Timeshare owners are often eager to unload their contracts on unsuspecting buyers. While some are open about all the details of what they have to offer, others attempt subterfuge and shady practices that are designed to scam people into signing their contracts and taking on their payments. While not all timeshare offers are the same, some owners who are suffering from buyer’s remorse or have fallen on hard times, are desperate enough to try just about anything in order to get a good offer.
When you’re in the market to get a timeshare, buying from unknown sellers and neglecting to do market research are among the greatest risks you can expose yourself to. In many cases, this will translate to exaggerated costs and a contract that will eliminate any advantages you should normally have benefited from and leave you seeking for sell my timeshare options.
Timeshare scams can involve companies requesting upfront fees, sellers that ask for huge amounts on timeshares that are ultimately almost worthless, and companies contacting you and offering “assistance” with your timeshare problem.
To avoid timeshare scams, it’s important to learn the fact that timeshare value decreases greatly when it comes to resales. In fact, experts will tell you that, “in the world of timeshares, the seller pays the buyer.” So, after seeing sellers ask as little as a few dollars for their timeshares, some even offering to pay transfer costs, you can see timeshare scams in an entirely different light.
First Posted here: The Signs of a Resale Timeshare Scam – Important Things You Have to Know
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