One of the greatest worries that people have when trying to sell their timeshare is the threat of timeshare resale scams and other frauds that are unfortunately common in this industry. With so many people trying to get out of timeshare ownership and save money, it is easy to see why these scammers want to take advantage of people – they have so many options and chances to do so. Timeshare resale scams were ranked #4 by the Better Business Bureau on the annual list of most common business frauds and these scams manage to con millions of dollars out of thousands of timeshare owners each year. So when you are trying to sell your timeshare, how can you avoid these scams and successfully get rid of your timeshare once and for all? Thankfully, there are some steps you can take to protect yourself and learn how to identify these scams before you become one of many victims.
The first step to protecting yourself while you sell your timeshare is to know how these scams operate. Generally, they are able to obtain your information when you begin searching for ways to get rid of your timeshare. They usually call you, though they will sometimes begin harassing you through e-mails, and feed you exaggerated claims and lies about the timeshare resale market. They often claim to already have buyers interested in your property, all you have to do is pay them and often hefty upfront fee to market your timeshare and hand it over to the new owners. They pressure you to commit to their agreement now with high-pressure tactics, and before you know it you are handing over hundreds (maybe even thousands!) of dollars to a company you know nothing about. They either never sell your timeshare and refuse to return your money, or they disappear with your cash forever.
Once they begin to harass you, it can be difficult to not give in just so they will leave you alone. But it is important to be strong and assertive, report companies you are not comfortable with, only work with companies you have thoroughly researched, and NEVER pay upfront fees. Using trusted resources to find reputable timeshare resale companies can help protect you from scams while you sell your timeshare. We highly recommend TimeshareSecrets.com. The folks over there have been researching timeshare resale companies for years and have already made the mistakes you are trying to avoid. Their consultation is free and your satisfaction is guaranteed, so you have nothing to lose other than your timeshare!