What are timeshare resale companies and how do they work?
These are companies that deal in the selling of timeshares that have been previously owned. The companies sometimes own the property they are selling but usually do not. Therefore, they can only act as third party agents or brokers for others. There are resale companies that will help you sell your timeshare and let you pay a commission at closing. Others try to get you to pay a fee up-front for advertising, an appraisal, etc. We suggest you investigate any company you consider doing business with before signing a contract to allow them to sell your timeshare. Once you have paid money up-front, it is almost impossible to get it back if the company does not follow through with their part of the deal. More often than not, the ones that charge up-front listing fees and promise unbelievable profits do not sell your timeshare. They take your money, you still own the property, and you are still responsible for all of the fees associated with your timeshare ownership even though you paid them
