Posts Tagged ‘title companies

06
Apr
10

Sales Contract and Terms You Should Know

First and foremost, always, always, make sure you execute a legal contract for the sale of a timeshare property that is properly completed through the use of a timeshare professional or an agency that specializes in the execution of documents for the purchase and sale of timeshare property.  There are many title companies that specialize in the processing, execution and completion of timeshare sales contracts.  If you choose not to obtain the advice of a timeshare professional in the execution of a sales contract, then be prepared for possible legal consequences that you may incur following the sale or purchase of timeshare property.  This is no different than the processing and execution of legal documents for the purchase or sale of a residential property; however, the legal wording is tailored to the timeshare property in question and specifically indicates information that pertains to that specific  unit.

I wont go into the specifics of a sales contract, as there are many variations to the contract due to the multitude of timeshare properties available today; however, there are certain sales terms that you should be aware of when involved in the execution of a timeshare contract for purchase or sale.

Due to the fact that there are so many terms involved, please click on this website.  You will find a number of terms used in the industry that you need to be aware of.  Take your time!  Make sure to use a professional if you are purchasing or selling your timeshare property and finally, as always, do your homework to determine a fair market price to purchase or sell your timeshare property.  The time you spend now may save you hundreds or even thousands of dollars at the time of the purchase or sale.




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