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The Timeshare Broker Beat: Bringing you up to date information about the timeshare industry - from tips on scouting out the hottest new property to scam alerts for protecting yourself when buying or selling timeshare.

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Subscribe to this list via RSS Blog posts tagged in how to sell a timeshare

Do your Research!As discussed in a recent post here on the Timeshare Broker Beat, the Better Business Bureau frequently deals with reports of fraudulent timeshare resellers and timeshare scams. Thus, the BBB periodically releases advice for timeshare sellers and buyers on the resale market, to help protect them from dishonest business practices.

Not surprisingly, one of their most important tips is to always check with the BBB about potential resellers. First, check to see if any complaints have been filed against them, and if/how they were resolved.

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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.

Timeshare Broker Sales wears its BBB Accreditation proudly as a way to signify to our clients that we are a reputable and trustworthy source for timeshare resales.

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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.

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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."

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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:

  1. Always pay an upfront fee to sell your timeshare – it’s important to get the ball rolling. Plus, paying an upfront fee is a great way to ensure that a company already has your money; so you know they’ll do the right thing and work quickly to sell your timeshare.
  2. Don’t bother checking licensing or BBB accreditation – these things can waste precious selling time. If they have a website, or their agents sounded professional on the phone, there’s no reason to worry about their reputability.
  3. Don’t waste time with contracts – In today’s digital age, nobody uses contracts anymore. Besides, signing piles paperwork can delay proceedings, and could cost you the sale of your timeshare.

Bonus Tip: April Fools! Want to sell your timeshare safely and securely? Don’t follow any of the advice on this page. 

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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.

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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

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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

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