Timeshare Broker Beat
The Timeshare Broker Beat: Bringing you up to date information about the timeshare industry - from tips on scouting out the hottest new property to scam alerts for protecting yourself when buying or selling timeshare.
Every year millions of people fall victim to scammers when trying to buy a timeshare or sell their timeshare. In fact, a recent Forbes article stated that "timeshare gripes were the fastest-growing category” of consumer complaints in 2012.
The unfortunate truth is that timeshare scammers prey on vulnerable individuals who are often in desperate financial situations. But don't lose hope. If you know what to look for, you can easily spot a potential timeshare scammer. If your potential reseller meets any or all of the criteria below, back away slowly. These warning signs don't necessarily indicate a timeshare scam, but they should raise a few red flags.
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As discussed in a recent post here on the Timeshare Broker Beat, the Better Business Bureau frequently deals with reports of fraudulent timeshare resellers and timeshare scams. Thus, the BBB periodically releases advice for timeshare sellers and buyers on the resale market, to help protect them from dishonest business practices.
Not surprisingly, one of their most important tips is to always check with the BBB about potential resellers. First, check to see if any complaints have been filed against them, and if/how they were resolved.
...In light of recent timeshare and closing company scams, the BBB has once again released new advice for timeshare sellers. The Better Business Bureau is designed to protect consumers from fraudulent business practices while setting market standards and encouraging and supporting best practices.
Timeshare Broker Sales wears its BBB Accreditation proudly as a way to signify to our clients that we are a reputable and trustworthy source for timeshare resales.
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