How To Deal Safely With Timeshare Resale Companies

Timeshare resale companies have emerged as one of the most dangerous types of outfit to deal with. Despite being investigated by the regulatory authorities in several major countries, they are still getting away with taking thousands of dollars of client money under false pretenses. The scam is easier to operate in countries such as European resorts, where there are international barriers for the scammers to hide behind. If you have timeshare to resell, it is essential to study the market in advance so that you are aware of the potential pitfalls.

There are two major pitfalls to watch out for. The first and most obvious of these is when you are asked for an up front fee before any timeshare will be listed. This is a very common tactic amongst scammers, in fact it is almost universal. Any reputable organization would list your timeshare on a commission basis. If it sells, they take a cut for the work they have done. If it does not sell, they take nothing. When you are asked to part with money, ask yourself what you are parting with it for.

Another common scam tactic is to demand that you travel to see the person who will buy your timeshare, especially if that person is in another country. What happens so often when someone has timeshare which is worth very little, is that a scam company will tell you that they can get a good buyer for it. They ask for a fee up front, usually a four figure fee, for connecting you with the buyer. You also need to travel to the location where the buyer is.

Now, the scammers are in a position where they cannot lose. They already have your front money which will not be returned. They also have you on their premises where they can try to tell you another deal. At this point, they reveal the truth about the value of the timeshare, or possibly even slightly undervalue it. They offer to take it off your hands for nothing, in exchange for a note which will pay you money in several years time.

Obviously, by now the victim will realize that he has been scammed, but it will be too late to do anything about it. The front money will be lost, and there will be no chance to recover anything through selling the timeshare. The alleged timeshare resale companies get money for doing nothing, and the resort, which is often a partner company, gets some timeshare at a knock down price. Of course, they will still try to sell the victim some more points at a new inflated rate. If you have timeshare to sell, don't even look at any offer where you have to pay out money in advance, and don't sell unless you know the market and know your valuation. This way, you can find one of the genuine timeshare resale companies.

 

 

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Online Voting for the Perspective Magazine Timeshare and Fractional Awards . - PR.com (press release)

Online Voting for the Perspective Magazine Timeshare and Fractional Awards .
PR.com (press release)
Voting to choose the elite of the timeshare and fractional industry concludes at the end of business on Friday, January 27. Orlando, FL, January 27, 2012 --(PR.com)-- Timeshare and fractional industry professionals are urged to submit their online .

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Selling timeshares takes time; beware of quick fix offers - The Boston Globe

Selling timeshares takes time; beware of quick fix offers
The Boston Globe
Selling is about the only realistic option to part with the property, he said. But with thousands of timeshares listed for resale, that is clearly a challenge. EURœOther than selling the timeshare, I know of no proven way to get released from the .

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N.J. woman gets 15 years in prison for role in $30M timeshare telemarketing scheme
Authorities say Jennifer Kirk's companies pocketed the money telemarketers solicited from timeshare owners..


Timeshare Marketing Scams - Kansas City infoZine

Timeshare Marketing Scams
Kansas City infoZine
Timeshare owners across the country are being scammed out of millions of dollars by unscrupulous companies that promise to sell or rent the unsuspecting victims' timeshares. Washington, DC - infoZine - In the typical scam, timeshare owners receive .
FBI warns of timeshare scamsThe Star Democrat

all 3 news articles »
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Timeshare Resale Information Blog Launched, Selling Timeshares, Inc. Redesigns . - San Francisco Chronicle (press release)

Timeshare Resale Information Blog Launched, Selling Timeshares, Inc. Redesigns .
San Francisco Chronicle (press release)
To better educate their clients about timeshare resale, Selling Timeshares, Inc., has redesigned their website, offering a new blog that will keep their customer's up to date on the latest travel and timeshare industry news. Selling Timeshares, Inc.

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Sell My Timeshare NOW Named GNEX Sponsor - Hospitality 1st (press release)

Hospitality 1st (press release)
Sell My Timeshare NOW Named GNEX Sponsor
Hospitality 1st (press release)
Sell My Timeshare NOW (SellMyTimeshareNOW.com) and Timeshare Broker Services are both part of Vacation Hotdeal Companies, Inc. EURœWe are looking forward to participating with GNEX 2012 and sharing information about our new Partner Portal and other .

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Selling a Timeshare Needn't Be A Stressful Event - PR Leap (press release)

Selling a Timeshare Needn't Be A Stressful Event
PR Leap (press release)
Karen Phelan, Broker/Owner of Preferred Timeshare Resales, is always willing to share helpful tips with anyone looking to sell their timeshares. "My office receives daily calls from timeshare owners all over the United States, who have paid upfront .

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Timeshare scam claims to be in Boston
Noah Wolf was a bit suspicious when he was approached by a company called Property Consultant Services in Boston that...


 

 

Timeshare Exchanges - RCI Weeks

 

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