It’s not easy to fall as victims of the resales scam or fraud. Aside the burden these timeshare owners have been dealing with their properties, they want nothing else when they want to have timeshare relief.To help prepare, there are eight tips from experts while selling or renting timeshare.
1) Ask the timeshare developer, resort manager or owner's association first if they have Internet sites, newsletters or bulletin boards where owners can post to advertise their properties for sale, rent or trade.
2) Make sure that you are dealing with licensed real estate agents or brokers. Check out myfloridalicense.com and click on "Verify a License'' or call 850-487-1395 for some help.
3) Research some information from the Internet if there are complaints about the companies or their employees. Go to the same website, myfloridalicense.com and call the attorney general at 866-966-7226 or go to myfloridalegal.com. You can also check with the Better Business Bureau at bbb.org.
4) Beware of resale companies that charge up front fees. Opt for a company which offers to sell for a fee only after the timeshare is sold.
5) Find out the details of the resale company. Ask if they handle the entire closing and provides escrow services. Ask for names of licensed brokers, address and phone numbers of their other offices in other states.
6) Don't agree to anything that a reseller tells you over the phone. Some resale companies might claim your property is in demand and a buyer is already waiting. The abundance of timeshares on the market makes this situation unlikely; in fact there are more sellers than buyers.
7) File a complaint if you think you have been a victim of fraud. Go to the Better Business Bureau or the attorney general’s office.
8) Visit this site (http://www.vacationbetter.org/selling-your-timeshare) This American Resort Development Association offers advice and more tips.
These are just guides to help those who want to get rid of their timeshares. It’s within your prerogative to follow them.
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