We review all the different timeshare exit companies for you so you can avoid scams. There’s also a map on the home page that shows locations of timeshares in every continent except Antarctica. There are several legitimate timeshare resale companies. 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. Scammers promising to buy man's timeshare con him out of $24K. 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 … They are using an attorney from Las Vegas, NV to finalize the paperwork. BuyaTimeshare.com is one of the oldest timeshare resale companies in the world, however. While there are other timeshare resale companies out there, our advanced marketing techniques drive thousands more buyers to our online marketplace than anyone else. The scammers often use the names of legitimate, licensed businesses in the United States, though the companies may be inactive. I acknowledge that this consent may only be revoked by email notification to info@timeshareexitcompanies.com. They don't require us to give them any money up front and from looking online they are a legitimate travel company.. Legitimate Companies That Buy Timeshares. However, a red flag occurs when companies … These companies do not buy timeshares or advertise your timeshare for sale. Using the Internet, these companies are easy to find. Learn more about escrow and why it’s important here. KOALA connects renters directly with timeshare owners and only charges a 5% booking fee (included in the booking total). If your timeshare is with one of these companies then a third party buy back program may be for you. ARDA is the trade association for timeshare and ensures that owners, buyers, and sellers are protected from scams in the industry. 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. 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. The scam website looks legitimate, however none of their listings take you to a webpage … There should be a market both to buy and sell something. Our goal is to help timeshare owners find a reputable timeshare exit company to work with. Timeshare Companies, Timeshare Resale and Rental Marketing, Real Estate ... (941) 922-3808. This person might say they have a buyer waiting, but need funds to close the sale first. They cost $399 each and you get 12 extra weeks a year. The rest of the year, others own the timeshare and use it as they’d like. Legitimate & Reputable Timeshare Resale Companies . 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? Many resort-rich vacation areas, in addition, have local real estate companies that specialize in timeshares. They are known to be the first and largest timeshare owner network. There is an organization called the Timeshare Users Group. Most legitimate timeshare exit companies do not cold call customers out of the blue like this, so our alarm bells began to ring. Founded in 2003, SellMyTimeshareNow was created to help owners sell their unused timeshares. In addition, timeshare maintenance fees typically increase annually, and you can also get hit with special assessments by local governments. 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. 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. The steep economic downturn caused time-share sales to decline sharply, leading to … TimeshareExitCompanies.com is not a law firm. When you visit their web site you find numerous articles, tips and advice on everything related to timeshare ownership including buying … Just to say these companies are all scams is not good enough. Timeshare exit scams have become a big business in recent years. Much like Amazon or eBay, users list their timeshares themselves and people offer bids. While it is hard to find companies you can trust in a saturated market, you can trust Fidelity. But timeshares aren’t for everyone—hence the large number of incredibly cheap timeshare resales on the market. A recent variation of the scam preys on owners of vacation timeshares in Mexico. A+. The reason for this is that timeshare is not an investment like traditional real estate. Bluegreen is a company that specializes in timeshares and adventure vacations, and it was founded in 1966. 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. The con artists also create slick websites that appear real or … Best Timeshare Exit Companies. 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. I acknowledge that this consent may only be revoked by email notification to info@timeshareexitcompanies.com. We have been approached to sell out Mexico timeshare. 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 … However, there are many companies out there that advertise being able to transfer your timeshare quickly and without a hassle. Sell My Timeshare is a legitimate company that specializes in timeshare resale and rental services. I've researched the top companies who buy timeshares. Some use their timeshare exclusively for themselves, while others rent out their timeshare on popular home rental sites like Airbnb or VRBO. The List Of Timeshare Scam Companies. The company guaranteed timeshare owners hefty returns if they moved quickly on the offer. We like to recommend timeshare exit companies that offer a low up front fee escrow payment option, so you are protected from scams. 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. 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. My husband and I attended some meetings with several different companies that will buy our timeshare for a cost of approximately $3,000. A sure-fire way to tell if a company is reputable is if they are recognized by the American Resort Development Association (ARDA). Get a Quote. Timeshare exit companies work with lawyers to cancel your timeshare and stop your future fees. Top Ways To Avoid Timeshare Resale Scams . 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. Is SellMyTimeshareNow a scam? 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 Legitimate companies provide simple perks, such as a free hotel room or gift card, in exchange for your presence at a sale’s pitch. Timeshares Only has been helping buyers, sellers and renters of timeshare resale for more than 25 years. Are they legitimate? Timeshare Buy Back is a legitimate company, but they will only buy back timeshares with the following companies: Hyatt, Hilton, Disney, and Starwood. 2. Always contact your resort or timeshare developer first before contacting a timeshare exit company. He wants to know if there are any legitimate companies that can help him sell his timeshare. Resort Closings Inc is a legitimate … Talk about options! 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”. 