ibd-marketing

I am disappointed to see that the topic is closed. I currently have contracted with IBD-MARKETING to sell my timeshare. I have had it in their hands for the last 8 to 9 months and gotten no positive feedback. When i say feedback, i will at least like for them to get back to me with counter offers from potential buyers like other companies like TIMESHARESONLY provide you. If they were doing their job effectively, being more aggresive in their marketing, maybe all of this will be happening. They gave me this impression when i initially signed up with them early in the year, very convincing. So far i have gotten nothing from them, just the same response, "check back next week". I wish i had read up on them from REDWEEK before paying them upfront, i will probably had not gone through with it.

What i will like is some feedback from anyone out there who has had success selling their timeshare with this company. From my readings so far all the vibe i am getting is negativity. I need something positive from owners who had success to help reassure me that i have not put my money in the wrong hands.

A very frustrated owner.

davide81 wrote:

I am disappointed to see that the topic is closed. I currently have contracted with IBD-MARKETING to sell my timeshare. I have had it in their hands for the last 8 to 9 months and gotten no positive feedback. When i say feedback, i will at least like for them to get back to me with counter offers from potential buyers like other companies like TIMESHARESONLY provide you. If they were doing their job effectively, being more aggresive in their marketing, maybe all of this will be happening. They gave me this impression when i initially signed up with them early in the year, very convincing. So far i have gotten nothing from them, just the same response, "check back next week". I wish i had read up on them from REDWEEK before paying them upfront, i will probably had not gone through with it.

What i will like is some feedback from anyone out there who has had success selling their timeshare with this company. From my readings so far all the vibe i am getting is negativity. I need something positive from owners who had success to help reassure me that i have not put my money in the wrong hands.

A very frustrated owner.

Unfortunately, I will be bluntly honest and say that no such reassurance exists or is forthcoming at any time. While this upfront fee parasite didn't actually break the law by collecting an "advertising and marketing fee" from you, the fact remains that they will never sell your timeshare either. I have NEVER known an upfront fee company to EVER sell a timeshare at ANY point during the 20 years during which I have owned and studied timeshare. On Timeshare Users Group, a moderator there states openly that in over a decade with THOUSANDS of current and former members and readers' reports, a sale by an upfront fee company has NEVER been confirmed. Never means NEVER.

Unfortunately, that lost "advertising and marketing fee" is now water under the bridge. You now need to "take the bull by the horns" yourself. You have to initiate your own smarter (and much less costly) actions in order to ever sell your timeshare. You need to identify a realistic selling price and advertise it yourself on RedWeek, TUG, Bidshares (free), Craigslist (free), MyResortNetwork, even eBay. For considerably less than $100, you will get exposure to most anyone on the planet looking to buy a timeshare --- and there ain't no one looking at some obscure entity called "IBD Marketing" to do so.

Bemoaning the unfortunate mistake of paying an upfront fee parasite to do nothing useful for you will not get your timeshare sold. I don't mean to be harsh, but you really now need to become proactive in order to ever get this timeshare sold and gone.

I wish you luck and success, but you now need to exert some effort on your own behalf in order to succeed.

Ditto everything ken1193 said above. Never pay an upfront fee to a resale company to sell your timeshare. You may as well take that fee, in the hundreds of dollars, and throw it down the toilet because you'll never hear from them again.

Currently in the midst of CHASING down IBD for the Guaranteed refund if my timeshare sold elsewhere. (Which it did) They do nothing, not to mention charging my credit card immediately without having received a signed contract back from us. I will keep you all posted on the status of my refund. I will not let this go. By the way -- the Better Business Bureau rating for them is a F. That says it all. I wish I had done more research, it is embarrassing to be a victim of a scam.

Thanks for the advice. By the way, does anyone know anything about another company, Timeshares by Owner (T.S.B.O)? I received a phone call and an offer to sell my timeshare(s). They said that they are licensed and bonded and offered a money back guarantee if they cannot sell my timeshare eventually. By the way, they require an upfront service fee.

Please see this thread .... don't be a victim of scam artists.

http://www.redweek.com/forums/messages?thread_id=13315

Never ever pay an upfront fee to a company to sell your timeshare ..... it's a scam.

Hello,

By the way, does anyone know anything about this company, Timeshares by Owner (T.S.B.O)? I received a phone call and an offer to sell my timeshare(s). They said that they are licensed and bonded and offered a money back guarantee if they cannot sell my timeshare eventually. By the way, they require an upfront service fee.

All they want is your upfront fee. Their guarantees are worthless.

davide81 wrote:

I received a phone call and an offer to sell my timeshare(s). They said that they are licensed and bonded and offered a money back guarantee if they cannot sell my timeshare eventually. By the way, they require an upfront service fee.

Licensed and bonded WHAT? Eventually means what? Everyone promises a $$ back guarantee.

You've read several replys above... they will all say the same thing....no upfront fees ( above a small listing fee..like $75.00)

I just scanned some of their "SALES". Just remember, most people looking for a T/S are very computer knowledgeable. You answer this and see if you would buy these:

Celebrity Resorts...... in NJ & Fl listed. On the TSBO site....$12,000 a week. On E bay PCC One dollar.....

