Executive Property Management

We have been contacted by Executive Property Management, Los Angeles, CA about selling one of our time shares. Has anyone had any luck with this company?

pegg5 wrote:

We have been contacted by Executive Property Management, Los Angeles, CA about selling one of our time shares. Has anyone had any luck with this company?

My guess is that this is the same as Exclusive Property Management. If you use the search function, you will likely find a thread about that company (which does not speak favorably about that company).

You said the company contacted you? That being the case, that usually spells scam. Legitimate licensed real estate brokers generally have enough business without having to telemarket unsuspecting timeshare owners.

The one rule to remember when dealing with companies connected to timeshares is to never, ever pay anyone a large, upfront fee to sell, rent out, market, or "get rid of/cancel" your timeshare.

It does not matter what euphimistic name they attach to this fee, if they require you to pay any sort of large fee ($80 or more), then it is a scam.

And please ignore any shill postings in this thread where people claim that this company miraculously brokered a sale of a worthless timeshare getting the owner an amount of money that dreams are made of.

Remember that the majority of timeshares on the resale market are selling for no more than $1000. Some can't even be given away right now so be patient and realistic in your efforts to sell (or give away) your timeshare.

lancec13 wrote:

My guess is that this is the same as Exclusive Property Management. If you use the search function, you will likely find a thread about that company (which does not speak favorably about that company).

You said the company contacted you? That being the case, that usually spells scam. Legitimate licensed real estate brokers generally have enough business without having to telemarket unsuspecting timeshare owners.

The one rule to remember when dealing with companies connected to timeshares is to never, ever pay anyone a large, upfront fee to sell, rent out, market, or "get rid of/cancel" your timeshare.

It does not matter what euphimistic name they attach to this fee, if they require you to pay any sort of large fee ($80 or more), then it is a scam.

And please ignore any shill postings in this thread where people claim that this company miraculously brokered a sale of a worthless timeshare getting the owner an amount of money that dreams are made of.

Remember that the majority of timeshares on the resale market are selling for no more than $1000. Some can't even be given away right now so be patient and realistic in your efforts to sell (or give away) your timeshare.

Lance is exactly right .... when a timeshare resale company cold calls you out of the blue they are scams. Legitimate timeshare resale companies don't do cold calls.

Thanks! So, how do you find the legitimate companies?

pegg5 wrote:

Thanks! So, how do you find the legitimate companies?

ltrba.com has a list of licensed real estate brokers. The upside is that they will only charge you a commission after the sale. The downside is that their commission is a minimum of $1000 and your timeshare might not even be worth that amount.

If you timeshare is not worth much (less than $1000 perhaps?), then your best bet is to try to DIY. Advertise it on a reputable website such as here on RedWeek ($15 for an annual membership and $60 to place a For Sale ad), Craigslist (but be prepared for an avalanche of spam and scam attempts), E-bay (your ad will probably be buried in an avalanche of other "dog weeks" for sale), or Bidshares (free but not much response).

Once you find a buyer and an agreed-upon price (as well as agree to who will pay the closing costs), use a reputable closing company. Some that are highly recommended are JRA Closings and Timeshare Transfer.