Be wary of the Too-Good-To-Be-True Claims When it Comes to Resales The company's salespeople are likely to claim that the timeshare resale market in the area where your resort is located is "hot" and that they are being overwhelmed with buyer requests for your resort. In some cases, the salespeople may even tell you that they have a buyer waiting in the wings who wants to buy your timeshare. Be skeptical of these types of claims. Remember the timeshare resale market is likely not "hot" and it is unlikely that there is a buyer ready and willing to buy your timeshare.
Consider Other Options When it Comes to Resale You may want to try selling your timeshare "by owner", by placing an advertisement in a newsletter or magazine read by potential timeshare buyers. Or you may want to list your timeshare with a licensed real estate broker in the area where your resort is located. As an alternative, you could contract with a company which allows you to exchange your timeshare for a unit in a different area.
Question Why You Have To Pay The Up-Front-Fee Most timeshare resale companies require you to pay a hefty advance listing fee before the advertising/marketing of your timeshare can take place. You should question what the fee is for, and what the company’s refund policy is regarding these funds. In the alternative, you may want to opt for a company which will wait for its fee until the resale of your timeshare occurs.
The Florida AG website contains great information for consumers who want to learn about the secondary market for timeshares. You'll also find updates on current litigation, press releases, as well as an area where consumers can easily report cases of timeshare related fraud! Click HERE to visit the Florida Attorney General website.