DO NOT DO BUSINESS WITH Sell My Timeshare NOW, LLC !!!

[vmarchesano]

DO NOT DO BUSINESS WITH Sell My Timeshare NOW, LLC !!!

Sell My Timeshare NOW, LLC uses fraudulent sales tactics and doesn’t deliver anything they promise. I was told that they had a team of sales associates who were motivated to sell my timeshare. They don’t earn any money unless they sell my timeshare, therefore they will initiate aggressive marketing efforts to sell my timeshare in 120 days or less or my money back.

Well their “aggressive Marketing effort” consists of simply placing your timeshare for sale on their website. They will dazzle you with a fraudulent sales pitch and make big promises but the bottom line is; you will see your timeshare on their website along with all the other people who fell for their fraudulent tactics with no other effort to sell your timeshare.

 

[AwayWeGo]

Maybe That Hypothetical Nightmare Scenario Of Timeshare Scams Isn't All Hypothetical.

Click here for the semi-famous hypothetical Nightmare Scenario illustrating overlapping multiple layers of compound timeshare scam.

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

 

[dougp26364]

To bad you didn't find us before falling for this scam. One of the first tennents of selling your timeshare is to NEVER pay someone an upfront fee. There are others out there that will do the same thing to you. Don't fall for any upfront fee companies promise again.

 

[Robert D]

If they said they would refund your money and didn't do so, I'd call the attorney general in the state where they are located and also in your state and where your TS is located. Note the other thread on this forum where the Florida AG is going after another fraudulent timeshare resale company that scams people like you're describing here.

 

[jaz121]

I' thinking of going with Stroman Realty

I dont want to get suckered either, but I need to sell my timeshare and I don't want the hassle of doing all the paperwork. Has anyone heard of Stroman out of Texas? They advertise plus do all the paperwork.

All opions would be greatly appreciated - thanks - Jaz121

 

[AwayWeGo]

Junk Mail From Stroman.

I dont want to get suckered either, but I need to sell my timeshare and I don't want the hassle of doing all the paperwork. Has anyone heard of Stroman out of Texas? They advertise plus do all the paperwork.

All opions would be greatly appreciated - thanks - Jaz121

I've heard of'm -- in fact, I'm on their junk-mail mailing list.

Aren't they an Up-Front Fee operation like so many others out there ?

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

 

[jaz121]

Hey Away - yes they are

But I dont have the time to list this thing by myself and screen potential buyers. They advertize and do all the paperwork just like sellmytimeshare advertises. anyone else you can think of to help me in this dilema?

 

[BocaBum99]

But I dont have the time to list this thing by myself and screen potential buyers. They advertize and do all the paperwork just like sellmytimeshare advertises. anyone else you can think of to help me in this dilema?

Why don't you list it with a no upfront fee broker? It will save you the upfront fee and the result will be the same.

 

[Lubes]

Response

I just read your post with great interest and am sorry to hear about your experience with our company.

Without any details, it is very difficult to assess the specifics of your situation apart from your viewpoints. Therefore,[contact info. deleted]
Thank you,
Steve Luba
Director of Communications
SellMyTimeshareNow

 

[AwayWeGo]

Nice Hearing From Somebody In The Business.

Steve Luba
Director of Communications
SellMyTimeshareNow

Hi Steve --

Thanks for participating.

I would like to know what's your take -- as a real-world person actually in the business -- on the role of Up-Front Fee companies in the notorious overlapping web of multiple timeshare scams ?

Click here to read the Nightmare Scenario -- if you haven't already read it.

Off target ?

Too harsh ?

Unfair ?

Overlooks exceptions to the rule ?

Paints with too broad a brush ?

Exaggerated ?

Seriously -- what do you say ?

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

 

[Lubes]

Thanks for the invitation Alan.

Unfortunately, for some people looking to sell their timeshare, your Nightmare Scenario can be more truth than fiction. However, I need to point out that, according to a Ragatz Associates report from 2006, timeshare owners have over an 80% satisfaction rate with their timeshare. We need to keep that in perspective lest people think that all owners are unhappy with their purchase, which the stats don't support.

Also, education is the key for anyone looking to sell. They need to be able to ask the right questions in order to sift through the potential landmines that are out there.

Here are a few "Run and Hide" tips:

- anyone calling you first and asking for money without you initiating the interaction - run and hide from them.
- anyone asking for money and making guarantees about selling your timeshare, including a timeframe for sale and potential buyers waiting in the wings - run and hide.
- anyone asking for money to pay for an appraisal fee or market value survey - run and hide.
- anyone sending you a postcard offering to take your timeshare off your hands - run and hide.

One other item to keep in mind is to always ask for results from a company that you may be looking to do business with. If a company can't tell you how they find buyers, or substantiate their buyer information, then you should question whether they can find buyers in the first place.

There is nothing inherently wrong with paying to advertise your timeshare for sale. People sell cars, houses, furniture and just about everything else this way on sites like autotrader.com, buyowner.com and others. Heck, I even sold a house in Florida on buyowner.com in 2005. What you need to do is ask how these sites find buyers and whether they even find buyers in the first place. And have them substantiate it.

The primary issues will always be pricing and location. If the timeshare is in a sought-after destination and priced right, then you have a good shot at selling. If it's not priced according to what the market dictates (not the resort price), then you'll have more difficulty. Remember that pricing a timeshare on the resale market is, on average, 50% below the new sale cost. For someone looking to sell, go onto resale websites and look at the sales prices of units at your resort, comparing unit type, time of year, etc to get a feel for what other people are selling their units for. This will give you a more realistic value before you begin the process. Forget about eBay - you might as well give it away to a donation program and at least get a tax deduction for it.

And if you owe money on it, you can try renting it out to help offset the costs until you pay off the mortgage, then try selling it.

