Tips for Choosing the Right Timeshare Resale Organization

People get trapped in timeshare schemes for a variety of reasons. As easy as they are to fall into, they are difficult to escape. As a solution, some companies were created to provide timeshare owners with exit solutions. If you’re stuck and want out, you’ll be glad to know that help is available.

Whatever you do, don’t pay any upfront fees. A legitimate company won’t charge you any listing fees, relisting fees, advertising fees, or appraisal fees. Stay away from any resellers that do.

Will you benefit from acquiring the services of a resale company? If any of the following applies to you, you probably will:

• If you’re trapped in a timeshare for which you have no use.
• If you’re overwhelmed by excessive maintenance fees and other expenses.
• If you’re frustrated over not being able to sell the property on your own.
• If the property isn’t available on the dates you need it to be.
• If you’re divorced or widowed and can no longer afford the fees.
• If you’ve recently inherited a timeshare and have no use for it.

If you choose the right company, your name will be completely taken off of the deed. You will no longer be responsible for paying any more money after they process is complete.

Some resale companies might require you to pay the remaining fees on the timeshare for up to four months after the initial agreement date. This is just to make sure that everything is cleared for the new owner. Some entities might take immediate responsibility for all future maintenance fees and property taxes. Just do research to learn what exactly you will be responsible for.

Here are a few tips for finding the right resale service:

• Don’t give out your credit card number.
• Research a company before doing business with them.
• Never pay any upfront money – especially if the company doesn’t offer a written contract.
• Check and see if the company you’re interested in gives proceeds to charity.
• Visit the Better Business Bureau’s website to see if the organization has a high rating.
• See if the company offers you the chance to meet a representative in person.

There are a lot of scams in the resale market. Unfortunately, it’s almost impossible to sell timeshare all on your own. This is because the market is doing very poorly right now, and only individuals who are financially well-off can afford to buy timeshare. Of course, they are only interested in the best properties. A reliable resale company will have connections and affiliates that you do not have, and will thus be more likely to sell your timeshare than you.