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Timeshare Resale SCAM Companies: Protect Yourself form Deceptive Practices

Timeshare Resale SCAM Companies: Protect Yourself form Deceptive Practices
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Hey buddy, want to sell your timeshare fast?

This is the typical expression used by the telemarketers to hook people into another fraud: the Timeshare resale companies.

Lots of people are getting ripped off, and not just by the timeshare companies but also by the timeshare resale scam companies.

The reason why this happens is that many people who own a timeshare are desperate to give it away, since they’re not able to keep paying the high costs of maintenance because of the economic downturn.

Also, some of them were practically pushed into buying the property due to the high-pressured timeshare presentations, and others have just outlived the timeshare’s usefulness.  

Whichever the reason is, anyone who finds himself in those kinds of situations becomes an easy target for the timeshare resale scam companies. 

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Timeshare Resale Scam Companies – How they operate

These companies are also known as “Resale Service Providers”. They contact people, especially through phone calls.

The telemarketers claim to the person on the other side of the phone that the resales market is “hot”, and that selling their timeshare will be an easy job.

All they ask for is an upfront fee of about $300 to $700, which varies depending on the location and size of the unit.

After that, they promise to sell your timeshare for an equal price than your purchase cost, or even greater, so you can also generate profits, and that they count with an exclusive customer portfolio full of potential buyers who are interested in getting your timeshare.

Finally, In order to further entice the person, they guarantee to give them the money back in case they can’t sell the timeshare within a certain period.

That’s how the timeshare resale scam companies operate, described in a concrete manner.

Timeshare Resale Scam Companies: How to Avoid Them

timehsare resale scam companies

They are 5 signs that will let you know you’re being a victim of a Timeshare Resale Scam Companies:

  1. Unsolicited phone calls
  2. Upfront fees
  3. No real estate license
  4. Unrealistic pricing
  5. Inflated closing costs

If you notice any of those signs, you’re surely getting scammed. We give you the following tips for you to be prepared:

  1. Hang Up. If the company reaches you by phone and you didn’t ask for their services, there’s a huge possibility they’re trying to scam you.
  2. In case you decide not to hang up and hear what they have to say, never ever give your credit card numbers when they ask for the upfront fee.
  3. Do research on the company, since a large percentage of them turn out to be fraudulent.
  4. In no way trust a company who offers an unrealistic pricing, if it’s too good to be true it’s not real.
  5. Be always suspicious about any offers you receive to resell your timeshare. Check on the web to find out if the costs are realistic.

By following the last advices, you’re getting yourself out from the frauds made by the Timeshare Resale Scam Companies.

It’s also important to mention that the best way to get rid of your timeshare is by canceling the contract. In MTS, we don’t ask for any upfront fees until you see the results.

Contact Mexican Timeshare Solutions for a free consultation on your matter and full advice that will help you cancel your contract and finally get the economic stability we all need. 

To receive more information about timeshare resale companies and how to cancel your timeshare, send a WhatsApp to +52 333 239 6589, fill out the contact form, or call us at +1 714 277 3662.

Information to share

If you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how?

  • Share this link http://www.timesharescam.com/blog/105-timeshare-resale-scam-companies/ on your favorite blogs and forums

Leave your comment below and share your opinion with us. To know more about timeshare scams go to: Timeshare Purchase Scams

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36 Comments
  • victorJuly 3, 2013, 12:58 pm

    This article contains many key tips to avoid being scammed by any timeshare company, being very observant and not fall into any lies being told in timeshare presentations is important.

  • henny lamontagneApril 17, 2013, 6:26 am

    I signed on with TIMESHARE CONCEPTS in Florida 2 years ago. heard nothing till now-got a call they have it sold if I send $800. via wal mart to begin paper work. luckily for me wal mart employees warned me of scams so I was not . They must wait for so long then when the customer is desperate, they make the scam offer.

  • henny lamontagneApril 17, 2013, 6:22 am

    I signed on with a company called TIMESHARE CONCEPTS 2 years ago. I recently received a call they have it sold if I mail$ 800.00 thru wal mart first! I could not verify that it is legitimate so did not send the money, luckily for me. so they must have a long list of people and when desperate enough, call and do the scam !! lucky for me the wal mart clerks warned me of all the scams that occur.

  • marinaJanuary 30, 2013, 4:25 pm

    i got caught two months ago. They charged me $1,200 after they promised to sell my timeshare. The name of the company is ICM Marketing Group, til date i haven't heard anything else from them, it was a major rip off!!!

  • marinaJanuary 30, 2013, 4:25 pm

    i got caught two months ago. They charged me $1,200 after they promised to sell my timeshare. The name of the company is ICM Marketing Group, til date i haven't heard anything else from them, it was a major rip off!!!

  • michaelNovember 26, 2012, 11:19 am

    My neighbor just got scammed by a timeshare resale company after the warning i gave him several times about those cold calls he was receiving. He's lost over three thousand bucks on that deal and doesn't know what else to do to get rid of the damn timeshare

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