subject: Road Blocks In Selling Timeshares [print this page] Let's face it, we've been facing a worldwide financial recession for quite some time. Rough financial times have forced many consumers into the thought of selling their timeshare properties. But, what are the factors that Americans should think about before selling timeshare properties? Are there any dangers in making an attempt to sell a timeshare property?
Many Americans are under the impression that it will be easy to sell a timeshare property and even make some money. Sadly, this isn't the case. The reality is that because of the same financial recession that has forced thousands of consumers into wanting to sell their timeshares, the demand for timeshares has gone down. Also, with the influx of people attempting to sell a timeshare and the timeshare property developers continuing to expand, there is an overwhelming supply of available timeshares to Americans. These supply and demand factors have made it very hard for consumers to sell their timeshares.
When it comes to Americans attempting to sell a timeshare, there are a few dangers to look out for:
Telemarketers: First and foremost, people (especially elderly consumers) should really be weary of telemarketers trying to sell their timeshares. Many times, these companies are fraudulent companies. The way the fraud works is a representative from a timeshare property resale company will call Americans saying that they are able to sell a timeshare for them or that they already have a buyer for the timeshares. As with any service, there are fees involved in some cases, thousands of dollars will be charged up front for the timeshare sales service. After a few months, people realize that their timeshares have not yet sold. These Americans then call the customer service phone number that they were given only to find out the number is disconnected! Don't be the next victim!
Cost: Another thing that consumers really need to look at is the cost involved in selling timeshare properties. Many consumers find that they have spent thousands and thousands of dollars to sell their timeshare properties and the timeshares have not yet sold. This is because for a timeshare to sell, consumers have to place the timeshare on multiple sales websites for maximum exposure. Each of these websites has fees involved in listing that may not seem like much but can be overwhelming after some time on the market!
With everything going on in the timeshare sales industry, my personal advice to consumers who want to get rid of their timeshare properties is to look into timeshare property cancellation. Timeshare cancellation is the process of deeding a timeshare back to the developer based on discrepancies in the sales process and contract associated with the timeshare property. Although timeshare cancellation is a very new process it is definitely one worth a bit of attention!
