Timeshare Trap

Timeshares are one of the worst investments you can make. This journal is to inform people who are thinking about purchasing a timeshare not to do so and help those trying to get rid of their timeshare.

Friday, November 07, 2008

Paying Upfront Fees to Sell A Timeshare

If you're going to sell a timeshare, you don't want to pay any upfront fees to get is sold because doing so is taking money out of your wallet that will never come back. The main reason is there is absolutely no incentive for a company to sell your timeshare if they receive an upfront fee. If they don't sell it, they can charge you another upfront fee. Why should they spend time marketing your timeshare if they already have the money? They simply spend their time looking for more people to pay upfront fees to them.

As the IndiaPost makes clear:

Your instincts are right. Do not use that agency. Do not pay that upfront fee. Odds are great that you'll be ripped off.Some of these legit-sounding companies working time share-resale scams typically request a deposit of $100 to $700 that they say is a refundable marketing fee, appraisal fee, listing fee or some such nonsense. They even assure you that, like magic, they have buyers standing by to make a down payment on your week(s).

Then "poof," they make your money disappear.Another scam involves companies offering to pay you more than what you're asking for your week. You just have to wait until their check from a foreign bank "clears" and then refund them the difference. But their check to you will eventually bounce long after your check to them has been cashed.In fact, any companies that promise amazingly good prices and quick sales are probably con artists.

If you come across someone that demands an upfront fee to sell your timeshare, walk on by...

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