Justice Once And For All
Port Richey,#2Consumer Suggestion
Mon, December 31, 2007
Considering a brand new time share cost = $15,000 and up depending on where and size etc? The same timeshare, as a resale, may be two, or three thousand dollars. If a company contacts you, and offers to sell your timeshare be wary. They are difficult to sell, and I would make sure you only utilize a licensed real estate broker, the companies that say for $350 fee will sell your time share usually just compile lists of available timeshares, and to keep within the law, will ask you if you want to buy one before taking your fee, therefore covering themselves that they are trying to sell other peoples timeshares who they have collected a fee on previously. They are only interested in obtaining your fee, and just maintain a list. They usually last about two years, before someone complains to the authorities and go out of business. They are usually not real estate professionals, just "questionable", lets say, telemarketers. If you are considering buying, or selling a timeshare utilize a realtor. Here in Florida timeshare "selling companies" go in and out of business on a regular basis, sometimes the authorities catching up with them in time often not, they know they can only get away with it for a short period of time. Buying a brand new resort for $20,000? Why? On the re-sale market they are so hard to re-sell, the same resort will probably be available for $3,000. If you do buy that brand new one, try putting it on the market a year later and you will be shocked how difficult it is to sell, or how much it is worth. Timeshares may be ok, if you know you can use them as scheduled. There are maintenance fees, and the average person will sometimes think they will have those selected weeks always available to them. Life, however takes funny turns, a change of job, may prevent the same scheduled vacation time slot as the time share; self employed? An employee quits when you are scheduled to use your time, or a relative becomes ill, a death in the family, car breaks down, etc. Think hard before getting involved with timeshares, for people who have unlimited time, they may be ok, or set schedules of vacations assured, but many people wind up on the "burned" side when it comes to timeshares.
Cathy
Phenix City,#3Consumer Comment
Tue, September 18, 2007
I paid Worldwide Timeshares some money a couple of years ago and now cannot reach them, my timeshare is listed with them, along with others including sellmytimeshare.com. They all make promises but none come through. After you give them your money, they refer you to someone else, be careful!