What should I look for in a timeshare resale company?
This is an all-too-common question, but it is probably the most important one to ask if you’re looking to resell your timeshare. After all, the Internet (as well as the timeshare industry as a whole) is crawling with companies that over promise and under deliver. How do you keep yourself from picking the wrong resale company?
The first thing you should do before paying any one – no matter what their service – is to investigate/research the company. It isn’t hard to make yourself sound good on a website, pamphlet, or business card. As such, you should never take any company or person by their word alone.
Here is some vital information you should research:
- How long has this company been in business?
- Have neither the Better Business Bureau, nor the Online Business Bureau, certified this company as being legitimate?
- Do they promise the immediate sale of your timeshare?
- Do they ask for upfront fees?
- Do they pressure you into making decisions?
All of these traits are characteristic of shady timeshare resale companies. They want to get your money by any means necessary, and often they will promise what they cannot deliver: the immediate resale of your timeshare for close to what you paid for it. If anything remotely similar to that promise comes out of their mouths, take your business elsewhere.
So many resale outfits crop up online because it’s easier to fake their services that way. They can woo you with an idealistic approach to selling timeshares, but once they get your money your property goes on a listing and they never pay attention to it again. They can still tell you that they’re advertising your timeshare, so as far as they’re concerned they’ve lived up to their end of the agreement. The problem is that they won’t actively pursue finding you a buyer, which is what you need.
So, what should I look for then?
When choosing a resale company, you want honesty over anything else. Legitimate companies will promise one thing: that they will try to find you a buyer. They will tell you how good/bad your chances are, and they will support their claim using current market data, but they will never guarantee a sale until the work has been done.
You should also look for a company that does not pressure you into acting on any deal on the spot. Legitimate companies will advise you, but they won’t force you to do anything. Again, anything they tell you can be supported by current market data; all you have to do is ask for it.
We only provide our customers with information on companies that have earned their good reputations within the industry. If you would like to get rid of your timeshare without getting duped or lied to, fill out the form below. We’ll put you in touch with a timeshare specialist who will help you get the ball rolling.