The most popularly used timeshare scam phrase of all time is something like this: “We already have a buyer for your timeshare!”
Out of the blue you will get an unsolicited phone call from someone who seems to know a lot about the timeshare you own. Quickly they will say they have a buyer already for your timeshare. They will make it a point to sound convincing. They’ll use timeshare industry language and real estate terms to convince you they are legitimate. They will be very convincing. They may even convince you they work for your timeshare resort!
Lists of timeshare owners and their contact information are available for sale. Databases exist that have millions of timeshare owners in them. Depending on the quality of the list, names are for sale anywhere from 2 cents to over a dollar apiece. The industry inside joke is that if you have ever had a thought about a timeshare your name is on a list somewhere. Have you ever filled out a card at the mall for a chance to win a new car? If so, your name is on a timeshare prospect list.
Being excited about having a buyer for your timeshare is a normal response. So it is easy to imagine getting confused about the actions that follow. Normally an offer on a timeshare will be followed by a “Contract to Buy” your property. No money from you would be required. The timeshare scam uses your joy over selling to convince you to send them thousands of dollars for closing costs, title search, advance fees, or other costs.
That is where they get you.
Naturally you will question why the buyer isn’t paying those costs. They will tell you that timeshare sales are traditionally sold this way or some other convincing reason. Thus, once you send them money, they are done with you. Your check will be cashed and you will never hear from them again. Also, they will probably move to a new location before too long to stay ahead of law enforcement.
One simple rule you need to follow here: Never send money to anyone for closing costs or title costs to sell your timeshare. You may need to catch up maintenance fees but those you would pay directly to the resort or resort management. You are the owner, so you should be on the receiving end of the money flow!
Just remember, if someone calls you saying they already have a buyer for your timeshare and all you need to do is send money – they are lying.
Trust a timeshare resale broker to get the job done if you need to sell your timeshare.
Timeshare-Resale-Broker.com is the leader in the Vacation Resale Brokerage Business and innovators of timeshare resale services for individual consumers and software for resale agents. Since 1979 (over 38 years) we have had original management. All of our Timeshare Agents are Resale Specialists and members of NAR, the National Association of REALTORS®.
We pioneered the first timeshare resale broker website on the Internet in 1995. We advertise on many more.
People wanting to sell and get rid of a timeshare benefit from the professionalism of a licensed timeshare resale broker who stay on top of the ever changing technology as well as industry direction. We work with all buyers for the vacation properties registered in our database. We have a team of REALTORS® and personnel who are forever assisting the buyers, sellers and insure that the time share sale transaction is as smooth and easy as possible. Call today to get rid of the timeshare albatross! Call us at 1-800-247-4392
Experience: We have sold and closed timeshares in over 29 countries, in 47 states in the USA, have closed deals with sellers and buyers from over 89 countries. We have helped thousands of owners get out of an their unwanted unit. We have a program that gets you out of your property without waiting for a buyer too. This stops the fee payment burden right away.
We offer all our expertise to you!
Our offices are at 14500 Hwy 105, Conroe, Texas 77304.