Timeshares Only, a timeshare resale company based out of Orlando, FL and operating from 2009, claims to help timeshare owners sell their timeshares.
An Analysis of Timeshares Only’s Website
The Timeshares Only website explains that they charge up-front fees for their service, which consists of advertising a no longer wanted timeshare for sale or rent. This is something to be wary of. It is important to note that most timeshares lose 50-90% of their value as soon as they are purchased, as evidenced by the plethora of $1 Ebay timeshare listings with no active bids online. The fact that the company charges an up-front fee for a timeshare that might not sell at all is a bad sign.
On their website, Timeshares Only also offers a “TO GO Membership,” to relieve timeshare owners of maintenance fees while the timeshare is being advertised until it is sold or rented out. The website also claims that members of the program are guaranteed the “lowest rates on resort weeks, hotels, cruises, tour packages, and many more travel services,” which sounds suspiciously like another travel club.
Timeshares Only Reviews
Timeshares Only reviews online are mostly negative. As of 2/18/2019, Timeshares Only has a 3 (out of 5) star rating on the BBB with 10 complaints, a 3 (out of 5) star Google rating, and a 1.9 (out of 5) star rating on Consumer Affairs. Most of the positive reviews are from buyers or renters of timeshares from Timeshares Only. Negative reviews mention the company charging high upfront fees and never selling the timeshare or keeping in contact with the client.
Timeshares Only Cost For Services
The Timeshares Only cost is not made known publicly on their own website, but reviews mention the Timeshares Only cost being anywhere from $294-$600. It is unclear why this range of cost exists.
Overall, it is not recommendable to work with Timeshares Only for reselling your timeshare. If you would like to try your hand at selling a timeshare, there is low reason to pay a company like Timeshares Only to advertise for you. Instead, first try listing the timeshare yourself on sites like Ebay or Craigslist to see if you can sell it.
Unfortunately, chances are that you will find it difficult to sell your timeshare whether you work with a company or not, unless you own one of the rarer timeshares out there that tend to hold most of their value, such as those by Disney Vacation Club. If your timeshare is not valuable or in-demand enough to resell, your best bet for getting out of your timeshare commitment is to cancel the contract with the help of a timeshare exit company. These companies employ legal professionals to assist timeshare owners with achieving freedom from their unwanted timeshares.
However, importantly, you should only work with a timeshare exit company that does not charge upfront fees. Instead, find a legitimate company that offers a low up-front fee escrow payment option, which allows for customers to pay for the company’s service to a third-party holding account that only releases the funds to the business once the timeshare has been successfully cancelled. Using a low up-front fee escrow payment option is the only absolutely secure way to ensure protection from fraud.
If you want to hear more about low up-front fee escrow payment options or get more timeshare exit company advice, please fill out our contact form or engage in our live chat.