Tag Archives: sell a timeshare

Selling a Timeshare Scams

There are many timeshare scams happening all over the world. Some of these scams happen when you first buy, and some of them happen after you buy. The truth is the sales reps at the resort convinced you that you where buying something of value, and because you think it is worth something, you then fall victim to your second scam. The RESALE SCAM. Resale companies contact you from a list of owners they purchase from a lead broker; your name is sold by the resort and then purchased sometimes dozens of times to companies offering different services.

These services could be anything from real estate companies, debt companies, or in most cases resale companies. This same sales rep that sold you the timeshare then pass you over to the next rep to take more money from you. It is all an elaborate scheme to get you to part with your hard earned money. There is no corporate buyer who is buying blocks of timeshares; there are no gigantic convention promoters who need large amounts of timeshare inventory. THESE ARE ALL JUST MORE LIES AND SCAMS. Convention goers have discount rates through hotels, because corporations do not buy timeshares. If you can’t use your timeshare, how do you think a company would be able to book their employees last minute, at a popular destination on a business trip?

How to get rid of timeshares

When it comes to get rid of a timeshare, consumers have very few options. The options they do have are in three separate categories, which are as follows:

1. Selling a timeshare:
Selling a timeshare is a very difficult process. Timeshares have no real value and are a luxury item. Timeshare owners who want to sell have a very difficult time finding a legitimate company that can help them. There are many companies who claim they can sell their timeshare for them but require some sort of listing or marketing fee to get the job done. These companies are generally scam companies that make all sorts of false claims, enticing the consumer to pay their fee for a hefty profit on their properties. BEWARE OF THESE COMPANIES THEY ARE SCAMS!

2. Transferring a timeshare:
Transferring a timeshare is a valid option for the timeshare owner to give their timeshare to another person or company. If they are transferring their timeshare there are usually a resort transfer fee. This fee can vary from 50 to 500 dollars. If you transfer to a company that claims they will take the deed from you they usually will charge between three thousand and five thousand dollars. If you decide to use one of these companies thoroughly research them to make sure they are legitimate, and remember a timeshare CANNOT BE TRANSFERRED IF THERE IS A MORTGAGE.

3. Cancelling a timeshare contract:
Cancelling a timeshare contract is an option for a consumer who believes they are a victim of timeshare fraud or misrepresentation. A timeshare contract can be cancelled after the stated rescission period if it was purchased under false or misleading circumstances. The majority of the timeshare owners today purchased timeshare under some form of misrepresentations. At Timeshare-Answers we specialize in timeshare contract cancellation and help timeshare victims cancel their timeshare and recover their money. If you believe you fall into this category give Timeshare-Answers a call today and find out the truth about your timeshare purchase.

Resort Scams

Over the last few years, timeshare resort scams are becoming more and more prevalent. With the economy at a 10-year low, timeshare resorts are using all means necessary to sell vacation ownerships. This means including outright lies and misrepresentations to consumers who attend timeshare presentation.

What are consumers to do if they have fallen victim to these resort scams? The first step in fighting back is realizing you are a victim of these scams. Many consumers do not know they have been lied to until they try to use their timeshares. This could be anywhere form 1-3 years after their original purchase. By this time they almost always think it is too late to get help. This is the most common misconception when it comes to cancelling a timeshare contract.

Timeshare owners have rights and these rights can be enforced long after the rescission period on the contracts. Consumer protection laws are in effect in all states and countries where timeshares or sold. If you where lied to or misrepresented at the time of sale you can cancel your timeshare contract and in some cases get the money you spent back! Knowing you have been a victim is not easy to accept but it is the first step in getting the help you need to canceling a timeshare contract.
Call Timeshare-Answers today for a free consultation and let the expert’s help you get out of your timeshare.

Selling a Timeshare

When it comes to selling a timeshare, consumers need to beware, there are many companies that claim to able to sell your timeshare or even have a buyer already! These companies usually ask for some sort of upfront fee, closing costs at time of sale, or many tricks and scams to take your money. They usually claim they can sell your timeshare in 90 days, for a profit, or with some form of guarantee. These are all false promises. Timeshares have no real value, they are not an investment, and the resort will not buy them back. They count on owners like you to pay large yearly maintenance fees to pay their bills, AND without your money they will most definitely default.

There are literally thousands of timeshares being given away everyday on websites like eBay, red week, or tug. These sites, where you can advertise your property, do not charge large fees; and in some cases are free. Many timeshare owners have owned their timeshare for several years and are paying for the privilege to go on vacation that they are not actually taking. The accumulating yearly fees are being wasted because they are not going on vacation for reasons including health, age, or simply because they can’t afford it. These same owners will give you their timeshare, just to get out from under the fees. Knowing these facts is the key to not being scammed when you get a call from someone claiming they can sell or rent your property. Knowledge is power. Empower yourself today and learn the truth about selling a timeshare, call Timeshare-Answers and we will answer your questions concerning selling a timeshare, WE WILL TELL YOU THE TRUTH WHETHER YOU WANT TO HEAR IT OR NOT!