Tag Archives: selling 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?

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!