Consumers considering doing business with a company find it helpful to read reviews and ratings posted by other individuals who have dealt with the company in question in the past. One of the most popular ways to research a company is to visit the Better Business Bureau, known as BBB for short, for information regarding the company in question. The BBB website allows users to post grades for a given company just as in school an “A” is the highest grade a company can earn and an “F” is the lowest grade a company can be given. Recently the BBB released an article giving timeshare owners tips on how to avoid being scammed when selling a timeshare, here is a direct link to the article entitled “Tips for Selling Your Timeshare”. Below we will go through each suggestion the BBB has on the subject and give our opinion.

The first point is to “Use a business you can trust”; basically this is a way for the BBB to promote itself. In this first suggestion they are trying to make sure the user knows to check out any company on their website before doing business with them. Even though this a plug for their service it is still a good tip given the fact there are companies out there with a bad reputation and many of them will be reported to the BBB. The next tip given is “Confirm Licensing Requirements”, even though there are many requirements to sell homes and other pieces of real estate anyone familiar with the timeshare industry knows timeshares do not behave like other pieces of real estate, therefore a license is not always be required like it would for a realtor selling a home. This tip should really read Confirm Licensing Requirements if applicable. The next tip is “Get the Facts On The Figures”, meaning make sure you know all fees you will incur before listing your property with any company. This is solid advice when conducting business with any company not just people in the timeshare industry. The fourth tip given is “Be Wary Of Upfront Fees”. This is a tip we have been giving to timeshare owners for a number of years, a minimal fee up front to list a property is normal however many people who have been scammed in the past report they are asked to pay anywhere from $500 – $2,000 to sell their timeshare. When a company asks for this much money up front there is a good chance the owner will pay their money and never hear from them again. We have received hundreds of emails from owners who were in this situation and had paid an enormous up front fee and never sold their timeshare or even heard from the company again. The final suggestion given “Don’t Fall for the Hard Sell or an Offer that Sounds Too Good to Be True”, this is probably the best piece of advice given in the article and can apply to any industry. Vacation Timeshare Rentals has been trying to get this point across for a number of years, the sad truth is many people who have purchased a timeshare from a resort are already prone to fall for hard sell tactics which are used by timeshare resorts when people visit their property.

This was a very good article for anyone who is considering a timeshare to read and addresses some of the major tactics used by scammers when trying to get timeshare owners to send them money. It also reinforces points and suggestions we have been giving to timeshare owners for many years. If you are a timeshare owner and would like to list with a reputable company such as ours please visit the following page to sell your timeshare.

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