BuyaTimeshare.com Advises How To Look Out For Timeshare Resale Scams

During the current Coronavirus crisis, timeshare resale scams are reportedly on the increase as rogue companies seek to take advantage of owners looking to sell their timeshares.

Resale advertising company BuyaTimeshare.com continues to have its customers approached by these outfits and advises sellers what to look out for when considering hiring a timeshare resale firm.

“Over the 20 years that we have been in business, we’ve seen just about every tactic you can imagine as unscrupulous companies try to part sellers with their money,” said BuyaTimeshare.com President and CEO Wes Kogelman. “The bottom line is that if it’s too good to be true, then it probably isn’t good at all.”

Kogelman suggests some basic steps owners looking to sell timeshare can take to protect themselves as they search for a reputable company to use. These steps include:

Beware the Buyer Waiting Pitch – one of the oldest tricks in the book is a company calling an owner claiming to already have a buyer lined up to buy their timeshare. They’ll then ask the owner for a fee to cover expenses. Don’t fall for it.

Can the Cold Call – companies calling out of the blue to get you to sell a timeshare need to be viewed with suspicion. If you did not initiate the contact with the company, best to steer clear of them.

Request it in Writing – always get a written contract that specifies the terms of the arrangement. Florida law mandates this as a requirement, as do many other states.

Guarantees – the rule of thumb is that no company can guarantee a seller a timeframe of sale. The marketplace dictates this, so best to avoid anyone offering such guarantees.

Marketing Efforts – ask what methods the company uses to market timeshares. If it is an online company, they should come up in online searches for general, buyer-intent terms. If you can’t find them, then neither will a buyer.

Company Details – get specifics about the company and verify those details yourself. How long has the company been in business? What is their physical location? Can you verify their toll-free phone number as legitimate? Some scammers use post office boxes as business locations and burner phones that can be disposed of easily. Look up the location and number, then call it back to see if a legitimate business answers the line.

Personal Information Protection – data protection of personal information is crucial in today’s online world. Don’t give out credit card information over the phone, and ask how a company protects its information.

“Legitimate businesses such as ours have these areas covered and can substantiate claims to find buyers for timeshares. If we couldn’t do it, we wouldn’t still be in business after all these years,” added Kogelman.

For consumers looking to buy or sell timeshares, please call 800-640-6886 or go to https://www.buyatimeshare.com/ for more information.

Disclaimer: The news site hosting this press release is not associated with BuyaTimeshare.com. It is merely publishing a press release announcement submitted by a company, without any stated or implied endorsement of the person, information, product or service. Please do your own research.

About BuyaTimeshare.com

BuyaTimeshare.com is an internet advertising and marketing company for timeshare owners who seek to sell or rent their timeshare. The company has been in business since 2000 and has been ranked twice in Inc. Magazine’s prestigious Inc. 5000 List as one of the fastest-growing, privately held companies in the country. BuyaTimeshare.com was also listed as one of BusinessNH Magazine’s Top 10 Companies to Watch. The company is a member in good standing with the American Resort Development Association (ARDA), Canadian Vacation Ownership Association (CVOA) and the Mexico Resort Development Association AMDETUR. For more information, please visit https://www.buyatimeshare.com/ or call 1-800-640-6886.