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Many timeshare owners who feel they have been scammed are looking to get rid of their timeshares. Usually, selling a timehsare it is their first choice, but selling a timeshare is not an easy task.
How does a Timeshare Resale Company Operate?
This kind of company is also known as “Resale Service Providers”.
Commonly, they contact the timeshare owners by phone, and they tell you expressions like, “I see you have a timeshare, do you want to sell it?”
A lot of people are getting these phone calls from resale companies; this is the way they contact people.
They tell you that selling a timeshare is easy because the resale market is hot.
Unfortunately, there are many companies that ask for an upfront payment, and they promise to sell your timeshare with the guarantee of giving your money back when they are able to sell your unit. These companies are scams.
Timeshare Resale Companies to avoid
Top worst timeshare companies:
Timeshares Only
This company is known as the world’s largest timeshares resale marketplace. Timeshares-only offices are located in Orlando, Florida.
They assure me that there is a hot timeshare resale market.
Your timeshare can stay listed for years, not only unsold, but also at a lower price.
However, if you ask them to get a refund or even a partial refund, they deny your request.
Grand Weeks VIP
Grand Weeks VIP is a vacation package. This fraud is more frequent in Cabo San Lucas, Mexico.
This timeshare resale company says you have to buy a membership with a cost and some additional fees.
They promise to refund your initial payment.
Then, another company asks for another fee and an escrow company too.
Besides, they ask for attorney’s fees.
Once you pay, you won’t hear from them again, and your money will be lost.
Global Golf Connections
Global Golf Connections is a rental and resale timeshare company that is one of the most fraudulent.
Those owners of timeshares at Mayan Palace are the scammers.
They offer to rent and sell their weeks, especially to golfers that stay at the resort, but this is a lie.
They don’t have golfers or anyone else waiting to buy or rent timeshares.
They state that they won’t charge any fees, which is a lie.
They will obviously charge you an upfront fee for the right to list your timeshare property.
Like these, there are many more timeshare resale companies, most of them are scams.
People need to be aware of the signs of a timeshare resale scam company:
1.Unsolicited phone calls
2.Fees in advance
3.No real estate license
4.It sounds too good to be true.
5.High closing costs
Brokerage Services, LLC
This timeshare resale company claims to have a client for your timeshare, but once they have your money, they stop answering your phone calls, and they will never give you your money.
They are located at 666 FIFTH AVENUE, SUITE 113, NEW YORK, NY and their brokers are BROKER FRANK CALISE and MARCO PELEGRINI
Trusted Title & Escrow LLC
Their official titles are OLGA KELLER STUART and ROBERTO MEDINA.
This enterprise is registered at the state department, and it is associated with BROKERAGE SERVICES LLC to defraud people, claiming that they have clients to rent or resell your timeshare, then disappearing, with all your money.
Tips to Avoid Being Scammed by a Timeshare Resale Company
1. Never pay anything upfront: Beware of unsolicited phone calls claiming they have a buyer for your timeshares, and they will do the process just paying them an upfront fee.
2.Get everything in writing: Get all the information about their offer in writing and make sure that all the promises are stipulated in the contract.
3.Do some research: If you think about listing your timeshare with a timeshare resale company, do your research first on the internet to see if there are people who are satisfied with the services.
4.Check for a real estate license: Ask if they have license to sell real estate and check this information with the state’s Real Estate Commission.
6.Pay only if your timeshare is sold: Never pay fees in advance, pay only after your timeshare unit is sold.
If you still think about listing your timeshare for sale with one of the Timeshare Resale Companies, I recommend you think twice before you do it.
Timeshares do not have any value on the timeshare resale market, and the prices are so low, because the supply exceeds the demand.
There is no “hot” market for timeshares, as timeshare resale companies expose.
Selling a timeshare is just a waste of money and time.
It is important to mention that the best way to get rid of an unwanted timeshare is not by selling it, but by canceling the timeshare contract.
Timeshare cancellation should not cost an upfront fee, and once it is properly made, you will have the financial freedom you need.
Contact Mexican Timeshare Solutions for a free consultation on how we can help you cancel your timeshare contract with no fees in advance.
To receive more information about timeshare resale companies and how to cancel your timeshare, send us a WhatsApp to +52 333 239 6589, fill out the contact form, or call us at +1 714 277 3662.
Do you know of any other timeshare resale companies that you would NOT recommend? Please share them in our comment section to help more people and prevent them from being scammed.
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I wonder of those are the same people who keep sending me post cards offering to take my timeshare off my hands.
Only I don't have a timeshare.
estas compañias son de lo peor, jamas hacen lo que prometen obviamente, bien te dejan esperando por años sin noticias, pero eso si, para cobrar son buenisimos, es una estafa mas!!! tengan mucho cuidado, no se dejen engañar tan facil por esta gente
no ones wants to be scammed , and those resale companies is what they want to do with persons that are not noticed about how the timeshare business opperates , by the way , they best tip that i can tell you is that never get near about a timeshare presentation , even a a resort or something like that
I asked to take the contract home to have a lawyer review and if OK I would mail them a check and signed documents. They refused. They said they cannot do business via phone, fax, or email. I said "I said mail, not phone, not fax, and not email". They still refused to let me leave with a copy of the unsigned contract to review with an attorney.
yo tuve que vender mi tiempo compartido por mi propia cuenta, ya que años atras intentando buscar ayuda, fui estafado por empresas de reventa, que juran que ayudaran con tu problema pero la verdad es que una vez que les das lo que quieren, ellos nunca mas ponen atencion a tu caso, pueden pasar bien algunos años antes de que tengas alguna respuesta de ellos
Todas son igual de ratas, esto de los tiempos compartidos en tuntotal desperdicio de tiempo y de dinero , de mucho dinero , estas personas se hacen ricas con el dinero de los turistas, prometiendo cosas que jamas podran cumplir , deben de tener mucho cuidado con este tipo de estafas, alejense de esto y jamas vayan a una presentacion de tiempo compartido
i tried to sell my timeshare, and i contacted with a resale company who ask me money in advance. But now it has been 2 years since that and nothing happen, i can't contact them cause they don't answer my phone calls or my emails, i really need help!!!!
you must agree hotel cid mazatlan to this list , my brother had a very bad experience with that resort, they offer so many things that never acomplished, my poor bro with the ilussion to had a great experience those guy ripped their money ,, the big mistake of him was when he went to a timeshare presentation and the offered to him free months if he pay many others, he never received that months, such a shame, totally scammed
it's so difficult to really get the truth from all these companies, i think that the best thing we could possibly do is to search information about everything and then make a desition. DO NOT sign anything before being totally sure about it!!! That's my advice!
everything in timeshares sounds too good to be true, they just tell lies, because all they want is our money, i can't trust again, i've been scammed two years ago and i'm still trying to get rid of it! I don't know what else to do, please help me!!
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