Signs You May Have Fallen for A Timeshare Resale Scam

There are millions of timeshare owners in the U.S. alone and while many of them are happy with their purchase, others aren’t. Unhappy owners will sooner or later start looking for ways to get rid of their unwanted timeshare and as the handiest way to get rid of property in most cases is selling, most people who no longer want their timeshares will use legal tactics to sell my timeshare now and try to put their property on the market. Unfortunately, the second-hand timeshare market has quite a few scammers who benefit of owners desperate to get out of their timeshare contract, so here are a few signs that the offer you have received from an interested buyer or an agent is a scam:

  • You were asked to pay an upfront fee for getting a great price for your timeshare, but you haven’t heard from the agent since you made the payment – perhaps the most common scam of them all and one that exploits the desire of the owner to recover the initial investment into the timeshare. The sad truth is that most timeshares sell for a fraction of the price they were initially bought for;
  • You paid a substantial sum for adding your timeshare to a special listing that promises great prices, but nothing happened since you transferred the money or even worse, the listing website is no longer available – a variation of the previous scam type.