How Do I Sell My Timeshare without Paying Upfront Fees?
Due to their low resale value and notorious complicated market, the number one goal of many timeshare owners is to get rid of their timeshare as quickly and affordably as possible. Since the timeshare resale market can get confusing and timeshare resale scams are on the rise, we often get asked “how do I sell my timeshare without paying upfront fees?” The answer to this question can get a little tricky, but it is possible.
When research options to get rid of your timeshare it may seem like everyone wants you to pay something upfront, and to a degree this is true. The difficulty comes in determining which fees are understandable and which ones cross the line into unnecessary and potentially fraudulent. It can be difficult to tell sometimes, so some things to keep in mind in order to avoid unnecessary upfront fees and protect yourself from fraud include:
- Will they disclose what the fees are for? Necessary upfront fees should be used for administrative purposes like paperwork and title transfer services.
- How much are the fees? Generally, accepted fees shouldn’t range more than $100.
- Are they making other strange claims? If they are showing other signs that they may be a timeshare resale scams, like making exaggerated claims or promising to already have buyers lined up, you should move along.
- Is the company reputable? Do some research on the company you are talking to. If they have higher than average fees but are a solid company, proceed with caution.
These are just some of the things you can do to keep upfront fees low. However, there are some companies out there that don’t offer any upfront fees at all! This allows them to not only ensure they sell your timeshare, but also provide you with a satisfaction guarantee. You don’t pay them until they sell your timeshare, which is exactly how it should be.
How Do I Sell My Timeshare for Fair Market Value?
One of the biggest concerns that people have when they are looking into getting rid of their timeshare is getting the most money as they can for their property. Timeshares aren't cheap, so people often want to try to recoup at least some of this money when they choose to sell. However, there are some really important things that you need to know about the value of your timeshare, and the real question you should be asking isn't "how can I get the most money for my timeshare", but rather "how do I sell my timeshare for fair market value?"
Timeshares vary in price based on their size location, and amenities and can be anywhere from $2,000 to over $20,000 when first purchased. Since they are considered legal pieces of real estate, it isn't unreasonable that owners would think they are making an investment when they purchase these properties. Unfortunately, timeshares behave more like cars than property in terms of value, which means the longer you have it the less it is worth. This means when you go to sell a timeshare you can only hope to get fair market value for your property, which is a fraction of what you originally paid.
Fair market value is the average amount that your timeshare can sell for on the secondary market. Since the resale market is buyer driven, your timeshare is only worth what they are willing to pay for it. Since this is often far less than what you could ever hope to get for your property, it should be a pretty low priority.
How Do I Sell My Timeshare and Avoid Scams?
Timeshare resale scams are fast becoming the number one consumer complaint in the country, even nudging out credit card and insurance fraud. So it is no wonder that so many people want to know “how do I sell my timeshare and avoid scams?” It is becoming more and more difficult to keep up with the tactics these crooks use to scam people out of their money, but there are some ways that you can identify these frauds before it is too late and successfully sell your timeshare.
Even though timeshare resale scams often change their tactics in order to avoid being found out by wary timeshare owners, many of them follow similar patterns. This is good news for you, since it allows you to more easily identify them. Some signs you may be walking into timeshare resale fraud include:
- Unsolicited contact – Only discuss your timeshare with companies that you have requested to contact you. Timeshare resale scams may have gotten a hold of your information while you researched other companies, so make sure you know who you are talking to.
- Exaggerated claims – The timeshare resale market is very fickle, and right now there is far more supply than demand. So if a company claims the market is booming, that they have buyers already lined up, or that they can sell your timeshare extremely quickly, be wary.
- Poor track record – If a company has a poor rating with the Better Business Bureau, outstanding complaints, or a short history, move along.
- High-pressure – Timeshare resale scams often use high pressure tactics to get you to commit to their services before you have a chance to do any research on them. A reputable company will give you all the time you need to check them out.
