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Timeshare Resale Companies to avoid

Timeshare Resale Companies to avoid
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Many timeshare owners that feel they have been scammed are looking to get rid of their timeshares. Usually to sell it is their first choice, but sell a timeshare is not an easy task. 

How a Timeshare Resale Company operates?

This kind of companies is also known as “Resale Service Providers”. Commonly, they contact the timeshare owners by phone, and they tell you expressions like: “I see you have a timeshare, do you want to sell it?”

A lot of people are getting these phone calls from  resale companies, this is the way they contact people. They tell you that selling a timeshare is easy because the resale market is hot.

Unfortunately, there are many companies that ask you for an upfront and they promise to sell your timeshare with the guarantee to give your money back when they are able to sell your unit. These companies are scams.

Timeshare Resale Companies to avoid

  1. - Timeshares Only

This company is known as the world’s largest timeshares resale marketplace. Timeshares only offices are located in Orlando, Florida. They assure that there is a hot timeshare resale market.

Your timeshare can stay listed for years, not only unsold, but with a lower price. However, if you ask them to get a refund or even a partial refund they deny your request.

  1. – Grand Weeks VIP

Grand Weeks VIP is a vacation package. This fraud is more frequent in Cabo San Lucas, Mexico.

This timeshare resale company says you have to buy a membership with a cost and some additional fees. They promise to refund your initial payment. Then, another company asks for another fee and an escrow company too. Besides, they ask for attorney’s fees.

Once you pay, you won’t hear from them again, and your money will be lost.

  1. - Global Golf Connections

Global Golf Connections is a rental and resale timeshare company, one of the most fraudsters. Those owners of timeshares at Mayan Palace are the scammed people. They offer them to rent and sell their weeks especially to golfers that stay in the resort, but this is a lie. They don’t have golfers or any person waiting to buy or rent timeshares.

They state that they won’t charge any fees, lie. They obviously will charge you an upfront fee for the right to list your timeshare property.

Like these, there are many more timeshare resale companies, most of them are scams. People need to be aware of the signs of a timeshare resale scam company:

1.- Unsolicited phone calls

2.- Fees in advance

3.- No real estate license

4.- It sounds too good to be truth

5.- High closing costs

Brokerage Services LLC

This timeshare resale company claim that has a client for your timeshare and once they have your money they stop answer your phone calls and they will never give your money. They are located at 666 FIFTH AVENUE, SUITE 113, NEW YORK, NY and their brokers are BROKER FRANK CALISE and MARCO PELEGRINI

Trusted Title & Escrow LLC

Their oficiale of title are OLGA KELLER STUART and ROBERTO MEDINA. this enterprise is registered at the state department and it is associated with BROKERAGE SERVICES LLC to defraud people, claiming that they have clients to rent o resale your timeshare then disappear, with all your money.

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Tips to avoid being scammed by a Timeshare Resale Company

1.- Never pay anything upfront: Beware of unsolicited phone calls claiming they have a buyer for your timeshares and they will do the process just paying them an upfront fee.

2.- Get everything in writing: Get all the information about their offer in writing and make sure that all the promises are stipulated in the contract.

3.- Do a research: If you think in list your timeshare with a timeshare resale company make your research first around internet to see if there are people satisfied with the services.

4.- Check for real estate license: Ask if they have license to sell real estate and check this information with the state’s Real Estate Commission.

5.- Check with the BBB: Be sure to check the Better Business Bureau (BBB) for complaints about the timeshare resale company.

6.- Pay only if your timeshare is sold: Never pay fees in advance, pay only after your timeshare unit is sold.

If you still think in listing your timeshare for sale with one of the Timeshare Resale Companies, I recommend you to think twice before you do it. Timeshares do not have any value on the timeshare resale market and the prices are so low and this happens because the supply exceeds the demand. There is no “hot” market for timeshares, like timeshare resale companies expose.

Try to sell a timeshare is just a waste of money and time. It is important to mention that the best way to get rid of an unwanted timeshare is not by selling it, is by cancelling the timeshare contract. Timeshare cancellation should not cost an upfront fee, and once is properly made; you will have the financial freedom you need. Contact  Mexican Timeshare Solutions for a free consultation on how we can help you cancel your timeshare contract with no fees in advance.

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To know more about the Timeshare to avoid, visit:

Timeshare scams increase in bad economy

 

 

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15 Comments
  • Gloria riveraDecember 19, 2017, 1:46 pm

    Cómo hacer para desasernos de estos tiempos compartidos que leyes nos protegen
    A di de acudir

  • rodolfo madrid gutierrezAugust 28, 2017, 12:55 pm

    el 09 de julio en maztlan sinaloa mexico fuimos atendidos por el sr. Tony Esposito Quintero representante de marina maztlanlo, el objetivo principal era que me compraran mi paquete de tiempo compartido cid morelos y el sr. Esposito dijo que si era posible pero nos vendio una membresia de KARMA REWARDS para lo cual nos pidio una cantidad de $100,000 pesos para agilizar la compra de mi tiempo compartid de CID MORELOS, la membresia de karma Rewards tiene un costo total de $180,000 y en el contrato que el sr, Esposito nos elaboro y en uno de los acuerdos dice que el balance pendiente o sea los $80,000 se pagararian una vez que se me hubiera comprado mi tiempo compartido CID MORELOS y se marcaba un limite de 30 dias y hasta ahotita no se ha dado.
    es importante mencionar que el sr. Esposito fue el intermediario entre KARMA REWARDS Y ESCROMD DIAMOND.
    Mi principal preocupacion es recupera los $100,000 que pague con engaños,ojala ustedes me puedan orientar
    gracias y buenas tardes.

    Atte.

    RODOLFO MADRID GUTIERREZ

  • Juan MOLLERDecember 18, 2015, 5:54 am

    Adquirí un tiempo compartido en el año 2014, para utilizar una semana los años impares, habiendo sido pago al contado y no es oo que me exhibieron. Quisiera deshacerme del mismo.-

  • beanb41July 29, 2015, 10:44 am

    Its a good scam. With people desperate to sell timeshare I wonder how many send the money to these guys never to be heard of again. Scams such as this only exist because people trust in these companies easily.

  • Julie BMay 22, 2015, 3:33 pm

    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.

  • JavierMarzo 16, 2015, 12:13 pm

    estas compañias son de lo peor, jamas hacen lo que prometen obviamente, bien te dejan esperando por años sin noticias, pero eso si, para cobrar son buenisimos, es una estafa mas!!! tengan mucho cuidado, no se dejen engañar tan facil por esta gente

  • missyMarzo 16, 2015, 1:07 am

    no ones wants to be scammed , and those resale companies is what they want to do with persons that are not noticed about how the timeshare business opperates , by the way , they best tip that i can tell you is that never get near about a timeshare presentation , even a a resort or something like that

  • CarolineFebruary 16, 2015, 9:59 pm

    I asked to take the contract home to have a lawyer review and if OK I would mail them a check and signed documents. They refused. They said they cannot do business via phone, fax, or email. I said "I said mail, not phone, not fax, and not email". They still refused to let me leave with a copy of the unsigned contract to review with an attorney.

  • RicardoFebruary 7, 2015, 5:48 pm

    yo tuve que vender mi tiempo compartido por mi propia cuenta, ya que años atras intentando buscar ayuda, fui estafado por empresas de reventa, que juran que ayudaran con tu problema pero la verdad es que una vez que les das lo que quieren, ellos nunca mas ponen atencion a tu caso, pueden pasar bien algunos años antes de que tengas alguna respuesta de ellos

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