Are you considering selling your timeshare?
Timeshare resales have been on the rise for the last year and a half during the COVID-19 pandemic. People have been dealing with less-than-ideal circumstances, and they’ve been in a strong desire to sell personal possessions.
If you’ve been looking at how to sell a timeshare, you’ve probably been doing some research. But how can you trust which company to work with?
There are plenty of timeshare resale companies out there. But not every one of them is right for you.
Here are four things to look for when choosing a timeshare reseller.
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1. Research the Reseller
Before you engage with a timeshare reseller, it is essential to research the company thoroughly. Look for reviews and ratings from past customers, as this will give you an idea of the company’s reputation.
Make sure also to check the company’s accreditation. Reputable timeshare exit companies are usually accredited by organizations such as the Better Business Bureau or the American Resort Development Association.
You can also visit the company’s website to see if they have any information about their team and experience in the industry. It is also a good idea to check this page on DVC listings to ensure you get the best deal.
Lastly, remember to ask the reseller for references from earlier clients who have successfully sold their timeshares through them.
2. Beware of Upfront Fees
Be wary of timeshare resellers who ask for upfront fees. Legitimate timeshare resellers will not ask for money upfront and will only charge a commission once the sale is complete. Timeshare scams will ask for an upfront fee and then disappear, leaving you with no sales and no refunds.
3. Consider the Commission Structure
Before engaging with a timeshare reseller, consider their commission structure. Some resellers may charge a flat fee or an hourly rate, so it is essential to understand the commission structure before signing any contracts.
You should also ask the reseller about any additional fees you may be responsible for, such as closing or transfer fees. Ensure all fees are clearly outlined in the contract before signing anything.
4. Look for Transparency
When choosing a timeshare reseller, transparency is critical. A reputable reseller will be upfront about the process, timeline, and fees associated with selling your timeshare. They will also provide you with a detailed contract outlining all the sale terms and conditions.
If a reseller is evasive about any of these details or refuses to give you a written contract, it is a red flag. Make sure you fully understand all aspects of the sale before signing anything.
Choosing a timeshare reseller is an important decision that should not be taken lightly. By researching the reseller, being wary of upfront fees, considering the commission structure, and looking for transparency, you can ensure that you find a reputable reseller that will help you sell your timeshare successfully.
With these top four tips in mind, you can make an informed decision and avoid falling victim to scams or dishonest resellers.
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