Timeshare News – Timeshare Sales Continue to Plummet, Prices Fall to $1

Talk in the timeshare resale industry often centers on timeshare resale scams and how to avoid them or how to sell your timeshare quickly. An often overlooks, yet equally important, aspect of this market is timeshare value. In many cases, owners don’t even realize what the value of their timeshare is until they are about to sell it or someone makes them a low offer they weren’t expecting. As resale scams are on the rise because more people keep trying to sell their timeshare, the value of these properties continues to drop rapidly. Recently people have been reporting that their properties are selling for as little as $1. How can a property that you paid thousands of dollars for be worth so little?

As luxury items, the value of timeshares depreciates over time. The longer you own the property, the less it is worth. However, the cost of ownership often goes up, which means the longer you own the property, the most it costs to keep. Value is low and costs are high, which is why the main focus of many people is getting rid of their timeshares quickly and safely over getting any money for it.

The fact that it often costs money to get rid of a timeshare is what makes it so easy for people to get taken advantage of in this industry. It makes sense for many people to pay upfront fees to unload a nearly worthless piece of property. This is not the case, however, and caution must be taken to not only be taken advantage of by timeshare resale scams, but by greedy buyers who will oftentimes expect you to practically give your property away. Even though your timeshare may not be worth what you want it to be, know its fair market value and stick to your guns. Don’t get duped by scams and people looking for too good of a deal.

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.

 

Sell Your Mayan Resort Timeshare – Escape the Scam

Mayan Resorts is perpetrating deceit against potential timeshare buyers in the industry. If you have found yourself a victim of this scam we can help. By filling out the form at the bottom of the page we can start working on selling your timeshare through Mayan Resorts, but first we’d like to warn potential timeshare owners of this company’s fraudulent claims.

If you’ve been to a timeshare pitch before, you know they can be grueling. Some of the worst stories we hear from our clients and visitors to the site involve Mayan Resorts. Located in Mexico, this chain of vacation resorts is without a doubt privy to some of the more beautiful spots in Mexico. Lying underneath the glamour, however, is an ugly operation.

We have been told that numerous vacationers have been strong-armed into “investing” in Mayan Resort timeshares. Now, you might not find this that strange at first. Timeshare sales pitches can be pretty unrelenting as it is. However, we have received reports of the following tactics being used against hesitant buyers:

  • Nowhere in the presentation is there any mention of the legally binding 5-day rescission period. Even though the contract is read aloud to buyers, this aspect is left out altogether.
  • The salesmen also exaggerate the alleged value of the investment, telling buyers that the property will increase in value by 15% annually. This is not true, as we always warn. For proof if you try to buy a property from the company it will set you back some $3,000 dollars, but identical properties are going on ebay for as low as $650. Does that sound like an increase?
  • If you’ve already purchased a Mayan Resorts timeshare you’ll know this one. They have placed restrictions on current members that forbid them from exchanging their weeks for another property under their banner.

These tactics only represent a fraction of the suspect behavior, and if you’re here that means you likely have more to share. As we mentioned above, we can help you get rid of your timeshare through Mayan Resorts.

Simply fill out the form on our homepage for your free consultation and get started on the road to recovery today.

 

Five Signs You Are Walking Into a Timeshare Resale Scam

Timeshare scams are unfortunately some of the most common business scams out there, and in many cases almost seem to come with the territory of trying to sell your timeshare. With so many people attempting to get rid of their timeshares, it leaves an overwhelming opportunity for dishonest people to take advantage. So how do you know if you are at risk of a timeshare resale scam? There are a few key things you should be on the lookout for:

Poor Standing with the Better Business Bureau

If people feel like they are getting cheated, they will complain. If you are considering working with a timeshare resale company, take some time to check out their track record. If they have poor standing with the BBB or have several unresolved claims, it is wise to steer clear.

Inflated Claims

As a sales tactic to get you hooked into their scheme, many companies will claim that the timeshare resale market is “hot”, that they will be able to quickly sell your timeshare to one of many buyers they already have waiting, or that they can sell your timeshare for a high price. A trustworthy timeshare resale company will be honest with you about the condition of the market and the value of your timeshare, and should make no claims as to the timeframe in which the timeshare could sell.

