Forbes Advice for Safely Selling your Timeshare
According to this newly released Forbes article, “timeshare gripes were the fastest-growing category” of consumer complaints in 2012.
Timeshares can be great for consumers who make effective use of them; and many complaints centered on timeshare sales and resales practices.
While many consumers had issue with high-pressure timeshare sales “presentations,” consumer groups also report a notable and disturbing uptick in the number of complaints from current owners who have been scammed while trying to sell their timeshare.
Avoid Upfront Fee Timeshare Scams
These scammers operate by demanding an upfront fee to sell your timeshare (often convincing owners they have a buyer waiting), then disappearing with your money.
Even worse, these scams are often compounded by yet another scammer, positioning itself as a “resale recovery services” firm who will promise to retrieve the money the consumer paid to the first “company “— for another upfront fee, of course.
Consult a Licensed Timeshare Broker
According to Forbes, consumer agencies around the country agree, advising consumers to “avoid timeshare resale companies that take upfront fees regardless of whether they find a buyer for you” and instead advise owners to contact their timeshare management company to inquire about buy-backs, consult with a licensed real estate agent, or both.
We’d also advise all current owners to ensure that their potential resellers have BBB accreditation and licensing. Or, just contact us.
We are a BBB accredited, ARDA recommended member of the LTRBA. As licensed timeshare real estate agents, we never charge an upfront fee for our resale services.