Many timeshare owners are frustrated after making these purchases. In fact, statistics from 2016 found that 66% of timeshare owners felt that costly maintenance fees were their main reason for wanting to get out of timeshare contracts. Therefore, timeshares often become burdens for their respective owners. Understandably, a timeshare owner will consider selling this property. This is where scammers enter the picture, looking to prey on those eager to sell. Considering that, here’s the process behind a typical timeshare resale scam.
Initial Contact by a Scammer
If many things seem too good to be true, they likely are. Therefore, it’s important to be aware of companies contacting you after placing a timeshare up for sale. One study by Ernst and Young found that 56% of reclaimed timeshares stemmed from foreclosure. Considering that, many timeshare owners are so eager to escape these contracts they immediately fall into this trap. After all, it’s understandably hard to resist
It seems like forever ago when you were lying on the beach, sipping a cold drink, and taking in the warm summer sun. Now, the ground is covered with ice and snow and you have to bundle up in multiple layers to even go outdoors. You expected this winter dread and purchased a timeshare while you were on vacation. But, with busy work and school schedules and the upcoming busy holiday season, you simply cannot find the time to use that timeshare. In fact, you don?t see any time in the foreseeable future that you can really take a vacation. Now what? Are you wondering, how can I sell my timeshare?
Evaluate your contract
You were probably filled with excitement when purchasing the timeshare. In fact, that is how timeshare companies succeed. They take advantage of the r