www.dotcomhunter.com Buying Timeshares on Auction Websites While many people still go through traditional method of buying tim eshares i.e. through timeshare brokers or real estate companies the trend of buying timeshares through internet auctions is catching u p. We hear many horror stories about people being scammed into buyi ng timeshares which do not exist or sometimes are not up to the qua lity that they were promised or in wrong location. And these storie s cannot be ignored because the number of people that have been che ated is unusually high and increasing by the day. And imagine yours elf sitting in a presentation given by timeshare companies to prosp ective buyers. It is a traumatic experience as you will be subjecte d to sit for many hours and pressure selling techniques of the time share companies. They wouldn’t let you go unless and until you give some of commitment or sign some papers. All these happenings lead to the emergence of internet auction sites for timeshares. Now the buyers have the freedom from those unscrupu lous sellers who adopt illegal techniques to sell their timeshares. Popular auction sites like eBay.com and bidshares.com allows users to buy and sell timeshares through their website. Although there are many other websites for timeshare auctions eBay.com and bidshares.c om are the most reliable and safe websites to conduct timeshare auct ions. These sites charge absolutely no upfront fee either to put you r timeshare on sale or to bid on timeshare sales. They only charge a fter the bid is successful. When bidding on a timeshare few points have to be kept in mind. Try to establish communication with the seller as soon as possible and k now whether the seller is responding well to your queries or not, if yes how soon and whether he is giving you the complete information or not. Internet auctions are also not fool proof against scammers a nd frauds, so beware of them. The above practice would eliminate few of the possibilities of you being trapped in some kind of scam. But it doesn’t mean at the same time that if the seller is not respondi ng he may not be a genuine seller. Some people are not good at writt en communication; in that case making a phone call to enquire about the timeshare unit is not a bad idea. One more important point to remember while bidding on a timeshare is to do your homework in advance by finding out complete information about the property. The details would include name and location of t he property, number of bedrooms, number of bathrooms, Exchange Compa ny’s name that seller’s resort deal with, the date by which the prop erty is ready to use, annual maintenance fee of the resort, and size s of bedrooms and is there any assessment this year. Also do researc A gift from www.dotcomhunter.comwww.dotcomhunter.com h about the selling price of similar units sold recently in that loc ation. Do not hurry whether you lose or hurry, there may be a better property in waiting for you. Also it is not a bad idea if you deter mine the mode of payment before hand by contacting the owner. Althou gh there are many methods of payment available a seller may have a s pecific preference. Also be watchful if the owner is not responding to this question. Also the auction websites provides seller ratings, feedbacks and transaction history. This very important to you as yo u may not want go to a seller with bad ratings or feedbacks. Also if you miss a bid by a whisker say $10, don’t be discouraged you may c ontact the seller that you are ready to buy the unit just in case if the winner retracts his bid. Even if it doesn’t happen you may get another unit if seller has multiple units. But never agree to pay ov er your bid price which defeats the purpose of an auction which prov ides an open platform for fair and reasonable bargaining but within the jurisdiction of the system adhering to the rules and regulations. PPPPP Word Count 654 A gift from www.dotcomhunter.com