One of the main deterrents that people list for not wanting to use a timeshare resale company to get rid of their timeshares is the threat of falling victim to timeshare resale scams. As one of the most common business frauds, these scams take millions of pounds from unsuspecting owners each year. To avoid these frauds, it is important to know how to avoid timeshare scams to not only save yourself some money, but a lot of time and hassle as well.
Common signs you may be dealing with timeshare scams include:
To lure customers into their scheme, many of these fraudulent companies will make exaggerated claims to get people excited. They often claim that the timeshare resale market is extremely active, lots of people are buying timeshares, that they have interested buyers already waiting to purchase your timeshare, and that they can do so very quickly. If it sounds too good to be true, it probably is.
Little to No History
Since the goal of these companies is to get as much money out of people as quickly as possible, they usually don’t stick around for very long. If a company you are speaking to is very new yet is claiming to be extremely successful, you should think twice about working with them.
Not all timeshare resale scams take customer’s money and run. Some are around for a long time, but still manage to con money out of people. If a company has received a lot of complaints or if they have any outstanding complaints from people who feel like they got duped, it is wise to look for help somewhere else.
It is important to ask a lot of questions when you are considering working with a timeshare resale company. Reputable businesses will have no problem answering any questions you have or provide you with any information you need to make a confident decision to work with them. Be suspicious of a scam if they are vague on the details of their company, want you to commit to them quickly, and are unwilling to provide you information upfront.
Charging outrageous fees before they provide any real service is how timeshare scams make their money. By claiming they are administrative fees, listing fees, and assessments fees, these scams are able to talk people out of thousands of pounds of their money.
Don’t become another statistic. Do your homework and learn what to look out for when choosing a timeshare resale company. Trusted resources can help you find out what the best approach to take is and help you find a company that will meet your personal requirements and help you sell your timeshare quickly and safely without the threat of timeshare resale scams.
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