Hello,
I recently received a call from MGM Universal Timeshare http://www.mgmuniversaltimeshare.com offering to sell or rent my timeshare. The timeshare is in Hawaii and I purchased it during construction almost 3 yrs ago. MGM states that I should be able to get almost twice what I had paid for it. After reading on the TUB boards I was expecting to be offered about half of what I paid as I did not purchase resale.
MGM requires a flat fee of around $1,800.00 to sell my timeshare - no other fees or closing costs. They state that they will sell it in a similar manner to the way in which I purchased it and that they pre-qualify their buyers. They say there sales technique is different from most other companies that just list the timeshare in an ad. They have a 90 day guarantee, quoted below.
From the FAQ on their site:
"Our advertising agents will do a comparative market analysis to price your property for sale or rent. Keep in mind MGM UNIVERSAL TIMESHARE does not take on any properties that we do not believe will sell within the next 90 days. If for some reason your timeshare doesn't sell within the 90 days, MGM UNIVERSAL TIMESHARE will continue your advertisement at the company's expense. We know what it takes. With over 50 years experience, and offices worldwide to assisted individual owners in selling their timeshare properties. Our timeshare sales have closed with buyers and sellers from all 50 states and 85 countries at over 1,250 resorts located in 47 states and 29 countries. Thousands of resort properties have already sold! We attract buyers worldwide through extensive advertising and marketing efforts."
They have a "B" rating on the LA Better Business Bureau site: http://www.la.bbb.org/BusinessReport.aspx?CompanyID=13102950 and appear to be a legitimate operation. Can someone please provide some insight into this? Are they legitimate? Does this sound reasonable? What can I do to be sure I don't get scammed by this company? Has anyone here ever done business with this company?
Also, over the past couple of months I have been receiving a lot of phone calls from companies interested in having me sell my timeshare. Is this normal?
Thanks!
Brian
I recently received a call from MGM Universal Timeshare http://www.mgmuniversaltimeshare.com offering to sell or rent my timeshare. The timeshare is in Hawaii and I purchased it during construction almost 3 yrs ago. MGM states that I should be able to get almost twice what I had paid for it. After reading on the TUB boards I was expecting to be offered about half of what I paid as I did not purchase resale.
MGM requires a flat fee of around $1,800.00 to sell my timeshare - no other fees or closing costs. They state that they will sell it in a similar manner to the way in which I purchased it and that they pre-qualify their buyers. They say there sales technique is different from most other companies that just list the timeshare in an ad. They have a 90 day guarantee, quoted below.
From the FAQ on their site:
"Our advertising agents will do a comparative market analysis to price your property for sale or rent. Keep in mind MGM UNIVERSAL TIMESHARE does not take on any properties that we do not believe will sell within the next 90 days. If for some reason your timeshare doesn't sell within the 90 days, MGM UNIVERSAL TIMESHARE will continue your advertisement at the company's expense. We know what it takes. With over 50 years experience, and offices worldwide to assisted individual owners in selling their timeshare properties. Our timeshare sales have closed with buyers and sellers from all 50 states and 85 countries at over 1,250 resorts located in 47 states and 29 countries. Thousands of resort properties have already sold! We attract buyers worldwide through extensive advertising and marketing efforts."
They have a "B" rating on the LA Better Business Bureau site: http://www.la.bbb.org/BusinessReport.aspx?CompanyID=13102950 and appear to be a legitimate operation. Can someone please provide some insight into this? Are they legitimate? Does this sound reasonable? What can I do to be sure I don't get scammed by this company? Has anyone here ever done business with this company?
Also, over the past couple of months I have been receiving a lot of phone calls from companies interested in having me sell my timeshare. Is this normal?
Thanks!
Brian