Timeshare Listing Services are Named On of Top 10 Online Scams in 2011

The financial crunch of the last few years left many owners of the luxury item everybody loves to hate lately, the timeshare, struggling to pay maintenance fees or simply no longer having the means or desire to travel any longer. Owners of deeded real-estate look to sell when they want to take their name off title. A well intentioned seller only has to cruise the web for a few minutes and they will certainly come across thousands of companies willing to sell your timeshare. You can find many today that offer no up-front fee to sell your timeshare, so don’t settle for anything less. When you decide to call timeshare listing service, go armed with the following questions. That way, you’ll be able to detect red lights, that could mean the company you’re working for is not above board. Look at the $30 million dollar ride this woman and her timeshare listing service took innocent timeshare owners on: “Timeshare Telemarketing Scheme Boss Sentenced to More than 15 Years in Prison”

Q. What if I’m asked to provide “some up-front fee to get the process under way”?

A. Have you ever sold a home? Did your real estate agent collect their commission up-front? No. Request the broker or agent provides a sales contract in writing, for you to review. If you pay any fees in advance there is no incentive to actually sell the property!

Q. How long will it take to sell my timeshare?

A. That depends, there is good news for some. Others might have to face the fact their timeshare has dropped to around 10% of its original purchase price (and conversely, this provides an excellent market for those who enjoy their timeshare and are looking for the best deals on the internet). Recent studies on the timeshare re-sale industry reveal that many customers who fail to sell their timeshare with the first listing, will renew their membership at least one additional time.

There are several reputable, free, or low-cost companies with which to list your timeshare. You can learn more on our sell your timeshare information page.

Do not expect to profit from the sale of your timeshare, you bought it to have a good time and have an easy-to-use vacation every year. You purchased a luxury item, that also happens to be a deeded piece of real-estate. For most owners it is a significant challenge to take their name off title in today’s market. However, there are some reliable, low-cost exit solutions that can help you recapture a portion of your original purchase price. Likewise, you do not need to pay hundreds, even thousands of dollars to an agency to sell your timeshare – it’s a scam.

To see the other top 10 online scams compiled by the Better Business Bureau visit, http://www.bbb.org/top-online-scams/