Contrary to popular opinion, the services offered by most timeshare companies around the world are legitimate and provide services that are highly efficient and affordable. The ideal timeshare company will be one that offers a great vacation experience while allowing you the opportunity to own the timeshare without taking on the usual responsibilities as the owner. However, that does not mean all timeshare companies are reputable. You still should be cautious about where you purchase your timeshare. So, consider the following possibilities that could occur if the timeshare company is not as reputable as they advertise. The following are 10 signs of a timeshare scam.
1. Bait and Switch Timeshare Scams
This kind of timeshare scam is when you receive an invite to tour a lovely timeshare community and you agree to attend but when you arrive to the presentation it is for a totally different resort or timeshare company. If this happens, it is most likely a timeshare scam.
2. Signing your timeshare contract in external offices
This type of timeshare scam happens when you purchase a timeshare when you are not actually at the resort’s offices. This might occur if you have decided not to purchase a timeshare and then the agent contacts you aftewards offering you a cheaper price or a more affordable timeshare in another place not connected to the resort you visited. Beware of timeshare agents contacting you outside of office hours.
3. No contract could be a sign of a timeshare scam
In this scenario, you decide to pay money upfront without securing a contract. The odds of you getting scammed increases if you paid in cash. Receiving a copy of your contract in the post or a long time after you have signed your contract also leaves you vulnerable if you are not happy with any of the clauses of your contract.
4. Being charged for your timeshare gifts could be a sign of a timeshare scam
If you go through the entire presentation for the timeshare and still have to pay for your timeshare gifts, then most likely you are involved in a scam. If the timeshare company has integrity, they will honor their claim of offering timeshare gifts regardless of whether you make a purchase.
5. Resales on-line are a breeding ground for timeshare scams
Timeshare resales are tricky. Always be on high alert when considering these types of offers as resales are one of the most common resale scams.
6. Timeshare Cancellation Agents
If a company is offering a timeshare cancellation after the cooling off period has ended, they are almost certainly a scam because being able to offer a cancellation after the cooling off period is not legal under most common circumstances.
7. Upfront fees
If a company says you have to pay upfront fees to be able to rent or sell your timeshare, you may want to research that company’s business history to see if there are signs of timeshare scam activity in the past. To play it safe, choose a timeshare company that only accepts a commission after you rent or sell your timeshare.
8. Out of the Blue Phone calls
Always be suspicious of unexpected phone calls trying to motivate you to sell or rent your timeshare. If you have not solicited such information prior to the call, most likely, this is a timeshare scam.
9. Upgrades to a Different Timeshare Company
Any timeshare company saying you can trade your timeshare in for a timeshare with another company is most likely leading you into some kind of timeshare scam unless it’s during your cooling off period (but still exercise caution).
10. OPCs that Take you to a Different Resort
Let’s say you meet the agent of a specific timeshare company, but when it’s time for your timeshare presentation, you are to visit another hotel or resort than the one the agent was originally representing. In this case, it’s most likely a timeshare scam, or at the very least, highly unethical on the part of the OPC. In this scenario, demand to go back to the hotel or resort you expected to visit for the presentation.