They have called me and said they have a buyer, but they need me to send them money to make sure I will not back out of selling it. They did say the money would be refunded when the sale was completed. Should I trust this company?
Does anyone know anything about Propertys Direct? Is it a legitimate company? I am trying to sell my timeshare?
Saturday, September 04th, 2010 / Joe
Category: sell your timeshare
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If they charge a big amount of money upfront then run away!!
To resale or rent a timeshare is a hard task, the basic rule is not to pay money up-front, don’t be another victim of a scam.
Unfortunately over 50% of people that really need to sell their timeshare falls for this resale scams where they charge money upfront and less than 10% of them use their only real option which is to post it or offer it trough free advertising options as much, and as many sites as they can (it is ok to pay a few dollars to post in a great place but no more that $20 to $30).
Timeshares do not have resale value and in most situations you would take a loss in what you paid for, as they resale for less than $2000 USD.
There are some free classified ads where you can start posting:
http://timeshareownerscommunity.com/
http://craigslist.com
http://ebay.com
http://recycler.com/
http://usfreeads.com/
http://www.inetgiant.com/
Their website looks relatively new, starting at the end of July 2009.
In many case, timeshare resale companies come and go. Go with a proven exit strategy rather than a run-of-the-mill resale company that might or might not help you get rid of your timeshare. Check out Timeshare Relief.