TIMESHARE RESALE Companies to AVOID
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Many timeshare owners who feel they have been scammed are looking to get rid of their timeshares. Usually, selling a timeshare is their first choice, but selling a timeshare is not an easy task.
How does a Timeshare Resale Company Operate?
This kind of company is also known as “Resale Service Providers”.
Commonly, they contact the timeshare owners by phone, and they tell you expressions like, “I see you have a timeshare, do you want to sell it?”
A lot of people are getting these phone calls from resale companies; this is the way they contact people.
They tell you that selling a timeshare is easy because the resale market is hot.
Unfortunately, there are many companies that ask for an upfront payment, and they promise to sell your timeshare with the guarantee of giving your money back when they are able to sell your unit. These companies are scams.
Timeshare Resale Companies to avoid
Top worst timeshare companies:
Timeshares Only
This company is known as the world’s largest timeshare resale marketplace. Timeshares-only offices are located in Orlando, Florida.
They assure me that there is a hot timeshare resale market.
Your timeshare can stay listed for years, not only unsold, but also at a lower price.
However, if you ask them to get a refund or even a partial refund, they deny your request.
Grand Weeks VIP
Grand Weeks VIP is a vacation package. This fraud is more frequent in Cabo San Lucas, Mexico.
This timeshare resale company says you have to buy a membership with a cost and some additional fees.
They promise to refund your initial payment.
Then, another company asks for another fee and an escrow company too.
Besides, they ask for attorney’s fees.
Once you pay, you won’t hear from them again, and your money will be lost.
Global Golf Connections
Global Golf Connections is a rental and resale timeshare company that is one of the most fraudulent.
Those owners of timeshares at Mayan Palace are the scammers.
They offer to rent and sell their weeks, especially to golfers that stay at the resort, but this is a lie.
They don’t have golfers or anyone else waiting to buy or rent timeshares.
Furthermore, they state that they won’t charge any fees, which is a lie.
They will obviously charge you an upfront fee for the right to list your timeshare property.
Like these, there are many more timeshare resale companies, but most of them are scams.
People need to be aware of the signs of a timeshare resale scam company:
1. Unsolicited phone calls
2. Fees in advance
3. No real estate license
4. It sounds too good to be true.
5. High closing costs
Brokerage Services, LLC
This timeshare resale company claims to have a client for your timeshare, but once they have your money, they stop answering your phone calls, and they will never give you your money.
They are located at 666 FIFTH AVENUE, SUITE 113, NEW YORK, NY and their brokers are BROKER FRANK CALISE and MARCO PELEGRINI
Trusted Title & Escrow LLC
Their official titles are OLGA KELLER STUART and ROBERTO MEDINA.
This enterprise is registered with the state department, and it is associated with BROKERAGE SERVICES LLC to defraud people, claiming that they have clients to rent or resell your timeshare, then disappearing, with all your money.
Tips to Avoid Being Scammed by a Timeshare Resale Company
1. Never pay anything upfront: Beware of unsolicited phone calls claiming they have a buyer for your timeshares, and they will do the process just paying them an upfront fee.
2. Get everything in writing: Get all the information about their offer in writing and make sure that all the promises are stipulated in the contract.
3. Do some research: If you think about listing your timeshare with a timeshare resale company, do your research first on the internet to see if there are people who are satisfied with the services.
4. Check for a real estate license: Ask if they have a license to sell real estate and check this information with the state’s Real Estate Commission.
6. Pay only if your timeshare is sold: Never pay fees in advance, pay only after your timeshare unit is sold.
If you still think about listing your timeshare for sale with one of the timeshare resale companies, I recommend you think twice before you do it.
Timeshares do not have any value on the timeshare resale market, and the prices are so low because the supply exceeds the demand.
There is no “hot” market for timeshares, as timeshare resale companies expose.
Selling a timeshare is just a waste of money and time.
It is important to mention that the best way to get rid of an unwanted timeshare is not by selling it, but by canceling the timeshare contract.
Timeshare cancellation should not cost an upfront fee, and once it is properly made, you will have the financial freedom you need.
Contact Mexican Timeshare Solutions for a free consultation on how we can help you cancel your timeshare contract with no fees in advance.
To receive more information about timeshare resale companies and how to cancel your timeshare, send us a WhatsApp to +52 333 239 6589, fill out the contact form, or call us at +1 714 277 3662.
Do you know of any other timeshare resale companies that you would NOT recommend? Please share them in our comment section to help more people and prevent them from being scammed.
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