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Wednesday, October 14, 2009

Smart Ways to Identify and Avoid a Timeshare Fraud

Timeshare ownership is a brilliant and accommodating way to experience many popular vacation hotspots anywhere in the world. Today, there are several timeshare units available in the market offered either by developers or those resales from owners trying to get out of their timeshares. There are some common pitfalls in buying a timeshare including those less-than-honest dealings by some companies. However, there are ways to avoid these fraudulent deals.

To avoid scammers, go with the larger, well-established companies. This implies that if they have been around for years, it is less likely they would ruin their impeccable reputation with any type of fraudulent behaviour.

One of the most important ways to avoid a timeshare fraud is to understand fully the contents of your contract. Some less than reputable company may make it contractually difficult to sell your timeshare in the event you wanted to do so. Therefore, you should be sure of the contents of your timeshare contract.

If you are planning to purchase a timeshare outside US, be extra cautious if you aren't familiar with the company offering the timeshare. Be aware also of any timeshare company asking for upfront fees. There are blacklists available to inform you of companies that have engaged in timeshare fraud. The ordinary citizens who wish to inform others of their fraudulent timeshare experiences and timeshare companies have created these blacklists.

Remember that owning a timeshare can be costly and comes with a number of disadvantages. That’s why some owners hire a timeshare transfer company like the Transfer Smart just to get rid of their timeshares. How much more if you will become a victim of a timeshare fraud and put your money into waste? Becoming a victim of a timeshare fraud is a frustrating and often an expensive mistake. With research and planning, you can avoid those fraudulent companies.

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