Timeshare Resale Scams
Owners of timeshares are sometimes targeted through resale scams. If you are thinking about selling your timeshare, be sure you are working with individuals and organizations you trust. False brokers contact timeshare owners and tell them that they are in contact with buyers who will pay a high price for their timeshare. Even if the offer appears legitimate, talk to a trusted legal professional before agreeing to any terms.
Fraudsters can be very convincing and many of them put time and energy into making their scams appear real to their intended victims. For instance, they may share websites, documents, office locations and phone numbers with you that lull you into a false sense of security. Professional criminals know how to make an offer appear real to individuals who are not familiar with timeshare resale scams. If you have been contacted by a broker and they share a deal that seems too good to be true, share your concerns with a Tampa timeshare attorney.
Inflated Offers and Upfront Costs
Trusting your gut is an important part of realizing a scam is in motion. When a broker reaches out about your timeshare property and offers you a high sale price but informs you of a need to pay an upfront fee, your internal scam alert should be blaring. There is a possibility they will pressure you to act quickly, possibly even asking for the routing number of your checking account. Do not allow them to entice you into their scam.
For example, a false property broker could call you and say that they have a buyer for your timeshare property but you need to pay taxes on the sale, often totaling in the thousands of dollars. This is not how the timeshare selling process is done, they are simply appealing to people with the promise of high price sale. A promise that will never go through, because the scammers are simply interested in stealing your cash.
Have an Attorney Assess Contracts
When it comes time for you to sell your timeshare, you could be doing so because you want less responsibility and worry. To achieve these goals, work with a Tampa timeshare attorney. An experienced lawyer can review all of the contracts and verify the legitimacy of the sale. Additionally, they will advise you through the process to be sure you are getting what you want and need out of the deal.
Do not allow a scammer to pressure you into a bad decision. There are plenty of individuals and organizations that can help you through the process of buying or selling a timeshare. Greedy thieves aren’t the ones you want to be talking to.
Do you want to offload your timeshare and avoid scams? Reach out to the legal team at HD Law Partners. Consult with an attorney to learn more about the best way to achieve the timeshare resale deal you are hoping for, along with learning about ways to avoid timeshare scams. Call 813-964-7878 to schedule a free consultation.