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kekouri wrote:How are you working to fix Florida's laws? What can I do to help?Every advisor I know says to pay for a service AFTER results are completed. If they need a SMALL amount upfront....OK....I guess they need a 'little bit'...but the biggest payoff should happen at the end of the transaction.Most of the year, I live in NJ, and I guarantee this state says timeshares and fractional use with a deed IS REAL ESTATE. And no one in the state can sell or buy Real Estate without a Realtor.....except when the OWNER deals directly with a Buyer.
Any fees obtained from the direct ot indirect sale of realty is a violation f state law....so, I don't know if you could legally have your firm sell a unit in NJ to another in NJ.....but if you want, I could check with the Commission.
( And to think they came to arrest me because I might get 40,000 points from Marriott for a referral to sell a T/S....) ( As a referral, I was an agent for Marriott....no $$$ but a reward counts...if a NJ person bought while I live here, and I was the referral....you can guess the rest. (If I has a RE license, it would be OK to get those Marriott Reward points).
Working to fix Florida's laws, and it will come about.
Jay K.
Last edited by timepro on Oct 15, 2007 06:18 AM
It's pretty simple.....never ever pay a fee to sell your timeshare beforehand.....no matter what.
The companies just move from name to name....website to website....creating new names once they have been lambasted on blogs on an old. They never sell....they quote sales prices that are lies....they quote that they are able to give tours of resorts they are not.
Unfortunately, the vulnerable are the people that don't realize their $30K timeshare has depreciated to 1/10th it's value and when they hear someone state they will get them $30K at sale, they get suckered in and pay the $500. They still have a $3000 timeshare and now are out $500 effectively lowering the price to $2500 net.
It's pretty easy to figure out the value of your timeshare....look at others and yours will sell near the bottom of current listings. Same as regular real estate. Look at prices and that is what yours is worth. If the resort isn't a dust bucket that hasn't been updated in a bad location, you can keep lowering the price and it should move.
It's all a crock....don't sell through them.
Chris S.
chris1180 wrote:It's pretty simple.....never ever pay a fee to sell your timeshare beforehand.....no matter what.The companies just move from name to name....website to website....creating new names once they have been lambasted on blogs on an old. They never sell....they quote sales prices that are lies....they quote that they are able to give tours of resorts they are not.
Unfortunately, the vulnerable are the people that don't realize their $30K timeshare has depreciated to 1/10th it's value and when they hear someone state they will get them $30K at sale, they get suckered in and pay the $500. They still have a $3000 timeshare and now are out $500 effectively lowering the price to $2500 net.
It's pretty easy to figure out the value of your timeshare....look at others and yours will sell near the bottom of current listings. Same as regular real estate. Look at prices and that is what yours is worth. If the resort isn't a dust bucket that hasn't been updated in a bad location, you can keep lowering the price and it should move.
It's all a crock....don't sell through them.
Except for the fact that timeshare is NOT real estate, so it is NOT the same. It's a week you own with 51 other people out of the year, not an actual tangible piece of property. You cannot paint the walls of your timeshare unit, but you can paint the walls of your house. Therefor, it is not sold the same way as real estate. How many resorts have you passed with 52 for sale signs outside of them from owners trying to sell their week?
And the scams that you are referring to, don't change their name, they close their doors completely and find a different product to sell entirely. Those are refferred to as "fly-by-night" companies. IBD-Marketing has been in business and kept the same name for approx. 6 years now. To see truth to these facts, go to www.sunbiz.org, and do an entity search for Integrated Business Dynamics. We are the first one on the list. This is also helpful for ANY businesses located in florida that you are unsure of, as they provide information such as address changes, name changes, etc. on all FL corporations.
Toni W.
toniw8 wrote:chris1180 wrote:It's pretty simple.....never ever pay a fee to sell your timeshare beforehand.....no matter what.The companies just move from name to name....website to website....creating new names once they have been lambasted on blogs on an old. They never sell....they quote sales prices that are lies....they quote that they are able to give tours of resorts they are not.
