Obvious Timeshare Resale Scams That Trick Owners

Timeshare resale scams are some of the hardest things to look out for. After all, fraudulent companies will prey on your desperation. They exploit your sense of helplessness until you are willing to do anything they say.

What follows is a list of the 4 most common timeshare resale scams that fool most people. We’ll also tell you how to avoid each one.

  • Imposter Companies: These companies run rampant throughout the Internet, so be warned. They carefully craft websites to look as legitimate as possible as a means of getting you through the door. Once they’ve got you speaking to a “specialist” they will pressure you into paying upfront for their services. In reality these men and women do not hold any certifications that allow them to sell timeshares.
  • What You Can Do About It: Research the company before making any deals. If they’re legitimate they won’t mind you looking into their credentials. They will provide you with a number you can call when and if you decide to work with them. As an added layer of protection, do not work with any company operating under a 1-900 number. Legitimate companies use 1-800 numbers, always.

 

  • “Take A Week” Companies: These are clever scammers indeed. They will often meet face-to-face with owners at a hotel in the area. They will put on a seemingly legitimate presentation where they promise to sell timeshares for the owners at a better price than they could normally manage on their own. They ask for a service fee from several hundred – several thousands of dollars to transfer the deed to the company. They will list the property on sites for bottom dollar, take the profit from the sale and service fee, and never actually transfer your deed. You’re left with no money and you still own the timeshare. When you try to reach the company they will have vanished.
  • What You Can Do About It: Simply put, never meet with some one you haven’t researched thoroughly and contacted on your own. If an organization contacts you, even if they want to meet in person, they are most certainly out for your money/personal information.

 

  • Cold Call Companies: These scammers will only deal over the phone, and the number they give you will never work. They create a single line of communication that only flows one way, and they will pressure you into paying them an upfront fee in order to sell to a buyer they have waiting on the other line. However, there never is any buyer. These people will take your money/personal information, promise to call you back that same day, and you’ll never hear from them again.
  • What You Can Do About It: As mentioned above, if a company contacts you (especially if they pressure you to pay them on the stop) do not deal with them. If you had wanted their services, you would have researched them and called them up.

 

  • Upfront Fees: The common link between all of these scams is that they all ask for upfront fees in exchange for their services. Any company or person who promises to help get rid of a timeshare for you at a cost to be paid before the deal is done… they won’t work for you. Even companies that legitimately list your property for an upfront fee will stop pushing to advertise your listing once they have your money.
  • What You Can Do About It: Never, never pay an upfront fee to any company. Any legitimate resale company will offer free consultations at the very least, and they will always agree to getting paid upon the closing of your deal.

 

Enough Lies! Learn the Truth About Selling Your Timeshare!

Timeshare Secrets Dan and Donna Connelly

As former timeshare owners, we remember how hard it was to find practical advice on selling our timeshares.

You probably feel the same way. You don’t want some sleazy salesman pushing yet another “listing service” which only ends up taking more money out your wallet.

In other words, you don’t want hype… you want results.

Learn more…

Sell Your Timeshare in California — Stop Paying Maintenance Fees Today!

Selling a timeshare in California can be one of the easiest tasks in this industry. Much like Florida, California is a vacationer’s dream – and it has its very own Disney Theme Park, not to mention Lego Land! There are ample sites to see beaches, vineyards, Hollywood… the list goes on and on.

Unfortunately, no matter how cool a place can be at first, you can find yourself getting very tired of the same old thing. When this happens, you might consider getting rid of your timeshare in California. When it’s time to move on, it’s time to move on, right? Why pay maintenance fees for something you aren’t using?

Remember back to when you bought your timeshare, and the salesperson mentioned that you could always exchange your current resort or destination for another one down the line? If you have tried to do this, you might just know exactly how hard a task this can be. After all, you were talked into buying a timeshare week, not timeshare points.

 

 

The downside to owning a timeshare in California is that may others do as well. This is unfortunate if you would like to exchange your week, as other owners might not feel the same. However, there is a silver lining to this cloud.

You see, given how in-demand timeshares in California are, you should have almost no problem selling yours. Many tourists here in the US and abroad are chomping at the bit to visit California. This is due in part to its being very different from, say, the East Coast in terms of attitudes and weather. It draws in crowds, many of whom would like to own a vacation property.

