Is there a reputable company that will help a consumer sell an unwanted timeshare?
Has anyone successfully sold an unwanted timeshare property? If so, through what company? I am aware that there are a lot of companies that scam people out of money under the guise of trying to sell a timeshare, but is there a reputable company that can buy a timeshare from a timeshare owner? One that doesn’t require a payment up front to "place an ad" or "for closing costs?"
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Tagged with: closing costs • guise • money • reputable company • timeshare owner • timeshare property
Filed under: Selling Timeshare
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If there is a mail box or a community bulletin board at your home resort, you can put a “For sale” sign. This will pressure the developer specially if they sell it for $20,000 USD and you offer it for $5,000. Sometimes on the fine print of some sale agreements says that the developer has the first right to buy if your place is ever sold. I have heard of developers paying the money (as long as is not too much) just to take the sign out.
To resale or rent a timeshare is a hard task, the basic rule is not to pay money up-front, don’t be another victim of a scam.
Unfortunately over 50% of people that really need to sell their timeshare falls for this resale scams where they charge money upfront and less than 10% of them use their only real option which is to post it or offer it trough free advertising options as much and as many sites as they can (it is ok to pay a few dollars to post in a great place but no more that $20 to $30).
Timeshares do not have resale value and in most situations you would take a loss in what you paid for, as they resale for less than $2000 USD.
There are some free classified where you can post:
http://timeshareownerscommunity.com/
http://craigslist.com
http://ebay.com
http://recycler.com/
http://usfreeads.com/
http://www.inetgiant.com/
My advice to you is to contact the resort you purchased the timeshare through and ask them to buy it back from you or name a reputable company that will buy it back if they will not. Hope that helps!