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Timeshare resale scam companies

Timeshare resale scam companies
05 Nov 2012
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Autor admin
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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. 

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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

timehsare resale scam companies

They are 5 signs that will let you know you’re being a victim of a Timeshare Resale Scam Companies:

  1. Unsolicited phone calls
  2. Upfront fees
  3. No real estate license
  4. Unrealistic pricing
  5. 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:

  1. 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.
  2. 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.
  3. Make a research of the company, since a big percent of them turns out to be fraudulent.
  4. In no way trust a company who offers an unrealistic pricing, if it’s too good to be true it’s not real.
  5. 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

If you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how?

  • Share this link http://www.timesharescam.com/blog/105-timeshare-resale-scam-companies/ on your favorite blogs and forums

 

Leave your comment below and share your opinion with us. To know more about timeshare scams go to: Timeshare Purchase Scams

Leave your comment below and share this post on Twitter and Facebook to prevent others from becoming victims of timeshare fraud. 

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22 Comments
  • sudsMarzo 6, 2014, 12:01 pm

    i have been contacted by a company. they tell me they have a buyer at this moment who wants to buy my timeshare, which is in puerto vallarta. after speaking with them a couple of times about process, etc., they sent me a $$ figure for the offer. they have now sent me a contract for the sale, which i’m to complete, sign, notarize and fax back to them. there is an escrow account that is being established, and upon receiving the $$ into my account, i then mail the original copy of the sales contract and the deed document. there is no $$ upfront that i pay. sounds strange to me, has anyone heard of this approach yet?

  • batmaneMarzo 3, 2014, 1:42 pm

    They are a real fraud. After years of scamming we need to bust them up! Tell all your friends, family and neighbours.

  • FredFebruary 21, 2014, 3:34 pm

    A company called Timeshare Sell Now or timesharesellnow.com contacted me and said they wanted to sell my unit. I said sure…..3 days later (today) they call back and said they have a buyer…….I am waiting a call back from their “closing manger”…to tell us the next step….

    The only items I find for them on the web are 2 inputs from people saying they had a good experience selling it to them with no hassle and they got their money in 3 months….thats not to say those were from “company personnel”.

    Anyone hear about this company ???

  • FredFebruary 21, 2014, 3:34 pm

    A company called Timeshare Sell Now or timesharesellnow.com contacted me and said they wanted to sell my unit. I said sure…..3 days later (today) they call back and said they have a buyer…….I am waiting a call back from their “closing manger”…to tell us the next step….

    The only items I find for them on the web are 2 inputs from people saying they had a good experience selling it to them with no hassle and they got their money in 3 months….thats not to say those were from “company personnel”.

    Anyone hear about this company ???

  • PatyJanuary 21, 2014, 11:13 am

    yo perdi muchisimo dinero dando pagos por adelantado, creyendo que serian eticos y harian lo que prometian.. nunca paso!

  • NancyJanuary 7, 2014, 1:38 pm

    I would like to know if there are companies out there that can truly help a consumer get rid of timeshares. I have experienced several companies want money upfront. I was told this is a scam when any company want money upfront.

  • CylindaJanuary 3, 2014, 1:56 pm

    Can someone help me figure out how to get the $59 I paid for a vacation package for Silverleaf Resorts?

  • DannyOctober 11, 2013, 12:09 pm

    the best advice is never pay an upfront fee to sell your timeshare

  • BenOctober 11, 2013, 12:09 pm

    Timeshare resale companies are a scam because the resale market is poor and most timeshares are worthless

  • WalterOctober 11, 2013, 12:07 pm

    it's very important to know exactly how to avoid them, cause they're rough people, they only want our money, not to help us...

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