One man in New Jersey lost $1,900 to timeshare scammers last week, as a local online news source reported. Posting information about his timeshare online, the 68-year old gentleman received a phone call from two men from Florida claiming to be buyers, and requesting $1,900 to cover a title transfer and lien search fees. He never saw the money again.
Unfortunately, this is something that happens all too often in the timeshare resale industry with sellers who haven’t done their research and unscrupulous individuals willing to risk up to 20 years in prison for committing fraud.
For a variety of reasons, many of us end up with timeshares we don’t want or no longer use. Unloading those timeshares can be difficult and a painstaking process, and to avoid becoming another victim of timeshare fraud, Premier Timeshare Resale strongly recommends that you use a licensed real estate agent to complete the sale.
Licensed agents will never ask for upfront fees from a seller, and work on a commission only basis, which means they receive their payment for services when you receive your funds for the sale of your timeshare. Being licensed means that the contracts used are legally sound and that as a client, you have recourse to justice should anything go terribly wrong. While selling your timeshare on self-posting sites like Craigslist or Redweek may save you a few bucks, it could also cost you: $1,900 or more.
Using this link, you can look up anyone’s real estate license in any state and verify their standing and credibility. For older adults not as familiar with internet transactions and for those who just want extra peace of mind to sell their timeshare, PTR again urges the use of a licensed real estate agent. The more buyers and sellers use legitimate and legally sound ways of buying and selling timeshare, the less that scammers and fraudsters will have to go on.
Join us now in making the timeshare resale industry less about victimization, and more about legitimate business transactions.
