As a timeshare owners who is trying to get rid of a property, it is important for you to be aware of what is fast becoming the most common consumer scam in the country – timeshare resale scams. Yourtimeshare has consistently ranked these frauds high on their annual list of scams to watch out for, and in recent years it has become an increasing problem, even surpassing credit card and insurance fraud as the number one consumer complaint of some states in the USA. So how can you protect yourself from these scams and successfully sell your timeshare at the same time? It is a delicate dance and takes some knowledge, but it can be done.
The first step to avoiding these scams is to educate yourself. Learn how these scams operate and what their biggest red flags are. Some tell-tale signs you may be walking into a timeshare resale scam include:
High-pressure sales tactics
Vague details about the company or who they are
Upfront fees (Which are illegal)
If you find yourself in contact with a company that is making you feel uncomfortable, decline their services or ask that they give you a little time to do some research and get back to them. Any reputable company will happily allow you the time to feel comfortable with their business and will provide you with any information you need upfront.
Stick to your guns. The easiest way to avoid these scams is to refuse to pay upfront fees. Not all timeshare resale companies charge upfront, despite what these scams would have you think, so it is important to stand your ground and refuse to work with companies who pressure you into making a commitment to work with them. You can successfully sell your timeshare without falling victim to timeshare resale scams. You just have to stay firm, know what you are talking about, and refuse to fall into their games.
If you have been scammed or have been called by a company offering dubious things.
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