Many transfer companies want to come to your house, meet at a hotel or attend a presentation. With Certified Resort Services, we have simplified the process and made it convenient for you. 100% online, 100% transparent. And if you have questions, you can reach us Toll Free, Live Chat or Email. Low prices, Professional Service, Transparent Process...... Certified Resort Services.
While the BBB ranks many companies, few are actually accredited. Contrary to popular belief, accreditation does not guarantee an A rating. Actually, accreditation gives the BBB more access to information about the company so they can give a more accurate rating. To find out more about BBB accreditation, click here and see what makes us special! https://www.bbb.org/council/for-businesses/about-bbb-accreditation/bbb-accreditation-standards/
Unlike other companies who have made it their business to attack the timeshare industry, CRS has spent the last seven years developing positive relationships with developers to help ensure seamless transfers. Large companies like Festiva Development group and regionals such as Inn Season Resorts are just a couple of the resort developers that CRS shares relationships with. This is just one more reason to trust Certified Resort Services with your timeshare transfer.
As noted throughout this website, one of the top reasons for owners to want to part company with their timeshare or vacation ownership is that they feel they are not seeing any value. It may be because they own a property with a lack of trading power/options, because they don't have enough points to get the most usage out of it, or simply because they just don't know what they own. In the big scheme of things, timeshare sales take place in a relatively short period of time. A typical sales presentation, from front to back, generally will last somewhere between 3 and 5 hours. You could spend that much time looking at an RCI catalog alone. And many owners just don't have or can't take the time to figure out how to maximize their ownership and get the usage they desire. The American Resort Development Association (ARDA) has a very informative guide called "Understanding Vacation Ownership". It is 17 pages long, yet a very easy read. It gives owners the fundamentals of ownership, a solid understanding of timeshare lingo and some great insight into timeshare, right to use and other vacation ownership plans. We have inserted a copy below to help you make a good decision about your ownership. Be sure to read it, it is well worth the 10 minutes.
Other Transfer Companies
There are over one hundred "transfer" companies that are active in this industry. Other than pricing of fees, what separates these companies when it is all said and done? First of all, there are really only 2 types of "transfer" company.
1. Transfer Company: Physically facilitates the transfer from one owner/entity to another owner/entity. This would include, but not be limited to:
A. acquiring necessary documentation from original owner, such as deed, points or rtu certificate, power of attorney, authorization to release information, estoppel, etc.
B. Identifying a new, maintenance fee paying owner or negotiating with the resort/HOA for reacquisition. A new, maintenance fee paying owner may be an individual, a travel club, a rental company or other entity which commits to ownership and maintaining current fees.
C. Prepares all necessary documentation for transfer to be submitted to a title company for deed recording (or prepares resort specific documents for "right to use" or "points based" plans.
D. After completion of title transfer, a transfer company will notify the resort/HOA of the title change, submit supporting documentation and any "resort transfer fees" or other fees that that resort/HOA may require to complete the transfer process.
E. Transfer company then notifies both original and new owner of the completed transfer
2. Relief-Sales Company
There are many sales organizations which hang themselves out as "transfer companies". The truth of the matter is that they do little more than promise services that they do not actually provide themselves. These companies utilize various methods to present their sales "pitch" to timeshare owners. The vast majority of these presentations present owners with a "doom and gloom" scenario. Owners sometimes make poor decisions based on unfounded and inaccurate information and pay large sums of money to avoid the impending doom. When it is all said and done, the "relief" company pays an actual "transfer" company a fraction of the fee to actually facilitate transfer. This can create ugly situations for both the owner and actual "transfer" company. The process can easily be misrepresented by the relief company to close the sale. When things go awry, the owner can become confused as to the relationship between the sales company that they contracted with and the entity that is actually performing the service. Needless to say, a snowball effect can occur leading to a nightmare for all involved. Worse yet, some "relief" companies do not even send the transfers to a third party. In order to maximize their bottom line, it is not unusual to see instances where:
1. Property is deeded to a defunct corporation or entity.
2. Property is deeded to a "shill" who has no intentions on paying future maintenance fees.
3. Property is deeded incorrectly, causing problems with title which render it "clouded".
4. Nothing happens and "relief" company disappears, changes names or goes out of business.
In all of those scenarios, liability can bounce back to the owner. Do not fall victim to these types of unsavory business practices. This is a challenging industry and you need to make yourself aware of the potential pitfalls. Before selecting a transfer company, you should do the following:
A. Ask yourself if you really want out of your timeshare or if you are just frustrated because you don't know how to use it.
B. Ask the company if they actually do the transfers themselves or if you are being sent to a third party.
C. Ask the company if they are or work with a licensed real estate broker.
D. Ask the company which title company will be used to facilitate the transaction.
And always check the BBB. If you find that your company has been in business for more than a couple of years, has a "B" or better rating and has no complaints, make sure you ask some questions. This is a difficult industry and complaints come with the territory. If they have zero complaints, there is a good chance that they do very little business, lack experience and/or send their transfers to a third party. We aren't saying they are all bad, but do your due diligence.
While domestic timeshare transfers can sometimes be difficult, international ownership can pose a much greater set of challenges. Laws regarding timeshare, right to use, points programs and real estate ownership can be blurred and hard to decipher. And if that wasn't enough, in many cases there is a language barrier and this can result in misinterpretation of the rules and laws that govern ownership. And while this may create certain difficulties, it can also act in favor of the owner. The one thing that is common with almost all ownership laws and rules is that it is critical that the owner understood what he/she was purchasing. To navigate these waters, you need a company with experience. You can contact an attorney, and for a sizable retainer, hope that they know about timeshare law, or you can speak with us. Our large network of industry professionals can help you on the right path to relinquishment of your international timeshare ownership.