Question about selling my timeshare...

Right now I have my timeshare up for sale on timesharesonly.com. I got an email the other day from a company called RSBO which is located in Daytona. I responded with my name and phone number and I got a call from one of their representatives tonight. She told me she could sell my timeshare for me for $36,000. (I bought it for $20,000 and i have it on TimeSharesOnly for $18,000) She told me she needed $300 up front and she told me she could get the $600 fee back for me from timesharesonly. It almost sounds too good to be true. What do you think? Has anyone ever heard of RSBO before? Also, is TimeSharesOnly a good place to sell my timeshare or are there better options out there for me? Thanks.

It is too good to be true. You need to regroup.

George

Don't walk...RUN away from this company

Steve,

Unfortunately, it is WAY too good to be true. These 'upfront fee' companies are basically a scam to get people to part with the fee. Then they do virtually nothing to sell your timeshare.

What's more...and this is still more unfortunate...unless you own a beachfront Marriott on Maui or some other super-desirable resort during peak season...your timeshare is overpriced at $18,000 (let alone $36,000). Almost all timeshares purchased from a developer lose over 50% of their value the minute the ink dries on the contract. Many timeshares lose 75% or more of their value. So you will likely have to drastically reduce your price in order to sell your week.

There is a lot of good information on how to sell a timeshare here on TUG. Search the various threads and the Advice section (in the red tabs at the very top of the page near the right hand side) and you will find a ton of information.

Steve

Also read the "how to sell" article located at the top of the list of topics for this Buying, Selling, Renting forum. It includes advice on how to price your timeshare for sale, where to advertise and how to avoid most resale scams.

Have you looked at the listings on Timeshares Only? They have many, many listings for every resort imaginable, and the problem with that is that your listing needs to be the lowest price in order to get an offer. Timeshares Only collects listings and sells only a few of them. This is obvious by the huge inventory, and the incorrect maintenance fees (quoted from years ago because the listings are years old).

But at least most timeshare owners have heard of Timeshares Only. They at least advertise, most everyone has heard of them because of the commercials and park benches, yet you won't sell your timeshare through them, the odds are against it. There are not enough buyers to match with the sellers, and what do they care? They make money for the listing. There is no incentive to do a thing for you.

So many timeshare owners fall prey to these upfront fee companies. I guess timeshare owners have "stupid" written on their foreheads because we originally fell for the sales pitch at our resorts. :annoyed:

Don't feel bad, I did it twice! (first w/ Timeshares only, then with BlueBay Advisors)! I called the BBB portion of Timeshares only and asked for my money back and they said I'll have a check in ~15-30 days. You need to speak with Keren Medina at 1-800-890-1940 Ext 2233. I hope this helps both of us!

Anone who is savvy enough to take a timeshare with an unrealistic asking price of $18,000 and resell it for $36,000 would do it for herself and not for you.

and would not need your $300