AlbertaTravel
TUG Member
Anyone out there ever heard of TimesharesforAuction.com. Any info appreciated
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TimesharesforAuction! Opinions?
- Thread starter AlbertaTravel
- Start date
It's best to be very skeptical
Same old same old. Let me guess. They called you. They have a buyer. You need only pay a - search fee - closing fee - finders fee - some type of fee which, of course, will be refunded as soon as the already in place buyer closes.
Am I close?
It's the latest scam to get a good chunk of upfront money from you and then, surprise, the "buyer" will decide to back out and low and behold you'll be left with the agreement that they will "market" your timeshare for that big upfront fee.
Don't deal with them. If you can't find them by a search how would that mythical "buyer" have found them & how/why your week?
The whole thing is a set up. Ignore them.
Same old same old. Let me guess. They called you. They have a buyer. You need only pay a - search fee - closing fee - finders fee - some type of fee which, of course, will be refunded as soon as the already in place buyer closes.
Am I close?
It's the latest scam to get a good chunk of upfront money from you and then, surprise, the "buyer" will decide to back out and low and behold you'll be left with the agreement that they will "market" your timeshare for that big upfront fee.
Don't deal with them. If you can't find them by a search how would that mythical "buyer" have found them & how/why your week?
The whole thing is a set up. Ignore them.
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Isn't that called ebay?
Isn't that called ebay?
Seriously, I just looked at the site, and it's convoluted to me. It looks like an arm of GMAC - Timeshare Resales USA. The T&Cs state something about placing bids and that the bids are then presented to the seller, but there are the usual and customary (read: HIGH) fees associated with using a real estate agent.
It must be a ploy to try and list properties internally rather than on ebay. Ebay has probably a bazillon times more traffic, so I don't see an advantage.
Isn't that called ebay?
Seriously, I just looked at the site, and it's convoluted to me. It looks like an arm of GMAC - Timeshare Resales USA. The T&Cs state something about placing bids and that the bids are then presented to the seller, but there are the usual and customary (read: HIGH) fees associated with using a real estate agent.
It must be a ploy to try and list properties internally rather than on ebay. Ebay has probably a bazillon times more traffic, so I don't see an advantage.
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Grandview At Las Vegas
[triennial - points]
Me Neither.
Just saying.
Hard to see any possible advantage in those various timeshare hornswoggles & bamboozles that are out there waiting to snare the unwary.
Just saying.
-- Alan Cole, McLean (Fairfax County), Virginia, USA.
DeniseM
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This is just another spin off from GMAC Timeshare Division (which has nothing to do with General Motors.) MORE INFO.
What terms did they offer you?
There is a very simple rule of thumb here:
Any company that charges a large upfront fee is a scammer.
What terms did they offer you?
There is a very simple rule of thumb here:
Any company that charges a large upfront fee is a scammer.
Last edited:
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I had thought that GMAC was a real estate firm with franchises all over the place. I think they are independently owned. Nothing to do with GM, but I guess I'm surprised to see a "name brand" franchise doing this. Kind of like seeing Century 21 charging an upfront fee or coming off as "scammish" (is that a word??). Ugh.
DeniseM
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See the link I posted above for info. about their practices in the timeshare industry - I think that the fact that they are a franchise, gives them a lot of leeway.
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Grandview At Las Vegas
[triennial - points]
Century 21 Timeshare Resales.
In fact, the famous highway billboard that opened our eyes to 2 essential Timeshare Truths -- i.e., (1) there is no such thing as a new timeshare, & (2) buy timeshares resale & save thousands -- was from Century 21, in the official brown & gold colors & everything. I still remember the toll-free phone number that was on the sign -- 1-800-BUY-OR-SELL.
I suspect now that they were more interested in collecting Up Front Fees than actually selling pre-owned timeshares. That's because when we called saying we wanted to buy a timeshare resale, they hemmed & hawed before getting round to offering us a fixed-week 2BR unit way out on Rt. 192 for $6,500. In retrospect, I think it's extremely odd that they came up with just 1 offering, in view of the big supply of Orlando resale timeshares available then (2002) & now.
We didn't put all our resale timeshare eggs in the Century 21 basket. While waiting for Century 21 follow-up, we discovered TUG & made contact with a resort HOA official who put us in touch with a distressed foreign owner of a timeshare the owner was willing to sell us for $3,500 which was lots better than the 1 we were prepared to buy for $6,500.
Today, of course those are super-high prices for resale timeshares. At the time, though, they seemed plenty reasonable -- many thousands less than full-freight.
In any case, I'm pretty sure that agencies affiliated with Century 21 & ReMax & GMAC, etc., are all involved in various aspects of timeshare resale ventures, including (some of'm) Up Front Fee schemes.
Shux upon'm -- the Up Front Fee people, I mean.
Maybe it's not the same Century 21, I don't know, but for sure I've seen Century 21 timeshare resale ads, certainly in the Orlando-Kissimmee area (a timeshare hotbed if there ever was 1), virtually every time we've been there starting in 2002.
In fact, the famous highway billboard that opened our eyes to 2 essential Timeshare Truths -- i.e., (1) there is no such thing as a new timeshare, & (2) buy timeshares resale & save thousands -- was from Century 21, in the official brown & gold colors & everything. I still remember the toll-free phone number that was on the sign -- 1-800-BUY-OR-SELL.
I suspect now that they were more interested in collecting Up Front Fees than actually selling pre-owned timeshares. That's because when we called saying we wanted to buy a timeshare resale, they hemmed & hawed before getting round to offering us a fixed-week 2BR unit way out on Rt. 192 for $6,500. In retrospect, I think it's extremely odd that they came up with just 1 offering, in view of the big supply of Orlando resale timeshares available then (2002) & now.
We didn't put all our resale timeshare eggs in the Century 21 basket. While waiting for Century 21 follow-up, we discovered TUG & made contact with a resort HOA official who put us in touch with a distressed foreign owner of a timeshare the owner was willing to sell us for $3,500 which was lots better than the 1 we were prepared to buy for $6,500.
Today, of course those are super-high prices for resale timeshares. At the time, though, they seemed plenty reasonable -- many thousands less than full-freight.
In any case, I'm pretty sure that agencies affiliated with Century 21 & ReMax & GMAC, etc., are all involved in various aspects of timeshare resale ventures, including (some of'm) Up Front Fee schemes.
Shux upon'm -- the Up Front Fee people, I mean.
-- Alan Cole, McLean (Fairfax County), Virginia, USA.
AlbertaTravel
TUG Member
Actually I'm a buyer
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It makes sense - read the rest of this thread. I'm not sure I see an advantage here to something like ebay. I suppose as a buyer, you could try to make an offer on something, but I haven't found timeshares listed with any broker that sell as competitively as ebay. If you want an auction experience, I'd do that. But it is up to you.