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Avoid These Timeshare Scams

In the world of timeshare resales, there are the "good" guys and the "bad" guys. Unfortunately, the odds are stacked against you. With 15 years experience, we at Island Consulting Realty have seen just about every scheme and scam imaginable. So in deciding whom you should do business with, here's some tips on what to look for, and what to look out for:

  1. Never give an exclusive listing. You are only tying up your property on the hopes that only one company will be able to get the job done.
  2. Never, ever, ever pay a dime for anything. A legitimate resale brokerage should earn their commissions only after they have brought you a buyer. In the past few years we have seen companies charge fees for: listing fees, advertising fees, appraisal fees, etc., etc. Never pay an up-front fee for your listing.
  3. Be especially aware of the latest: Appraisal Fees. They are totally unnecessary in the world of timeshares and are nothing more than an excuse to charge you a fee. And yes, we know they tell you that you can supply your own. They are banking on the fact that you won't be able to and will use their "suggested" sources. And no, the "Bank" does NOT need an appraisal. (Call us at 800-809-6020 if you need more info on this.)
  4. Don't be fooled by familiar names. Some individuals will buy a franchise to a company you are familiar with. They will then use that familiar name in the hopes of gaining your confidence. It works well. There ARE legitimate companies trying to do the right thing. The "red flag" is if they ask you for money for any reason.
  5. Don't be fooled by promises of unrealistic selling prices. This is a familiar ploy to grab your listing. Most of the time you'll only see this with the companies who will then ask you for money for an appraisal, advertising fee, MLS fee, etc. After they've got your money, they then just go on to the next customer. Your "listing" is then filed away. Far away!
  6. Check if they are a member of the Better Business Bureau and what their standing with the bureau
 
Island Timeshare avoids all of these tactics. Our listing agreement is on-line so you can review it without any pressure from us. Click here to go to our listing agreement. Call Tom at 1-800-809-6020 if you have any questions. To find current market prices, visit Timeshares To Go.
   
 

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