Checking on two well-advertised vendors . . . .

[TRICLIMBER]

Okay, I'm a newbie here, but I've read enough to hear there is not much enthusiastic support for having someone sell your timeshare and paying them a couple hundred dollars or more to do so.

That said, has anyone had NEGATIVE or NONPRODUCTIVE experience with buyandselltimesharenow.com and sellmytimesharenow.com? Both have gotten some attention lately from the media, and I'd like to know if they are worth consideration (and I've seen at least one sellmytimesharenow.com admin on this board.)

What's your experience with these companies? Thanks in advance.

 

[Dave M]

Please read the "How to Sell" article located at the top of the list of topics for this Buying, Selling, Renting forum. That article is based on the experience of TUGgers over the last 12 years, which includes a virtually unanimous recommendation (based on experience) that paying an upfront fee of "a couple hundred dollars" is a sure route to disappointment.

Many of these companies simply change their location and their name once their reputations get so bad that Google searches show many complaints.

Please follow the recommendations in the article. You'll be glad you did.

 

[Bill4728]

There are at least a half dozen threads about sellmytimesharenow.com

here is one: http://www.tugbbs.com/forums/showthread.php?t=20260

The search feature at the top of the BBS, has a place for Goolge search of TUG, if you type in sellmytimesharenow.com you'll see many more.

 

[TRICLIMBER]

Bill, thanks for the recommendation! Stupid check on my part, but I only looked for buyandselltimesharenow.com and didn't really hit anything - came across one thread for sellmytimesharenow.com by accident, but a more methodical search is a great idea.

 

[dioxide45]

Okay, I'm a newbie here, but I've read enough to hear there is not much enthusiastic support for having someone sell your timeshare and paying them a couple hundred dollars or more to do so.

That said, has anyone had NEGATIVE or NONPRODUCTIVE experience with buyandselltimesharenow.com and sellmytimesharenow.com? Both have gotten some attention lately from the media, and I'd like to know if they are worth consideration (and I've seen at least one sellmytimesharenow.com admin on this board.)

What's your experience with these companies? Thanks in advance.

Is the attention they are getting from the media paid for by them? These companies will go on morning shows and talk about their business as a way to legitimize it, but they may be paying for the airtime.

 

[TRICLIMBER]

Actually . . . .

Is the attention they are getting from the media paid for by them? These companies will go on morning shows and talk about their business as a way to legitimize it, but they may be paying for the airtime.

In this case, dioxide45, it was someone else (A realtor named Barbara Cochran) on NBC Today a few months back. So they weren't talking about their own great services, someone else was talking about them, and it seemed unsolicited. BUT, as I've seen a lot in the day or so since I got here, buyer beware, right? Thanks.

 

[DaveNV]

A better question would be "Has anyone actually sold their timeshare through these companies?" My guess is very, very few people - if any.

Would you pay a Realtor in advance to sell your house? Nope. And your house has a LOT more value than ANY timeshare. Paying anyone an upfront fee to sell your t/s is a sure-fire way to get yourself ripped off.

Don't do it - with ANY company.

Dave

 

[BocaBum99]

A better question would be "Has anyone actually sold their timeshare through these companies?" My guess is very, very few people - if any.

Would you pay a Realtor in advance to sell your house? Nope. And your house has a LOT more value than ANY timeshare. Paying anyone an upfront fee to sell your t/s is a sure-fire way to get yourself ripped off.

Don't do it - with ANY company.

Dave

They do sell them. But, ironically, it's probably the no upfront fee broker who finds them the buyer.

 

[T_R_Oglodyte]

You say they are "well advertised", but think about that advertising for a minute. Is that advertising designed to connect with buyers? Or is it advertising designed to connect with sellers?

You can give them money to list and advertise your timeshare. It is quite likely your money wil be used for advertising. But most of the advertising budget for these companies is really designed to attract more listings, not to unearth buyers.

 

[Stefa]

Okay, I'm a newbie here, but I've read enough to hear there is not much enthusiastic support for having someone sell your timeshare and paying them a couple hundred dollars or more to do so.

Just to clarify, these outfits don't "sell your timeshare." They list it on their website along with hundreds of other timeshares for sale. The listings are very generic. They do nothing specific to help you (or any other seller).

 

[london]

Listing Services

Just to clarify, these outfits don't "sell your timeshare." They list it on their website along with hundreds of other timeshares for sale. The listings are very generic. They do nothing specific to help you (or any other seller).

We recently purchased a timeshare week via one of the bigger listing agencies.

They are only a lisiting agency, and we made a very low ball offer for a week at the resort on cocoa beach.

The seller accepted our offer, then we arranged for closing with Timeshare Transfer.

At that point the listing agency had nothing further to do. The seller had merely paid a fee tothe listing service to get some exposure on the resale market.

It is worth looking at those sites, as you can at least see whats available. Many sellers just want out, and will accept very low offers.

 

[Stefa]

We recently purchased a timeshare week via one of the bigger listing agencies.

They are only a lisiting agency, and we made a very low ball offer for a week at the resort on cocoa beach.

The seller accepted our offer, then we arranged for closing with Timeshare Transfer.

At that point the listing agency had nothing further to do. The seller had merely paid a fee tothe listing service to get some exposure on the resale market.

It is worth looking at those sites, as you can at least see whats available. Many sellers just want out, and will accept very low offers.

London, I agree that as a buyer these can be good places to look. My concern was with the OP's original post in which he says: "there is not much enthusiastic support for having someone sell your timeshare and paying them a couple hundred dollars or more to do so." I was just trying to clarify that these places are not brokers in that they don't actively try to locate buyers for your specific listing. When you pay an upfront fee, you aren't paying someone to "sell your timeshare" you are paying them to "list your timeshare." There is a difference and I wanted to make sure the OP understood that.

 

[london]

Listing Only

London, I agree that as a buyer these can be good places to look. My concern was with the OP's original post in which he says: "there is not much enthusiastic support for having someone sell your timeshare and paying them a couple hundred dollars or more to do so." I was just trying to clarify that these places are not brokers in that they don't actively try to locate buyers for your specific listing. When you pay an upfront fee, you aren't paying someone to "sell your timeshare" you are paying them to "list your timeshare." There is a difference and I wanted to make sure the OP understood that.

You point is well taken. These are merely listing companies. Hopefully, the OP will understand the difference.