But timeshares aren’t for everyone—hence the large number of incredibly cheap timeshare resales on the market. An old timeshare resale scam involves a random person / company calling you out of the blue and offering you a high amount to purchase your timeshare. However, there is a bunch of examples … I've researched the top companies who buy timeshares. There are several legitimate timeshare resale companies. It's not easy. Using the Internet, these companies are easy to find. Legitimate Companies That Buy Timeshares; Silverleaf Timeshare Cancellation; Pueblo Bonito Timeshare Cancellation; Vistana Timeshare Cancellation; Starwood Timeshare Cancellation; Tahiti Village Timeshare Cancellation; Bahia Principe Timeshare Cancellation; Cranberry Resort Timeshare Cancellation; GeoHoliday Timeshare Cancellation; Sheraton Timeshare Cancellation In some cases, the timeshare company will buy it back. Other con artists may masquerade as employees of legitimate and reputable companies. Timeshare Rental $2,395 ($342/night) Jul 10, 2021 thru Jul 17, 2021 Many resort-rich vacation areas, in addition, have local real estate companies that specialize in timeshares. Customers that sign up for this program can receive cash for their ownership interval, as well as discounts on airfare or vacations. Whether you’re looking to buy a new timeshare or sell your timeshare outright, here are a few organizations that will allow you to do so with ease. We are your local Florida home buyers, and we offer cash for houses in Florida. You’ll find numeric ratings, reviews, and discussion boards—there’s even a “Bargain Basement” section with timeshares under $500. Timeshare Buy Back is a legitimate company, but they will only buy back timeshares with the following companies: Hyatt, Hilton, Disney, and Starwood. Talk about options! by Davina van Buren  |  Updated September 6, 2020, 10 things to do besides skiing in Whistler, The best Festivals and Fairs in Tennessee, The best language schools to learn German in Berlin, Car Hire at Alicante Airport: The best companies. Sell My Timeshare is a legitimate company that specializes in timeshare resale and rental services. Now I could spend my time devising a list of all these companies that are ripoffs but I feel a list isn’t good enough. I understand that my permission described herein overrides my listing on any state or federal do not call list and any prior listing on the do not call lists of our partners and is optional. Legitimate companies provide simple perks, such as a free hotel room … A recent variation of the scam preys on owners of vacation timeshares in Mexico. We recently received a phone call from this travel company that is quite motivated to buy our package but we aren't sure if they are legit. In some cases, the timeshare company will buy it back. TimeshareExitCompanies.com is not a law firm. Hi everyone! One of the most popular timeshare resale scams out there is “out of the blue” phone calls from a company claiming to have a legitimate buyer for your timeshare. Many of them target likely sellers of timeshares, take advantage of their situation, and claim to have a serious buyer who is ready to purchase the property or promise they can sell it quickly for a good price. A dozen times or more a day, every single day, TUG gets a phone call, an email, or a new forum post from an individual who wants to know if "xyz company" is legitimate, as they were somehow contacted by them and told a very enticing story about either selling, renting, or getting rid of their Timeshare! See if the Company Will Buy it Back. However, there are many companies out there that advertise being able to transfer your timeshare quickly and without a hassle. Timeshare exit companies work with lawyers to cancel your timeshare and stop your future fees. Claims to work for satellite office of Resort Closings Inc. The safest way to sell your timeshare is through a licensed real estate broker because brokers are not allowed to charge an up-front fee to sell your timeshare. Some of the primary impediments to the growth of the legitimate timeshare resale marketplace are the rogue companies that are operating timeshare resale scams with no intention of helping owners sell their timeshares. > Get Rid of a Timeshare Without Ruining Credit, > Timeshare Cancellation After Rescission Period, > Walking Away From Timeshare Maintenance Fees, > Get Rid of Interval International Timeshare. He wants to know if there are any legitimate companies that can help him sell his timeshare. Your search will be very difficult because very few companies want to buy a timeshare. July 27, 2020 Facebook Twitter Email If you own a timeshare that you no longer want, you may be looking for reputable and legitimate companies that buy timeshares. Founded in 2003, SellMyTimeshareNow was created to help owners sell their unused timeshares. Sometimes a resort developer will take the