Orlando, FL (PRWEB) June 01, 2012
Givebacktimeshare.com, a veteran timeshare re-sale company based in Central Florida announces the release of seven industry tips every timeshare owner needs to know before selling their timeshare.
“Our company is constantly trying to educate consumers about the fraudulent tactics that many timeshare owners fall victim to. Because of this, we’ve brought in our experts to release a list of must-have tips to help timeshare owners, looking to get out of a timeshare, avoid losing thousands of dollars by being scammed,” says, Joel Richwagen, director of operations, GiveBackTimeshare.com.
Don’t agree to anything over the phone until you have done your homework. Be especially weary of people calling to say they have someone waiting to buy your timeshare. In almost every case, this is a sales tactic of a scammer. A new Florida law affective in July 2012 makes it illegal for telemarketers to use the “We have a buyer waiting...” tactic. Don’t wait for the law. Do your homework.
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.
Ask your customer representative for everything in writing so you can review the terms and have a copy before making any final decisions.
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 fees. Most likely, the deal will fall through. No refund. It is acceptable to be charged a success fee if you are using a service. You will most likely have to pay for closing services just as in a regular real estate transaction.
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.
Deal with a licensed real estate broker or agent that specializes in timeshare (the laws and contracts are different than any other type of real estate). Ask for your real estate broker’s license number before the transfer and closing. If they can’t get this for you, it’s a bad sign.
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. For listings try Timesharepartners.com, or Redweek.com, or SellMyTimeshareNow.com or Ebay (make sure you have a good title transfer agency if you use a listing company or EBay). 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 http://www.givebacktimeshare.com.
After acting as legal counsel for the largest players in the timeshare industry, our principal and Chief Legal Officer, a licensed Florida attorney, realized that the timeshare industry was in desperate need of an ethical, experienced and credible company that has the ability to back up its promises. In addition, he witnessed timeshare owners being victimized by unscrupulous listing and marketing companies that charge an upfront fee. These companies either don’t do what they promise or charge an exorbitant fee; just to end up referring the work to experts like us in order to complete the transfer.
Our legal expertise, coupled with the relationships we have developed over the past decade in the industry and our financial wherewithal allow us to under promise and over deliver and provide us the ability to back our 100% Guarantee with confidence. For more information, please visit http://www.givebacktimeshare.com.