How a Sell My Timeshare Now Scam Can Devastate You
Timeshares can be a fantastic opportunity for you and your family to enjoy annual getaways to your favorite vacation destinations, but they can also be huge financial burdens as well. The fact that these properties have the potential to get very expensive to keep often is what drives people to want to cancel their timeshare and put the money they spend on fees and other costs to better use. However, with timeshare resale also comes another potentially heavy financial problem - the "sell my timeshare now" scam.
More people than ever are trying to get rid of their timeshares, so there is an overwhelming opportunity for scammers to take advantage of these owners. But the devastation is more than just getting taken advantage of, it can cause huge financial loss for the owners (on more than one occasion in some instances), stress, and complete mistrust and difficulty selling your timeshare.
The Better Business Bureau has warned that these scams are on the rise. More and more people each year are falling victim to these frauds, which can drain thousands from unsuspecting owners who believe they are doing the right thing for themselves and their family by trusting someone they believe to be a professional.
Don’t be fooled by their tricks! These con artists make millions off of people who don’t understand how they operate or how to protect themselves. Never pay upfront fees when using a timeshare resale company to help you get rid of your timeshare. Reputable companies know this, and will never charge you extreme fees before they have done any work for you. Follow up with companies you have been in contact with to make sure they are who they say they are and will do what they say they will do. The “sell my timeshare now” scam usually can’t hang around for very long before people become wise to their shady practices, so make sure that the company you are considering working with has a long history of helping timeshare owners get rid of their properties.
If you follow these simple tips, you can better protect yourself against the “sell my timeshare now” scam and be rid of your timeshare once and for all in a safe and successful way.
How to Cancel Your Timeshare and Avoid a “Sell My Timeshare Now Scam”
Timeshares often cause more problems for owners than the perks they are supposed to provide, which I why so many owners eventually begin to look into ways to cancel their timeshare contracts and be rid of the properties once and for all. You may have a lot of questions about how this is possible, especially when there is also a very real risk of running into a "sell my timeshare now" scam. In order to help you out, here are some ways to cancel your timeshare successfully and safely without falling victim to fraud.
The only way to cancel your timeshare and avoid the expensive fees that are associated with these properties is to transfer the title out of your name. There are a few ways you can approach this:
Give Away Your Timeshare
You may be able to find someone who will just take your timeshare off your hands without having to go through the hassle of trying to sell you timeshare. You will know who is taking your timeshare, so there is no risk of a “sell my timeshare now” scam, and there are no middle men involved. But while this may seem like an ideal situation, you may find it extremely difficult to find a friend or family member willing to take your timeshare, especially if you have been complaining about ownership or have been talking about why you need to sell it.
Return Your Timeshare
Many owners don’t even realize they may have this option, but you might! Some developers will take timeshares back from owners if they are unable to use or pay for their properties in order to sell it to someone else. However, the only way to find this out (since most developers don’t advertise this service) is to ask. However, even if they will take back your timeshare, they may make it a difficult process or try to talk you into keeping your property.
Donate Your Timeshare
Another option is to donate your timeshare. This involves transferring the title to a charity so they can attempt to make money off the rental, auction, or sale of the property to benefit their cause. Unfortunately, finding a timeshare who will take your property can often be more difficult than finding a buyer and often have many restrictions since not all timeshares are eligible for donation.
Sell Your Timeshare
Since it can be hard to give away, return, or donate your timeshare, most owners eventually just turn to the professionals and hire a timeshare resale company. These experts boats a variety of tools that can help you get rid of your timeshare much more quickly than you could on your own and with almost no hassle. However, without proper research and follow up you can put yourself at risk of falling victim to a “sell my timeshare now” scam.
The best way to avoid these scams, no matter which route you decide to take when getting rid of your timeshare is to never pay upfront fees for their services. Never pay a timeshare resale company or any other person offering to help you sell your timeshare until you no longer have possession of the property.
The Real Threat of the Sell My Timeshare Now Scam When You Try to Cancel Your Timeshare
When you talk about selling your timeshare, you will no doubt cross the topic of the "sell my timeshare now" scam. These frauds are some of the most common in the country and manage to scam millions of dollars from thousands of timeshare owners each year. But the real threat isn't that your money is at risk, but that these con artists are able to scam money out of you even when you are aware that they are out there.
