Beware of Illegitimate Ways to Sell Timeshare

Sell timeshare issues draw a lot of inquiries from timeshare owners recently in the US where approximately 4.4 million households own one or more. In Florida and California alone, where most timeshares exist, a number of companies had been established promising to help timeshare owners sell their timeshares effectively and worry-free.

But beware of crafty sales presentation of some timeshare resale companies who would do anything to get timeshare owners to sell timeshare to them - invading phone lines, filling up mailboxes, and spamming emails. In the end only to find out that they cannot really sell your timeshare in the agreed time-frame returning only a very little worth of bond. Please be mindful of the following measures (excerpted from a 2006 cooperative agreement between the Better Business Bureau and the U. S. Federal Trade Commission) to determine the safety and legitimacy of selling your deeded timeshare through a legitimate company:

Top Ten Checklist to Sell Timeshare

Jot down all the information of the agent who contacted you (Name, Name of the Company, Phone Number, Email, etc.)
Check for the company's Better Business Bureau (BBB) registration
Contact the company to determine if the agent is currently working for the company
Do not agree on anything on the phone or through emails. Let the agent visit you personally
Ask for the agent's license to sell any real estates or timeshares in your area or the place of your timeshare. Dealing with legitimate brokers will reduce the risk of being a scam victim
Get the details on how the agent will effectively sell your timeshare in the desired time
Determine the fees that allow them to sell timeshare. Some would normally ask for a service fee to sell your timeshare but be mindful of refund policies should the agent fail to sell your timeshare in an agreed deadline
Have everything agreed documented and signed by parties involved
Ask for the company's timeshare value appraisal schemes so you can personally assess the value of your timeshare
Before signing, make sure you understand the terms and conditions stated in the selling contract - services, fees, commissions, payment terms, selling time-frame, and closing the sale

Although to sell timeshare can be the same as selling any real estate property, you should also take into consideration the terms and conditions of the contract you signed with the timeshare developer where you purchased your timeshare. Prepare the following items to ensure the timeshare sale goes smoothly :

  • Registered name of the timeshare developer, address, and telephone number
  • The timeshare contract of your deeded timeshare ownership
  • Payment agreement between you and the timeshare developer, especially when still actively paying for them.
  • Information on interest terms and membership terms
  • Legitimate affiliation of the timeshare developer
  • Due date of the maintenance fee of the timeshare to sell
  • Taxes associated with timeshare ownership, especially when it is beyond the deeded timeshare contract

For a risk-free sale of your timeshare, you can verify the company's affiliation to American Resort Development Association (ARDA), a trusted name in the vacation ownership (like timeshare) and resort development industry. Its roster of members includes around 1000 major companies in the US and overseas. Sell timeshare safely today!

Timeshares in British Columbia are Getting Faced Up

There is a new wave of real estate that is challenging the traditional timeshare dominance in British Columbia’s Columbia Valley. As reported by the Calgary Herald, fractional real estate is making an impact and slicing a market share with timeshares. The Residences at Fairmont Ridge, town houses in Columbia Valley and a part of redevelopment […]

Investing in a Timeshare or in a Travel Club Membership is a Lifetime Option

You might feel pressured and immobilize with you timeshare. Sometimes, when you are so dying to get out or opt to trade it to a different location, you find yourself consumed with so much hassle, time, effort and money. You’d wonder how you were able to get into the trap of this annoying vacation spot. […]

How to Sell Your Timeshare Decently in No Time

Here are some tips on how to sell your timeshare fast even under poor economic condition. We all know that this kind of property needs an immense amount of money to sustain its existence but in reality, you are just nourishing an empty and immobile property. Timeshares are truly attractive to every person who is […]

Hawaii Timeshare Sales Ideal for Holiday Gifts

This holiday season, the best way to show your love is to give a most exciting travel destination. Would it be nice to spend a grand weekend with your loved ones with a reasonable budget? Hawaii timeshares are offering holiday discounts so you can take your family on an ultimate getaway. Holiday timeshares are not […]

The Trend on Selling Timeshares in Today’s Market

There a number of reasons why you might be selling your timeshare. You may want to either move to a bigger area or in a smaller one. Or, you find it as a financial burden or that you don’t really need it anymore. Whatever your reasons are, when it comes to selling timeshares, you want […]