Tips While Owning That Timeshare

The economy has started to fall, and you are still paying for the fees of that 1980s timeshare of yours. You already got tired of paying for the mortgage and maintenance fees. Your last resort is to dispatch that timeshare as soon as possible.

Usually, writers write about tips before purchasing a timeshare. There should also be tips while owning that timeshare for you not to be scammed by unscrupulous individuals or companies.
You have to know that there is an agency at your timeshare location that goes by the name Real Estate Commission and the Correspondence Branch. The former organization answers questions regarding the timeshare unit that you currently have.

The influx of timeshare resale markets has also enticed dishonest companies to collect huge sums of money from you. Scamming companies with their respective scammer representatives have spread across the world and unfortunately are surrounding near timeshare owners. They usually ask for upfront fees with the promise to sell your timeshares the quickest and easiest way possible. Consult Better Business Bureau (BBB) and ask whether the company that offers you such promises owns a permit and shows a satisfactory rating.

Scammers usually deceive timeshare owners through over the phone talks. The talks may offer you another ‘hot’ resale market for your timeshares which is absolutely not true for timeshares that have limited market. Take note that the resale market is very weak. In fact, 870,000 U.S. timeshare units out of the 1.5 million are active on the list of the secondary market. 845,000 from the 870,000 are priced between 30%- 50% of its original prices. The scammer might ask for upfront fees, so beware of it.

To add up, only 3 percent of the timeshares were sold over the last 20 years. And of course, the prices of those timeshares are much lesser than the original cost. And so, it gives us a clear view of why scam resale companies’ hot resale deal is untrue.

In the first place, you purchased your timeshare because you wanted to have a secured vacation of your own. So, why must you give it up? But if you can’t help it, call the legitimate timeshare resale companies that do not require any advance fees to resell your timeshare. There are legitimate and available sites such as Resort Rentals By Owner (RRBO.com) that eases financial burden on your part by listing your company as available for rent. By that, renters who would love to experience timeshare can easily locate yours. And by that, you are assured with the payment for the cover-up expenses of your maintenance fees.