There are resale advertisers on the web, companies holding real estate licenses and other options. For a description of the different options, click on one of the questions below. Should I use a timeshare resale advertiser? How do I select a timeshare resale advertiser? Are there licensed real estate brokers who sell timeshares? Should I use a licensed real estate broker to sell my timeshare? What other kinds of companies are available to help me?

If I find a company that meets my needs, how should I pay them? Frequently, timeshare resale advertising companies have taken a lot of criticism not to mention some government legal actions for charging high up-front fees and doing little or nothing for the timeshare owner who listed his or her timeshare for sale or rent.

There are many places you can advertise your timeshare on the Internet or in print for little or no cost. However, the resale advertiser might have a licensed affiliate who can help you for an additional charge. In timeshare resale advertising, there is considerable cost variation—from free to hundreds of dollars or more.

In advertising, you also want as many people as possible to be able to find your specific timeshare, so Internet resale sites with lots of traffic visitors looking for timeshare sales or rentals can be a good choice. Look for Internet resale advertisers at an affordable price who provide you with guidance on what to include in listing your timeshare for sale or rent. Research the legitimacy of the resale advertising company: Ask what methods the company will use to advertise and promote the property.

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How can you get regular information on the status of the property? Be sure you know exactly what services the company will perform before making any kind of payment, signing a contract or giving any credit card information.

Get a written contract with a full description of the services to be provided. Even with a written contract, if the company contacted you without a prior business relationship, the risk of a scam can be higher. Once you have received the contract, be sure you understand the terms and conditions, including: Some resale companies charge up-front or advance fees for resale activities that are not refundable.

The legality of these fees depends on your state law. Check your state law before paying any advance fees. You may wish to consult with a state government agency such as the department of real estate, real estate commission or the bureau of timesharing to determine the legality of such fees in your state.

A list of such agencies is available at www. Check online, the phone book or with your resort manager. Additionally, ARDA has members that are licensed real estate brokers. Deal only with licensed real estate brokers if you are reputable company that buy timeshares a company to do more than just advertising.

ARDA-ROC : Timeshare Resales : Resales : Selecting a resale company

Conduct due diligence to determine if it is a legitimate resale company and ask for references from the company — and ask to speak with past sellers. This means that they can not only advertise your timeshare for sale or rent but also assist buyers, help negotiate prices, write up contracts and assist with the closing of any sale or rental. You can check on the licensing status of individuals by name in 42 jurisdictions at www.

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If you are buying or selling a deeded timeshare interest, you are buying or selling real estate. The whole process will work much like buying or selling a home—with slightly less paperwork. Look for licensed resellers who can give you detailed guidance on this entire process.

Licensed resellers as do some advertisers often work with a title or escrow company. There are additional costs involved in closing any real estate transaction, and you should be sure to get an estimate of those, which can vary from state to state. Often the computer-driven automatic trading strategies score big pays the closing costs, but portions may be negotiable, so be sure to inquire about that as well.

Generally history online currency trade in pakistan, consumer timeshare owners or any real estate owner can advertise or sell property they own without having a real estate license. However, state laws vary with regard to whether a third-party advertiser should have a real estate license. Even more confusing is the fact that many state-based real estate laws were enacted long before the Internet existed and have not necessarily been updated to reflect the interstate and global aspects of modern real estate transactions.

If you have questions in this regard, your best resource is your state real estate commission or other real estate licensing agency. Valuing call option on bond list of them can be found at www.

A word of caution. While some of these offers may be legitimate, check them money maker swim jigs thoroughly before paying anything.

Unfortunately, not all companies are reputable, so please make sure you understand who you are dealing with, what their contract says, what others who have used the services think and most importantly if it sounds too good to be true — it probably is. Some of these companies are asking for hundreds to thousands of dollars from timeshare owners. One company may have come up with a good idea which they execute well—while others may simply copy the original idea as a way to make money.

One particularly troubling recent model seems to be companies that ask to be paid a substantial sum in return for taking ownership of your timeshare.

Be sure they can deliver on their promises. You will need to be sure the company is completely reputable and performs all of the procedures necessary to transfer your timeshare according to law which includes promptly recording the deed in the name of the new owner for real estate timeshare interests. Any time you are asked to pay such a large amount of money to anyone to dispose of something you already own, you should exercise extra caution. Check them out carefully before paying anything—and discuss the situation with your resort manager and a trusted friend or advisor.

If any company asks you to pay them in advance of your getting a contract or any services via certified or electronic check, money order or by bank transfer the equivalent of handing them cashyou may have little or no chance to recover your money if there is a problem. Often times, it is the illegitimate companies that urge you to transmit money to them immediately by these methods—and then you never hear from them again.

Here is where you may be better off to pay by credit card due to the protections afforded consumers under the federal Fair Credit Billing Act FCBA. This is often the case when dealing with fraudulent companies: Just remember to investigate the company you plan to do business with first in every case. However, the FCBA imposes a time limit on disputing an improper charge on your credit card.

You must notify your credit card company in writing within 60 days after the first bill containing the erroneous charge was mailed to you. Check to see who is really an ARDA member.

View a list of companies using the ARDA logo or name fraudulently. Learn where to file a complaint against a company. View all of our current consumer advisories.

We're here to help answer many of the questions you may have about your timeshare. Visit ARDA Site Map Contact ARDA-ROC. About ARDA-ROC Background ARDA-ROC Participants ARDA-ROC Board ARDA-ROC In Action Programs Contact Us Owner Resources Around the Industry Archives Legislative Issues State Federal Issues Briefs Timeshare Resales Selling Your Timeshare Protecting Yourself from Fraud ARDA-ROC Helps Transfer Company Info Resources for HOAs Resources for Owners.

Should I use a resale advertiser? How do I select a resale advertising company? Always carefully investigate any company before making a selection and paying any money. Are there licensed real estate brokers who handle timeshares? What other kinds of companies are available? Selecting a Resale Company.

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