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Advice to Consumers Selling their Timeshare

tw

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FACT: Timeshare is a product that is SOLD.

What is meant by this?

Generally speaking Timeshare is not a product that you wake up one day and decide to buy or a product that you see advertised on TV and think “that’s great, I am going to go out today and buy one”. It is, and has been for some time, a product that is sold to you in a direct sale environment on a “One on One” basis.
The Timeshare salesman needs to know about you personally, your holiday habits, your wants and aspirations; this is an absolute MUST in this type of sale

Are there exceptions?

Yes in very few cases when an educated Timeshare owner who owns, say week 30 which he paid £10,000 for, makes an informed decision to purchase week 31 from a newspaper advertisement for £2,000. However, these cases are few and far between!

The majority of Timeshare owners became so by sitting in front of a salesmen at an office or in a resort and being sold to, THAT is a FACT!

WHY should you pay to sell your week?

Having established the facts above, why are so many Timeshare re-sale companies asking Timeshare owners to pay them to market their week (we have seen instances of “registration fees” of as much as £1,200) and then using newspaper advertisement and internet sites to sell the weeks (or attempt to sell!) ?

BECAUSE their business is about taking registration fees from clients who are desperate to sell, that is where they earn their money, not by selling the weeks! There is NOT a reasonable amount of Timeshare sold through newspapers. The only reason the vast majority of resale companies advertise is to attract more registrations and to demonstrate to regulators that “they tried” to sell some weeks. Business failure is failure and not fraud unless intent can be proven. So by placing advertisements, unscrupulous companies keep themselves clear from any possible recriminations.

OUR ADVICE

NEVER EVER pay a Timeshare resale company to market your week! If they are really involved in selling weeks they should make their money as a percentage of the sale. :hi:
 

TUGBrian

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this isnt news to anyone here on TUG as we have been saying this for over 15 years...and is practically the mantra of our group.

Since it was the name of your business, ive renamed your user account, and deleted your signature as they violate the no advertising rules. you have a PM explanation.
 

AwayWeGo

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[triennial - points]
Mantra, Shmantra.

this isnt news to anyone here on TUG as we have been saying this for over 15 years...and is practically the mantra of our group.
Shux, I thought the TUG mantra was Buy Timeshares Resale & Save Thousands.

Then again, there's nothing wrong with multiple mantras.

The more the merrier.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​

 
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Egret1986

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I don't think the salesman needs to know this or even cares about this really.

The Timeshare salesman needs to know about you personally, your holiday habits, your wants and aspirations; this is an absolute MUST in this type of sale.
Bottom line, the only "must" is getting the folks in there to listen to the spiel and telling them whatever is necessary to convince them to buy. Believe me, your personal circumstances, holiday habits, wants and aspirations have nothing to do with them selling you the timeshare. That's just information they will use to try and convince you that you need to let go of your hard-earned money. They'll use whatever spin on the information you provide them to help lighten your pockets. I know of no timeshare salesman that would tell you that timesharing is not right for you based on the above information provided by the potential buyer.
 
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