Upfront Fees

The way a timeshare resale scam makes money is by charging outrageous upfront fees that can get into the thousands of dollars in order to “list or assess” your timeshare. They also claim that all monies will be held in escrow accounts, but unfortunately many of these accounts are held in foreign countries like Mexico that do not observe escrow laws. This allows these companies to continue to charge crazy brokerage fees with no promise of even being able to sell your timeshare or to take your money and run without you hearing another word from them.

There is no reason that anyone should ever fall victim to a timeshare resale scam because there are reputable and honest companies out there that really can help you get rid of your timeshare. TimeshareSecrets.com has gathered many of these companies into one convenient place to allow for you to find the service that best suits your unique needs. Our companies all maintain an A+ rating with the BBB and never charge upfront fees for their services, so you are never at risk of losing your hard earned money to a scam. If you need out of your timeshare agreement or have had your fill of your property and want to sell, look no further than the box below.

Timeshare Scams in Mexico Are On the Rise

Mexico is one of the most desirable vacation getaways for people in the United States due to its proximity, value, and diversity. It allows vacationers the opportunity to get out of the country, expand their cultural horizons, and experience exotic locales while staying close to home. However, due to the number of timeshares owned south of the border, there are also many opportunities for timeshare scams in Mexico to arise.

Timeshare buyers are always cautioned to read the fine print when purchasing a timeshare, especially out of the country. It may seem safe, especially when you are dealing with a popular developer, but each country has its own rules and laws, so it is important to know what you are getting into before you sign on the dotted line in order to avoid timeshare scams in Mexico from the start.

However, it isn’t until you have purchased your timeshare that you really begin to see how things work, and realize you either may not use the property as much as anticipated, that it is not as easy as you expected to exchange for different weeks or resorts, or that you simply can’t afford the maintenance fees that continue to rise each year. This may lead you to try to sell your timeshare yourself in order to get out of the agreement and try to make some of your money back, most likely to no avail.

This is where third party timeshare resale companies may benefit you, that is, if you are able to find a reputable and honest company that can actually assist you with getting rid of your timeshare without trying to scam you out of even more of your money.

If this sounds familiar to you, you have come to the right place. TimeshareSecrets.com has gathered some of the most outstanding and ethical timeshare professionals in the industry to assist you with all of your timeshare needs. From legal advice if you have found yourself in a bad position to resale and value assessment specialists who have the knowledge and experience to provide you with real help, they can do it all or assist you in finding someone who can. And best of all, unlike many companies out there, our recommended businesses never charge an upfront fee for any of the services they provide. If you have fallen victim to timeshare scams in Mexico or are trying to avoid becoming yet another statistic, look no further.

Sell Timeshare Scams: Are You At Risk?

For timeshare owners interested in selling their property, sell timeshare scams are at the top of the list for things to be on the lookout for, thanks to the Better Business Bureau listing them as the 4th most popular business scam for last year. Even though these scams are extremely common in the timeshare resale industry, there are ways to avoid these fraudulent companies and protect yourself.

You may be at risk of falling victim to sell timeshare scams if:

- The company you are working with requires you to pay upfront fees for their services, such as listing or assessment fees.

- Representatives make exaggerated claims about the condition of the secondary resale market, claiming the market is “hot” or that it is a good time to sell your timeshare.

- There is no record of the company with the Better Business Bureau or they have a poor rating.

- You are told that the company already has a database of interested buyers of your property waiting to purchase.

- The company promises to sell your timeshare quickly without any mode of compensation for fees paid if they are unable to.

- No advice or service is offered for instances in which the company is unable to sell your timeshare.

If you have been trying to sell your timeshare through a third party company, it may seem like they all display at least some of these characteristics, but TimeshareSecrets.com is here to let you know that this is not the case. There are companies out there that can actually help you sell or give back your timeshare without resorting to these gimmicks or sleazy sales methods, and we have gathered them in one place to make things as easy as possible to you. Each company we recommend not only maintains an A+ rating with the BBB, but they also provide their exceptional services to their customers without charging up front fees. And if they can’t assist you with your timeshare resale, they can help you find someone who can free of charge. Why put yourself at risk of falling victim to a sell timeshare scam when you don’t have to?

