Legitimate Companies that Buy Timeshares
Owning a timeshare that you no longer require may lead you to search for reputable companies that purchase timeshares. Your hunt will be highly challenging because not very many companies want to buy a timeshare.
The reality is that timeshares aren’t a venture like customary property. Timeshares typically don’t increase in value after you buy them. It’s more like a vehicle where it loses value the moment it’s purchased. Time after time again, we have seen this pattern online on platforms such as eBay. You will probably find numerous timeshares online available for as little as $1 without any offers. If most of the resale market is listed for $1, for what reason would an exit company need to buy one from you?
If you’re looking for a way to sell your timeshare, the good news is you’ve come to the right place! Our team is about to reveal the best way on how to sell a timeshare. We’ve also included tips to avoid a resale scam. Or you can initiate a Live Chat to learn more through a free personalized consultation. We can help you find the best solution ideal for your timeshare situation. So, what are you waiting for? Let’s continue reading to learn more.
Timeshare Resale Scams
A timeshare resale scam can involve cold calls from people you’ve never heard of or spoken to! They will normally offer you more than the sum you initially paid for your timeshare to get your attention.
Whenever you’ve consented to sell your timeshare to them, they will request a false charge to cover any “transfer fees” or a “paperwork fees.” You’ll pay this fake expense, and the organization will vanish with your cash and never purchase your timeshare. An organization by the name of Global Business Consultants recently ran this scam.
Numerous timeshare resale scams work the same way. Timeshare resale companies will cause you to believe that your timeshare has worth, and you should simply pay them an upfront “listing” or “promoting” fee to sell your timeshare. Once you’ve paid this expense, there is an excellent possibility that nobody will purchase your timeshare. Thus, meaning they’ve run off with your money!
The most secure approach to selling your timeshare is through an authorized broker since they are not permitted to charge and sell your timeshare. Nonetheless, timeshare brokers work on commission, so if your timeshare has no worth, as many don’t, a timeshare representative won’t have an urgency to sell your timeshare.
Can I Cancel a Timeshare Contract?
If you’re searching for legitimate companies that buy timeshares, we still recommend you reach out to your Resort first. You might need to connect with a timeshare exit organization if your hotel does not take the timeshare back. Timeshare exit companies work with legal experts to cancel your timeshare and stop your future expenses.
We ordinarily prefer to suggest timeshare exit companies that offer an escrow payment option so that you stay protected. We prefer escrow because the exit company doesn’t get paid until they’ve completely cancelled your timeshare. Learn more about escrow and what it’s important here.
Prior to working with a timeshare exit company, call your Resort, and check whether they will take it back. In some cases, a hotel specialist will take the timeshare back. On the off chance that you consent to pay them, what could be compared to a couple of years’ upkeep charges and are current on your maintenance/club fees. To be eligible, typically, you cannot owe a balance on a loan. Giving the timeshare back to the Resort will generally be less expensive than working with a timeshare exit company.
Commonly, a timeshare exit company will charge more than $3,000 for its services. Be cautious when conversing with your Resort since they will probably attempt to get you to upgrade instead of assisting you with cancelling your timeshare.
In conclusion, if you’re wondering what the most legitimate companies that buy timeshares are, the first thing you should still do is contact your Resort first. Timeshares can be stressful mentally and financially. If you went on vacation and were unfortunately victimized into signing a timeshare, know you have options. Increasing maintenance fees and monthly costs can genuinely make a timeshare feel like a burden.
Understandably, many timeshare owners often find themselves feeling trapped by the debt their timeshares have caused. If you believe you were a victim of high-pressure sales tactics or misled when signing up for your timeshare, please contact our team. We can help you determine if a timeshare exit company is legitimate, and we recommend working with timeshare exit companies that offer escrow, so you pay no up-front fees. Know your legal right so you can exit your timeshare contract legally. Read over our website, fill out the form on the right, or contact us through Live Chat for a free informational consultation.