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

To know more about the Timeshare to avoid, visit:

Timeshare scams increase in bad economy

 

 

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17 Comments
  • 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

  • javiFebruary 7, 2015, 12:15 am

    Todas son igual de ratas, esto de los tiempos compartidos en tuntotal desperdicio de tiempo y de dinero , de mucho dinero , estas personas se hacen ricas con el dinero de los turistas, prometiendo cosas que jamas podran cumplir , deben de tener mucho cuidado con este tipo de estafas, alejense de esto y jamas vayan a una presentacion de tiempo compartido

  • Megan WagnerFebruary 2, 2015, 6:59 pm

    i tried to sell my timeshare, and i contacted with a resale company who ask me money in advance. But now it has been 2 years since that and nothing happen, i can't contact them cause they don't answer my phone calls or my emails, i really need help!!!!

  • MiriamJanuary 24, 2015, 8:35 pm

    you must agree hotel cid mazatlan to this list , my brother had a very bad experience with that resort, they offer so many things that never acomplished, my poor bro with the ilussion to had a great experience those guy ripped their money ,, the big mistake of him was when he went to a timeshare presentation and the offered to him free months if he pay many others, he never received that months, such a shame, totally scammed

  • Danielle ClarkJanuary 24, 2015, 5:51 pm

    it's so difficult to really get the truth from all these companies, i think that the best thing we could possibly do is to search information about everything and then make a desition. DO NOT sign anything before being totally sure about it!!! That's my advice!

  • Adam WaleJanuary 23, 2015, 9:56 pm

    everything in timeshares sounds too good to be true, they just tell lies, because all they want is our money, i can't trust again, i've been scammed two years ago and i'm still trying to get rid of it! I don't know what else to do, please help me!!

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