Why People Fall for the Sell My Timeshare Now Scam

The Better Business Bureau has been warning timeshares owners for years to beware the sell my timeshare now scams. These frauds are fast becoming the most common consumer complaint in many states, suggesting that these scams are on the rise. So why if they are so common do people continue to fall for them?

Thousands of people get scammed out of millions of dollars by these frauds each each with statistics showing no signs of stopping. If you are trying to sell a timeshare these is no doubt that you are aware of these scams, and yet you are still at a huge risk of just becoming another one of these statistics.

Why do people continue to fall victim to the sell my timeshare now scam? Some common reasons include:

Changing Schemes
You can spend all the time in the world learning about how timeshare resale scams sucker people into their schemes, but the truth is they are smart and know when people are on to them. Because of this, they often change the way they operate in order to gain the trust of their victims. These may include lower or breaking up upfront fees, changing mode of communication, redesigning websites, and even changing their name to hide their trail of fraud.

High Pressure Tactics
For many people, you didn’t intend to buy a timeshare in the first place but the high pressure salesperson was able to talk you into it. Things are no different with these scams, They know you were more than likely pressured into buying the property in the first place and will pressure you to sell it as well.

Lies

Don’t forget when you come across these scams that these people are criminals. They are not reputable companies who really want to help you, they just want your money and they will lie to get it. This includes claims that they already have buyers lined up, false information about the company including their names or who they work for, exaggerated promises about the state of the resale market, and anything else to get you to commit to them and give them your money.

Recovery Scams
If you are unfortunate enough to fall victim to a sell my timeshare now scam or you are unhappy with the job another company is doing, you aren’t out of hot water yet. Recovery scams are on the rise, and this means you could potentially be in even more trouble. These scams claim to be able to help you recovery money lost to a scam, however, they are often run by the same people who scammed you in the first place and only aim to get even more money from you.

This may all sound very scary and make getting rid of your timeshare not seem worth the risk, but it is important you are aware of them in order to avoid becoming another statistic. Do thorough research on a company before you agree to work with them and keep a close eye on their activity, especially if you gave them any money upfront. You can successfully sell your timeshare, it just takes due diligence and a little bit of knowledge to stay ahead of the scammers.