Timeshare resale scam are quickly becoming the most common consumer fraud complaint in the country, even surpassing insurance and foreclosure fraud. Yet, despite their commonality, more and more timeshare owners each year are falling victim to these scams at an astonishing rate.
This is because as people become more away of the "sell my timeshare now" scam and how they typically operate, these fraudulent companies change their tactics to mask their malicious agenda, making it increasingly difficult to avoid these scams even if you are consciously on the lookout for them.
The most effective way to avoid these scams, protect your money, and successfully get rid of your timeshare is to never pay upfront fees. This is how these scams make their money, so refusing to do so will take away their incentive to scam you. Reputable companies won't require any payment from you until after your timeshare has sold and is no longer in your possession. This allows your satisfaction to be guaranteed and remove the immediate threat of the "sell my timeshare now" scam. However, you should still continue to monitor the company you are working with to make sure there are no unauthorized charges being made and that they are doing their job trying to get rid of your timeshare for you once and for all with no strings attached.
The Sell My Timeshare Now Scam: The Not So Hidden Threat When You Cancel Your Timeshare
The most common concern that people have when trying to get rid of their timeshares is the threat that they may fall victim to a "sell my timeshare now scam". It is a valid concern, because they are quickly becoming the most common consumer scam in the country. The Better Business Bureau ranked them at the #4 spot in their 2010 report of consumer frauds, and that status is quickly rising. But the question remains, if these scams are so common and so many people know about them, how are they able to rip off so many people?
There are brilliant people in this world, and unfortunately some of them choose to put their knowledge and skills to a less than admirable goal. These scammers are smart, and as the timeshare secondary market changes and people become wise to their tactics they change their approach. It used to be that they could simply make empty promises and people would dump money in their lap. But now these false claims are accompanies by high-pressure sales tactics, identity theft, contractual loopholes, and downright lies. They are even managing to scam money out of the same people twice by stealing their money as a "sell my timeshare now scam" and then returning claiming to be "recovery specialists" who can help them recover their stolen money (for a nominal upfront fee, of course) and never make good on their promises.
These scams have the potential to drain thousands of dollars out of unsuspecting owners who just want to get out of their burdensome timeshare, making these properties not only expensive to keep but dangerous to sell. To avoid these scams it is important to only consult with companies you have thoroughly researched and never pay upfront fees for any service. Reputable companies will disclose any information you need before you commit to anything and will never guarantee anything other than your satisfaction.
How to Cancel Your Timeshare Fast and Affordably
Many timeshare owners are able to get years of enjoyment out of their property with little to no problems, while others almost immediately feel like they have made a terrible mistake when they purchased their property and then struggle to get the enjoyment they had hoped for. But there is something that these two types of timeshare owners share, and that is eventually almost all of them try to find away to cancel their timeshare.
Why do so many timeshare owners, regardless of how much they like their property, eventually want to get rid of their timeshare and cancel their contract? The number one complaint is maintenance fees. No matter how much you paid for your timeshare, your maintenance fees will usually continue to rise each year, and the more expensive your timeshare is the more you will pay. In fact, average timeshare maintenance fees can range as high as $800 a year and rarely go back down.
For some, these unexpected rises in maintenance fees and the occasional (and often expensive) special assessment fee are a simple nuisance that causes them to no longer be able to warrant keeping a property. For others, it is the difference between making a mortgage payment and keeping a vacation property.
The only way to cancel a timeshare is by getting rid of it. There are a couple options that most timeshare owners have, including attempting to give it back to the developer or donating it to charity, but the most popular is to try and sell it on the secondary market. Generally, this can be done on your own or with the help of a timeshare resale company. While many have been successful in selling their timeshares on their own, the process is often long, expensive, and frustrating. This makes using a timeshare resale company a great choice for those who want to get rid of their timeshare and cancel their contract fast.
A great resource for finding reputable and successful timeshare resale companies is TimeshareSecrets.com. These experts know what it takes to sell a timeshare safely, quickly, and effectively and graciously share their knowledge with timeshare owners just like you.
