Avoiding Scams On The Internet
Hundreds of web sites of non-licensed timeshare advertising companies have sprung up on the web.
Many of them in appearance 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 web search engines, have been kicked-out due to unresolved complaints.
Many articles abound on the net about the ingenious ways that have been utilized to bilk money
out of timeshare owners for various bogus non-refundable upfront fess or disguised upfront fees
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.
Be sure if you do employ a timeshare agency, to protect
yourself from wasting money on upfront fees, appraisals, and unscrupulous advertising websites,
is to list for sale 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,
and only if the sale and all the money is handled by a licensed, bonded closing agency!
An appraisal is nothing more than an
estimate of value based upon offer and acceptance, and if a broker is actually selling timeshare,
he should be able to substantiate a true and fair resale market value.
