Thursday, September 16, 2010

Timeshare Watch

Timeshare is no stranger to scams. Despite the numerous numbers of cases filed against timeshare companies and agents and in spite of the popularity of timeshare frauds, many still fall to these agents and companies. The primary reason often pointed out is the fact that most timeshare owners want to get rid of their unit immediately that they bite right away to whatever offering available. Of course, the fault lies in both sides. Yes, the blame is on these scammers but as a consumer, timeshare owners should also be able to protect themselves .

There are a lot companies and agents who offer timeshare exit solution but timeshare owners should be able to determine the real from the not. Many owners are carrying the burden of skyrocketing maintenance fees so they would do anything to get out of their timeshare. At these days, this task is seemingly insurmountable. If you want to sell your timeshare, you have yourself a lot of competition over a very small market. So you need an extra hand for your timeshare exit solution. But another problem arises, you are now aware of the prevalence of timeshare resale scam, that you became rather doubtful of resorting to asking help. The good news is there are still people who genuinely want to help you get rid of your timeshare. But how can you determine the real from the not? Here are simple guidelines to follow:

1. Do not say yes immediately. Before choosing the one to offer you timeshare exit solution, choose among at least three companies to help you out.

2. Check on the credibility of a person or a company you will deal with. As a start, be sure you know where the specific location of their office is. Make sure that they are licensed to run their business. See the Better Business Bureau (BBB), check if the company is accredited and have no past cases of frauds. It is always best if you seek help from a BBB Accredited Business.

3. Never make any deal on a phone or by simply verbal communication. Have all the terms and conditions written on a contract. Make sure you read the contract thoroughly before signing it.

4. Beware of sweet offerings. Many scammers will lure you to make business with them because they offer the fastest and most convenient timeshare exit solution. But when you encounter such, better back away for this is a typical strategy of a timeshare resale company that engaged in fraud.

These are only a few friendly reminders for timeshare owners. You have the power to have a timeshare exit solution that is effective, all you have to is do your research.

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