subject: Working with with Timeshare Transfer Companies [print this page] Thanks to its popularity during the free-spending days before the depression, the timeshare industry has become a haven for scammer seeking to fool consumers and potential buyers. Aside from fraud, the industry is also filled with malicious sellers and unethical companies who'll do anything to make a sale, including deceiving people. Because of these practices, many who fell victim to these timeshare "traps" have since wanted to get out of their unwanted investments.
One of the main headaches of timeshare owners is undelivered promises. Poor amenities, cutting back on upkeep and renovation, and misleading brochure info are just some of the reasons why timeshare members are jumping ship.
For others still, inflexible weeks and rising annual fees have become a pain instead of an aid during vacation. Rather than having a good time, the burden of having a timeshare unit instead causes worries, and much planning and checkbook-balancing.
When caught in such a situation, asking timeshare transfer companies for help is the most logical and practical thing to do. Timeshare transfer companies provide quick and hassle-free solutions to timeshare nightmares. They take care of all the paperwork, guaranteeing freedom from future obligations, for a fraction of what real-estate agents cost. However, before making the pay, there are a few substantial points that one needs to clarify with these companies to make sure that one's not falling for another trap.
Upfront Fees: Other companies call them deposits or advance pay. Whatever they're called, paying these fees does not guarantee a successful transfer. Most companies will tell you that they are used to initiate the process and cover the cost for the primary paper work. However, it still pays to read the fine print stated on the contract. Do your part and find out if the company is legitimate in the first place. Also, make sure that there are clauses that guarantee a successful transfer or at least some percent of your money back in case the transaction does not succeed.
Peruse the Process: Don't be in the dark. Timeshare transfer is not a dark art reserved for priests or professionals. As the title owner, ask the company about the processes involved in the transfer. Do your own research so you can ask probing questions and gauge the company's competence. In doing so, you can have a rough understanding of the steps involved and how long and how much it will take to close the transaction. While these companies use professional agents well-versed in the field, a little homework will allow you to be informed without being led around by unexplained delays and miscellaneous charges.
Hear from actual clients: Having real people speak for the company is the best way to understand their reputation. Ask for names and possibly contact numbers of people they've serviced before so you can do your own personal digging. Additionally, it is important to research about the company's background on the net. If the company was somehow involved in any scam or was accused of such, you'd probably see that on the net. Check for more information and then clarify them with the company's agent.
