Timeshare Broker Beat

In light of recent timeshare and closing company scams, the BBB has once again released new advice for timeshare sellers. The Better Business Bureau is designed to protect consumers from fraudulent business practices while setting market standards and encouraging and supporting best practices.

We love finding good coverage of timeshare-related topics on mainstream media. We’ve recently stumbled upon some great advice at MSN Money that we’d like to make available to our website visitors.

The post, entitled: How to Buy and Sell Timeshares offers a comprehensive “overview” of timeshare resale best practices. Check it out and feel free to contact us with any questions about buying or selling vacation ownership property.

Last week, the Better Business Bureau began an investigation into the legitimacy of an Iowa-based “vacation ownership closing company” going by the name of Wade Capital Management.

According to iowa.bbb.org, "the company purports to be located at 668 19th Street in Des Moines, Iowa; however, mail sent to this address has been returned as undeliverable. The address is a 7 unit apartment building. The owner of the building states that there is no business known as Wade Capital Management operating from such location."

Selling a timeshare can be a tricky business; and there is all sorts of conflicting advice about how to sell a timeshare on the internet. So we thought we’d help. We put together our top three tips for selling your timeshare:

Selling your timeshare can be a tricky business. Unfortunately, unprepared sellers too often fall victim to timeshare scams or ineffective marketing schemes. Many sellers find themselves in difficult financial situations and, out of desperation, make rash decisions without proper research. Others simply don’t know the warning-signs. So, what’s the number one mistake timeshare sellers make, and how can you protect yourself?

Paying an upfront fee is the number one mistake timeshare sellers make. Whether a company is selling you ad-space on their “highly visible” website, or promising to close the sale for a “ready and waiting” buyer – it’s rarely worth taking the risk to pay upfront for services.

This morning, the Tampa Bay Times ran an extensive story on timeshare fraud in the Florida timeshare resale industry. The article told the story of dozens of vulnerable, and often elderly, victims of timeshare scams, and the inability (or unwillingness) of law-enforcement officials to investigate.

How Timeshare Resale Scams Operate

Timeshare Broker Sales is a proud member of the Licensed Timeshare Resale Brokers Association. This morning, the Today Show recommended the LTRBA as a safe and reliable resource for selling your timeshare! Start the video at Minute 3:32 if you’re pressed for time.

Check out the video entitled How to Get Rid of Unwanted Timeshares