timeshare back if you agree to pay them the equivalent of one- or two-year’s maintenance fees and are current on maintenance fees and don’t owe a mortgage. The company began with an office in Tampa, Florida and later opened an additional office in Merrimack, New Hampshire. Now I could spend my time devising a list of all these companies that are ripoffs but I feel a list isn’t good enough. For a free timeshare exit consultation, give us a call, submit a contact form or initiate live chat on the right side of the page. 1. They've never seen it and they don't care to. Our #1 recommendation is to work with timeshare exit companies that offer an escrow payment option so the exit company is not paid in full until after the timeshare is cancelled. Timeshares, sadly, are good on the buying side — you can buy them very easily — but they’re bad on the selling side. Owning a timeshare comes with many perks—primarily access to a swanky resort in a place that you love. Legitimate & Reputable Timeshare Resale Companies . They don't require us to give them any money up front and from looking online they are a legitimate travel company.. Buying for a National Company – This new scam involves an individual or phony company contacting you out of the blue and telling you they are purchasing timeshare for their large, corporate company. You can purchase a timeshare from an individual owner, timeshare developer or outright from a resort. BuyaTimeshare.com is one of the oldest timeshare resale companies in the world, however. The scammers often use the names of legitimate, licensed businesses in the United States, though the companies may be inactive. Timeshare Resort in Mexico (Photo: Kirt Edblom via Flickr/ CC BY-SA 2.0). Timeshare Companies, Timeshare Resale and Rental Marketing, Real Estate ... (941) 922-3808. If you’re a homeowner in South Florida who is looking to sell your house fast, chances are you’ve seen all kinds of ads and marketing from companies that buy Florida houses for cash. When you visit their web site you find numerous articles, tips and advice on everything related to timeshare ownership including buying … However, a red flag occurs when companies … A company by the name of Global Business Consultants is currently running this scam as of 11/25/19. Even if you love your timeshare, anything you buy that is hard to ever sell is not a valid product in a market. Once you pay the up-front “listing” or “advertising” fee, there is a very good chance that no one will ever buy the timeshare and you will be out the “listing” or “advertising” fee. Let’s take a … They are known to be the first and largest timeshare owner network. I got a question from MH on Facebook. Magical Realty, LLC The RCI has extra weeks that I can use if the person that I use them for goes to a presentation. SellMyTimeshareNow has more than 75,000 timeshare rentals and resales in their database and boasts partnerships with brands such as Marriott, Hilton, Disney and Wyndham. Before you leave, do you have any questions I can answer? There should be a market both to buy and sell something. If you think your property qualifies contact us via the submission form to the right or give us a call at 1.800.965.6565 . Legitimate companies that buy timeshares do exist, but so does timeshare fraud. ... Timeshare companies that support TUG. While that may seem like an excellent option for you, it is essential to do your research on the company to see if they are legitimate and have done precisely what they have said they would do for other timeshare owners. ... Legitimate fees are typically paid after the sale is concluded or are deducted from the sale price. Legitimate Timeshare Resale and Rental sites for owners. BBB Accredited Timeshare Resale and Rental Marketing in USA. Those are two key signs of timeshare resale scam — and someone you don’t want to do business with. Non-Legitimate Timeshare Buyers. These companies are not like real estate brokers who work for a commission to sell your property but rather as an advertiser that charges you $900 for one listing, that is way overpriced. There’s also a map on the home page that shows locations of timeshares in every continent except Antarctica. You’ll find numeric ratings, reviews, and discussion boards—there’s even a “Bargain Basement” section with timeshares under $500. I feel it better to let the readers of this article share their stories about these companies. See if the Company Will Buy it Back. Legitimate Timeshare Resale and Rental sites for owners This page is a list of frequently mentioned Timeshare Resale and Rental sites used by Timeshare Users Group members! The company guaranteed timeshare owners hefty returns if they moved quickly on the offer. However, timeshare brokers work on commission, so if your timeshare has no value, as many do not, a timeshare broker will not have an incentive to sell your timeshare. When you look to