Advance Fees - Advance
fees are the
costs affiliated with placing a timeshare for sale (listing the property) or
fees for services provided prior to the actual sale of the property. Because
timeshare products are each unique, the resort systems and their
requirements vary and many owners are unclear about their ownership; most
Brokers serving this market deal with ownership issues not involved in other
real estate transactions; often errors or uncertainties must be resolved to
accurately and adequately market the property. Requesting a fee for services
which will enhance the sale is a legitimate business practice, frequently
seen in the timeshare resale market. Advance fees may range from $50 to
$200; however most reputable Brokers try to restrict their advance fees to a modest
amount. Consider the service provided for the fee, the value of that
service, whether the service/fee is a one-time charge or optional or
refundable, and whether the company provides the service to other timeshare
sellers. |