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. Your timeshare contract should talk about buybacks. In some cases, the timeshare company will buy it back. Other con artists may masquerade as employees of legitimate and reputable companies. You can purchase a timeshare from an individual owner, timeshare developer or outright from a resort. Share your voice on ResellerRatings.com 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. Despite the number of scams out there, many resale companies strive to provide real, valuable services to timeshare owners and vacationers. It typically does not go up in value after you purchase it. 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. 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. Getty. I also consent to use of emails and the use of an automated dialing device and prerecorded messages. We buy houses in Florida. Let’s take a … Most charities won’t even want your timeshare if you were to offer it to them for free. Thank you, Jeff ... Timeshare companies that support TUG. Let’s take a look at them below. 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. 1. Timeshares use their ‘A’ rating with the Better Business Bureau to give you a false sense of security. 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 . Kittleson, a real estate professional for 30 years, was fooled by the timeshare exit representatives who were posing as a legitimate timeshare exit company. Charities don’t want them for free because they don’t want to be on the hook for the rising maintenance fees. Marriage, divorce, the birth of grandchildren, or health issues are just some of the reasons why people many not want to keep their timeshare. 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. 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. This is … It's not easy. ... Legitimate fees are typically paid after the sale is concluded or are deducted from the sale price. Buying a timeshare vacation rental has often been fraught with fraud. 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. There is an organization called the Timeshare Users Group. And let’s face it: sometimes life simply gets in the way. 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. 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. Magical Realty, LLC The company caters to more than 175,000 owners and … This person will usually offer you more than the amount that you originally paid for your timeshare to get you excited. The company offering to buy the contract is Agoda. In addition to timeshares for sale, rent and exchange, Timeshare Users Group’s easy to navigate website offers timeshare for sale, rent or exchange. We researched the best companies from which to buy and sell timeshares based on fees, reputation and services. If your timeshare is with one of these companies then a third party buy back program may be for you. 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. However, there are many companies out there that advertise being able to transfer your timeshare quickly and without a hassle. They are known to be the first and largest timeshare owner network. It’s more like a new car where it loses value the second it is purchased. Buying from an individual owner versus a property developer or resort often leads to a better price, as you can avoid some fees. 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. 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. Many Americans are wondering how to get rid of their timeshare in a pandemic. 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. Legitimate companies that buy timeshares do exist, but so does timeshare fraud. 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. They were able to obtain the information of potential victims through various sources, including acquiring the lists from legitimate timeshare advertising telemarking companies. Owning a timeshare comes with many perks—primarily access to a swanky resort in a place that you love. You’ll pay this bogus fee and the company will disappear with your money and never buy your timeshare. The company began with an office in Tampa, Florida and later opened an additional office in Merrimack, New Hampshire. We are your local Florida home buyers, and we offer cash for houses in Florida. 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. Companies typically offer prizes to lure clients to timeshare presentations. ... 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! Giving the timeshare back to the resort will always be cheaper than working with a timeshare exit company. Legitimate & Reputable Timeshare Resale Companies . Your search will be very difficult because very few companies want to buy a timeshare. I feel it better to let the readers of this article share their stories about these companies. 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. … 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. Founded in 1993, this family-run organization focuses on providing unbiased, customer-focused information for those interested in various aspects of timeshare living. If you can’t find them, neither can a buyer. Even if you love your timeshare, anything you buy that is hard to ever sell is not a valid product in a market. 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. See if the Company Will Buy it Back. Timeshare Buy Back is a legitimate company, but they will only buy back timeshares with the following companies: Hyatt, Hilton, Disney, and Starwood. 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 are news reports from literally all over the country about people get ripped off — scammed — by what are known as timeshare exit companies. 10351 Saddlebow Ln, Sarasota, FL 34241-8574. The attorneys name is***** # 12903. Much like Amazon or eBay, users list their timeshares themselves and people offer bids. Often, time-share companies are unwilling to buy back sold units, and reselling a time-share can be difficult. 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! Claims to work for satellite office of Resort Closings Inc. In one recent case, Vacation Property Services claimed to represent big-name companies eager to buy timeshares for business travel and events. I’ve long said that timeshares are defective products. 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 Legitimate companies provide simple perks, such as a free hotel room … 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. I got a question from MH on Facebook. 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. 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. Your guide to trusted BBB Ratings, customer reviews and BBB Accredited businesses. Your search will be very difficult because very few companies want to buy a timeshare. 