do business with legitimate and reputable timeshare resale companies, there are a few things to consider to give yourself the best chance to sell your timeshare and protect yourself during the process. The List Of Timeshare Scam Companies. We like to recommend timeshare exit companies that offer a low up front fee escrow payment option, so you are protected from scams. I got a question from MH on Facebook. With more than 4,000 resort choices in 1,300 destinations, it’s one of the most popular timeshare services out there. I acknowledge that this consent may only be revoked by email notification to info@timeshareexitcompanies.com. Your search will be very difficult because very few companies want to buy a timeshare. Let’s take a look at them below. In one recent case, Vacation Property Services claimed to represent big-name companies eager to buy timeshares for business travel and events. Unlike a new car that retains some of its value, a timeshare often doesn’t much value at all unless it is a Disney Vacation Club or a high value timeshare in Hawaii. Many names are tossed around, such as RCI Resorts, Westgate, Wyndham, Timeshare Exit, or Redweek, but we will show you how the scams work exactly. They were able to obtain the information of potential victims through various sources, including acquiring the lists from legitimate timeshare advertising telemarking companies. In addition to timeshares for sale, rent and exchange, Timeshare Users Group’s easy to navigate website offers timeshare for sale, rent or exchange. By providing my contact information I am giving TimeshareExitCompanies.com and its partners permission to contact me about this and future offers using the information provided including calls and text messages to my wireless telephone numbers. The con artists also create slick websites that appear real or … Bluegreen is a company that specializes in timeshares and adventure vacations, and it was founded in 1966. There is an organization called the Timeshare Users Group. Just to say these companies are all scams is not good enough. Some have exit programs of their own that can assist you with a timeshare cancellation. If your timeshare is with one of these companies then a third party buy back program may be for you. The rest of the year, others own the timeshare and use it as they’d like. We have been approached to sell out Mexico timeshare. Resort Closings Inc is a legitimate … While there are other timeshare resale companies out there, our advanced marketing techniques drive thousands more buyers to our online marketplace than anyone else. Founded in 1993, this family-run organization focuses on providing unbiased, customer-focused information for those interested in various aspects of timeshare living. Top Ways To Avoid Timeshare Resale Scams . If you own a timeshare that you no longer want, you may be looking for reputable and legitimate companies that buy timeshares. BBB Start with Trust ®. I acknowledge that this consent may only be revoked by email notification to info@timeshareexitcompanies.com. It was created in 2000 to give timeshare owners an online outlet to sell or rent out their timeshare to potential buyers and renters. The scammers often use the names of legitimate, licensed businesses in the United States, though the companies … There’s also a map on the home page that shows locations of timeshares in every continent except Antarctica. While that may seem like an excellent option for you, it is essential to do your research on the company to see if they are legitimate and have done precisely what they have said they would do for other timeshare owners. However, there are many companies out there that advertise being able to transfer your timeshare quickly and without a hassle. This brand-new timeshare rental service came online in August 2020, and boasts a colorful, easy-to-navigate site that is chock full of information about the company and how it works. Scammers promising to buy man's timeshare con him out of $24K. Even if you love your timeshare, anything you buy that is hard to ever sell is not a valid product in a market. They cost $399 each and you get 12 extra weeks a year. Recently, a resident of Madison, WI, Darren Kittleson was scammed out of more than $24,000 by a timeshare exit company offering to buy his week at the Garza Blanca Resort in Puerta Vallarta, Mexico. It typically does not go up in value after you purchase it. This is … Please be aware that only about 5-10% of timeshares fall into this category. Kittleson, a real estate professional for 30 years, was fooled by the timeshare exit representatives who were posing as a legitimate timeshare exit company. Get a Quote. We typically like to recommend timeshare exit companies that offer an escrow payment option, so the timeshare exit company does not get paid in full until after your timeshare has been cancelled. Yes, you could lose money. Getty. Many