So you've placed your "for sale ad"
on the Internet. Then what?
The Lights Are On, But Nobody Is Home. That expression reminds us of what so
many web sites are like. Entrepreneurs who know nothing about timeshare have put up
hundreds of web sites for non-licensed timeshare advertising companies, not to
help you sell your timeshare, but to gain revenue by selling ads and/or displaying ads.
A real estate broker only makes money if he sells your timeshare. He is on commission.
Ever notice the difference in level of service when you are at a store where the salesman
is on commission? The ones not on commission try hard to sell. The ones not on commission don't care. A similar principle
applies on the Internet. We have had people tell us their timeshare sit for years
until they found us and we sold it.
Many of the ad websites look and sound very impressive, but if you go to the Better Business Bureau and enter their company name you will find many of them, even the prominently listed ones on leading search websites, have been kicked-out due to unresolved complaints. Only a licensed broker can act as an agent to sell your deeded timeshare. Non-licensed advertising companies can only refer the buyer to you. Then what do you do? You'll need a broker to negotiate the many details of the sale, handle the many problems a closing agency won't handle, and the broker must follow stringent laws for your protection. Why not just use a licensed, experienced, professional broker to begin with?! Understand that placing an ad on the net with a company with no physical location, no agents, no license, is not the same as
dealing with a licensed experienced broker to handle all the problems. Yes the problems arise AFTER you have a buyer and try to get it closed. You won't get an internet ad company to help you, so why not deal with a professional to begin with?
An article courtesy of TimeSharing Today magazine discusses wasting money for appraisals. Click here to read article.
Timesharing Today Magazine and the A.R.D.A. Resale Task force have published that they
are questioning the policy of some resale companies, wherein a timeshare appraisal must be
submitted as a pre-requisite of listing a timeshare for sale. The Task Force officially
bars members from requiring an appraisal.
The above sources point out that such appraisals are nothing more than a disguised upfront fee.
Mandatory upfront fees are prohibited by law in the State of Florida.
The only sure way to protect
yourself from wasting money on upfront fees, appraisals, non-licensed advertising websites,
is to list for sale only with a licensed broker, only if the commission is
due at the close of sale and only if there are no other fees upfront no matter
what they are called!
An appraisal is nothing more than an
estimate of value based upon
offer and acceptance. We give such estimates at no charge.
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