In a difficult time like this, many owners look for ways to get out of their timeshares. By selling it, they can recoup their initial payments and stop paying maintenance fees. Nowadays, many businesses specialize in reselling timeshares but Better Business Bureau warns that some companies are using deceptive sales tactics to defraud thousands from cash-strapped timeshare owners.
Unfortunately, today not as many vacationers are buying timeshares. As a result, timeshare owners who are eager to sell their units are increasingly susceptible to offers that are too good to be true. Many unscrupulous timeshare resellers out there are taking advantage of the situation by misleading the timeshare owners into paying thousands of dollars in the hopes of unloading their timeshares quickly.
Some companies like Resorts Condo Management, Creative Vacation Solutions, Platinum Property Exchange and Premier Timeshare Solutions have earned F ratings with BBB for convincing the timeshare owners that they already have interested buyers but require thousands of dollars for upfront fees from the sellers and ultimately fail to complete the promised sale.
With the economic condition that we are having today, this might be the perfect time to unload expenses such as the one brought by timeshares. For some owners, they simply hire a timeshare transfer company such as the Transfer Smart to get rid of such property. However, if you opt to sell such property, beware of those deceptive resellers as they might defraud of your hard-earned money. As the BBB advised, make sure that the timeshare reseller you work with is a BBB Accredited Business or at the very least has a good rating with BBB.