“Sell Your Timeshare” Scams and the Damage They Cause

If you are trying to sell your timeshare, chances are you have come across some scams. These fraudulent companies are so prevalent in the timeshare resale industry, that they are a shocking #4 on the Better Business Bureau’s list of top 10 scams for all businesses last year. The severity and ploy of each scam is often different, ranging from simply charging for services that are never rendered to outright stealing money and disappearing, and it often depends on how desperate a timeshare owner is to get rid of their timeshare.

But what real damage do these “sell your timeshare” scams really do?

Steal People’s Money

This may seem like a no-brainer, but many timeshare owners would be shocked to learn just how much money is scammed out of people each year by fraudulent timeshare companies. The main way they make this money is by charging timeshare sellers hundreds if not thousands of dollars in upfront fees for their services without any real guarantee that they can help sell your timeshare and no obligation to return your money if they don’t.

Another common scam is to claim that all monies related to the selling of the timeshare is being held in an escrow account, when in reality the money is in a foreign account that does not observe escrow laws, allowing these scammers to just empty the account and disappear.

Misrepresent the Timeshare Market

Even if people choose not to work with a company and effectively avoid falling victim to sell your timeshare scams, they often walk away with a skewed view of what the timeshare resale market really is. These scams try to rope people in with exaggerated claims of a “hot” market, inflated timeshare values, and a slew of fictional buyers. This may make people think selling a timeshare is easy to do on their own, leaving them open to disappointment, failure to sell their timeshare, and open to other scams to take advantage.

Give Legitimate Companies a Bad Name

Not all timeshare resale companies are out there to scam people. There are many, like the one’s recommended here on TimeshareSecrets.com, that really can help you get rid of your timeshare without duping you out of your hard earned money or lying to you about the state of the secondary market. The companies found here all maintain an A+ rating with the BBB, never charge upfront fees for their services, and if they can’t help you, they will assist you in finding someone who will.

There’s no need to fall victim to these “sell your timeshare” scams when there are hard working, honest, and successful companies out there ready to help you get out of your timeshare agreement and move on with your life.

Selling Timeshare Scams – What You Need to Know

It is one of the most unfortunate scenarios that someone can find themselves in as a timeshare owner – falling victim to selling timeshare scams. It happens all the time, unfortunately. You either no longer use or can afford to keep your property and are in desperate need to sell your timeshare, and you hire a third party company to help you get rid of your property. In doing so, you pay them upfront fees to “list and assess” your timeshare that can range in the thousands of dollars. Months go by, and you either stop hearing from the company, are unable to get a hold of them, or they have been unable to sell your timeshare and retain the money you gave them, leaving your wallet significantly lighter and still with the burden of your property.

Selling timeshare scams are so common that the Better Business Bureau has ranked these schemes at a shocking #4 on their list of top 10 scams for 2010! But why are these scams so common and why do people keep falling for them? They mainly are able to get away with these scams because timeshares are extremely hard to get rid of and often require professional help to do so. However, instead of providing an actual service to people, these con artists either blatantly steal your money they are claiming is being held in escrow, or their “service” contracts are so tricky that even if they do actually make a shallow attempt to sell your timeshare, the chances of them doing so in a timely fashion (if at all) are slim, allowing them to keep your money while you are stuck waiting and still paying.

TimeshareSecrets.com is here to help you avoid these scams from the get-go. We know how stressful and tiresome trying to get rid of a timeshare can be, and that’s why we have gone out of our way to take the guesswork out of timeshare resale. We have sifted through hundreds of these companies to find only the best. The companies we recommend are honest, reputable, and provide real results when helping your get rid of your timeshare. And unlike many other companies, if they can’t assist you, they will help you find someone who can – all without upfront fees and sales gimmicks. Selling timeshare scams have claimed enough unsuspecting victims, and there’s no reason you should be added to that list.

