WorldMark by Wyndham Sellers

Frequently Asked Questions

Selling your Worldmark Ownership is quick and easy with Timeshare Angels, Inc.  Here are a few things to keep in mind while selling.  

   1. Focus on the net take home amount. This will help you determine which offers are truly the best.

    2. Get a contract. If your offer is in text (a letter or email) format or verbally over the phone, this is not sufficient protection for you. Any legitimate offer should be in writing, with full disclosure of any fees from beginning to end of the transfer.
 

   3. Use a closing company. Not only will this protect your proceeds for the sale of your timeshare, this will maximize any potential for tax benefits. Our policy is to use Timeshare Closing Online, Inc. to handle our closings. Lastly, this will help the buyer feel more comfortable during the transfer process.
 

   4. NEVER PAY ANYONE ANYTHING UP FRONT TO SELL YOUR TIMESHARE!

Q: How do I obtain a free listing and appraisal from Timeshare Angels?
A: Communicate your contact and timeshare information and we’ll get you listed immediately. Please, fill out our Seller Form.

Q: What is the value of my WorldMark by Wyndham Timeshare?
A: We encourage you to check out our Inventory Page and take a look at the asking price for these Premier WorldMark by Wyndham Ownerships. Please keep in mind that these are the asking prices, not the selling prices. Typically the offers come far below what the owners are asking for.

Q: If I submit a seller form, am I obligated to do business with Timeshare Angels, Inc.?
A: No! Once Timeshare Angels receives the information you submit through our Seller Form, Timeshare Angels, Inc. starts a free listing for you. We then forward you offers in the form of a contract that you can choose to Accept, Reject, or Counter-Offer.

Q: Why should I choose Timeshare Angels to sell my WorldMark by Wyndham Timeshare?
A: We employ significant resources to list, advertise, and then sell your WorldMark Timeshare for you at competitive prices.  Our advertising is local, regional, national and international.  We DO NOT charge an "upfront" fee for our brokerage services.  We get paid when you get paid. Never pay anyone upfront fees to sell your WorldMark Timeshare. Our offers will beat any other broker’s legitimate offer by $50-$100.

Q: Do you ever charge listing fees?
A: No! We do not charge any listing fees at any time during the transaction, and you should never pay them, period. It is simply not appropriate in this industry.

Q: If I reject an offer, will you continue to list my ownership?
A: Yes! We offer free listings, with no obligation. This means we will continue to list your timeshare for as long as you like. If you wish to remove your listing, we will do so at no additional charge.

Q: Do we have to use a closing company?
A: Yes. Worldmark doesn’t require this, but our policy is to use Timeshare Closing Online for closing services. This is for everyone’s peace of mind and protection. This benefits the seller in that their proceeds are held safe during the transfer, and it is comforting to the buyer. We also do this to maximize your tax benefits.

Q: Does Worldmark buy back Ownerships?
A: No; Worldmark does not purchase accounts back. The only way to get rid of your timeshare is through the resale market.

Q: How will I receive my offer?
A: All our offers are in writing, in the form of a contract. There are no surprises or hidden fees.

Q: Do I have to pay any closing cost fees?
A: Normally this is negotiated and we disclose this in the purchase contract. However, sellers are encouraged to pay the closing costs because they are tax deductable.

Q: Do I have to have the loan paid off to sell?
No, you do not have to have a paid off account to sell. If your buyer is offering less than your loan balance to Worldmark, you may pay the difference in order to sell it. We can assist you with financing and the closing company will handle the rest.

Q: Do my dues have to be current?
Yes; Worldmark will not issue documents for, or transfer any account with past due fees of any kind.

Q: Do I have to sell my whole account?
No; you can split off a portion of your ownership to sell as long as you retain 5,000 annual credits minimum. You can also sell your available credits which will not affect your annual amount. Contact us for details.

Q: What if the buyer wants to pay by credit card?
A. You can decide if you would like to offer this as an incentive to the buyer. If you are willing, we will handle the payment process with the buyer, however you will be responsible for any merchant bank charges (generally 2-4%).

Q: How long does the transfer process take?
A. Worldmark takes 2-4 weeks to issue the transfer documents. Once we receive the documents, we must ship it to the buyer and seller which can take up to another 10-12 business days. Once Worldmark receives all the necessary documents, they generally take 4-6 weeks to complete a transfer.

Q: What fees can I expect from Worldmark Transfers Department?
A. Currently they charge $299.00 transfer fee.

Q: Can you take my transfer fee and past dues out from my proceeds?
Yes; you simply have to request this in writing.

Q: When do I get my check?
A. If sold directly to Timeshare Angels, you will receive your check within 24 hours of returning your transfer paperwork to us. If we’re brokering the transaction, the closing company will issue your check 24 hrs. after the transfer is completed at Worldmark.

Q: What is my timeshare worth?
A. In reality, a timeshare is only worth as much as a buyer is willing to pay. Trying to come up with an actual value is simply an estimation. One method is a comparative market analysis. This method is an informal estimate of a timeshare's market value, based on sales of comparable timeshares in a resort. You can do your own cost comparison by looking up recent sales of comparable properties in public records.

Q: How do I price my timeshare?
A. When pricing your timeshare for sale, consider the following to establish a fair market price:
1. Why are you selling your timeshare?

2. What is your motivation for selling your timeshare? Hopefully no one has told you that your timeshare is an investment and you could sell your timeshare for a profit. Remember the Original cost of your timeshare included a 60-70 percent marketing cost. Take this into consideration when pricing your timeshare for resale. Stay flexible when negotiating the sale with a potential purchaser, based on your motivation to sell the timeshare.

Q: What is the difference between fair market value and asking price?
A. The owner's asking price, the advertised price of a timeshare when it goes on the market, is set slightly higher than the fair market value. You can assume that some negotiation will be necessary to reach an agreement with a buyer.

Q: How flexible should I be about the asking price?
A. Most buyers leave room for negotiation when they make an offer. This means that a certain degree of flexibility is usually called for on the part of the seller as well.

Q: Should trends in price, interest rates, and the economy have any bearing on when I advertise?
No. Even if you have given yourself plenty of time to sell, waiting for better market conditions is not likely to increase your profit potential.

Q: How do I reach the right potential buyers?
A. Advertising remains one of the most important components of the marketing process; however, it is not as simple as it used to be. Advertising can be very expensive. A single page of listing ads run by a local real estate office in your local newspaper can cost anywhere from several hundred dollars. Timeshare Angels does the expensive advertising for you. We are advertised in key timeshare owner publications, as well as on the Internet. We reach the majority of timeshare purchasers and potential purchasers. With Timeshare Angels, you will reach thousands of potential buyers.

Q: What are your hours?
A. We are open Monday-Friday, 9:00 a.m. - 6:00 p.m. PST