Monday, February 1, 2010

SIGH...Yet More News and Updates About Resale Companies

It has come to my attention that disreputble companies are still out there scamming people in the market to sell their timeshare. Unfortunately, some of these companies claim to have a good relationship with Timeshare Insights...THEY DON'T.

Here's what you need to know about any company charging you any sort of advance fee for selling your timeshare...STAY AWAY.

A timeshare is just like any other real estate or personal property out there...you don't pay someone in advance to list it...you pay if and when a buyer is found. There is a difference between a listing fee and an advertising fee if you are taking out a classified ad in a publication or other media. Those are standard...for example $125 for a 3 line ad in a publication.

HOWEVER, if a company wants any sort of "advance fee", "listing fee" or "marketing fee", stay away from them...and better yet, send me their name and contact information.

As I've mentioned before, the Florida Attorney General recently made it ILLEGAL for anyone to charge an advance fee for ANY timeshare located in the state of Florida, regardless of where the owner lives AND for ANY resident of Florida, regardless of where the timeshare property is located.

Hopefully, more states will soon follow Florida's lead.

The bottom line is still this...DO NOT PAY ADVANCE FEES FOR LISTING YOUR TIMESHARE.

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