Timeshare Selling is the Answer

The year 2008 marked a significant sales drop in timeshare sales. Millions of dollars were declared as timeshare loss by some of the top hotel chains in the world such as Marriott Intl., Wyndham Resorts Worldwide, Starwood Hotels & Resorts Worldwide, Inc., Manhattan, etc. in 2009, timeshare continues to drop at 40 per cent according to the American Resort Development Association. The untoward incidents also decrease the chances of trusting timeshares once again. The events were simultaneous with timeshare owners who have been affected by the ongoing economic depression and this urged them to sell their timeshares.

Timeshare owners have been in a hurry to dispatch their units. Primarily because they no longer can sustain the mortgage fees and maintenance fees that are paid annually. Owners would do everything just to sell their timeshare as quick as they can. And so, many scammers take this opportunity to trick owners.

Here are some guidelines as to how you can safely and successfully resell your timeshare.

Many have been tricked with a deceptive dealer who calls up timeshare consumers and pretends to be from a reliable agency. Be extra careful on this. Do not right away give your credit card number for an upfront fee. You have to check the company that that person is representing. Check the Better Business Bureau’s (B.B.B.) Reliability Report at www.bbb.org.

Make sure that the timeshare reseller’s company exists. It means that scammers can use fake addresses or PO boxes to fool timeshare owners. Determine where exactly the company is operating. In the same way, verify the reseller’s company with the state licensing board.

When you sell something you actually want to get profits, right? And how can you profit if the timeshare reseller asks you for upfront fees that reaches a thousand dollar? The charges may not be reasonable at all. It is better to look for a company that does not charge of any selling fee.

When there are too good to be true offers, it’s best to ask for the salesperson to send you the hard copies. Remember that you are not pressured or even compelled to agree right away on the contract. In this part, when a salesperson tells you that there is a huge market for timeshare, it’s a clear indication that he or she wants to screw you up.