How to Avoid Premier Timeshare Solutions Scams
According to the Better Business Bureau, Premier Timeshare Solutions is a company based in West Palm Beach, Florida, that claims to have buyers to purchase timeshares from consumers. It may contact consumers and offer to sell their timeshares, as long as they are willing to pay an up-front fee. After paying a fee that may exceed $2,500, the timeshare owners find that no buyers are available. Consumers can avoid scams by companies that fail to deliver on timeshare sales promises by checking references of any company that offers to sell a timeshare for them, or by marketing the timeshare on their own.
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Instructions
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Set a realistic value for your timeshare. This value has nothing to do with the price that you paid for the timeshare, because they depreciate immediately after sale like a car. Compare the asking and selling price of timeshares in the same type of area for the same week as the one you are trying to sell. Call the managers of the property to see if they have any recent sales information. Online auction sites are also a good source of pricing information.
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Select an appropriate venue to sell your timeshare. Several online auction sites are available that specialize in timeshares and Ebay has an active timeshare section. Craigslist or local newspapers are an option. Some real estate brokers specialize in timeshare sales, and may list your timeshare for an up-front fee or a commission at sale.
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Describe your timeshare honestly in the listing. Be honest about the location and the week of use. Include any maintenance fees and other charges such as real estate taxes in the description. Photos will help a buyer decide if the property is for him.
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Monitor the activity on your listing carefully. If you are not receiving much activity, a price adjustment or re-write of the timeshare listing may be necessary.
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Tips & Warnings
Always keep in mind that to become a victim of premier timeshare solutions fraud is both frustrating and an expensive mistake. So, it is better to research, plan and engage an attorney to avoid fraudulent companies.
Do not pay an up-front fee to anyone who promises to sell your timeshare, especially companies who claim to have a buyer for your unit. Scam artists often make these claims, and will only arrange the sale after you pay an upfront fee. If someone offers to sell your timeshare for a fee, make sure that the terms of the agreement allow for you to pay the after the completion of the sale.