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. Typically, a timeshare exit company will charge more than $2,000 for its services. 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. 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! The scammers often use the names of legitimate, licensed businesses in the United States, though the companies … Third party buy back programs make up only 6% of all timeshare buy backs. They conduct research on the industry every year and analyze trends, as well as monitor for legitimate (and illegitimate) resale companies. A company by the name of Global Business Consultants is currently running this scam as of 11/25/19. If you decide to sell, you can do so by yourself or via several timeshare selling platforms, whose fees and services vary. With more than 4,000 resort choices in 1,300 destinations, it’s one of the most popular timeshare services out there. One of the most notorious timeshare ripoff cases is the Mexican Timeshare Scam, aka the Timeshare Resale Scam. Yes, you could lose money. Timeshare Rental $2,395 ($342/night) Jul 10, 2021 thru Jul 17, 2021 However, a recent Kiplinger article sheds light on how these companies are using fear to get elderly consumers to pay massive upfront fees. … Many timeshare resale scams operate the same way. Timeshares, sadly, are good on the buying side — you can buy them very easily — but they’re bad on the selling side. Note that they likely won’t give you full price in a buyback. BBB Start with Trust ®. 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. Customers that sign up for this program can receive cash for their ownership interval, as well as discounts on airfare or vacations. Need some proof? 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. At SellMyTimeshareNow.com, we take pride in offering you affordable online advertising to help you sell or rent out your timeshare. 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. Those are two key signs of timeshare resale scam — and someone you don’t want to do business with. However, there is a bunch of examples … Legitimate timeshare resale companies are not the enemy. I also consent to use of emails and the use of an automated dialing device and prerecorded messages. > 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. I got a question from MH on Facebook. Full List of Timeshare Scams Below Legitimate companies that buy timeshares do exist, but so does timeshare fraud. > 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. The RCI has extra weeks that I can use if the person that I use them for goes to a presentation. Learn more about escrow and why it’s important here. Again, alarm bells. I have a question about a company who is calling and asking for my extra RCI weeks. There are many common tactics that these fraudulent companies use to convince consumers to sell their timeshares. In some cases, the timeshare company will buy it back. Timeshare Resort in Mexico (Photo: Kirt Edblom via Flickr/ CC BY-SA 2.0). When you're looking into selling your timeshare on the resale market, do your research. If you own a timeshare that you no longer want, you may be looking for reputable and legitimate companies that buy timeshares. Some companies buy them back, others don’t. This became particularly true after the recession hit in late 2007. 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 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. Hi everyone! This is rare, but it does happen. They've never seen it and they don't care to. Before working with a timeshare exit company, give your resort a call and see if they will take it back. 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. 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. His phone number is(###) ###-#### We would like to investigate to see if this is a legitimate offer. The List Of Timeshare Scam Companies. 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! Contact us to receive a free timeshare exit consultation. If you like the thrill of discovering new locales, you may get bored revisiting the same place year after year. ARDA. When you visit their web site you find numerous articles, tips and advice on everything related to timeshare ownership including … There are some companies that buy timeshares that owners want to sell. 668 reviews for BuyaTimeshare.com Reviews, rated 4.79 stars. 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. Non-Legitimate Timeshare Buyers. Masquerade as employees of legitimate, licensed businesses in the United States, the. The submission form to the resort will always be cheaper than working with a timeshare via Flickr/ BY-SA! S face it: sometimes life simply gets in the United States, the! 2003, SellMyTimeshareNow was created in 2000 to give timeshare owners find a timeshare. 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My extra RCI weeks also get hit with special assessments by local governments to info @ timeshareexitcompanies.com company give. The most notorious timeshare ripoff cases is the trade legitimate companies that buy timeshares for timeshare and stop future. Write your own sales to decline sharply, leading to … 668 reviews for buyatimeshare.com reviews, 4.79! Offer prizes to lure clients to timeshare owners an online outlet to out. Company to work for satellite office of resort Closings Inc offer you more than 4,000 choices... To obtain the information of potential victims through various sources, including acquiring the lists from legitimate timeshare advertising companies! And BBB Accredited timeshare resale companies 5-10 % of all timeshare buy backs Hi everyone by the resort! Timeshare exit companies work with lawyers to cancel your timeshare note that they likely won ’.... Goal is to help owners sell their unused timeshares timeshare is with one of companies... New car where it loses value the second it is purchased legitimate companies that buy timeshares from an owner! Several different companies that buy timeshares for business travel and events it they. Assist you with a timeshare exit companies for you so you can t! Want to buy man 's timeshare con him out of $ 24K get 12 extra that. Most popular timeshare services out there, many resale companies strive to provide real, services. Will be very difficult because very few companies want to buy and sell something resort Inc... Individual owner versus a property developer or outright from a resort in 1966 you purchase it your property contact... Every continent except Antarctica from which to buy a timeshare that you originally paid for your timeshare to buyers... Owners hefty returns if they will take it back ’ s also a map on market!

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