Thinking on reselling your timeshare? Beware of timeshare resale companies that might get you scammed
There are a considerable number of solutions regarding timeshares. In these times of global economic difficulty, it is very often to know from timeshare owners who want to get rid of their membership. We know from many of our clients about the drastic changes in their financial situation. Whether it is a loss of employment, sickness in the family, a kid going to college, the inability to keep on with the annual payments or the feeling that the timeshare was sold under high-pressure and fraudulent sales practices, no matter what the situation is, all of them have something in common: They all want to get rid of their vacation ownership as soon as possible.
Unluckily, most of timeshare owners do not consider timeshare cancellation as the best solution, hoping to recover some of the money they’ve lost, many of them put their ownerships on sale, not knowing that the timeshare resale market is extremely poor, so poor that you can see timeshares for sale on eBay or Craiglist for $1. Timeshare resale companies are aware of this, and they take advantage of this situation to rip off desperate timeshare owners.
Timeshare resale scams have quietly become the most widespread form of timeshare fraud, and lots of our clients call to complaint about being scammed for a second time. Premier Property Management is one of the companies we receive many complaints about.
Premier Property Management – The Company
Premier Property Management is a rental and resale company for timeshare ownerships. They service clients with vacation ownerships in Mexico, Latin America and the Caribbean and they claim to be the most effective and reliable Rental and Resale Company in the timeshare industry.
Their website provides very little information, even though they assert to have years of experience and a comprised team of member agents. No testimonials are shown.
In order to sell your timeshare, Premier Property Management asks for a $490 USD upfront fee, and they affirm to sell the property in a 90-days time limit.
Premier Property Management – Common Complaints
A number of our clients call to complaint about Premier Property Management and the services they offer. Many of our clients were told that their timeshare was never sold as the company promised it would be, and the upfront fee they were asked for was never reimbursed.
Also, some of them said that after paying the upfront fee they never heard of the company again, despite all the emails they sent to the agents and the constant calls to ask for the resale of their timeshare.
In some cases, Premier Property Management claimed they had a buyer already, but the resale process was going to take longer than 90 days, and therefore, they needed to ask for another $490 USD payment.
This is a very distinctive way to scam timeshare owners, and like this thousands of people have been scammed by timeshare resale companies. Because of that, we always recommend to our clients not paying any upfront fee to any timeshare rental and resale company, being that even timeshare resale companies’ owners admit that their industry is rife with scheme.
Premier Property Management – How to get out
For a large number of reasons that we mention in some of our articles, like Timeshare Resale Scam Companies, reselling the timeshare is not the best solution to get out of a timeshare ownership. Several million dollars are taken each year by timeshare resale scammers, leaving thousands of families in a thorny financial situation.
By writing this article we don’t want to deter you from hiring Premier Property Management services, but we want to ensure that timeshare owners do not fall for a timeshare scam for a second time.
If you have a timeshare you don’t use and you want to get rid of it, contact Mexican Timeshare Solutions for a free consultation on your matter an. Contact MTS today for a free advice and leave your timeshare contract behind.
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To know more about Timeshares visit:How to rescind a timeshare contract?