WorldMark by Wyndham Sellers
Frequently Asked Questions
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.
NEVER PAY ANYONE ANYTHING UP FRONT TO SELL YOUR TIMESHARE!
Whether the fee is called an appraisal fee, a market analysis fee, marketing/advertising fee, or some other type of fee, the result has always been the same -- it's a SCAM!
NEVER PAY ANYONE ANYTHING UP FRONT TO SELL YOUR TIMESHARE!
Whether the fee is called an appraisal fee, a market analysis fee, marketing/advertising fee, or some other type of fee, the result has always been the same -- it's a SCAM!
- Yes, we know you want to believe that the company “has a buyer” (or several buyers) wanting to purchase your timeshare. All [the company] needs is $xxx from you, they may claim “Don’t worry its refundable”… DON’T BELIEVE IT – it’s just a sales pitch because once the company has your money they have no significant incentive to work for you. And despite guarantees and other promises, you won’t get your money back when you complain.
- Focus on the net take home amount. This will help you determine which offers are truly the best.
- 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. - 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 a closing company on all transactions. Lastly, this will help the buyer feel more comfortable during the transfer process.
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 and does NOT include any fees deducted for the sale of your timeshare. Typically, 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! We offer FREE non-exclusive listing which means you can work with as many brokers as you want and if any of those brokers sell your account before we do; just send us an email notifying us and we will remove your listing. 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. Simply send us an email or call our office (209) 839-0000 with your request and we will remove your listing.
Q: Do we have to use a closing company?
A: Yes. 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: Yes and No. Wyndham launched a new program called "Ovation by Wyndham". Wyndham says they will NOT charge owners additional fees or force them to purchase anything in order to participate in Ovation. The only exclusion for participation is an unpaid mortgage. Owners who are still paying off their mortgage cannot participate in Ovation until that debt is resolved. Many owners have said Wyndham only purchases "eligible" credits and many times less than the current resale market rate. IMPORTANT NOTE: Do your research and ALWAYS read the fineprint.
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.
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 , you may pay the difference in order to sell it or you're welcome to take advantage of our refinancing program. Feel free to email or call (209) 839-0000 for additional information.
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. Feel free to email or call (209) 839-0000 for additional information.
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. The whole title transfer process takes approximately 4-7 months to finalize depending on Worldmark's Transfer Department workload. Turnaround times are subject to change due to Worldmark’s current workload, and always without notice. We process everything the same day, however everything we do is dependent on WorldMark. In the meantime, we must be patient and abide by WorldMark’s policies and procedures in order to get this done. How WorldMark operates is completely out of our control. You're welcome to call Worldmark's Transfer Department at #800-537-6497 for additional information.
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. Once we receive confirmation that the transfer has been finalized; the file will be forwarded to the Accounting Department to close escrow and disburse funds. Funds will be disbursed within 7-10 business days thereafter.
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. The sooner you sell your timeshare ownership, the sooner you will be released from the increasing maintenance dues.
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 business hours?
A. We are open Monday-Friday, 9:30 AM to 6:00 PM Pacific Time
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 and does NOT include any fees deducted for the sale of your timeshare. Typically, 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! We offer FREE non-exclusive listing which means you can work with as many brokers as you want and if any of those brokers sell your account before we do; just send us an email notifying us and we will remove your listing. 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. Simply send us an email or call our office (209) 839-0000 with your request and we will remove your listing.
Q: Do we have to use a closing company?
A: Yes. 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: Yes and No. Wyndham launched a new program called "Ovation by Wyndham". Wyndham says they will NOT charge owners additional fees or force them to purchase anything in order to participate in Ovation. The only exclusion for participation is an unpaid mortgage. Owners who are still paying off their mortgage cannot participate in Ovation until that debt is resolved. Many owners have said Wyndham only purchases "eligible" credits and many times less than the current resale market rate. IMPORTANT NOTE: Do your research and ALWAYS read the fineprint.
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.
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 , you may pay the difference in order to sell it or you're welcome to take advantage of our refinancing program. Feel free to email or call (209) 839-0000 for additional information.
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. Feel free to email or call (209) 839-0000 for additional information.
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. The whole title transfer process takes approximately 4-7 months to finalize depending on Worldmark's Transfer Department workload. Turnaround times are subject to change due to Worldmark’s current workload, and always without notice. We process everything the same day, however everything we do is dependent on WorldMark. In the meantime, we must be patient and abide by WorldMark’s policies and procedures in order to get this done. How WorldMark operates is completely out of our control. You're welcome to call Worldmark's Transfer Department at #800-537-6497 for additional information.
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. Once we receive confirmation that the transfer has been finalized; the file will be forwarded to the Accounting Department to close escrow and disburse funds. Funds will be disbursed within 7-10 business days thereafter.
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. The sooner you sell your timeshare ownership, the sooner you will be released from the increasing maintenance dues.
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 business hours?
A. We are open Monday-Friday, 9:30 AM to 6:00 PM Pacific Time