Timeshare Buying – Avoid Scams and Get the Best Deals

This video talks about how to get out of a timeshare and avoid timeshare resale scams.

According to the video in today’s ruff economic times many people are unable to continue their yearly maintenance fees. And so they try to sell their timeshare. What they quickly find is that there is not a real market for these properties. And the owner becomes more desperate they start looking for any way that they can unload this property that they do not want.

This video states that the one place to avoid is timeshare resale companies that charge an up front fee. These are usually scams. If you were to call the BBB you would find that many of these companies have a D- or F rating. And just like a report card in school, an F is bad.

The video also states that Smart Money Magazine says to avoid any company that wants an up front fee. And that it is best to try an talk with your resort owner to see if they have a buy back program. They suggest another method would be to try and rent your unit to cover the yearly fee or even donating your timeshare to charity for the tax write off.

Smart Money also suggests that you could try and sell your timeshare yourself by listing it on TUG or on RedWeek.

This video is pretty amazing in that in records the calls to a resale telemarketing scam office. The caller had been taken in by the scam and had paid an upfront fee to have her timeshare sold.

On the video you are able to hear the conversation between the victim and employees of the firm. What is very interesting is that the caller kept pointing out that even though she was supposedly talking to different people in different departments all the voices were female and they all sounded very much alike.

The caller has recorded multiple conversations with the timeshare resale company. Was given the run around each and every time she called. It finally got to the point where they said they would refund her money. And then they kept telling her that the check would be sent soon. The she was told it would be sent the next day.

And then she was told that anybody that could help her was not in the office that day.

Always remember that anytime you are asked for money up front the chances are very good that you are being scammed. If you take the home resale market as an example, there is never an upfront fee charged by an agent to list and advertise your house.