Killer Tips for Selling Your Timeshare Quick
When you are facing yet another maintenance fee bill or another year paying ridiculous interest on your timeshare mortgage, it may seem like getting rid of your timeshare as fast as possible is the most important thing on your personal “to-do” list. If you have been trying to sell your timeshare on your own you may be feeling like this is an impossible task. Would you believe me if I told you it was possible to sell your timeshare in less than a week and be rid of your property once and for all? It is possible, and I am here to tell you how.
This first step to selling your timeshare quick is to make the decision to bring in the professionals. While it is true that many people have successfully sold their timeshares on their own, this can often take months. If that’s time you just don’t have to waste, you may want to try another option.
People are often hesitant to use timeshare resale companies because of the risk of running into a timeshare resale scam. This is a valid concern, since timeshare resale scams are one of the most common business frauds you can encounter. However, it is important to realize that not all timeshare companies are bad and many can really help you sell your timeshare fast, in less than a week in some cases, you just have to know what to look for and where to look.
A resource I highly recommend for finding reputable timeshare resale professionals is TimeshareSecrets.com. They have been providing valuable timeshare resale advice to timeshare owners for years and proudly recommend only the most successful and trustworthy timeshare resale companies and legal experts available. The companies they have found never charge upfront fees for any of their services and offer 100% free consultations to assist you with all your timeshare resale needs. They also boast A+ ratings with the Better Business Bureau and guarantee your satisfaction, which means there is no risk of falling victim to a timeshare resale scam here. They also handle all aspects of you sale in house, potentially shaving weeks, if not months off of your sale.
Simply click here to begin the free consultation to speak to one of their knowledgeable specialists and be on your way to being timeshare free in as soon as week!
How To Recognize A Reputable Timeshare Resale Company
If you have been trying to sell your timeshare on your own, chances are that you have spent months trying to get rid of your property with no success. This is a story that many timeshare owners share, and unfortunately many stay stuck in this rut instead of turning to the professionals. I know first hand how frustrating this can be, which is why I am going to share my knowledge on how to find a reputable timeshare resale company that can help you sell your timeshare fast and without the hassle of doing so by yourself.
A lot of people are hesitant to use a timeshare resale company due to the prevalence of timeshare resale scams. There are a lot of them out there and they have the potential to wreak havoc on your bank account and your sanity if you’re not careful. But the best way to protect yourself from these scams is not to be on the lookout for them, but to know how to spot a good company when you come across them.
#1: No Pressure Consultation
One of the main ways timeshare resale scams rope you in is by pressuring you into believing they are the only ones who can assist you. A trustworthy company will not use such tactics to gain your business, because their services and track record speaks for themselves. They will lay out what it is they do, how they do it, and how it can benefit you, but it is ultimately your decision whether or not you want to accept their offer, and there is no pressure to do so.
#2: Honest Assessment of Your Property
False information is another tactic scammers use to lure you into their trap. Reputable companies will always be honest with you about the state of the resale market, the value of your property, and how long they think it will take them to sell it. Exceptional companies will even go as far as to recommend a different path to getting rid of your timeshare if they feel they will be unable to sell it for you quickly and efficiently.
#3: Little to No Upfront Fees
Upfront fees are how scams make money because they don’t provide any real service to you. On the other hand, reputable companies don’t need to do this because they really can sell your timeshare. If a company does require you to pay anything upfront, it shouldn’t be more than $100 (some scams have been known to ask for as much as $2,000 upfront!). Exceptional companies won’t charge anything at all, and you don’t owe them a dime until you no longer have possession of your property.
#4: In-House Legal Departments
Even companies that aren’t total scams can bog down the process of selling your timeshare by outsourcing many of the necessary services. Companies with in-house legal departments and strong relationships with developers and underwriters can shave weeks, even months, off of your resale by doing everything themselves.
#5: Satisfaction Guaranteed
As with any kind of company, you should pay for work once it is completed and to your satisfaction. If you aren’t happy with the way your timeshare resale is being handled, it should be fixed or you should be able to walk away from the agreement. Many scams will include fine print in their contracts that absolves them from any wrongdoing in the event they can’t sell your timeshare, and many times are not obligated to return any money you have already paid to them.
