Not only should you look for companies with A or B ratings, you should look to see if they are accredited. The reason why they do not have up front pricing is because they will base their pricing on how much your are willing to pay, not a fair price determined by true costs. Be wary of anyone who does not offer up front pricing and requests a home visit or “full consultation”. Instead we think you should use a company that provides up front pricing, so you know what you are getting into going into it. That is a great question, our recommendation has always been to use a company that does not use high pressure tactics and trickery, wanting to take you to dinner or come to your house to “discuss your options”. How Do You Know Who To Trust When Looking For A Timeshare Transfer Company? Quick Tip: It is probably a good idea for you to google the name of your transfer company and the name of your resort together to see if this could be holding up your transfer. They sold owners on the fact that they could cancel legal mortgages, charged exorbitant fees (up to ½ the mortgage balance or more) and then hired 3rd party attorneys to send letters to the resorts. Some of the transfer companies offered “mortgage cancellation” services. The irony is that these lawsuits did not arise from actual transfers. Many of the larger transfer companies (including the largest) are in the midst of litigation with some of the world’s largest developers. It can also mean that your transfer company is having difficulties with your resort. If you are still waiting it usually means that the “transfer” company cannot find a third party to assist in the transfer.
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We give you step by step instructions on how to understand your Money Back Guarantee so you can do everything possible to get your money back from a Timeshare Exit company that hasn't delivered on their promise. There are many ways to get some or all of your money back. So not only are you paying for the resort transfer fee, you are also paying for the company to purchase leads, advertise on radio, television, newsprint, internet, and social media, hire high profile spokespeople, hire legal counsel, hire and pay commissioned sales people, pay rent for multiple locations, pay for travel, not to mention the 6 and 7 figure salaries that owners and management make. They are simply a sales and marketing behemoth who hires 3rd parties to actually do the transfer. We also know that the LARGEST “transfer” company in the US is not a transfer company at all. This info comes from doing business with hundreds upon hundreds of resorts over the past decade. We know for a fact that the percentage of resorts that charge more than $1000 (including fees) to transfer your timeshare is very low (less than 5% of all resorts). How Do I Know If I Paid Too Much For My Timeshare Transfer?įirst off you know you paid too much if you paid more than $3000 to get out of your timeshare, there I said it (because no other websites are going to). In all of these instances, owners choose to purchase the service to get out of their existing timeshare. They go to a presentation for timeshare or a travel club and are offered the opportunity to “trade in” their timeshare contingent upon the purchase of another timeshare or vacation club.They receive a “cold call” from a salesperson who is calling them from a list.They hear an ad on the radio or television, or a paid for “testimonial“ from a famous on air personality.There are hundreds to choose from with all claiming to be “guaranteed”. They want out of their timeshare and search out companies on the internet.There are generally 4 ways that owners are introduced to “transfer companies”. We will also cover how you can get started in the right direction if this is your first time trying. In this article we are going to cover a couple problems that happen over and over when people use certain companies to “exit” their timeshare ownership, and what you can do about it.