- High upfront fees – It isn’t unusual for some companies to want a small amount to get the ball rolling, but if a company wants several hundred or thousands of dollars from you up front, they are probably fraudulent.
At one point I even wonder how do I sell my timeshare safely, affordably, and quickly, and this is how. By keeping these things in mind when talking with timeshare resale companies you can protect yourself, sell your timeshare, and be on the road to freedom in no time.
Top 5 Red Flags You May Be Walking Into A Timeshare Resale Scam
Timeshare resale scams were ranked #4 on the Better Business Bureau’s list of top business frauds for the last year, which means that they are frighteningly common. How do you know whether or not a company you want to work with to sell your timeshare is reputable and not a total fraud? Here are the top 5 signs you may be walking right into a timeshare resale scam and how to find a company that will successfully sell your timeshare without ripping you off.
Sign #1: Exaggerated claims.
If the company you are talking to makes “too good to be true” claims about the state of the resale market, the amount of potential buyers they have, or the time in which they can sell your timeshare, you might be walking into a timeshare resale scam. A reputable company may be able to quickly sell your timeshare, but they will be honest with you about the how slow the market it and that it make take some time to sell your property.
Sign #2: Steep upfront fees.
If the company you are talking to requires you to pay ridiculous upfront fees to sell your timeshare, you might be walking into a timeshare resale scam. This is the main way that these frauds make their money, because timeshare owners are desperate to get rid of their properties that paying hundreds, even thousands of dollars to get rid of a timeshare that will cost them more than that seems like a great deal. Only these companies never sell your timeshare and essentially take your money leaving you responsible for your property. A reputable company will never charge more than $100 in upfront fees, if they charge anything at all. Some companies don’t require you to pay for their services until they sell your timeshare and you are 100% satisfied.
Sign #3: Vague details.
If the company you are talking to refuses to give you the details of how they will sell your timeshare or how much it will cost until you commit to working with them, you might be walking into a timeshare resale scam. A reputable company will give you any information you need upfront in writing and answer any questions you may have before you agree to work with them.
Sign #4: There are foreign escrow accounts involved.
If the company you are talking to mentions that upfront funds will be held in foreign escrow accounts, you may be walking into a timeshare resale scam. It is common practice for any upfront fees or costs to be held in escrow when selling a timeshare, but it is important that they are held in domestic accounts. The worst of the worst of these scams will deposit funds into accounts in countries like Mexico, where escrow laws are not observed or enforced, allowing them to take your money and disappear.
Sign #5: Little information available.
If the company you are talking to has little information available about them, you might be walking into a timeshare resale scam. Just because you can’t find any bad information about the company doesn’t mean that they are good. This usually means the company is new, which could mean they are just a new company but it could also mean they don’t intend to be around for very long either. Many timeshare resale scams are created, take as much money as they can as quickly as possible, and disappear. Make sure the company not only has plenty of positive feedback and a solid track record of selling timeshares, but are registered and have a solid rating with the Better Business Bureau.
How to Find a Reputable Timeshare Resale Company: Tips for Selling Your Timeshare
When choosing a timeshare resale company, the most important thing is to make sure you are working with one that has a reputation for providing results and successfully helping people sell their timeshare. Unfortunately, scams are one of the most prominent problems in this industry, so there is no better precaution you can take than working with a reputable company. In order to help you accomplish this, we have created this quick and easy guide on how to find a company that can not only provide you with results, but also do it quickly!
Step 1: Do some research.
As with any company you are considering hiring, it is important to take the time to do a little bit if research. They say that people will complain about poor service before the will brag about a positive experience, and this is definitely true of timeshare resale companies. It isn’t difficult to find out which one’s have a bad reputation, but finding one that has a particularly good one will take a little bit of digging.
Step 2: Make a list.
If you find a company that looks like it has everything you are looking for, write it down and keep looking. Once you have a list of about 4 or 5 companies then it is time to compare them to find the best fit for you. Each company will offer different benefits (and pitfalls) and it is important to find the company that will serve all your needs, because after all, you are paying them to help you so they should provide the best service possible for you.