timeshare resale scams operate the same way. And let’s face it: sometimes life simply gets in the way. Most legitimate timeshare exit companies do not cold call customers out of the blue like this, so our alarm bells began to ring. Head over to Ebay and do a search for “timeshare.” You will likely see many timeshares being advertised for sale for as little as a $1 with no bids. However if you happen to own one of these we will make you an offer. There are some companies that buy timeshares that owners want to sell. ARDA. Buying from an individual owner versus a property developer or resort often leads to a better price, as you can avoid some fees. There are news reports from literally all over the country about people get ripped off — scammed — by what are known as timeshare exit companies. We buy houses in Florida. I have a question about a company who is calling and asking for my extra RCI weeks. How To Get Rid of Marriott Timeshare / Vacation Club, American Resource Management Group Review, How to Get Rid of a Timeshare Without Ruining Credit, How To Cancel Grandview Las Vegas Timeshare, How To Get Rid of a Timeshare Inherited From Parents, How to Cancel Bluegreen Timeshare Contract, Interval International Timeshare Cancellation, Kings Creek Plantation Timeshare Cancellation, Timeshare Cancellation After Rescission Period, What Is The Average Cost To Get Out of a Timeshare, Walking Away From Timeshare Maintenance Fees, How To Cancel Royal Holiday Club Timeshare / Vacation Club. Often, time-share companies are unwilling to buy back sold units, and reselling a time-share can be difficult. The timeshare owner further went on to tell us that Fastest Exit told him that it got a full list of all 40,000 members of Club Solaris from the Profeco Consumer Protection group of Mexico. It’s more like a new car where it loses value the second it is purchased. There are many common tactics that these fraudulent companies use to convince consumers to sell their timeshares. I also consent to use of emails and the use of an automated dialing device and prerecorded messages. Companies typically offer prizes to lure clients to timeshare presentations. This is rare, but it does happen. Many resorts, especially upper-end timeshares, have favored relationships with local brokers, so they will offer referrals. Share your voice on ResellerRatings.com Third party buy back programs make up only 6% of all timeshare buy backs. When you're looking into selling your timeshare on the resale market, do your research. In addition, timeshare maintenance fees typically increase annually, and you can also get hit with special assessments by local governments. Timeshare Buy Back is a legitimate company, but they will only buy back timeshares with the following companies: Hyatt, Hilton, Disney, and Starwood. Since 2015, we've generated $478,549,707 in offers to rent or buy timeshare resales and more than 10.1 million unique visitors through our family of websites. Some use their timeshare exclusively for themselves, while others rent out their timeshare on popular home rental sites like Airbnb or VRBO. Timeshare exit scams have become a big business in recent years. Your guide to trusted BBB Ratings, customer reviews and BBB Accredited businesses. Our goal is to help timeshare owners find a reputable timeshare exit company to work with. If your timeshare is with one of these companies then a third party buy back program may be for you. Many Americans are wondering how to get rid of their timeshare in a pandemic. His phone number is(###) ###-#### We would like to investigate to see if this is a legitimate offer. If you like the thrill of discovering new locales, you may get bored revisiting the same place year after year. This became particularly true after the recession hit in late 2007. They are using an attorney from Las Vegas, NV to finalize the paperwork. Much like Amazon or eBay, users list their timeshares themselves and people offer bids. He presented her with offer to buy her timeshare and said his associate Ginger Young would contact her to begin the closing - claiming Young worked for legitimate escrow company Resort Closings Inc. Mark Diaz Uses website decolarmx.com (Decolar.com is a legitimate website) 1-80-728-1292 Fax: 1 … However, if you have a favorite place that you never tire of, such as a beach, ski town or theme park (like Disney), timeshares can be a good thing. 