Here we will attempt to answer all questions you have relating to common timeshare resale scams and any misconceptions about SellMyTimeshareNow scams, as well as offer tips on how to detect possible scams and how to protect yourself from timeshare fraud. Don’t let yourself become yet another timeshare scam victim. Call us today at 1-844-202-3503 for more information.
Is SellMyTimeshareNow a Scam?
While there are some scams within the timeshare resale industry, SellMyTimeshareNow has many accreditations to prove that we are a loyal, trustworthy company. We work very hard to maintain our reputation as the leading timeshare resale company around. Since our start in 2003, we have yet to receive any type of legal complaint or scam alert. We assure you that SellMyTimeshareNow.com is possibly the safest, most dependable company to buy, sell, or rent a timeshare with.
If you would like to be further guaranteed about SellMyTimeshareNow.com’s legitimacy, you can also contact your state’s Attorney General.
Common Timeshare Scams
While SellMyTimeshareNow.com is not a scam company, there are many other fraudulent companies within the industry. Therefore, it is a good idea to be educated and become familiar with common timeshare scams in order to avoid falling victim to fraud.
With a legitimate company like SellMyTimeshareNow.com, you will never receive a cold call from a sales representative. If you ever receive a call from us, it is because you initially submitted your information to us online or originally contacted us by phone. If a timeshare company calls you out of the blue for any reason, this should be the first red flag that it is a potential scam company.
At the same time, note that if other companies call claiming to be affiliated with SellMyTimeshareNow.com, you should be skeptical of their legitimacy. At SellMyTimeshare.com, we pride ourselves on being the most reliable company in the resale industry. But because of this, other companies may try to disguise themselves to reap rewards based on our success. If you have this happen to you, please make sure to contact us immediately.
Another trick illegitimate companies use is to tell you that they have an eager buyer waiting – sometimes even in the office. They will cold call you and say, “we can have this process complete within the next 30 days! All we need is…” and then ask you for upfront costs, prepaid escrow fees, or other fees. This is not a credible situation. Timeshares are similar to houses in that they take time to sell. If anyone guarantees that they can sell your property within a certain amount of time, it is unlikely that they are legitimate. Very few timeshare units are in high enough demand that they will sell immediately, and if someone claims that they can, you should find out exactly what they mean.
The Preemptive Escrow
You should never pay the escrow fees until after the purchase and sales agreement has gone through. If a salesperson asks you to pay the escrow fees in advance, to “make the process go faster,” then you should say no. They may also ask you to prepay for other fees, “to save time,” such as the closing costs. Always have your lawyer review the contracts in question before agreeing to any upfront costs.