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Timeshares Only: Timeshare resale fraud

Timeshares Only: Timeshare resale fraud
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If you have a timeshare you want to get rid of, it is very important that you consider all the possible solutions regarding timeshares. Beware of fraudulent, overpromise companies.

Over the past few years, there has been a growing number of frauds being perpetrated against timeshare owners. A big percent of these scams have a connection with timeshare resales.  Desperate to get out of a timeshare ownership, thousands of owners choose to put their timeshares up for sale, which becomes in a big struggle due to the bad reputation of timeshares and the instability of the resale market. There are a lot of companies that claim to sell your timeshare in a certain period, only if you give them an upfront fee. Timeshares only is one of the largest timeshare resales and rentals company.

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Timeshares only – The company

Timeshares only is known as the world’s largest timeshare resale marketplace.  They claim to sell your timeshare by using different advertising avenues: radio stations, internet, billboards, television and print publications.

Even though the timeshare resale market is poor, Timeshares only assures that the industry has experienced growth over the last years.  Depending on how much the owner wants to advertise his timeshare, they ask for an upfront fee that goes from $450.00 to $600.00 or even more. Timeshares only offices are located in Orlando, Florida.

Timeshares only – Complaints and Reviews

A considerable number of our clients were scammed not only once, but twice or even more times. These are some of the complaints we have been told about Timeshares only:

One of our clients contacted Timeshares only to sell his timeshare in Cancun. He was confident to hire this company because of the advertising tools they use in order to sell a timeshare.  He gave $450.00 for an upfront fee, and he was promised he would receive 100% of the sale since Timeshares only do not take commissions.  After 2 years, his timeshare was not only still for sale, but the listing price was seriously reduced. When he asked the company if he could get a refund, they denied his request, since he had to cancel the agreement within 3 days, but that wasn’t stated in the contract. 

Another complaint that we received was from a couple who owns a timeshare in Orlando. They were told by that their timeshare would be sold within 2-6 months. They also paid $450.00 as upfront fee. They had to lower their asking price since they were not hearing from any offers. Until now, their timeshare is still for sale.

One more complaint was from a client from California who owns a timeshare in Sedona. She was assured that the resale market was “hot” due to the high season and because of that, her timeshare would be easily sold, she only had to pay $598.00. Initially, she listed her timeshare for $13,000 but since she wasn’t receiving any offers, she had to lower the price to $7,995. Yet there were still no offers. A year later, she wrote a letter to Timeshares only hoping to get a partial refund. She never received any reply to her letter, even though she wrote more than one.

Timeshares only – Still thinking on listing your timeshare for sale?

If you are still thinking on putting your timeshare up for sale, we suggest you to think it twice. It is nearly impossible to get back what you initially paid for your timeshare ownership, since you surely overpaid if you bought from the developer, but before that, you have to find a potential buyer and that is even more difficult.

Therefore, the most efficient way to get rid of a timeshare ownership is by cancelling your original contract.  Timeshare cancellation does not cost an upfront fee, and when it’s properly made, you won’t have any further strings attached to the resort.

At Mexican Timeshare Solutions we offer you a free advice on your timeshare matter, and no charges are made until your contract is completely cancelled. Contact MTS today for a free consultation and get rid of your timeshare as soon as possible.

 

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/124-timeshares-only/ on your favorite blogs and forums

 

To know more about Timeshares visit: TATW Incorporated: Beware of Timeshare Frauds in Mexico

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19 Comments
  • Roy C.August 31, 2015, 1:10 am

    actually timeshre scam is the most annoying thing out there, really if you want to invest in something , timeshare field is not the option , timeshares on my own experience is a total fraud, they never accomplish what they promise, so stop thinking if you want acquire a timeshare, just invest in something more.

  • JulieBMay 12, 2015, 10:09 am

    I wonder of those are the same people who keep sending me post cards offering to take my timeshare off my hands.

    Only I don't have a timeshare.

  • IndianaOctober 20, 2014, 8:11 am

    The resale market is plagued of owners wanting to sell their properties. It's terrible, the best is to cancel

  • alejandra16September 20, 2014, 11:44 am

    i haven't use my timeshare for the past 5 years and I pay for nothing? i really want to get rid of the timeshare as soon as possible

  • YaneliSeptember 12, 2014, 3:14 pm

    Sometimes timeshares result to be scams, for that reason is important to kow how they really work.
    Maybe, for families who are used to travel a lot are good, but for families who only travel ocasionally are not good.
    If you want to buy a timeshare is important to inquire about them, because they aren't always what they appear.

  • dmJune 30, 2014, 7:59 am

    Timeshare is a mess! so frustrating when they wont let you to cancel it after 10 days, what they expect while on vacation? some Rich people are just greedy, cant believe some big resorts they ripped people off, getting consumers to pay their big resorts

  • MaribelApril 17, 2014, 2:15 pm

    son unos mentirosos, nunca confien en ninguna compañia de reventa, siempre toman ventaja de todo

  • MakaApril 15, 2014, 7:28 am

    Nothing illegal with selling a bag of beans to an idiot at an exorbitant price when the idiot knows he is buying a bag of beans. The story did not say the maintenance fees were not disclosed. It is not illegal to be on the good side of a bad deal.

  • ConieApril 2, 2014, 4:08 pm

    i have 3 years trying to sell, i've tried a lot of ways to get rid of it, but nothing happens, i really need some help

  • Sheila ParkerMarzo 6, 2014, 12:16 pm

    Never pay these timeshare resale scammers a dime upfront. I’ve fallen for a couple of these scams and have only been only to ever get my mone back from one of them. I like the idea of donating to your church as well, however they would have to be willing to cover the maintance fees.

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