of usage, season, demand, and price can all influence the length of the sale. We advise pricing your timeshare competitively and adjusting the cost if necessary in order to sell it quickly.
Frequently Asked Questions About Renting Out Your Timeshare
Can I rent out my timeshare?
You can rent out your timeshare as long as you are the owner and your ownership/membership contract does not contain any restrictions prohibiting you from renting it out — whether your timeshare is deeded, right-to-use, a vacation club membership, or timeshare points.
It is important to note that you cannot rent out a week you’ve received in exchange. You can only rent out a timeshare for which you own the deed or certificate. Exchange companies like RCI and Interval International will ban you from future exchanges for renting out a week or points for which you’ve traded.
What are the benefits of renting out my timeshare?
Renting out your timeshare week or vacation club points is a great way to make the most of your vacation ownership even during those years you aren’t able to use it. You can use the income you receive from renting out your Ka’anapali timeshare to pay for your maintenance fees, so you’re not losing out on your time.
How should I price my timeshare rental?
We suggest that you set your timeshare rental price based on supply and demand. Our resort rental specialists will compare your rental unit to other similar units on the market to help you determine how much it is worth.
How do I rent out my timeshare?
Renting out your timeshare is easy with the help of KaanapaliTimeshare.com’s rental specialists. Follow the few steps below:
- Contact KaanapaliTimeshare.com.
- Contact your resort to book the week.
- List your rental on our site.
- Respond to inquiries from potential renters.
- Send the rental agreement to the renter and request a deposit (it is typical to request 50% of the agreed rental price, and payment is usually by money order, certified check, or PayPal.com).
- Secure the deposit and the completed rental form.
- Acquire a confirmation number or guest passes from the resort for your renters.
- Request the final deposit from your renter in exchange for the confirmation number or guest passes.
How can I be certain the renter will pay the rental costs?
You and the renter will sign a rental agreement prior to the agreed rental period. The agreement protects both parties and explicitly states that the renter will pay in full for the timeshare rental. As the owner, you will notify the timeshare resort that the renter will be staying during the specified rental period and obtain either a confirmation number or guest passes for the renter. It is important for both you and the renter to have copies of the agreement. The rental agreement will guarantee that you receive payment for the use of the timeshare and that the renter will have a timeshare reserved in his or her name.