Unfortunately, the vulnerable are the people that don't realize their $30K timeshare has depreciated to 1/10th it's value and when they hear someone state they will get them $30K at sale, they get suckered in and pay the $500. They still have a $3000 timeshare and now are out $500 effectively lowering the price to $2500 net.
It's pretty easy to figure out the value of your timeshare....look at others and yours will sell near the bottom of current listings. Same as regular real estate. Look at prices and that is what yours is worth. If the resort isn't a dust bucket that hasn't been updated in a bad location, you can keep lowering the price and it should move.
It's all a crock....don't sell through them.
Except for the fact that timeshare is NOT real estate, so it is NOT the same. It's a week you own with 51 other people out of the year, not an actual tangible piece of property. You cannot paint the walls of your timeshare unit, but you can paint the walls of your house. Therefor, it is not sold the same way as real estate. How many resorts have you passed with 52 for sale signs outside of them from owners trying to sell their week?
And the scams that you are referring to, don't change their name, they close their doors completely and find a different product to sell entirely. Those are refferred to as "fly-by-night" companies. IBD-Marketing has been in business and kept the same name for approx. 6 years now. To see truth to these facts, go to www.sunbiz.org, and do an entity search for Integrated Business Dynamics. We are the first one on the list. This is also helpful for ANY businesses located in florida that you are unsure of, as they provide information such as address changes, name changes, etc. on all FL corporations.
If it's such a straight forward business, why don't you charge a fee after sale. The fact that you charge an upfront fee shows 1) a lack of confidence in your ability to deliver and 2) that you aren't a legitimate real estate entity because those brokers that do specialize in TS sales can't do that.
Start providing your services for free or if it's just a marketing service than admit that your competing against the $35 fee of redweek and other straight forward ad sites.
Stop charging grandma $500-$1000 with stories of selling her timeshare at near book value and then stating you can't show proof because of client data protection on something that is a public record.
Timeshare sales people have given timeshares a bad rap to some extent.....companies like yours are what really dematerialize the industry all together.
Chris S.
I honestly don't know why Marty, Maurice and the rest of the staff at Redweek are allowing this shill from IBD (toniw) to continue posting here. IBD is an upfront fee scam business, period, and I for one am tired of arguing with her. The only thing I know to do is to reply to her future posts with BLAH, BLAH, BLAH, ALL LIES and I will do so until this shill is banned from this site for using it to advertise her scam company.
R P.
jayjay wrote:I honestly don't know why Marty, Maurice and the rest of the staff at Redweek are allowing this shill from IBD (toniw) to continue posting here. IBD is an upfront fee scam business, period, and I for one am tired of arguing with her. The only thing I know to do is to reply to her future posts with BLAH, BLAH, BLAH, ALL LIES and I will do so until this shill is banned from this site for using it to advertise her scam company.
Well, it might be useful to look at this another way... This parasite (and the others of similar ilk who come and go here) do such a remarkably poor job of presenting any kind of credibility or logic that they actually do a better job of discrediting themselves than others of us could ever really hope to achieve.
All we can do here in the final analysis is continue to educate the timeshare public, so that they can learn and assimilate for themselves that NO ONE ever needs these upfront fee parasites to sell a timeshare, and NO ONE EVER needs to pay any more than the small fees required to place THEIR OWN classified ad on assorted timeshare sites visited by thousands more people than these parasites could ever hope to reach in a decade. STARVE these parasites out of existence and they will disappear from the timeshare landscape --- and good riddance to them. Any parasite needs a host in order to survive. Deny a parasite a host and it will not survive.
KC
Last edited by ken1193 on Oct 17, 2007 11:54 AM
They don't listen. Ive written once to the AG...no response. I was commenting on the problems noted on TUG. I think THEY WANT the people with the problems to complain....
We (tug) used to have a link to the Fl Real Estate timeshare division, and we could also e mail them....but that seems to have disappeared.