On Ebay alone California makes up the 2nd highest timeshare resale territory in the US. There’s clearly a demand for your property. All you have to do is use our resources and follow our advice. We can help you by finding a reputable timeshare resale company. You’ll have that timeshare in California sold in no time, and you won’t have to worry about Maintenance Fees ever again.

 

Enough Lies! Learn the Truth About Selling Your Timeshare!

Timeshare Secrets Dan and Donna Connelly

As former timeshare owners, we remember how hard it was to find practical advice on selling our timeshares.

You probably feel the same way. You don’t want some sleazy salesman pushing yet another “listing service” which only ends up taking more money out your wallet.

In other words, you don’t want hype… you want results.

Learn more…

The Only Timeshares FAQ You Need to Read

Timeshares FAQ: Learn How to Sell Before You Sell

We know firsthand that Timeshares can be confusing, and frankly many feel that they are much more intimidating than they have any right to be. To an extent this is true, but part of the intimidation comes from a lack of knowledge. Below is an FAQ loaded with the most common questions regarding the sale of timeshares.

 

  • Q: I bought a timeshare. That means I am stuck with it, right?
  • A: Actually, no. Timeshares may sound like a life-long commitment, and maybe that’s how they’ve been sold to you, but in reality there are numerous ways to getting rid of your timeshare.
  • Q: How can I get rid of my timeshare then?
  • A: An owner can get out of a timeshare contract in many ways. For starters, owners can send a Rescission Letter if they are still within their contracted Rescission Period (check your contract to see how long you have, as rescissions vary from state to state, as well as from country to country).
  • Q:What if I am past my rescission period? Am I stuck?
  • A: No. While it becomes more difficult (and expensive) to get out of timeshare ownership once a rescission period has passed, owners are far from stuck. They can still sell their properties, and in some cases they can donate them.
  • Q:How can I sell my Timeshare?
  • A: If you’re looking to sell a timeshare you no longer want, there are two main options. You can either sell on your own (using classified ads in newspapers, ebay, and so forth), or you can use an intermediary Resale Company that specializes in the resale of timeshares.
  • Q: I still owe payments on my timeshare. Will this hinder my sale?
  • A: No, it will not. Once you sell a timeshare, the buyer takes over the payments. Just be kind and make a mention in your listing if a payment is coming up. That way however buys your timeshare knows in advance when the next payment is to be made.
  • Q:How should I go about picking a reliable Resale Company?
  • A: By and large, most resale companies are the same. All the same, finding the right timeshare resale company is like anything else: You want to shop around. Check online for testimonials, read forums where former timeshare owners share their experiences (good and bad). Do your research. The best way is to follow the tips listed here on timesharesecrets.com, as we are experts with this sort of thing.
  • Q:I already got scammed into buying my timeshare, how do I know I can trust you when it comes times to sell?
  • A: We have been scammed as well. That’s why we started this company in the first place. We know how expensive timeshares can be, and we wouldn’t wish that burden on any one. Add to that we are listed by the Online Business Bureau as a legitimate business, and have been since we first opened our online doors.
  • Q:Do I need an appraisal before I can sell my timeshare?
  • A: No, you do not need to have your timeshare appraised before selling it. This is because timeshares are not technically your property. The resorts and developers who sell them in the first place own the property you’re sharing. You merely own a timeslot, and as such need not worry about such things.
  • Q:The resale company I spoke with told me I needed an appraisal, and that they would do it for me for a fee. Should I listen to them?
  • A: No, you should not. Resale companies know how these sales work, so they already know appraisals aren’t necessary. If the company you are speaking with demands any kind of upfront fee before they list your timeshare, they are likely only trying to rip you off. Find a new company.
  • Q:I found a company that told me they already have a buyer lined up. Is this too good to be true?
  • A: Unfortunately it is too good to be true. Selling timeshares is a tough process, and can take weeks – sometimes even months in rare circumstances. If a company promises you an immediate sale, they’re likely lying. They will charge you an upfront fee for listing, and then you’ll never find a buyer.
  • Q:You mentioned earlier that I could donate my timeshare?
  • A: We did, but we should make clear that this should always be your last option. You see, donating a timeshare can be a difficult process. With the economy as it is, and with the poor reputations these rented vacations have, many organizations will not accept such donations. Also, there are many cases in which people have donated their properties only to find that they still own the contract, but that some one else is using them for free. If you do intend to donate your timeshare, make sure to deal only with a reputable and well known organization.

