Author: webmaster

How To Avoid Timeshare Resale Scams Getting out of a timeshare might be tough. Before you pay a company to help you sell your timeshare, contact the timeshare developer or the resort’s management company and ask about your options. The American Resort Development Association (ARDA) has a tool to help you identify the company that you need to contact, along with other resources. You’ll see or hear lots of ads from companies claiming to be experts at selling timeshares — they’re online, on the radio, and on social media. But sometimes these companies exaggerate or flat-out lie about what they offer you. They…

Timeshare ownership does have a lifecycle for many owners.  While you have enjoyed the use of your timeshare, life circumstances can change, and timeshare ownership may no longer be a fit for you and your family.  When that happens, it makes sense to explore your exit options.  The option that you may be most familiar with is using a timeshare exit company to cancel your timeshare.  This article discusses both the positive and negative aspects of this option.  The Positive: You don’t have to do anything but make payments.  If you are looking to exit your timeshare, want nothing to do…

Aguilar and other members of a conspiracy contacted timeshare owners, claimed to be representatives of companies that were interested in purchasing timeshares, and offered to purchase their timeshares. To make their offers seem legitimate they would refer the timeshare owners to attorneys, who the conspirators indicated would represent the timeshare owners during the exit process. These attorneys were real licensed attorneys, whose names and identities were used without their knowledge or permission. The conspirators emailed purchase agreements on attorney letterhead to the timeshare owners that included the purchase price that the buyers were paying, stated that the buyer would pay any associated…

If you are considering exiting your timeshare, one option you have is to sell it. Let’s look at the positive and negative aspects of selling your timeshare. The Positive: Resale is inexpensive compared to other timeshare exit options. Depending on the platform you choose, your rental pricing can range from a few hundred dollars to a few thousand dollars. It is less time-consuming than other exit options. The effort it takes to list your timeshare and wait for an offer is not time-consuming. Of course, you will have to answer questions from interested buyers as they come up. You…

If you find yourself not using your timeshare, but you aren’t ready or interested in exiting your timeshare permanently, , there is another option available: renting it.   Renting your timeshare can provide you with some additional funds while you are not using your timeshare, and it gives you the ability to use it again when you’re ready to travel.  How to Rent Your Timeshare   Let’s start by figuring out how much you should charge for your timeshare rental. There are several ways to figure this out:  Ask your resort or timeshare company for help. Some resorts or timeshare companies offer…

If you have been the victim of fraud by a timeshare exit company, you are not alone. Unfortunately, timeshare exit scams have become all too common, and thousands of consumers have been swindled out of hundreds of thousands of dollars.  If you find yourself in this situation, there are several things you should know and do immediately to prevent further financial damage.  Gather Your Documentation: Document all information and conversations you’ve had with the timeshare exit company. The more information you have, the easier it will be for state and federal agencies to help you resolve your situation.  Immediately Report the Timeshare Exit Company…

Like any  business, timeshare exit companies need to attract customers in order to make a profit. As the number of timeshare exit companies increases, many have become even more aggressive in their marketing and advertising.  While there are legitimate timeshare exit companies out there, some fraudulent exit companies have started a new scam by using a fake class action or court case to get timeshare owners to sign up for exit services.  Oftentimes, these timeshare exit companies attract you with a fraudulent ad and then take your money with no results. Here are the versions of this latest timeshare exit scam to be…

If you’re considering renting your timeshare, there are a few things you can do to make the process a success with potential renters while protecting yourself from any liabilities.  Create a rental agreement –  Your rental agreement should outline terms and conditions, such as payment deadlines, cancellation policies, and liability for damages, to ensure the renter is held accountable when booking your timeshare unit. Not how to write your agreement? Timeshare Users Group provides Free Timeshare Rental Agreements for anyone to download and use.  Clearly define your payment requirements, as well as refund and cancellation options – The last thing you…

While renting your timeshare can be a great solution to help cover expenses without having to sell your timeshare, you might encounter a few challenges along the way.  Below are the most common rental challenges and tips for overcoming them:  Market competition: Timeshare rental markets can be saturated in popular destinations. To help your timeshare listing stand out, highlight unique features of your timeshare, such as a well-know timeshare brand, location perks, or top resort amenities (pools, game rooms, golf courses, etc.)    Additionally, researching how much other rentals are listed for and the peak travel seasons for your market can help you…

One timeshare exit option is to donate your timeshare to charity.  This is a wonderful way to support a cause and gives the charity multiple ways to benefit from your donation. It can also reduce your taxes by giving you a donation to deduct at the end of the year.   Here are a few things to think about when donating your timeshare to charity:  Make sure the charity you select will accept your donation: Not all charities will accept a timeshare as a donation.  If a charity does accept timeshares as a donation, they will usually require that any loans…