I guess they WOULD listen if I were a Fl Resident. We will probably change residency this winter....maybe it will help stop the RE taxes from going up so much. I also think the NJ RE Commission may be trying to change the rules, as when I bring up the problem at any Marriott Owners meeting ( when they say I CAN collect the 40,000 points, I wonder if someone was able to 'adjust' the law....not sure.
I'd have a lot more power if I was the one paying for nothing.
And could I ask a professional Realtor a question? Why does Toni insist that a timeshare deeded week or fractional is not real estate? Why do we all pay real estate taxes on the product? Is she mis informed? Not trained correctly?
Trying to make sure any possibilities of someone using the company she represents would avoid them? This is why anyone who tried to 'help' give info on the public website about their company would be fired unless the company knew what info was given out ...(from a real company).
Judi....if prices continue to go down, pretty soon it might be cheaper to buy a yerar round condo in SE or SW Fl.....look at the Century Village listings for 55 & up now....some less that $40,000.
And Marriott wants to sell Marco Island units for $60,000 for one week???
timesharejudi wrote:How are you working to fix Florida's laws? What can I do to help?
In a few months, I'll ask for your help for contacts. I will contact you on your website ( I am KenK on the Forums, Tug & TA ) If you need info on the Hollywood/Ft Laud T/Ss I can try to help with that, too. (When I get there)
Kenneth K.
Last edited by kekouri on Oct 17, 2007 01:44 PM
I insist it's not real estate because once again real estate is TANGIBLE. A week is NOT, a week is TIME. And as far as taxes are concerned, if Uncle Sam could tax you for just breathing, you and I both know he would. Am I misinformed? Not trained correctly? Call our customer service (877-267-2125) and ask the owner of the company as he checks what I post before I post it. You won't be seeing me lose MY job for misrepresentation. Funny you state "from a real company". Check us on www.sunbiz.org, do an entity search for the name Integrated Business Dynamics, and then tell me we're not a real company. We've been in business for over 6 years, and stayed in business under the same name, as we obviously do what we say we will do...which is get the job done. Why would you ask somebody who has nothing to do with us for information she obviously wouldn't have? So you can really get a MISINFORMED answer? And the AG and D.O.A have investigated us several times, they can't prosecute us if we're not guilty of anything. It's a shame we have to take the black eye for the original scams, but some people just don't know how to get over the fact that things change, and some people have actually found a way to make the resale market work with the right tools and man-power.
Toni W.
toniw8 wrote:AG and D.O.A have investigated us several times, they can't prosecute us if we're not guilty of anything. It's a shame we have to take the black eye for the original scams, but some people just don't know how to get over the fact that things change, and some people have actually found a way to make the resale market work with the right tools and man-power.
I have been away few days and see on my return this post is still going! Its like a snake that the head was cut off and it keeps moving.
The fact that your company has been investigated by your state AG and the D.O.A says that there have been complaints about your upstanding honest company. They don't just show up one day because they had nothing better to do!
If your company is everything you have stated and getting bat rap because of the low-life scam artist of the past then just change.
All you need to do is charge a percentage of the sale on each timeshare you sell after the sale is completed. This means the higher amount you sell for the more money in your pocket!
This seems so easy and HONEST and timeshare owners will not be knocking you or your company.
Everyone wins and we all ride off into the sunset as happy campers! PHILL12
{toniw8)wrote:
I insist it's not real estate because once again real estate is TANGIBLE, a week is not. A week is TIME and as far as taxes are concerned. =======================================
If my property isn't real estate then why for years have I been paying the State of Nevada property tax and deducting from my taxes each year!
Phil L.
