GiveBackTimeshare.com’s Industry Expert Releases Seven Tips to Avoid Timeshare Scams
Florida-Based, veteran timeshare company, arms timeshare owners with valuable information for selling their timeshare
ORLANDO, Fla. (July 24, 2012) – Givebacktimeshare.com, a veteran timeshare company based in Central Florida, announces the release of seven industry tips every timeshare owner needs to know before selling their timeshare.
“We provide options when Timeshare owners’ life circumstances have changed and they are looking to trade-in their timeshare for something more suited for their lifestyle,” says Justin Moran, operations manager of GiveBackTimeshare.com. “We have a solution that allows them to only pay as they use it and eliminates liability for a product they can no longer use.”
The following tips are important when a Timeshare owner reaches the point of considering re-sale.
Tip 1:
Don’t agree to anything over the phone until you have done your homework. Be especially weary of unsolicited cold calls promising they have someone waiting to buy your timeshare. In almost every case, this is a sales tactic of a scammer. A new Florida Law spearheaded by Florida Attorney General Pam Bondi makes it illegal for telemarketers to use fraudulent tactics against timeshare owners. Don’t wait for the law to seek redress; do your homework so you don’t get scammed.
Tip 2:
Check for the company’s track record to see how long they have been around. If they are registered with the Better Business Bureau (BBB) it is a good sign, however, not a guarantee. Companies who attempt to scam people are constantly opening, then closing, to keep on the move and not get caught. By working with a company that has longevity, you are greatly increasing your chance of working with a legitimate company.
Tip 3:
Ask your customer representative for everything in writing so you can review the terms and have a copy before making any final decisions.
Tip 4:
Avoid high-pressure sales tactics. A common scam tactic is to say they have a buyer, but they will not connect you until you pay the “title fees” or “processing fees”. They may even provide you what appears to be a purchase and sale contract, but ask you to wire money to them rather than a legitimate title company. Most likely, the deal will fall through and then you will struggle to ever get them on the phone or you will constantly be told the closing is delayed. However, not all transactions are scams. It is acceptable to be charged a success fee if you are using a service. You will also typically have to pay for closing services just as in a regular real estate transaction. Just make sure that your funds are being held by a reputable source.
Tip 5:
Ask about the refund policies. Make sure you get them in writing. It is important to know that a refund policy from a scam is not worth anything. If the company can prove longevity, you are going to be safer.
Tip 6:
When in doubt, ask if they associate with a licensed real estate broker or agent that specializes in timeshare (nuances of timeshare are different than typical real estate transactions). Ask for your real estate broker’s license number. If they can’t get this for you, it’s a bad sign. Seek the assistance of a timeshare attorney.
Tip 7:
Ask how the process works, how long it usually takes, and if they have any references. Like any other business, working with a company with ties to a community and/or positive press increases the chances that you are working with a legitimate provider.
In the end, nobody gets excited about spending money to get rid of his or her timeshare but there are real options. Listing a timeshare for sale may work if you have a prime property. If you want to try selling the timeshare yourself, use known marketing websites with excellent BBB ratings and/or website traffic such as Timesharepartners.com, or SellMyTimeshareNow.com and always be sure to select a reputable Timeshare Closing Service that is a licensed title agency. If you don’t have the time to market your timeshare yourself, and don’t want to deal with the hassle, Givebacktimeshare.com offers a vast array of services uniquely tailored to fit your needs. For more information on ways to avoid timeshare re-sale scams, please contact us at www.givebacktimeshare.com.
About GiveBackTimeshare.com
After working with the largest players in the timeshare industry, our principals, veterans in the industry, realized that the timeshare industry was in desperate need of an ethical, experienced and credible company that has the ability to provide viable options and the ability to back up its promises. In addition, they witnessed timeshare owners being victimized by unscrupulous listing and marketing companies that charge an upfront fee based upon misrepresentations and false promises. These companies either didn’t do what they promised or charged an exorbitant fee; just to end up referring the work to experts like us in order to complete the transfers which they couldn’t complete themselves.
Our timeshare expertise, coupled with the relationships we have developed over the past decade in the industry and our financial wherewithal allows us to under promise and over deliver and provides us the ability to back our 100% guarantee with confidence. For more information, please visit www.givebacktimeshare.com.
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