Are Timeshare Scams Common in Florida and How to Know if You Are Facing One?

Timeshare scams are not very common in Florida and with the regulations becoming increasingly strict and with the public gaining more and more awareness about how timeshares work, scams are becoming even less frequent. However, timeshare scams do exist and if you are currently planning to buy a timeshare, you should know about the most common scams to be able to avoid them. Here they are:

• Aggressive selling techniques – most timeshare scammers are excellent, convincing salespeople who make the presented property look attractive, then allow the potential buyer no time to think over the decision to buy. This type of sales ploy, leaves timeshare buyers looking to sell my timeshare now options. The trap is easy to avoid by requesting every information in writing and taking your time to weigh the pros and cons of the investment;
• Buying from a non-existing company – beware of companies that don’t provide a registered address and phone number and that are unwilling to continue the discussion about the property at a later date – they are likely to be scammers who are only after your downpayment;
• Resale scams – these scammers target owners who are dissatisfied with their timeshare contract and want to get out of it. They promise to sell the property for an unusually high price, but they charge an upfront fee for their services – after they receive their fee, they disappear and the owner remains stuck with the unwanted property.

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