Breaking tradition, the Loser of the Month for March/April 2017 should be entitled "Losers of the Year". The "Losers of the Year" are rogue transfer companies who overcharge for their "services". Over the last 12 to 18 months, more and more timeshare "transfer" companies have cropped up to do "house sits", "dinner parties" and "hotel meetings" to charge clients thousands of dollars to "transfer" their timeshare or vacation product interest. Upon review, we have noticed that the vast majority of these companies are nothing more than sales organizations that never actually do the transfer work. This is not to say that some of the properties do not get transferred, but most go to 3rd party organizations to complete the work at a much lower price, creating a nice margin for the sales organizations. Before you spend tens of thousands of dollars to "relieve" yourself of your timeshare, ask a few questions:
1. Does it have value? Check eBay to see if any units like your are selling in the secondary market.
2. Will my resort take it back? Contact owner services and see if they have a buyback program.
3. Who is actually facilitating the transfer? Ask the representative "who" will actually be doing the work.
4. What is the process? Ask what will happen, step by step, to see how knowledgeable your representative is and if it makes sense to you.
This will help you separate the winners from the losers.