Step 3: Ask Questions and Compare
Do they charge upfront fees? How long does it usually take them to sell a timeshare? What happens if they can’t sell your timeshare? What is their sales process? Who do they sell timeshares to, companies or individuals? What aspects of the sale do they handle? These are all questions that should be answered to your satisfaction before you hire a timeshare resale company, and you should be able to get all these answers in writing before you make a final decision.
Step 4: Commit.
After doing your research, making a short list, and comparing companies it is time to commit to the company that you feel will best suit your needs in terms of sale speed, sales terms, and all around attitude of the company.
Insider Tips for Successfully Selling Your Timeshare
If you are trying to get rid of your timeshare property, chances are you have been struggling for some time to successfully sell your timeshare. The time it takes to sell your property on your own and the risks involved with hiring a timeshare resale company often cause people to become discouraged. I am here to provide you with some industry inside tips on how to best sell your timeshare and be rid of your property once and for all.
Many timeshare owners find themselves in discouraging situations, with maintenance fees and travel costs often rising above what it would cost to simply vacation in the same location for a week. It isn’t uncommon for owners to spend months trying to sell their property on their own with no luck, continuing to shell out hundred of dollars in fees for a property they no longer want or use.
It may seem obvious that the number one tip for quickly selling your timeshare is to bring in the professionals. Timeshare resale companies have a variety of resources that can open your property up to many buyers that you usually wouldn’t have access to. However, it is important to realize that just like hiring any other company, it is important to do you research before you agree to work with a timeshare resale company. Timeshare resale scams are some of the most common business frauds out there, and taking the extra steps to find a reputable company can not only help you sell your timeshare faster, but protect your wallet as well.
A great resource for finding reputable timeshare professionals is TimeshareSecrets.com. They have been working for years to find the industry’s most successful and honest companies and gathering them in one convenient location. Most of the companies they recommend don’t charge upfront fees for their services, are highly rated by the Better Business Bureau, and often will provide free advice if to help you sell your timeshare if they are for some reason unable to help you. This means that you satisfaction is 100% guaranteed, a statement that many others can’t offer you.
Their consultation is absolutely free. All you have to do is click here and answer a few simple questions about your timeshare and one of their resale specialists will review your request and match you with the company that will best suit your unique needs. There is no need to spend any more time or money on a property you no longer want, and with the right help you can sell your timeshare faster than you ever thought possible!
How Do I Sell My Timeshare Fast?
It is a common position that many timeshare owners find themselves in. Whether they no longer use their property or have found it difficult to continue to pay the ever-increasing maintenance fees, more owners than ever are now wondering "how can I sell my timeshare?"
The answer to that question depends on what your unique needs are. Not everyone is in a huge hurry to sell their timeshare and have the time and resources to hold on to it until the right buyer (and price) comes along. However, for many others the need to sell their timeshare fast is a necessity in order to rid themselves of the financial burdens and responsibilities associated with these properties, which is why many choose to enlist the aid of a timeshare resale company.
If you want to know how to sell a timeshare quickly and with as little hassle as possible, there are many companies out there who can hell you, the trick is finding the right one. Unfortunately, there are many timeshare resale scams out there that can cause huge problems for unsuspecting timeshare owners who don’t do their homework. It is important to do some research and know what kind of company you are working with, and to get the terms in writing, before you give them any money for their services.
Have you seen this... great resource that you can use to answer the question of “how do I sell my timeshare” at this website. They have helped over 65,000 timeshare owners like you find reputable timeshare resale companies that can assist with your timeshare resale in a professional and honest manner. The advice they offer is completely free, and many of the timeshare resale companies they recommend don’t charge upfront fees for their services, which means you don’t owe them a dime until they sell your timeshare and you no longer have possession of your property. There is no risk of falling victim to a timeshare resale scam when you entrust these highly rated companies. All you have to do is click here and answer a few simply questions about you situation and property and you can be on your way to being timeshare free in as little as 24 hours!
