Most of timeshare companies are truly genuine. There are many timeshare companies offering amazing services that are an exceptional value and allows for members to stay in only the best locations worldwide with the highest quality of services. Believe it or not! There are genuine timeshare companies that offer amazing vacations, so people can be an owner of a second home that doesn’t come with maintenance and responsibilities of being a homeowner. Unfortunately, there are timeshare scams that you should be aware of. If you are considering a purchase of a timeshare, then you should read the timeshare scam telltale signs that are provided below.
Timeshare Scam Telltale Signs:
A popular timeshare scam that occurs very often is once you have left the resort tour and you have decided not to purchase the timeshare, then a few days later the agent calls you and offers the timeshare membership for a lower price. You decide to purchase the timeshare membership, because the price was lowered and you sign the timeshare documents at another location other than the resort. This is a common timeshare scam.
If you paid cash for a timeshare membership, but you have not signed the contract, then you are probably involved in a timeshare scam.
Timeshare Cancellation Agents
If any company claims they can cancel your timeshare for you is probably a scam, because once the cooling off period has passed the timeshare membership can’t be cancelled.
Charged for your Timeshare Incentive Gifts
If you have toured the resort and you were given timeshare gifts for attending the presentation, then you are later charged for these gifts, then the company isn’t genuine and you have been involved in a timeshare scam. All of the reputable timeshare companies will honor the gifts that they give you and you don’t have to purchase the timeshare membership to receive the gifts, because you did stay for the presentation and you complied with all the terms.
Bait and Switch
The bait and switch timeshare scam telltale signs is when you have toured an amazing resort, but when you purchase the timeshare membership you were sold a timeshare membership at a totally different resort in a different location. This is a timeshare scam.
Upgrades to a Different Timeshare Company
If a timeshare company contacts you and tells you that they can trade your timeshare membership with another timeshare company, then you may want to think about this, unless you are in your ‘cooling off period’, because upgrades to a different timeshare company can’t be done at any time, and you are probably going to be involved in a timeshare scam.
Never purchase timeshare memberships resales online. You should be very cautious with online timeshare resales, because many are scams, but there are some timeshare resales that are legit. Just take precaution, so you are not scammed.
You should always investigate any company that asks you to pay upfront fees, rent and/or sell your timeshare, because there are many timeshare companies that act legit, but isn’t. You should always choose a genuine timeshare company that charges a commission for their services if they rent or sell your timeshare for you.
Out of the Blue Phone Calls
If from out of nowhere you receive a phone call that asks you if you would like to sell your timeshare, then you should beware, because out of the blue phone calls are usually a timeshare scam.
OPCs that Take you to a Different Resort
If you have been approached by a salesperson and offered to take you on a resort tour and presentation by a certain resort or hotel chain, but the day comes that you are to go on the resort tour and presentation you are taken to a totally different location, then you may be getting involved in a timeshare scam. You should always insist to be taken to the hotel or resort that you were offered for a timeshare.