Since inception in 2012, RedWeek's Full Service Timeshare Resale program has saved sellers more than $500,000 in commissions, and that number will continue to grow. This past year, RedWeek has seen a 30 percent increase in successful timeshare sales.
SEATTLE – A popular consumer program from RedWeek.com, the largest online marketplace for timeshare resales and rentals, is simultaneously boosting resales while saving money for sellers in an otherwise choppy secondary market.
Since inception in 2012, RedWeek’s Full Service Timeshare Resale program has saved sellers more than $500,000 in commissions, and that number will continue to grow. This past year, RedWeek has seen a 30 percent increase in successful timeshare sales.
“RedWeek is dedicated to helping owners sell their timeshares at a reasonable cost and with a strong likelihood of success,” said Gary Prado, RedWeek’s Vice President of Business Development. “Our full service resale program is the least expensive and safest way for owners to sell their intervals using professionals to handle all the legal paperwork and closing services.”
Here’s how the program works: RedWeek handles all of the setup, advertising and posting for sellers on RedWeek.com. RedWeek-affiliated real estate brokers provide pricing recommendations and buyer negotiations, then coordinate communications among the resort management company, closing agents, and title company – at a fraction of the commission usually charged by timeshare brokers.
“We only partner with brokers who have a long history and strong reputations in the marketplace,” Prado said. “And because of the size of our marketplace, with 2.1 million subscribers, we can generate sufficient traffic for sellers to keep commissions as low as possible.”
RedWeek.com charges a simple commission of $399 (or 3 percent of the sales price) for a Full Service Resale transaction. This is a dramatic saving for sellers who would otherwise pay commissions of $1,000 to $1,500 to a real estate broker for handling the sale of their timeshare.
“This is the best bargain on the market for owners who need professional help selling a timeshare. Our subscribers have already saved $500,000 in commission fees, and those savings increase every day,” Prado said.
Photo caption: Gary Prado, RedWeek’s Vice President of Business Development.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
