Timeshare Resale Attorney In Florida
The most evident problem with timeshare resale is the fact that not only it is complicated to achieve but also extremely difficult to find a legitimate buyer. Unfortunately, resales are laden with scams associated with most types of a timeshare resale further depriving it of the trust factor involved. Targeting timeshare owners who are in general frustrated over no resale possibilities, these proficient scammers lure them by promising 100% contract and timeshare relief which is exactly what the owners want to hear.
In the name of a “special event”, you will be called for a particular event and will be instilled with fears of the fate of the timeshare market and by the end of it all, you will be terrified out of paying any sum of money to ensure you getting out of your contract, which will then be taken over by the scammers. Most times, they even go a step ahead and assure you of a buyer for your timeshare and ask you to cough up closing payments, which are only further proof of the scam. No one should pay anything upfront to sell their timeshare, if it is legitimate funds would be transferred to a licensed and insure title company just like in traditional real estate.
Even with many laws in place to avoid such scams in timeshare, they are still not effective enough to stop these scammers. They find some loopholes in the system to escape from being caught and even if proven guilty, the reality is you will rarely get any of your money back.
Take for instance, a simple property deal, which does involve signing of a deal, waiting for the outcome after which only payment for the services will be rendered. If anyone asks for an upfront cash payment, be aware that it is a scam.
No wonder, the $1 sales on eBay are real, there is no resale for your timeshare – as there is no resale market. People try to give their timeshares away just to get out of the maintenance fees. So don’t fall for such claims, it will only cost you more money and more frustration.
Financial expert and syndicated radio talk show host and New York Times Best Selling Author Dave Ramsey has this to say about timeshare resales:
Myth: I can get a great deal on a timeshare and go for vacation every year! Plus, I can always sell it if I get tired of it.
Truth: Timeshares are one of the biggest scams on the market today. Once you are stuck in one, you are stuck in a black hole.
“The first word that should come to your head when you hear the word timeshares should be RUN! Run far, far away!”
“Think about this for a minute. Why in the world would you pay thousands and thousands of your hard-earned dollars for a place with minimal square-footage that you might get the chance to visit for one week each year? Add to that the fact that you have absolutely no equity in the place. And you have to pay extra ongoing “maintenance fees.” And selling it is near impossible. And it’s basically just an expensive, ongoing headache. And, and, and! Sounds completely ridiculous, doesn’t it? That’s because it is!”
“You’re definitely going to lose money on this. Timeshares go down in value worse than a car. But it’s better to cut your losses than to continue to lose any more money.”
My advice is if you recently purchased a timeshare, review any notes you may have of your purchase and write down EVERYTHING you can remember that you were told, everything about the transaction and presentation. Then book a no obligation consultation and we can determine if there may be a possibility to get out of your timeshare.
Learn more about your timeshare rescission period.