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How To Avoid A Time Share Resort Resale Scam

What are the problems you should be aware of when you try to put together a time share resort resale? After I had my time share for a while I decided it was time to move on and get rid of it. Reselling it was not easy, but the process taught me a lot and what to watch out for. You see, a time share resort resale is something that many shady companies will try to take advantage of to get your money without helping you. Be aware because your frustration if you have trouble finding a buyer may make you susceptible to companies that will offer, for a fee, to help you make your time share resort resale quickly and with little effort on your part. Here is an explanation and some tips on avoiding this scam.

Shady companies usually get in touch with you by phone, mail or via the Internet requesting that you call a phone number about your time share resort resale. The person you speak with will likely claim that the market is “hot” for time share resort resale, when the truth is that the market changes based on location and what the prime season for that particular unit is. For a fee you pay in advance of somewhere around $300 to $700, some of these people will promise to sell your timeshare for a profitable or at least break even price. They might even claim that they have a list of sales agents and potential buyers that would be interested in your time share resort resale. While this person may very well possess these lists, it is not likely that the parties are interested in a time share resort resale. To further convince you, they may even offer you a money-back guarantee or a government bond if they fail sell your timeshare within a certain time frame.

The result is usually that your time share resort resale never happens. Then, in many cases, your fee is not returned and while you might get a bond as they told you, it is often for a as little as 10% of the fee you paid in advance. If you want to avoid this scam and are approached by a company offering to help you with your time share resort resale, there are some tips you should follow.

Never agree to anything over the phone before you have had time to do some research on the company with which you are dealing. Always request written information so that you can prove exactly what was promised regarding your time share resort resale. Ask questions about licensing and location of the company so you can more easily confirm their legitimacy. Get in touch with the Better Business Bureau in the state where the company is based to find out if any complaints have been filed against them.

No matter how frustrating it may be, you do have options when it comes to your time share resort resale. You can try to sell it yourself, put an ad in the paper or a magazine, or get in touch with a real estate agent you know in your home area. If it is just the location you are worried about, you can always look into timeshare trades that can help you vary your vacations and avoid having to put together a time share resort resale at all.