5/11/2010 3:07 PM (PST)
The company is Accredited with the BBB in LA and currently has a B+ rating and no complaints filed. You can access the full report by clicking "View BBB Report" above. We also show they have 2 positive reviews posted here on TrustLink, which you can view by clicking "View Reviews" above.
When shopping around for a company to sell your timeshare, there are legitimate title transfer companies that will actually purchase a timeshare, and the benefit to the timeshare owner is that when closed, it gets them out from under the continuing obligations for common area fees. But the whole industry is hot with scams and fraud.
Be aware of a sequence of slick sales tricks - here are some scenarios:
1) The timeshare company offers to list your timeshare and you pay them a marketing fee, but after a few months when it doesn't sell they try to upsell you into an upgraded marketing package of some sort for more exposure (and more money) with so called guaranteed results.
2) After a few months of it still not selling they then offer to do you a favor and take it off of your hands for free so that you don't have to pay the monthly maintenence fees. The monthly expenses are a cost burden to many people who become desperate to get out from under these. These companies know that and use it against you.
3) They try to convince you to turn over the timeshare and "take it off of your hands" for free - now they really start marketing your timeshare, which they now own, and they sell it at a profit. The point is that the only timeshares they are actually selling are the ones that they themselves own through their process of psychologically wearing down so many timeshare owners and convincing them to give up their timeshare properties.
5/18/2010 10:35 AM (PST)
Just to clarify, Transfer Smart is in no way a Timeshare Resale or Listing Company. Transfer Smart assists timeshare owners with an exit solution so they do not have to continue paying for the timeshare. Transfer Smart removes the timeshare from the current owners name in a very simple and straightforward process. Timeshares as a whole don't have much value, and in many cases can't even sell on ebay for $1. There are a few exceptions, but they are pretty rare these days, hence why the resale companies can't sell anything and have so many complaints.