Timeshare Scams in Florida

One of the most beautiful and entertaining places to vacation in this great country is Florida. It has something for everyone, whether you are an avid golfer, a family visiting theme parks, or a beach bum, you can find something you love in the Sunshine State. Unfortunately, because of its attractiveness for tourists, timeshare scams in Florida are at the top of the list of schemes in the industry.

This is mostly due to the sheer number of timeshares in the state. Between Orlando, the massive coastline, Miami, and the keys, Florida timeshares are a prime target for people who are trying to take advantage of weary timeshare owners.

For a variety of reasons, timeshare ownership doesn’t work out for everyone. While many people get lifetimes of enjoyment out of their properties, others find themselves no longer using or able to afford their timeshare. In many cases, the only way to sell your timeshare is to enlist the help of a third party company. They can help market your timeshare to interested buyers as well as navigate the tricky legal maze that often accompanies getting rid of a timeshare. However, due to the fact that many Florida timeshare owners need to unload their timeshares fairly quickly, timeshare scams in Florida are all too common.

These fraudulent companies use a variety of tactics to make you think they can help you sell your Florida timeshare. These range from claiming that the timeshare resale market is “hot” right now (it’s not), they already have buyers lined up for your timeshare (they don’t) and that they can quickly sell your timeshare (they can’t) if you pay them a steep upfront fee. In many cases, these scams flat out steal your money. They say the money is being held in escrow until your timeshare sells, when in fact they are being held in foreign accounts in countries that do no observe escrow laws, allowing them to empty the account and take off. In other cases, these companies are just bad. They may not be flat out stealing your money, but their contracts make sure to allow them to keep it, even in the event that they are unable to sell your timeshare.

We think that’s just wrong. We know you need to get rid of your timeshare quickly in order to free up the money you are funneling into mounting maintenance fees, and having to shell out even more money to companies who may not even be able to help you is a crime. That’s why TimeshareSecrets.com has gathered only the most honest, reputable, and successful timeshare professionals in the industry. Whether you want to sell, donate, give back your timeshare, or need legal advice for a complicated situation, look no further. All of our recommended companies maintain an A+ rating with the Better Business Bureau, never charge upfront fees, and have a proven track record of being able to help people get out of their timeshare agreements – all while helping you avoid timeshare scams in Florida that would otherwise cost you even more of your hard-earned money.

Timeshare Scams in the USA

It happens all the time; people attend presentations that representatives claim will only take half an hour in order to cash in on a free gift or a discounted vacation. Hours later the unsuspecting emerge having bought into a timeshare they have been led to believe is a good investment for their family and join the ranks of people who fall victim to one of the many timeshare scams in the USA.

It usually doesn’t take long for people to start feeling like they got cheated. Timeshares can appear to be a fun way for your family to spend time together while investing in something you believe will benefit your family in the future. However, many timeshare buyers do not realize that these units are not an investment and they are worth almost nothing on the resale market until it is too late. Because they hold such little actual value, and because timeshare contracts can be extremely complicated to get out of, it can be nearly impossible to sell your timeshare on your own. This often leaves weary timeshare owners to enlist the help of timeshare resale companies to help them get rid of their timeshare.

Unfortunately, these companies are the real timeshare scams in the USA. The timeshare itself, while it may be a financial burden to some, actually has the potential to hold personal value if the buyer knows what they are buying into and actually uses the property. It is the companies that prey on buyers who can no longer use or afford their timeshares that are the real scammers. These companies often charge outrageous upfront fees in order to “list or assess” a timeshare. Then, if they don’t outright steal your money, they have no obligation to re-pay the money if they do not sell your timeshare nor do they work in any kind of reasonable timeframe. This leaves people trying to sell their timeshare out hundreds or thousands of dollars and still bearing the responsibility of their timeshare.

If you are trying to sell your timeshare, it doesn’t have to be and endless and expensive process. Believe it or not, there are timeshare resale companies out there who won’t charge you ridiculous upfront fees in order to help you get rid of your timeshare, and you can find them right here at TimeshareSecrets.com. We have gathered only the most trustworthy, ethical, and effective companies in the industry in order to help you sell your timeshare without bleeding your back account dry. Don’t fall victim to timeshare scams in the USA or anywhere else in the world with the help of TimeshareSecrets.com and our recommended companies.