 

Enough Lies! Learn the Truth About Selling Your Timeshare!

Timeshare Secrets Dan and Donna Connelly

As former timeshare owners, we remember how hard it was to find practical advice on selling our timeshares.

You probably feel the same way. You don’t want some sleazy salesman pushing yet another “listing service” which only ends up taking more money out your wallet.

In other words, you don’t want hype… you want results.

Learn more…

Finding Timeshare Attorneys for Your Property Needs

For a variety of reasons timeshare owners can find themselves in trouble with their properties. From contractual issues to payment problems, legal qualms are not uncommon when you own a timeshare. Thankfully, there are timeshare attorneys out there who can help you resolve these issues quickly to help you get on with your life.

From reviewing timeshare agreements to avoiding foreclosure an timeshare scams, and even assistance in selling your timeshare, these legal professionals are well versed in the timeshare industry and know what will fly and what won’t.

If you are in need of legal advice regarding your timeshare, don’t hesitate to contact a timeshare attorney. It is always better to address an issue before it becomes a real problem, and real estate law is far more complicated than it may seem, especially when it comes to timeshares. Contracts are often designed to be very hard to break but very easy to breach, so don’t make any decisions involving your timeshare until you have sought out legal counsel.

 

Enough Lies! Learn the Truth About Selling Your Timeshare!

Timeshare Secrets Dan and Donna Connelly

As former timeshare owners, we remember how hard it was to find practical advice on selling our timeshares.

You probably feel the same way. You don’t want some sleazy salesman pushing yet another “listing service” which only ends up taking more money out your wallet.

In other words, you don’t want hype… you want results.

Learn more…

“Do I Need an Appraisal to Sell My Timeshare?”

Do I need an appraisal if I want to sell my timeshare?

This is a question that comes up all too often in the timeshare resale trade. The good news is that the answer is “no”.

Timeshares aren’t like other properties. While one can consider them investments in terms of vacations, they do not possess the number one quality that other properties do. That is to say, timeshares do not increase in value.

Where a person might be required to get an appraisal for their home or condo, timeshares do not operate under the same guidelines. There are a few reasons for this, the first of which being that while you own a week (or in some cases, points) of a certain resort, you do not own the resort. Disney or Marriott — they own resorts, and if they chose to sell their entire property (say, one hotel) they would have to get an appraisal as they are the owners of the property. In fact, Disney and other developers still own the property you’re staying in. You’ve only paid for the time to stay there.

This leads to the second reason. You only truly own time, not property. So long as you’re paying the maintenance fees (and we all know you can’t get away with not paying those) you’re fulfilling your part of the upkeep. You see, resorts can’t get away with letting their property fall out of order.

The final, and probably most important, reason why you don’t need an appraisal is that the developer already owns the property. You’re not selling that to a buyer. You’re only selling the right to vacation at a designated time. There is no actual deed or property exchanging hands. As your buyer is taking over your week in a resort, the developer who is renting them out to people in the first place already knows the details of the property.

That being said there are numerous resale companies that ask for appraisals, or will even try to sell you on spending extra money for them to appraise the property for you. Back away from any company that makes this offer and refuses to sell your property without it. Simply put, these companies want only to get as much money from you as possible. They aren’t trusted names in timeshare sales.

At timesharesecrets.com we know who to trust and who to ignore, so you’ll never have to worry about paying for unnecessary services again.

Enough Lies! Learn the Truth About Selling Your Timeshare!

Timeshare Secrets Dan and Donna Connelly

As former timeshare owners, we remember how hard it was to find practical advice on selling our timeshares.

You probably feel the same way. You don’t want some sleazy salesman pushing yet another “listing service” which only ends up taking more money out your wallet.

In other words, you don’t want hype… you want results.

