More News on Timeshare Scams

Department of Agriculture and Consumer Services’ investigators recently raided an Ormond Beach-based timeshare sales office. The said investigators issued a search warrant to Buy Owner Resort Marketing. According to the agency’s spokesperson, Liz Compton, the investigation details are not yet available as of this time since it is still ongoing.

It was in March 2010 that the regulators told the said company to stop its telemarketing arm for the reason that it is not registered. But the said reason is not yet confirmed whether it is related to the warrant issued to them.

The above incident is just one of the consequences of many timeshare resale companies who have been doing unsound business practices.

Their hard selling tactics include calling up the timeshare owners and present to them the enticing offers. The usual circumstance at the end of the conversation is to ask for mailing payments through credit card. Desperate timeshare owners then grab the opportunity thinking that this is a one shot blessing to finally get away from the hassles of owning a timeshare. In effect, it did even create a financial disaster on them since a huge amount of money was busted by some merciless outsiders.

The truth of the matter is buyers and sellers are having a hard time looking for that legitimate timeshare resale company that will give the optimum results. With the ongoing influx of timeshare resale companies it is hard to choose which ones are just right for them.

There are so many things that a consumer has to be aware of when reselling timeshares. But let me give you some tips.

One, you have to be knowledgeable of what you are selling. Research is important for you to get the most out of your timeshare. Awareness on the total value of your timeshare will let you resell it much faster and easier though there are no guarantees of these. But at least you don’t wave out those potential buyers. The price of a resale unit usually falls between 30%-50% of its original price.

Real timeshare resale companies do not ask for initial charges. Most scammers reason out that these fees are intended for the advertising costs and/or mailing payments when in fact they are not.

To further validate whether the resale company is good or not, inquire at the Better Business Bureau. They have an online site where you can access and immediately determine whether a company is good or not.

Be smart enough to transfer that timeshare of yours.

Some Facts About Timeshares

When it comes to exclusive ownerships, timeshares are the best vacation to choose from. Travelers enjoy the benefits of luxurious facilities and amenities without the hassles of booking. It has been patronized by so many for years since the price is justifiable to the services it renders.

But like any other industry, it was also affected by the financial crisis that urged top major hotel chains to take actions that will sustain and help survive their business and the industry as well. Alongside with the significant sales drop that amounted to loss of billions of dollars, is the ongoing entrapment of scammers towards timeshare owners. Unscrupulous companies have been persistent in doing unsound business practices. Timeshare owners continued to file complaints at their respective Attorney Generals. Better Business Bureau kept on listing and hunting those illegitimate and deceitful companies.
As a consumer, you must know your rights. A well-informed consumer can avoid common mistakes in buying and selling timeshares.

Well, it is risky not to have seen a property that you intend to purchase. But most of the potential buyers do purchase timeshares this way. You may horribly see your vacation place most likely when you arrive.

Most people think that owning a timeshare entails them to do good business in the future. Potential buyers must remember that timeshares are not like any other investments that increase in value. In fact the value depreciates through time. Most resellers sell their timeshares between 30%-50% of its original price.

Some believe that timeshares are easy to trade which in reality is not. Even if there is such a thing as timeshare exchange program, it doesn’t guarantee that you get your preferred unit. Or you may end up with a unit that you would not enjoy.

Disney, Marriott, Hyatt, and Hilton have a uniform standard with their timeshares. If you chose to buy a unit directly from the companies mentioned, the cost may reach up to 60% more than what you purchase from the resale market. It is because the payment includes the company’s marketing costs which includes a 3-day free timeshare experience, vacation activities, and meals for potential buyers.
Consumers must be very careful on companies that force you to sign a contract. Refuse and avoid the “Buy-it-NOW-one-time-only-offers!!!” as this is one of the hard-sell tactics.

If you happen to have that timeshare and you want to dispatch it because for some reason you don’t like it anymore. Call Transfer Smart. Transfer Smart offers timeshare clients a reliable way of getting rid of timeshares forever.

Having a problem with your timeshare property? Don’t fret because Transfer Smart is there for you!

Yes, you enjoyed your timeshare property, but to what extent? Well, most timeshare owners these days want to get rid of their timeshare properties. This is due to several reasons, whether money issues or time schedules that hinder timeshare owners to take hold of their properties. It is also because of the economic recession that made people’s budget be tight.

However, getting rid of a timeshare property is really hard. You have to be prepared with the papers, contracts, etc. While doing everything for timeshare owners to be able to get rid of their timeshares, they continually pay for the annual maintenance, repair, taxes and other fees they must take responsibility of as timeshare owners.

Several of these people opt to sell their timeshare properties, but they end up wasting money instead. What’s best to do is to look for a complete exit solution for timeshare properties, and that is via Transfer Smart Incorporated.

Transfer Smart Incorporated is a legal and one of the best companies around. They have already helped thousands of people get away with their timeshare property contracts and the annual fees that go along with it. The company has created a system that is surely effective for timeshare owners to get rid of their timeshare contracts.

An Escape From Timeshare Units

Buying a vacation home was once a good way to spend a wonderful vacation with the family. With timeshares, it not only offers you the first class facilities, amenities, and services but also allows you to save more than staying in an ordinary vacation package.

But when recession hit the world economy, finances were hard to manage. Goods and commodities’ prices kept increasing as well as the services rates. Companies have run out of gains and received a big chunk of losses. In effect, jobs were cut down, thus making it more difficult for an individual to survive.

And with this, an ordinary citizen needs to cut down his expenses too. The tables have been turned due to economic recession. Not so long ago, you can still afford to pay the annual maintenance fees. But now, it has been very difficult to pay it up to date. You tried selling it, yet you feel it doesn’t make sense. Someone offers it at a very low price—a very insulting price in exchange of the timeshare you well loved.

But I’m sure it did cross your mind to just abandon it. Anyway, you are not using it anymore. With this, I can say, you’re wrong. Once you neglect your responsibilities, you might be charged more. The timeshare company might hand the case to the court and sue you. That’s another additional fees and penalties. And if you still refuse to pay then you might end up in jail.
So, why do you think timeshare companies wouldn’t want you to get out of your timeshares when in fact you don’t use it anymore?

If companies will just allow people to escape from their financial responsibilities, then there would be more vacant timeshares. And this will be a burden on the part of the company. In short, no company would want you to just evaporate without settling your fees. As long as you are tied up with it for whatever valid reasons you have, then there’s no way you can escape from it.

My advice is to go back to your timeshare company and negotiate it with them. Tell them that you no longer can sustain the finances and that you are not using it anymore. Be ready for some cash settlements. Or you can auction your unit in eBay, Craigslist, etc.

More Timeshare Developers compete—Walt Disney is definitely on the game!

There are already a lot of luxurious timeshare developers that offer great vacation accommodations to people around the world. Last April, G Worldwide announced that they are developing more resorts and hotels for gays to enjoy. In 2011, people will expect a big property in construction with all-in-one accommodations like a gym, spa, bars, restaurants, etc. However, in just a snap, another timeshare developer beat them in offering more luxurious timeshare resorts with high-quality accommodations.

There are a lot more timeshare developers competing in the market these days. Many of these most popular developers are expanding their business to the global market.

Recently, world-renowned Walt Disney is ready for the competition. What they currently offer is for people to live in the Disney world. However, it’s a different style for Disney. People get to buy lots inside the Disney Park. It’s up to them whatever they want to construct. They can build their own houses or if they want, a whole new resort or a rest house for them. Disney is giving consumers more options, while they continue to attract and entertain them with their rides, museums, and other attractions that are of Disney’s signature.