668 reviews for BuyaTimeshare.com Reviews, rated 4.79 stars. This person will usually offer you more than the amount that you originally paid for your timeshare to get you excited. Buying a timeshare vacation rental has often been fraught with fraud. So, rather than looking for reputable companies that buy timeshares, you may want to reach out to a timeshare exit company instead if your resort won’t take the timeshare back. Much like Amazon or eBay, users list their timeshares themselves and people offer bids. One of the most notorious timeshare ripoff cases is the Mexican Timeshare Scam, aka the Timeshare Resale Scam. Typically, a timeshare exit company will charge more than $2,000 for its services. It is literally 1/10 of what I paid! If you're considering buying timeshare resale, know that we at Fidelity are Licensed Real Estate Agents who specialize in timeshare resales and connecting buyers to sellers—it's what we do best! These sites should NEVER charge you any significant upfront fees (or any fees at all for that matter), but have been used successfully and recommended by existing TUG members! As a trusted member of The American Resort Development Association (ARDA), the company is backed by top developers and has an A+ rating with the Better Business Bureau. By providing my contact information I am giving TimeshareExitCompanies.com and its partners permission to contact me about this and future offers using the information provided including calls and text messages to my wireless telephone numbers. A+. We researched the best companies from which to buy and sell timeshares based on fees, reputation and services. The List Of Timeshare Scam Companies. They are known to be the first and largest timeshare owner network. Learn more about escrow and why it’s important here. The company caters to more than 175,000 owners and … 2. > How To Get Rid of a Timeshare>Timeshare Cancellation> Timeshare Mortgage Cancellation> Get Rid of a Timeshare Without Ruining Credit> Get Rid of a Timeshare In Florida> Timeshare Cancellation After Rescission Period> Get Rid of a Timeshare In Florida> Walking Away From Timeshare Maintenance Fees> Get Rid of Bluegreen Timeshare?> Get Rid of Vacation Village Timeshare?> Get Rid of Grandview Timeshare?> Get Rid of Vidanta Timeshare?> Get Rid of Vistana Timeshare?> Get Rid of Marriott Timeshare?> Get Rid of Hilton Timeshare?> Get Rid of Manhattan Club Timeshare?> Get Rid of RCI Timeshare> Get Rid of Interval International Timeshare. ... cater to the entry level and intermediate level timeshare individual and are a must read for anyone thinking of buying or selling a timeshare and those who want to make the absolute most out of their timeshare experience! However, a recent Kiplinger article sheds light on how these companies are using fear to get elderly consumers to pay massive upfront fees. You’ll pay this bogus fee and the company will disappear with your money and never buy your timeshare. I’ve long said that timeshares are defective products. Learn more about escrow and why it’s important here. Are they legitimate? Legitimate & Reputable Timeshare Resale Companies . The one who floats to the top of the heap has a formula already laid out telling me what they're willing to pay me for my Polo Towers 2-bedroom lock-out, for instance. Most charities won’t even want your timeshare if you were to offer it to them for free. Be careful when talking to your resort developer because they will likely try to sell you more timeshare rather than help you cancel your current timeshare. Charities don’t want them for free because they don’t want to be on the hook for the rising maintenance fees. While it is hard to find companies you can trust in a saturated market, you can trust Fidelity. Before working with a timeshare exit company, give your resort a call and see if they will take it back. If all these timeshares are advertised for a dollar and no one is buying them on the resale market, why would a company want to buy one from you? They conduct research on the industry every year and analyze trends, as well as monitor for legitimate (and illegitimate) resale companies. He wants to know if there are any legitimate companies that can help him sell his timeshare. When you look to do business with legitimate and reputable timeshare resale companies, there are a few things to consider to give yourself the best chance to sell your timeshare and protect yourself during the process. Always contact your resort or timeshare developer first before contacting a timeshare exit company. A sure-fire way to tell if a company is reputable is if they are recognized by the American Resort Development Association (ARDA). Read real customer ratings and reviews or write your own. Need some proof? Your timeshare contract should talk about buybacks. Thank you, Jeff Full List of Timeshare Scams Below Legitimate companies that buy timeshares do exist, but so does timeshare fraud. I understand that my permission described herein overrides my listing on any state or federal do not call list and any prior listing on the do not call lists of our partners and is optional. … Best Timeshare Exit Companies. Legitimate timeshare resale companies are not the enemy. The steep economic downturn caused time-share sales to decline sharply, leading to … At SellMyTimeshareNow.com, we take pride in offering you affordable online advertising to help you sell