Learn more…

Escape Timeshare Ownership – Before it’s Too Late!

So you’ve just gotten home from your family vacation. You had a lovely time sipping drinks on the beach, jet skiing with the kids… got sold a timeshare you can’t afford?

If you have found yourself in ownership of a timeshare, but after dedicating some time to the idea you realize you would rather back out of the deal, do not worry. Often times this realization happens with enough time left to get rid of your timeshare contract with little stress.

The key to backing out of a contract at no risk/cost is to pay attention to your allotted rescission period. This is the number of days granted to you by the contract of which you have in order to back out of your contract at no cost. Every territory has its own rescission period, so the amount of time you have to back out depends upon where your timeshare is located. For instance:

  • US: Rescission Period varies from state-to-state, but is often somewhere between 3 – 15 days.
  • Mexico: Rescission period lasts 5 days.
  • UK/England: Rescission periods vary, but are typically good up to 14 days.
  • Greater Europe: Rescission Period typically end after 10 days.

Assuming you’re within your allotted rescission period, you can get out of your contract by simply contacting the developer/resort with whom you have signed the contract, and by telling them you wish to cancel (rescind). In many cases filling out a form the developer/resort provides can speed up this process, but a written letter can serve the same purpose in half the time.

(As added protection, make sure to make a copy of the request for your own records. This will help keep you protected should they insist you sent the request after the rescission period has ended.)

If you’re trying to get rid of a contract, but the rescission period has already expired… things will be more difficult and expensive, but there is hope.

The two methods you can rely upon are to turn to a Timeshare Attorney, or to sell to a timeshare resale company.

  • Timeshare Attorney: Timeshare attorneys specialize in everything related to timeshares, from their purchase and sales, to any disputes that may arise. Like any attorney they can be quite costly, but if you find yourself in a desperate situation you will find no better option for getting rid of your timeshare contract.
  • Selling to Third Parties: There are a myriad of companies out there that specialize in buying timeshare contracts from their current owners. This method is usually the least expensive between the two, though it is not always reliable. These businesses typically purchase contracts from well-known companies (such as Disney or Marriot), but will often ignore smaller companies due to a lack of familiarity, or based upon poor reputation. There is also no guarantee that the first company you find will get the job done, and you may have to try out a few companies. Don’t worry; so long as a company is legitimate, you won’t have to pay a dime until they sell your timeshare.

If you’re feeling burdened by your timeshare don’t lose hope. There are several ways out of your contract, as you’ve just seen. Stop wasting time and relieve yourself from the burden of ownership today!

Enough Lies! Learn the Truth About Selling Your Timeshare!

Timeshare Secrets Dan and Donna Connelly

As former timeshare owners, we remember how hard it was to find practical advice on selling our timeshares.

You probably feel the same way. You don’t want some sleazy salesman pushing yet another “listing service” which only ends up taking more money out your wallet.

In other words, you don’t want hype… you want results.

Learn more…

Avoid Timeshare Scams – Five Essential Tips

It’s a little harder to get duped by a timeshare scam these days, but there are still plenty of people out there who hope to make you fall for one. Our goal here is to educate you before scammers and crooks have a chance to take advantage of your desire to buy, or even sell, a timeshare. We’ve come up with a list of five essential tips on how to avoid such scams.

 

  1. Avoid buying on the spot. Any company that pressures you into buying a timeshare on the spot is likely up to no good. Companies or Resorts (such as Disney) will gladly give you a number to their sales office if they can’t get you to buy then and there, but scam companies likely won’t take no for an answer.
  2. Avoid 900 numbers. Legitimate businesses always operate through 1-800 numbers. If you go into your search engine of choice and type in any number starting with “1-900”, you’re guaranteed to find endless complaints of identify theft, fraud, and so forth. So even if the company you’re dealing with sounds legitimate, if they give you a 900 number to call simply stop dealing with them immediately.
  3. Have an attorney review the contract. If you’re going to be bothered into signing a contract, at least make sure the company allows you to have an attorney review it before you give in and sign on the dotted line. A trained eye will be able to tell in a heartbeat whether or not a deal is legitimate, so don’t leave it up to chance. If the company won’t give you a copy for your attorney to examine, odds are they are crooks.
  4. Research the company. With the emergence of smart phones, this step has never been easier. While listening to the presentation do yourself a favor and do an internet search on the company. Pay attention to any testimonials you come across. Odds are if this company scammed some one before, the victim will have made a public complaint online. If you’re not at the presentation, and are speaking to a sales person over the phone, just use your home computer.
  5. Always read the fine print. This tip even applies to legitimate companies, but it’s especially important when you suspect the deal might be a scam. There might be hidden fees or other such traps in your contract, so be diligent when reading. Don’t skip a single word, especially if it’s in smaller font.

