Complaint Review: REALTY TRADE A Subsidiary Of VIRTUAL GROUP INC.
- REALTY TRADE A Subsidiary Of VIRTUAL GROUP INC.
14 E. Washington St. #306
United States of America
- Phone: 800-420-9865
- Web: www.realtytrade.com
REALTY TRADE A Subsidiary Of VIRTUAL GROUP INC. Realty Trade sent me a fake offer in order not to issue a refund Orlando, Florida
*Author of original report: 100% client satisfaction??? How about 0%?
*REBUTTAL Owner of company: 100% Client Satisfaction
When I first contacted RealtyTrade they promised to market my Mexico timeshare for 6 months for a listing fee of $1395. The company stated that my timeshare was worth in between $14500 and $16000. They also stated that I could expect to sell my property in 2 to 3 months. I decided to list it with them in August of 2009.
The listing contract stated that I'd get my listing fee refunded after 6 months if I didn't receive at least one offer of $14500 or more. My property didnt sell in 2 to 3 months, in fact it didnt sell at all.
Only in January of 2010 I received my first offer of $16000. I emailed the prospective buyer 4 times and still havent received a reply to this day. I also called RealtyTrade 3 times and they said that they were unable to contact the buyer themselves. Even the agent I talked to said that she didnt understand why the buyer didnt reply.
However she insisted that the contract has been fulfilled and I wont receive a refund when my 6 months are up in February. Of course my certified letter asking for a refund was ignored.
Of course my certified letter asking for a refund was ignored.
The buyer didnt reply because he doesnt exist. If the buyer does exist he or she needs to be charged the listing fee and I should get refunded. In Real Estate if you make an offer you put down a deposit and if you withdraw for no valid reason you may loose that deposit.
The system Realty Trade of Virtual Group uses is just a way to get out of having to issue refunds. Frankly I still cant believe I was so nave and bought their whole act. A lesson of over $1000. Anyone wanting to sell a timeshare please dont sign up with any agency requiring upfront fees. Your property wont sell and wont see your money again.
This report was posted on Ripoff Report on 02/18/2010 11:23 PM and is a permanent record located here: http://www.ripoffreport.com/reports/realty-trade-a-subsidiary-of-virtual-group-inc/orlando-florida-32801/realty-trade-a-subsidiary-of-virtual-group-inc-realty-trade-sent-me-a-fake-offer-in-order-571691. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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