or rent out your timeshare. Timeshares Only has been helping buyers, sellers and renters of timeshare resale for more than 25 years. Despite the number of scams out there, many resale companies strive to provide real, valuable services to timeshare owners and vacationers. Timeshares use their ‘A’ rating with the Better Business Bureau to give you a false sense of security. Legitimate companies provide simple perks, such as a free hotel room or gift card, in exchange for your presence at a sale’s pitch. These companies do not buy timeshares or advertise your timeshare for sale. Seeing a gap in the market, the company invested heavily in digital marketing and technology (such as immediate online booking for potential renters), which attracted a new generation of buyers used to finding deals online without having to sit through a resort sales presentation. Contact us to receive a free timeshare exit consultation. Legitimate Companies That Buy Timeshares. Timeshare resale companies will make you believe that your timeshare has value, and all you need to do is pay them an up-front “listing” or “advertising” fee to sell the timeshare. If you think this is a bad summer for travel, then consider the predicament of timeshare … The nation’s longest standing timeshare exit company with an unmatched 15-year track record of success; Earned and continually maintained an A+ rating with the Better Business Bureau; Hundreds of five-star reviews at Google, Trustpilot, SoTellUs and the Better Business Bureau; 2018 Finalist for the Better Business Bureau Torch Award for Ethics Timeshare exit companies typically charge upfront fees ranging from $2,500 to $10,000 and promise a money-back guarantee if they don’t get an owner out of a … … When you visit their web site you find numerous articles, tips and advice on everything related to timeshare ownership including … Marriage, divorce, the birth of grandchildren, or health issues are just some of the reasons why people many not want to keep their timeshare. Once you’ve agreed to sell your timeshare to them, they will ask for a bogus fee to cover a “transfer fee” or a “paperwork fee”. The attorneys name is***** # 12903. If you can’t find them, neither can a buyer. 10351 Saddlebow Ln, Sarasota, FL 34241-8574. I also consent to use of emails and the use of an automated dialing device and prerecorded messages. Is SellMyTimeshareNow a scam? The reason for this is that timeshare is not an investment like traditional real estate. We appear on page one Google searches for numerous search terms such as “buy timeshares”, “buy a California timeshare”, “timeshares for sale” and several more. Instead of purchasing an entire property outright, timeshares allow you to own a certain amount of time per year in one condo or apartment (typically a week or more). My husband and I attended some meetings with several different companies that will buy our timeshare for a cost of approximately $3,000. Their customer service motto proclaims, “We work with you until it’s sold,” and the company also offers an exclusive maintenance fee relief program called TO GO that helps owners put money back in their pockets while waiting for the right buyer. We review all the different timeshare exit companies for you so you can avoid scams. Note that they likely won’t give you full price in a buyback. ARDA is the trade association for timeshare and ensures that owners, buyers, and sellers are protected from scams in the industry. Some companies buy them back, others don’t. Giving the timeshare back to the resort will always be cheaper than working with a timeshare exit company. Again, alarm bells. The company offering to buy the contract is Agoda. KOALA connects renters directly with timeshare owners and only charges a 5% booking fee (included in the booking total). There is an organization called the Timeshare Users Group. This person might say they have a buyer waiting, but need funds to close the sale first. The scam website looks legitimate, however none of their listings take you to a webpage … If you decide to sell, you can do so by yourself or via several timeshare selling platforms, whose fees and services vary. Several different companies that buy timeshares or advertise your timeshare and ensures that owners, buyers sellers! Llc legitimate companies that buy timeshares for business travel and events the will. Get elderly consumers to sell their timeshares themselves and people offer bids rising maintenance fees scams! Articles, tips and advice on everything related to timeshare owners and only charges a 5 % fee... Included in the world, however special assessments by local governments any legitimate that! Sale first convince consumers to pay massive upfront fees typically paid after the recession hit in 2007. The American resort Development association ( arda ) get rid of their own that help! 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