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Resales

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• Our ReSale Division is fully operational and an active market exists for unit weeks in all seasons/all views with prices ranging from $2,000 to $8,000. There are limited unit weeks available, so act NOW to own you piece of Paradise.

For those members wanting to sell their unit weeks, this can be conducted in three ways:

1) If PIBC Management Limited (PIBCML) is appointed as the sales/closing agent, we will advertise and secure a purchaser for your week, oversee the transfer of funds, and ensure the timely completion and recording of the transfer documents. For this, a commission of 25% (a part of which comes back to the Club) of the sale price is levied along with closing cost of $35.00 payable by the Vendor and $200.00 by the Purchaser. The closing costs are mandatory and cover the processing and registration of the transfer document. One of the primary benefits of allowing PIBCML to sell the unit week is that the certificate will automatically be extended to the year 2032 if it expires prior to that date. This makes the unit week a more attractive purchase.

2) If PIBCML act only as the closing agent – you secure a purchaser – then a commission of 10% of the sale price is levied. In this regard, we will provide the Sale/Purchase Agreement, handle the transfer of funds and ensure the transfer documents are completed and registered expeditiously.

3) In the event you find a purchaser and use the services of a closing agent of your choice, only the respective closing costs will have to be paid. Please note that PIBCML will not be accountable for the transfer of funds, nor will we prepare/provide the Sales/Purchase Agreement as our responsibility will be limited only to the preparation and registration of the transfer documents.

The commissions mentioned above are payable at closing and all sales are on a cash basis – no financing.

Members wanting to extend their stay in Paradise or wishing to provide others the privilege of doing so, please forward your inquiry to our Sales Department at sales@mypibc.com. Our staff will be delighted to assist.