Timeshare Owners Complain on Companies with Unsound Business Practices

The wide spread of timeshare resale business practices throughout the world have threatened the timeshare community. The victims were complaining the said companies to the Better Business Bureau and to their respective Attorney Generals.

Recently, there were a total of 17 companies subpoenaed due to deceptive business practices. Orlando, Florida timeshare owner Ken Holstein was called up and was offered to sell his timeshare. The company that gave an enticing sales pitch is a Daytona Beach, Florida-based company, Seabreeze Advertising Corp.

The salesperson gave a hefty price tag for his timeshare that increased his interest in selling it. The representative was offering $15,500 which is doubling what he paid for $7,000.

He was asked to pay an advance of $884 for the advertising services and the referrals would follow.

Yet still, even when the reductions were active, nothing happened to his timeshare.

Instead of waiting, Holstein sold his unit for $4,000. He’s entitled to get a part of $884 which he paid upfront that they have agreed upon in their terms and conditions. Yet the company refuses to pay back.
With the help of the Better Business Bureau, they were rated as F. SBA Corp., had 51 complaints filed in BBB for the past 36 months.

Holstein has regretted doing business with them.

Attorney General Bill McCollum of Florida said that SBA Corp. has 31 consumer complaints.

Florida Attorney General Office Sandi Copes said that an ongoing investigation is looking out for these unscrupulous companies.
SBA Corp was called up by NBC’s I-Team. But the company did not return any calls.

Here are a few tips on how to protect yourself from these deceitful reselling companies.

Be wary of too-good to be true offers. This is a tactic where most people are trapped first.

Salespeople say that a timeshare is always in a hot market which in reality is not. Timeshares are hard to sell. There is few or almost no market for it.

Upfront fees are a big no no. A payment must only be settled right after the unit is sold. Otherwise, they might just get it and disappear.

Contact the timeshare licensing agencies to determine whether you are dealing with a true timeshare broker. Research on the company’s history as it might have received a lot of complaints. This is one smart way of transferring your timeshare.

Timeshare’s Wilting Deals

When someone decides to give up his timeshare nowadays, there is quite a hesitation to do so. Primarily because people love the timeshare benefits and privileges. The other reason why people stop advertising their timeshares is the ongoing scams surrounding the timeshare community.

Don Bishop from Mexico wishes to sell his Mexican timeshare yet the deal is not at all good for him. Bishop, who was from Tacoma, paid a company in order to list his condo. But all he got were stinky deals asking him to pay thousands of dollars in exchange of a word of mouth assurance of selling his unit as soon as possible. The caller asked $1900 for upfront fees and he fell into their pitfall.

Experts have been warning timeshare consumers to be aware of these enticing offers as this will only create another hassle with recuperating from financial losses.

Timeshare Sales and Agreements attorney, Douglas Wheeler, said that the best way to sell timeshares is to sell and advertise it yourself. It is much safer since you don’t have to pay anything for someone to do the so-called listing. Wheeler also suggests timeshare owners not to be desperate with getting rid of their units. He also recommended donating the timeshare to a charity.

Lucky for Don because he was able to get back the money he paid. Now, he has learned his lesson and he wants to share it to others telling them not to make the same mistake again since he knew how persistent these scammers were to him.

Once when Don was driving his car, a sales person tried to force him into a negotiation after calling him five times. The caller was relentless in performing his dirty tactics with Don.

The rising of scammers is inevitable and your only resort is to be careful on these deceitful people as they would really indulge themselves into your desperation.

A company named Transfer Smart helps timeshare owners in successfully transferring timeshare units. They have been in the business for quite sometime yet they were able to help 30,000 timeshare owners around the world. To avail of their services, one must be eligible to their requirements. Once you have passed, you are guaranteed of a 100% timeshare free life.