Harbor Ridge now has a resale program in place
for owners wishing to sell their weeks. If an owner would like
to list their week for sale, the owner must submit a
Resale Listing
Form. Any resort representative
can work on behalf of both buyers and sellers.
The program is still young, and we are excited about its
possibilities! The resort provides a
list of owners who have their unit/week up for sale. The resale list is an
Excel spreadsheet that can be e-mailed, faxed, or mailed via USPS.
To request a copy of the resale list, please complete the form
below.
The resort will provide deed work services for $200.00.
This fee includes preparing a Warranty Deed (and recording it at the
Registry of Deeds), a Real Estate Transfer Tax Form, a Resale
Certificate, a Co-Owner Agreement (if necessary), and a Public
Offering Statement. To get started, merely draw up a Bill of
Sale and mail it to Harbor Ridge, along with the $200 deed
preparation fee.
We encourage owners to read the article below
entitled, Selecting a Resale Company, prior
to sending any money to any resale company.
First Name:
Last Name:
Email Address:
Telephone:
Existing Owner or Interested in Buying:
Please Enter Your Mailing Address or Comments.
If you are already an owner,
please state if you would like to purchase additional
time or to sell your week.
KNOW YE ALL MEN BY THESE
PRESENT, that, _______________________________, of
______________________________, ___________, ______, _________, for and in consideration of
payment of the sum of $________, the
receipt of which is hereby acknowledged, do hereby grant, bargain, sell and convey to
_____________________________________ having a mailing address of___________________________, ____________________, ______, __________
with a contact phone number
(______) ______________ and his heirs, executors, administrators, successors and assigns the
following property:
Harbor Ridge Resort, a timeshare estate vacation condominium,
located at 39 Freeman Ridge Road, Southwest Harbor, Maine
Unit _____, Week _____ Circle one: Every Odd Even
Beginning Occupancy Year: 2010
2011 2012
Transferring Interval International Membership: Yes or No
Party Responsible for Deed Work Fee ($200) due to Harbor
Ridge: Seller Buyer Both
I hereby warrant that I am the lawful owner of said
property and that I have full legal right, power and authority to sell said property. I further
warrant said property to be free of all encumbrances and that I will warrant and defend said
property hereby sold against any and all persons whomsoever.
IN WITNESS WHEREOF, I, the seller, have hereto set my
hand and seal this ____ day of _______, 20__.
On this ____ day of _______________, 20__, before me
personally came and appeared ____________________, known, and known to
me, to be the individual described in and who executed the foregoing
instrument, and who duly acknowledged to me that he executed same for
the purpose therein contained.
IN WITNESS WHEREOF, I hereunto set my hand and
official seal.
1.Be prepared by
having all your paperwork in order before proceeding.
2.Ask what methods
the company will use to advertise and promote the
property. How can you get regular information on the
status of the property? Be sure you know exactly what
services the company will perform before making any
payments or giving any credit card information.
3.If you receive an
offer by telephone, resist any pressure to make an
immediate decision. Ask the solicitor to put details of
the offer in writing and send the information through the
mail. Obtain a written contract before making any
payments.
4.Once you have
received the contract, be sure you understand the terms
and conditions, including:
any
fees, commissions or other costs you must pay
whether
you can still rent or sell the interest on your own
how
long the contract will be in effect
exactly
what services the company will provide
who
is responsible for documenting and closing any sale.
5.Some resale
companies charge up-front or advance fees for resale
activities. The legality of these fees depends on your
state law. You should check your state law before paying
any advance fees. You may wish to consult with a state
government agency such as the Department of Real Estate,
or the Bureau of Timesharing to determine the legality of
such fees in your state. If your state does not
prohibit up-front fees, the ARDA member guidelines provide
that prior to taking an up-front fee, the resale firm must
provide the owner with a written statement explaining the
purpose of the fee and whether other fees will be
incurred.
6. Ask if the
company holds a real estate brokers license in its home
state. Check with the state real estate commission to
verify the information.
7.Understand that,
despite what some rental/resale salespeople tell you,
there are no guarantees that your vacation interest can be
resold or rented at a particular price or within a certain
period of time. Resale of property is not an overnight
process. Do not expect immediate results, but don’t
hesitate to check on the progress your company is making
on reselling or renting.
8.If you have a
problem, report it to the proper agencies: The Better
Business Bureau, state and local real estate commissions
and consumer protection agencies, consumer reporters, and
state attorneys generals.
9.Make sure you get
a written contract and understand the terms of the
contract before paying any money.
10.Be aware that
some resale companies require up-front listing fees which
are not refundable.
11.Be wary of
companies offering gimmicks, such as money-back
guarantees, in order to get your listing fee.
12.Ask questions
regarding the company’s background, history or resale
success, and who at the resale brokerage will handle the
closing.
