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Mon, Mar 04 2024, 10:43:21Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1234[5]678910 ]
Subject: Timeshare resale


Author:
raccoon
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Date Posted: Sun, Nov 09 2003, 14:32:39

I have paid up the full sum of a timeshare (close to 9k), however the service is not up to expectations, what options do I have besides reselling it?

And there is a local firm that handles timeshare resales - www.maestro.com.sg, has anyone tried their services and are they effective and efficient? I believe they ask for US$350 (or is it SGD) for their services and guaranteed to sell or refund. They did not mention how long they may take to sell it, if they take like 10 years there's no point. Appreciate any comments anyone may have. Thanks.

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Replies:
[> Subject: Re: Timeshare resale


Author:
Edwin
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Date Posted: Sun, Nov 09 2003, 15:00:20

You may want to try visiting websites such as:-
http://www.timeshare.org.uk/sell_web.html and it's related links to understand more about selling timeshares.

Edwin

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[> Subject: Re: Timeshare resale


Author:
Mariner
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Date Posted: Tue, Nov 11 2003, 11:45:04

Like I mentioned in the other thread, it will be a long road to recovery as my broker had told me. Time is really the factor in resale. However, my broker is now in trouble as he went missing as I read over ST Sunday's paper. I am equally sceptical now about resale program. I had attended 2 other brokers prior to signing up with the current one which I had engaged. Anyone out there has any success so far?

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[> Subject: Re: Timeshare resale


Author:
casey
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Date Posted: Tue, Nov 11 2003, 18:16:15

Hi,

I am pretty new in this forum. Before posting this message, I had read thru a number of messages from Chun Nam, Desmond, Rai, Harris, etc. I share the similar experience with Chun Nam but the resort I bought was in 1996, I think so. I did engage a local timeshare resale company (appeared in Sunday Times on 9 Nov 2003) in 2000/2001 to get rid of an unused timeshare I had bought by paying a fee, should be around $358. He promised a lot of things but actually just sit on it and do nothing. After half a year, when we did not see any result, we looked him up and persuaded us to "upgrade" so that he could get it sold for us. However, he did not do anything to it.

So, my advise to racoon is not to be engaged in any resale plan no matter how many things the resale agent promised you, how nice he talked to you. Rather, I would urge you to join us in fighting the legal case with LGM. We need to get to the root of the problem!!

For all the friends that have the same suffering as me, please let me know your latest activities such as discussion and gathering, by my e-mail at casey_kwan@yahoo.com.sg. Thanks.


Best Regards
Casey

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[> [> Subject: Re: Timeshare resale


Author:
Mariner
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Date Posted: Thu, Nov 13 2003, 15:12:50

Casey,

I went to the same broker you did, forked out another 1000K but but then.. now... as you already read in hte papers about what happen to him... seems like they are out there to make money... but not really doing anything

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[> [> [> Subject: Re: Timeshare resale


Author:
Wong
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Date Posted: Thu, Nov 13 2003, 16:56:21

Hi Mariner and Casey,

Thanks for your info!

I was trying to get rid of this nonsense contract, and been told the only way to get out of it is to make the full payment and resell it thru broker.

After i read a couple of message in this forum, i realise that resell it isn't a good way. I'll stop paying my installment from this month onward.

Thanks

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[> [> [> [> Subject: Re: Timeshare resale


Author:
Mariner
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Date Posted: Fri, Nov 14 2003, 9:23:04

Just remind me of one of my former colleague. He too signed up and pay something like 20K+ for his plan and then found to his dismay using his 1st week in Australia. Found it some what run down, remote and far away from convenience, unlike what was told to him. He went back to the company and asked for cancellation (obivously you know the answer). He then went to CASE to settle the this. Same old thing from CASE, nothing could be done after CASE send a letter to the company. He then decided enough is enough and stop paying anything from then. To date, he had paid nothing. I don't actually know the details, but was related to me by anohter colleague sitting beside him.

Anyway, this colleague of mine had since migrated to Australia without even informing the company. Simply cut off from them. Wonder how are they going to trace him?

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[> [> [> [> [> Subject: Re: Timeshare resale


Author:
casey
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Date Posted: Fri, Nov 14 2003, 10:26:26

Wong

I'm glad that you benefit from this forum, I just had to say that me and Mariner pay a heavy price to learn this lesson. That John Tan (the timeshare resale company MD) is a crook, he had cheated a lot of people. He is a bit fat and wear glasses, should be around 1.7 m tall, just in case you may encounter him in the future. It's a pity I do not take a picture of him that I will publish in this forum to warn everybody. Now he is under investigation CID which is a good news to all of the victims, and hopefully, he got his punishment ultimately.


Regards
Casey

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[> Subject: Re: Timeshare resale


Author:
Harris Setiono
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Date Posted: Wed, Nov 12 2003, 3:17:56

Hi raccoon, I am also in yr position at LGM. I was told by my friend who works at RCI, such company wont sell your timeshare, they only out to con us further.They wil say that they will sell for you say 1-2yrs, but norhing is done and will demand comission from you whether can sell or not.The only way is to combine together with rest victim and pursue them for a cancell and refund.At same time we build our network to inform regarding such scams to members of public,so that these con people will have no new victims to feed them.Cut off their life support until they weak, and then we attack.
rgds

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[> [> Subject: Re: Timeshare resale


Author:
Deon
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Date Posted: Fri, Nov 14 2003, 11:38:30

anyone heard of this resale co.: vanasia consulatancy? They say they can sell my timeshare within 12 mths, but I hv to pay $750 for advertisement, legal, etc.. This money will be refunded to me if they can't sell my timeshare in 12 mths. U guys think i shld pay the $$ and engage him to sell my timeshare?

another timeshare resale co, mastreo (person in charge is Mr Lim), which i registered and paid S$387 a year ago, did nothing at all to sell my timshare. Whenever I emailed him to check the status of my timeshare, he gives me the same reply: couldn't find a buyer now cos' times are bad, economy not doing well.

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[> [> [> Subject: Re: Timeshare resale


Author:
casey
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Date Posted: Fri, Nov 14 2003, 13:51:38

Dear Deon

First of all, I had never heard of vanasia consultancy. Secondly, I am seceptical about all the timeshare resale companies. You had the bad experience before already, my advice is not to waste money and time furthermore. These companies are just crooks going all out to get your money but doing nothing. The tactics they used are somehow the same. Please don't trust them anymore.


Regards
Casey

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