Manhatten Club ( NYC) on TSBO = $ 32,000 On most resale sites like redweek or even the tug classifieds...$11,000. Where would you buy? Unless you know how to price your unit to sell, it will sit & sit....while you pay maint fees up the gazoo.

BTW...the Manhatten Club maint fees have risen to almost $300 a night (includ taxes) so prices have been low.

Please list on a place where you want people to go and look, because pricing is realistic....

See the redweek lists, myresortnetwork, or any of the sites that charge a small fee to list.....yes, look at e bay go to timeshare and then enter the city and word timeshare in the search function. See if any of your resorts show....then watch, then check completed auctions and see what they sold for at auction.

You'll probably sell if you price it to sell.

David81, I'm confused.... you've had so much feedback about the scams and had admitted that your money has already been taken. Why would you turn right back around and ask about another "fee up-front" company when the advise is to pay less than $100 to help yourself by posting right on this site or another similar. It surely can't be time because the effort you made to write your question could've been used more productively to get a sale. All the best.

davide81 wrote:

I am disappointed to see that the topic is closed. I currently have contracted with IBD-MARKETING to sell my timeshare.

Dear davide81,

If it will help any, you may send your money to me, and I will call you daily, weekly, whatever you want. Rest assured your money will have a happy new home where it will be cared for and exercised frequently.

I have heard of these guys. One of their ex-employees was serving time with me in Folsom (on some unrelated charge) and he told me about how they sucker people out of their money. My auntie got scammed by Land Ahoy and these IBD folks seem like the same type of villians. Rest assured that they will have justice handed to them one way or another. What goes around comes around. You reap what you sow.

antonioa16 wrote:

My auntie got scammed by Land Ahoy and these IBD folks seem like the same type of villians. Rest assured that they will have justice handed to them one way or another. What goes around comes around. You reap what you sow.

Not so sure about that since upfront fee resale scam companies have been in business for many years. They skirt the law by saying they're an advertising site, however I cannot understand how they get away with robbing people of their hard earned money by telling one lie after the other to prospective clients (re: you can get megabucks for your timeshare if you list with us; someone is waiting in the wings for your exact timeshare; a corporate client wants your timeshare, etc ..... all lies) They would sell their mothers to get your upfront fee. The resale market for timeshares NEEDS to be federally regulated.

Upfront fee resale scam companies are my main peeve concerning timesharing and I will rejoice when/if the day comes that they are brought to their knees when they are completely shut down and/or arrested for theft.

Thanks for the comments of this forum. They phoned me up and told me they could rent all my RCI points and weeks for an upfront fee of $1496. They wanted the fee even before I saw their contract. Originally when the representative pointed me to BBB, their rating was A. I don't understand the path he gave me where I was this rating as A. Three days later when I checked myself their rating was F, and in reading this forum I have requested all my money back. I was promised that they could rent my 1 BRDM week floating timeshare deposited in RCI for about $3500 each, and I had 3 of them. They also stated that they could rent the other 2 bedroom suites for about $4000 each for one week. It sounded too good to be true, and it was. THanks again for helping me not become a victim of the Timeshare advertisers.

carolinam7 wrote:

...Three days later when I checked myself their rating was F, and in reading this forum I have requested all my money back.

Did you get your money refunded? If you have not, I strongly suggest you contact your credit card company to dispute the charge.

carolinam7 wrote:

...I was promised that they could rent my 1 BRDM week floating timeshare deposited in RCI for about $3500 each, and I had 3 of them.

This was another lie. No one is permitted to rent a unit once it has been deposited with any exchange company.

I was contacted by one of their reps on 7/28/10. He told me that they had a buyer for my timeshare in Atlantic City for $25,000.00. All I needed to do was Western Union him $500.00. Western Union does not accept credit cards, only cash. He also said that I had paid for their services 2 years ago. I remembered that I could not contact them back then to cancel. By law you have 72 hours to cancel. I then had called my credit card company to stop payment. I received a letter from my credit company that they had stopped payment because they could not contact IBD Marketing. I guess he wanted cash because you can't stop payment. So in reality I did not have a contract with them. He then insisted that I should send him money if I wanted my timeshare sold. To make a long story short, He got very nasty with me and told me to F**K OFF!!! and hung up. He called again the next day when I was not home, his number was on my caller ID but no message.

boogs4 wrote:

I was contacted by one of their reps on 7/28/10. He told me that they had a buyer for my timeshare in Atlantic City for $25,000.00. All I needed to do was Western Union him $500.00. Western Union does not accept credit cards, only cash. He also said that I had paid for their services 2 years ago. I remembered that I could not contact them back then to cancel. By law you have 72 hours to cancel. I then had called my credit card company to stop payment. I received a letter from my credit company that they had stopped payment because they could not contact IBD Marketing. I guess he wanted cash because you can't stop payment. So in reality I did not have a contract with them. He then insisted that I should send him money if I wanted my timeshare sold. To make a long story short, He got very nasty with me and told me to F**K OFF!!! and hung up. He called again the next day when I was not home, his number was on my caller ID but no message.

They have NO buyer .... all they want is your upfront fee .... they're all scams.