The "scam" in this area is that they have you pay them up front to advertise the property for sale. There is no guarantee the property will sell (or even that they advertised).
Traditional real estate agents take their commission and expenses out of the sales price so you don’t pay unless and until the property sells.
The Better Business Bureau report for the company says that the company opened in June 2010. With that fact and you saying that they have a buyer waiting in the wings and want money upfront to pay for closing costs, I’d be very wary. This is a common timeshare resales scam tactic.
This comes from the Florida Attorney General:
"In some cases, the salespeople may even tell you that they have a buyer waiting in the wings who wants to buy your timeshare. Be skeptical of these types of claims. Remember the timeshare market is not "hot" and it is unlikely that there is a buyer ready and willing to buy your timeshare."
Hi – I was contacted this afternoon,by Mike Westin of International Resort Sellers – said he had a buyer from the UK for my timeshare and the offer was $6,000 more that what it is listed for on a couple of websits. I have to pay for title search, transfer, owner transfer etc.. a fee of $2,183. He wanted to consumate the deal today as the "approval" would not hold any longer and then asked for my bank account information as they cannot proceed without a financial commitment from me. Anything that sounds too good to be true, usually is – he did give me until the morning of the 26th and I am doing my due diligence tonight. Will you share details of your call?
Do not give them any information. This is a scam, once you give your information they dissconnect the phone of the person you dealt with. Then they tell you that person was fired for conduct, to make them seem legit. In end you will lose your money, I’m trying to help one of my Senior clients who was taken for $4000 and I’m getting no where. Hope this helps.
The "scam" in this area is that they have you pay them up front to advertise the property for sale. There is no guarantee the property will sell (or even that they advertised).
Traditional real estate agents take their commission and expenses out of the sales price so you don’t pay unless and until the property sells.
The Better Business Bureau report for the company says that the company opened in June 2010. With that fact and you saying that they have a buyer waiting in the wings and want money upfront to pay for closing costs, I’d be very wary. This is a common timeshare resales scam tactic.
This comes from the Florida Attorney General:
"In some cases, the salespeople may even tell you that they have a buyer waiting in the wings who wants to buy your timeshare. Be skeptical of these types of claims. Remember the timeshare market is not "hot" and it is unlikely that there is a buyer ready and willing to buy your timeshare."
Hi – I was contacted this afternoon,by Mike Westin of International Resort Sellers – said he had a buyer from the UK for my timeshare and the offer was $6,000 more that what it is listed for on a couple of websits. I have to pay for title search, transfer, owner transfer etc.. a fee of $2,183. He wanted to consumate the deal today as the "approval" would not hold any longer and then asked for my bank account information as they cannot proceed without a financial commitment from me. Anything that sounds too good to be true, usually is – he did give me until the morning of the 26th and I am doing my due diligence tonight. Will you share details of your call?
Do not give them any information. This is a scam, once you give your information they dissconnect the phone of the person you dealt with. Then they tell you that person was fired for conduct, to make them seem legit. In end you will lose your money, I’m trying to help one of my Senior clients who was taken for $4000 and I’m getting no where. Hope this helps.