Have you ever heard of this company?

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Original Message:

Re: Have you ever heard of this company? (by Lance C.):

sylviar70 wrote:
After reading some of the comments above, I think we'll avoid this company. Does anyone have a company they have used to sell their timeshare and compeleted the transaction?

You and your mother are very wise to avoid companies like this.

Chances are that, like over 95% of the timeshare units out there, your mother's unit is worth about zero dollars. You can hire a licensed real estate broker. Some reputable ones can be found at Ltrba.com. They will be upfront and honest with you about the value of your mother's unit. Keep in mind that they also charge a minimum commission of $1000 and, like I said before, chances are your mother's unit is worth a lot less than that. The agents at ltrba.com will let you know that.

If her unit is indeed worth less than $1000 on the resale market and you want to get rid of your mother's unit there are some practical steps you can take. First is you can try to list it for sale here on RedWeek. Just keep in mind the reasonable resale value when you list a price.

If you realize that the unit is worth about zero dollars, you or your mother can try contacting the resort's Homeowners' Association (HOA) and ask if they will take it back. Explain your mother's situation (eg., elderly, poor health, can not travel, limited income with not enough to pay maintenance fees, etc.) The HOA might agree to take it back but might require that your mother pay the closing costs (about $250) plus the next year's maintenance fees.

Another option is to list it for "sale" on sites such as here on RedWeek. List it in the Bargain Basement section for one or zero dollars. Other reputable resale sites are Bidshares, My Resort Network, E-Bay, and Timeshare Users Group (aka "TUG"; tugbbs.com) If your mother is committed to getting rid of the unit you can offer to pay the closing costs plus the next maintenance fee.

With all that being said, never ever pay anyone a large, upfront fee to sell, rent out, market, or "cancel" your timeshare. Most are scams or, at best, questionable operations.