What are some tips on how to sell a timeshare?

How to Avoid Timeshare Scams

If you have tried selling your timeshare but have been unsuccessful, it is mostly because the market for timeshare resale is flooded with sellers. Several companies or even individuals claiming they are timeshare resellers do exist. However, scammers are quick to jump in on the opportunity to steal your money. It is best to learn how you can spot red flags and avoid being scammed.

Unsolicited calls, emails, or mail Scammers will make unsolicited offers that are too good to pass. When this happens, always be in doubt, think twice and as much as possible avoid giving any information. Advertising websites like Craigslist are where scammers wait for their next victim. You need to be careful when posting your timeshare for sale online.

Upfront payment It is very common for scammers to ask for an upfront fee, claiming that they already have a buyer for your timeshare. Beware of this as scammers are skilled in pretending to be legitimate timeshare resellers. Never pay upfront. Remember, the only time you pay a company for their services is when the sale is complete. Don’t fooled about being require to pay for taxes or putting your money in an escrow account.

Impulse tactics Scammers like to use call-to-action phrases like “limited time only” or “get a discount when you sign up now” to get timeshare owners to take the bait. Falling for this would mean they have already taken your money before you can even check their legitimacy.

Recovery of lost funds This makes things even worse. If you have already gave money to have your timeshare put up for resale but it turns out to be nothing more but false hope, the scammer will then sell your info to another scammer. Oftentimes, this new scammer will claim to be a government agent who will help you get into a class action lawsuit. You will then be asked to pay upfront for the recovery of lost funds. To make sure you don’t fall into another lie again, ask for independent contact information from the firm and make direct calls. If they are what they say they are, you should be allowed to speak to the staff about the case, as well as provide you with more information about them that is instrumental in determining their legitimacy. Do these without giving sensitive information to them.

You just learned the red flags to watch out for. However, the best way to get out of a timeshare burden is to have it cancelled instead of reselling it.

Reputable timeshare cancellation companies guarantee a secure way of getting out of a timeshare contract. Timeshare Exit Pros employs experts that are highly-experienced when it comes to helping people through the process of exiting from their timeshare nightmare. Our process has been streamlined to give clients the best experience. From inquiry, to application, to closing, TEP has you covered.