Hey buddy, wanna sell your timeshare fast?
This is the typical expression used by the telemarketers to hook people into another fraud: the Timeshare resale companies. Lots of people are getting ripped off and not just by the timeshare companies, but also by the timeshare resale scam companies.
The reason why this happens is because many people who own a timeshare are desperate to give it away, since they’re not able to keep paying the high costs of maintenance because of the economic downturn. Also some of them were practically pushed into buying the property due to the high-pressured timeshare presentations, and others have just outlived the timeshare’s usefulness.
Whichever the reason is, anyone who finds himself in those kinds of situations becomes an easy target for the timeshare resale scam companies.
Timeshare Resale Scam Companies – How they operate
These companies are also known as “Resale Service Providers”. They contact people especially through phone calls. The telemarketers claim to the person on the other side of the phone that the resales market is “hot”, and that selling their timeshare will be an easy job. All they ask for is an upfront fee of about $300 to $700, which varies depending on the location and size of the unit.
After that, they promise to sell your timeshare for an equal price than your purchase cost, or even greater, so you can also generate profits, and that they count with an exclusive customer portfolio full of potential buyers who are interested in getting your timeshare.
Finally, In order to further entice the person, they guarantee to give them the money back in case they can’t sell the timeshare within a certain period. That’s how the timeshare resale scam companies operate, described in a concrete manner.
Timehare Resale Scam Companies – How to avoid them
They are 5 signs that will let you know you’re being a victim of a Timeshare Resale Scam Companies:
- Unsolicited phone calls
- Upfront fees
- No real estate license
- Unrealistic pricing
- Inflated closing costs
If you notice any of those signs, you’re surely getting scammed. We give you the following tips for you to be prepared:
- Hang Up. If the company reaches you by phone and you didn’t ask for their services, there’s a huge possibility they’re trying to scam you.
- In case you decide not to hang up and hear what they have to say, never ever give your credit card numbers when they ask for the upfront fee.
- Make a research of the company, since a big percent of them turns out to be fraudulent.
- In no way trust a company who offers an unrealistic pricing, if it’s too good to be true it’s not real.
- Be always suspicious about any offers you receive to resell your timeshare. Check on the web to find out if the costs are realistic.
By following the last advices, you’re getting yourself out from the frauds made by the Timeshare Resale Scam Companies.
It’s also important to mention, that the best way to get rid of your timeshare is by cancelling the contract. In MTS, we don’t ask for any upfront fee until you see the results. Contact Mexican Timeshare Solutions for a free consultation on your matter and a full advice that will help you cancelling your contract and finally get the economic stability we all need.
Information to share
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