 

There are vultures everywhere, and they love to prey upon the easily fooled. The key is to stay informed, and to act upon that information. Keep the above tips in mind and never get duped again.

Enough Lies! Learn the Truth About Selling Your Timeshare!

Timeshare Secrets Dan and Donna Connelly

As former timeshare owners, we remember how hard it was to find practical advice on selling our timeshares.

You probably feel the same way. You don’t want some sleazy salesman pushing yet another “listing service” which only ends up taking more money out your wallet.

In other words, you don’t want hype… you want results.

Learn more…

How To Write a Timeshare Contract Cancellation Letter.

Timeshare cancellation can be a piece of cake despite what some people might tell you. The key is to getting started before it’s too late. If your contract is still in rescission, you can get out of it by simply writing a contract cancellation letter.

Do yourself a favor and go look over your timeshare contract. Do you see a section that covers something called a “rescission period”? A rescission period is the amount of time you are allowed to cancel your contract, and if you’ve acted in time you should be in the clear. (Most contracts in the US allot buyers anywhere between 3-15 days to rescind the contract)

So you’ve found your contract, and you still have time to back out. Great! So, what’s the next step? Simply, the next step is to write a timeshare cancellation letter.

There are three important bits of information you must include when writing a timeshare cancellation letter.

  • List your name, as written on the contract.
  • Your contract number
  • Date of purchase

Now, with these three bits of information in mind, simply write a formal letter stating your intent of getting rid of your timeshare. You don’t necessarily need to include your reasons for coming to this decision, but if you feel like doing so you certainly may. All that matters is that you’ve told the company you wish to cancel the contract, and also that you’ve included the three necessary bits of information I listed above.

As a final bit of advice, I would suggest that you never email or fax your cancellation letter. While these two methods will save you some time initially, there is no guarantee that the letter won’t get “misplaced” by the company in question. Always, always, always send the letter via registered or certified mail. By taking this safety precaution, you can rest assured that there is proof of your cancellation taking place within the rescission period should the need for attorneys ever arise.

Writing a competent timeshare cancellation contract while still in rescission is the best means of getting rid of your timeshare before it costs you dearly. We’ve shown you how, now get to writing. Get out from under your contract today.

Enough Lies! Learn the Truth About Selling Your Timeshare!

Timeshare Secrets Dan and Donna Connelly

As former timeshare owners, we remember how hard it was to find practical advice on selling our timeshares.

You probably feel the same way. You don’t want some sleazy salesman pushing yet another “listing service” which only ends up taking more money out your wallet.

In other words, you don’t want hype… you want results.

Learn more…

Understanding and Selling Timeshare Points

In the world of timeshares there are weeks and points. Though more people are familiar with timeshare weeks, timeshare points can be sold in much the same way. You might find that timeshare points are easier to sell rather than whole weeks, and there are good reasons for this. Before we get into that, though, let’s get every one caught up to speed on timeshare points.

 

What Are Timeshare Points?

Timeshare points are very similar to timeshare weeks, but there is one very important distinction. With timeshare points, you aren’t limited to one week out of an entire year in which to take advantage of your timeshare property. You don’t even have to stay at the same timeshare.

Instead, buyers of timeshare points are able to use them as a means of travel currency. These points can be saved up for buy vacation slots at more than one resort, as well as for the purchase of airline tickets or cruise tickets.

 

I Can Sell My Timeshare Points?

Yes, absolutely you can! Selling timeshare points is exactly like selling timeshare weeks, at least in terms of the processes. Owners of timeshare points can sell them on their own utilizing sites like Ebay, or they can sell them through any number of reputable timeshare resale companies.

