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Articles
- Introduction
- Donate Your Timeshare
- Charities Accepting Timeshares
- Sell Timeshare - Reseller
- Quit Claim Deed
- Pay off a Timeshare Loan
- Timeshare Dump
- Timeshare Upfront Fees
- Timeshare Cooling Off Period
- Timeshares and Foreclosure
- Timeshare Investments
- Fractional Ownership
- Timeshare Pricing: The Truth
- Timeshare Escrow & Attorneys
- Renting Your Timeshare
- Timeshare Resale Gimmicks
- Timeshare Inheritance
- Bad Economy & Timeshares
- Right to Cancel Timeshare
- The Cost of Owning a Timeshare
- Timeshare Trial Programs
- Timeshare Rescue Services
- Timeshare Companies
- Timeshare Contract Cancellation
- Timeshare Advantages
- Timeshare Red Weeks
- Timeshare Location
- Financing A Timeshare
- What Is A Timeshare?
- File A Timeshare Complaint
- Reader Complaints
Timeshare Upfront Fees
If you own a timeshare that you want to get rid of, you will likely be contacted by a lot of timeshare reseller companies. These companies will say that you can get top price for your timeshare and even tell you that they have a buyer that is anxiously waiting to buy the timeshare. The only thing that you have to do to sell your timeshare is pay an upfront fee.The upfront fees can range widely in price - anywhere form a few hundred dollars to over $1000. The one point that you should remember is that no matter what the promise is or the price they say that they can sell your timeshare for, never pay an upfront fee to sell your timeshare.
Once you have paid an upfront fee, the timeshare reseller has absolutely no incentive to sell your timeshare because they already have their money. If the timeshare company said that they had a buyer that was ready to purchase your timeshare, something will happen so that he backs out at the last minute. Timeshare reseller companies asking for upfront fees is one of the most common scams out there that target desperate timeshare owners who simply want to get out of their timeshare obligation.
There is a simple way to test to see if the timeshare reseller is legit. When the timeshare reseller asks for an upfront fee, say that you are willing to pay three times their upfront fee when the timeshare sale closes at the price they promised they could get for your timeshare. If they really have a buyer that wants your timeshare, they will jump at this opportunity to earn a lot more money. What will happen in reality is that they will refuse the offer because they know they can't sell the timeshare.
The truth is that if someone says that they can sell your timeshare, but requires an upfront fee to do so, then in all likelihood it's a scam and any money that you pay will be lost forever. While there is a tendency for desperate timeshare owners to want to believe that they can get out of their timeshare obligations this way, resist the urge and keep your hard earned money.