Some of this information might get me into some hot water with the rest of the industry, but I'd rather get this information out than give people a false sense of how the industry works.

I hope this helps.

Steve

 

[applegirl]

Interesting how the OP hasn't chimed back in and it was their first post. Makes me wonder?

Thanks lubes for participating in this forum.

Janna

 

[e.bram]

Lubes: As far as I am concerned, "the proof of the pudding is in the eating". I don't care what is in the pudding or hoe you cook it as long as it tastes good. If you sell the TS you get paid. End of story.

 

[dioxide45]

Interesting how the OP hasn't chimed back in and it was their first post. Makes me wonder?

Thanks lubes for participating in this forum.

Janna

I have my own suspicions. There was a definite post in here providing contact information for the company... Information that should have been provided via PM IMO.

 

[rickandcindy23]

Lubes: As far as I am concerned, "the proof of the pudding is in the eating". I don't care what is in the pudding or hoe you cook it as long as it tastes good. If you sell the TS you get paid. End of story.

I agree with e.bram, and how often does that happen?

I would love to sell one of my timeshares with you, but I won't pay your fees, Lubes. I also don't put $500 down on the roulette wheel in Vegas. I think the gamble is about the same.

 

[theo]

My own limited experience...

Has anyone heard of Stroman out of Texas? They advertise plus do all the paperwork. All opinons would be greatly appreciated -

While Wayne Stroman himself doesn't have the greatest personal reputation and has spent his share of time in various courtrooms as a defendant (winning in each and every instance, as far as I know), Stroman as a company does indeed successfully sell timeshares --- if properly priced. I purchased one of my very best weeks from them --- for peanuts. However, from a seller perspective, be advised that I believe their commission is a minimum of $900 or a specified percentage of the closing sale price, whichever is greater. Depending on the true and current market value of your unidentified timeshare, that $900 minimum might possibly be more than the timeshare is worth...

 

[boatnut]

Attn:Sell my Timeshare now.. Resale value quote

Well I guess I must be a very shrewd buyer. (It isn't because of my knowledge or experience, six months ago I couldn't spell time share!) In the last six months I have purchased four time shares, All Whiski Jack "A" units,deeded WITH Raintree Memberships totaling 320,000 annual points. They originally sold for an approx total of $130,000 . I paid less than 4% of that.
They all included prepaid 2009 MF's and one of the 3 bedroom units (1,300 sq ft with private hot tub) was actually advertised "please take me"!. I contacted them after it was advertised for in excess of 45 days. It was still available.
In regards to checking asking prices as a way to value your unit......
One of these purchases was advertised for $12,000. It had been advertised for 3 days when the vendor accepted my $3,000 offer. This was a three bedroom, prime holiday/ski week unit.
Sorry, the concept of paying somebody to "market" something that is readily available for free (or almost free), seems to me to be absurd. I would suggest that asking somebody for money up front to market a product that can be had for free, would at a minimum, require questionable ethics and more likely cognitive fraud.
Yes I know you have actually sold some. I really doubt that you average anywhere remotely close to 50% of the original price. If you do, please list all mine and I will pay you double the regular fee UPON CLOSING at a sale price anywhere close to 50% of original price.

 

[Dave*H]

But I dont have the time to list this thing by myself and screen potential buyers. They advertize and do all the paperwork just like sellmytimeshare advertises. anyone else you can think of to help me in this dilema?

Why don't you just sell on ebay and use a reputable closing company? Then it is up to the closing company to collect the funds and handle all the paperwork. If the buyer doesn't work out, you've lost little but the time it took to create the ebay listing.

 

[uptwobucks]

I sold my Timeshare in Orlando

You may want to try this company. After sitting on mine for 8 months, I was able to sell my timeshare in 30 days through these guys.


[We have a strict no advertising rule - commercial link removed. DeniseM Moderator]

 

[wilma]

You may want to try this company. After sitting on mine for 8 months, I was able to sell my timeshare in 30 days through these guys.

[We have a strict no advertising rule - commercial link removed. DeniseM Moderator]

Oh boy, here we go again

 

[uptwobucks]

Did I do something wrong?

Oh boy, here we go again

I merely stated I was able to sell mine.

 

[DeniseM]

We have a strict no advertising rule on TUG - please do not post commercial links.

 

[Robert D]

Shill Shill Shill

Looks like a shill to me!

 

[Jennie]

Looks like a shill to me!

Yup, here we go again.

Another person drops in here out of nowhere and claims that he had great results letting Company XYZ sell their timeshare.

Are they so dumb as to believe TUG members won't think it ludicrous that they didn't come here first for advice about how to sell their timeshare?
And now they arrive to endorse one of the companies that we all know to avoid.

If their timeshare is already sold, why would they bother to now seek out a timeshare owners group? Makes no sense. It just illustrates how duplicitous these companies can be. It's easy to find a friend or family member or co-worker to post a positive comment.

If you have a few hours to waste, do a Google search of "Sellmytimesharenow complaints". Warning: it can take hours to read all the results.

 

[phileaglesfan]

I'm new here as I bought a time share New Years Day. Down in Vegas, Planet Hollywood towers. I considered selling it as I start looking into the two companies that advertise trading timeshares. I don't know if it is advertising so I won't mention their names. The second one sounded great so I bought a 3 year membership. They are pitiful as I'm taking a trip this summer and they have tons of reasons why they can't guarantee my rate when I find a rate that is better. I looked at sell my time share now and they are a nightmare. They wouldn't stop calling me back and wanted almost $700 to list it. I wasn't impressed with their listings so I gave up on them. Definitely not impressed with their fee. I still don't know if I'm going to keep the time share or not but I know I will not go with this company if I do.