As a matter of fact, timeshare points are becoming much more popular amongst buyers as they offer much more flexibility than static weeks. For this reason owners are more likely to find buyers. The only downside is that you may not make as much money from selling your points over selling an entire week/property.

 

Why Sell My Timeshare Points?

Like most people, you’re probably trying to save money during this rocky economic period. There’s no shame in that.

Selling timeshare points is a way for any one who needs a little extra money for the vital things in life. We would all love a vacation right now but, if you cannot afford the travel and other such costs associated with one, it might be in your best interest to unload your timeshare points before it’s too late.

 

If you have timeshare points that you aren’t using, make a move to sell them as quickly as possible.

 

Enough Lies! Learn the Truth About Selling Your Timeshare!

Timeshare Secrets Dan and Donna Connelly

As former timeshare owners, we remember how hard it was to find practical advice on selling our timeshares.

You probably feel the same way. You don’t want some sleazy salesman pushing yet another “listing service” which only ends up taking more money out your wallet.

In other words, you don’t want hype… you want results.

Learn more…

Selling Timeshare Contracts: Are Timeshare Resale Companies Worth It?

One option for getting out of your timeshare contract is to sell your timeshare to a new owner. The beauty is that through selling your timeshare, you are getting out of your contract and giving it to someone else. The best part is that you stand to make money doing it. One question that gets asked all to often is, “Are timeshare resale companies worth the money?”

The process of selling your timeshare through a third party can be a little hit-or-miss, but there are usually reasons for this – reasons that are by no means immune to careful planning. When you begin looking for a timeshare resale company, here are some things to keep in mind:

  • You will take a hit; don’t expect your original investment.
  • Do your research.
  • Avoid Upfront Fees and overly optimistic promises.

There is good money to be made in timeshares, but not necessarily if you’re a current owner looking to sell yours. By and large this is an industry that favors the resorts and resale companies, in that they can buy your timeshare for less than it was originally worth then turn around and sell it to a new buyer for a mark up. This isn’t dishonest in any way, so don’t be concerned/discouraged. This is simply how the business works.

Wouldn't it be nice to see that sign on YOUR property?

When considering a fair asking price for your property, the general wisdom is to expect a 50% loss off of your original investment. If you’re going to take out a listing at a resale company for a timeshare that originally cost you $3,600 expect to start pricing at $1,800. To ensure that you actually sell your property I would advise you to price lower – to price competitively. Many timeshare owners are selling their weeks, so there is a lot of competition out there. Give yourself the best advantage you can.

Of course another important factor to take into consideration when looking for a timeshare resale company is that you do not want to jump at the first company you find. As with anything else, you need to shop around before investing your money.

As there is so much money to be made in the timeshare resale business there are an almost endless number of sites that want your money. Not all of them will get it through honest means. At the very least you’re liable to wind up paying too much for too little if you walk into this blind. Keep your eyes open, and your wits sharp.

 

One fantastic resource for finding a reputable resale company is to search for one through the ARDA-ROC’s Timeshare Seller’s Resource Center. The site provides prospective sellers with a comprehensive list of companies, forums for previous sellers to advise new sellers, and a detailed list of things to watch for in a reputable company.

If nothing else, my best advice is to ignore any company who asks for an upfront fee and promises to have a buyer already lined up. Selling timeshares is not an exact science, and some very desirable properties might not sell for any number of reasons. If any one tells you they have a buyer, they are most likely lying. If they ask for an upfront fee they are essentially asking you to give them free money – they likely won’t do what it takes to sell your timeshare.

Selling your timeshare contract is a big deal, so don’t fool around. Timeshare resale companies are reliable, by and large. Follow our advice, keep your eye on the prize, and get rid of your timeshare contract for good.

Enough Lies! Learn the Truth About Selling Your Timeshare!

Timeshare Secrets Dan and Donna Connelly

As former timeshare owners, we remember how hard it was to find practical advice on selling our timeshares.

You probably feel the same way. You don’t want some sleazy salesman pushing yet another “listing service” which only ends up taking more money out your wallet.

In other words, you don’t want hype… you want results.

Learn more…