Last edited by phill12 on Oct 18, 2007 08:17 AM
toniw8 wrote:I insist it's not real estate because once again real estate is TANGIBLE. A week is NOT, a week is TIME. And as far as taxes are concerned, if Uncle Sam could tax you for just breathing, you and I both know he would. Am I misinformed? Not trained correctly? Call our customer service (877-267-2125) and ask the owner of the company as he checks what I post before I post it. You won't be seeing me lose MY job for misrepresentation. Funny you state "from a real company". Check us on www.sunbiz.org, do an entity search for the name Integrated Business Dynamics, and then tell me we're not a real company. We've been in business for over 6 years, and stayed in business under the same name, as we obviously do what we say we will do...which is get the job done. Why would you ask somebody who has nothing to do with us for information she obviously wouldn't have? So you can really get a MISINFORMED answer? And the AG and D.O.A have investigated us several times, they can't prosecute us if we're not guilty of anything. It's a shame we have to take the black eye for the original scams, but some people just don't know how to get over the fact that things change, and some people have actually found a way to make the resale market work with the right tools and man-power.
Blah, Blah, Blah all lies from a shill upfront fee resale scammer. One more time .... if you charge an upfront fee then you're scamming people. That's about as simple as it gets. As phil says, until you take a percentage AFTER the sale and not BEFORE, then you are a scam.
Gosh, business must be slow with all the free time you have. It's good that we're getting the word out.
R P.
toniw8 wrote:I insist it's not real estate because once again real estate is TANGIBLE. A week is NOT, a week is TIME. And as far as taxes are concerned, if Uncle Sam could tax you for just breathing, you and I both know he would.Response 1
Toniw8, if you own a timeshare, please refer to the warranty deed conveying the property to you. You will see that you own a fractional interest in real estate described as unit ____ and week ____. The deed will contain language similar to this: "Grantor does hereby fully warrant the title to said land . . ." Land is real estate and it is tangible. You cannot paint your unit or change the drapes because of the declaration filed in the real property deed records by the developer when the timeshare was first offered to the public. The declaration is a binding deed restriction that prevents you from painting or otherwise disturbing the property. But, you do own a fractional interest in the land. The warranty deed is filed in the deed records for real property not the personal property records for intangible property.
You say Uncle Sam would tax you for breathing and therefore he taxes your timeshare. Your lack of training is really showing with that statement. Uncle Sam does not tax your timeshare. The local taxing authorities tax your timeshare and they collect ad valorem taxes also known as real estate taxes.
Am I misinformed? Not trained correctly? Call our customer service (877-267-2125) and ask the owner of the company as he checks what I post before I post it. You won't be seeing me lose MY job for misrepresentation.
Response 2
Toni, you would lose your job if you worked for me for claiming that a timeshare is not real property and for claiming that Uncle Sam taxes it.
Funny you state "from a real company". Check us on www.sunbiz.org, do an entity search for the name Integrated Business Dynamics, and then tell me we're not a real company. We've been in business for over 6 years, and stayed in business under the same name, as we obviously do what we say we will do...which is get the job done. Why would you ask somebody who has nothing to do with us for information she obviously wouldn't have? So you can really get a MISINFORMED answer? And the AG and D.O.A have investigated us several times, they can't prosecute us if we're not guilty of anything.
Response 3
Toni, you may not be technically guilty of any crime and I am sure that attorneys have reviewed your contracts to ensure that you conform to state laws where you do business but the public certainly should be warned that it is highly unlikely that a sale will result from their payment of upfront fees for your services.
It's a shame we have to take the black eye for the original scams, but some people just don't know how to get over the fact that things change, and some people have actually found a way to make the resale market work with the right tools and man-power.
Toni, see my numbered response to each of your claims above.
Toni, there is a crying need for someone out there who makes the resale market work and if you have discovered the magic formula for reselling timeshares, it seems you would be willing to collect your fee after the sale rather than before. Such action would certainly enhance your reputation and remove the black eye you mentioned above. The world will beat a path to your door and children will bow down when you pass if you are as good as you claim and you change your business model to collect fees after you have sold the timeshare rather than before!
Carvan A.
Last edited by carvana on Oct 17, 2007 07:38 PM
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