Transfer Smart reports on timeshares. Due to the vacation season many timeshare owners are trying to get rid of their timeshares straight away. Many hope the money they save from selling their timeshare will help them thru the season. But in the world today, shady business practices can be found everywhere. An article on PRLeap shows that. 

Timeshare owners around the planet are approached each day by setups who make an effort to sell them their services through the phone. These firms will do whatever is required to convince timeshare owners to make an upfront payment for an empty promise. Telemarketers are highly talented in convincing these owners that there is a buyer waiting to buy their timeshare, but they have to make a small payment first for the data to be given. It isn't till later that the owners notice that they've been scammed and the company / organisation has totally disappeared. 

From the other viewpoint, recently, timeshare owners have been informed about the various methods fraudsters use to make a few bucks and are not as easily fooled as they were before. Timeshare owners have learned how to research a company before stumping up for their services. 

One big issue for fraudsters and shysters is that they have no credibility because they do not have an estate broker's license. They would also lack the capability to acquire one because of their inferior past. As a result of this, fraudsters have taken their efforts to fresh heights. They are now posing as imposters by utilizing the names of licensed, credible timeshare resale brokers. The imposter ( con-man ) will push the timeshare owner into checking for themselves the validity of the company while they're on the phone. By employing this strategy, they have convinced timeshare owners that making an upfront charge is obligatory in order to get their timeshare sold. 
While vacationing in Mazatlan, a couple was seduced into purchasing a timeshare and paid $10,000 to get their timeshare in a prime location. They were promised a rebate of $6,000 but after waiting, it never came. Catharine Raig and her husband, John Garvey, had no idea they were scammed until they returned from their vacation and looked over the contract. The representative who helped them stated that they would have two weeks at the timeshare resort verbally but it was not stated in the contract. In addition, they also realized, shamefully, that they did not even read the contract before signing it.

Raig commented, “They tell you right at the beginning if you don't sign this deal is off. That's what they tell you. You can't take it home, look it over and then come back.”

After trying to reach the company multiple times with no answer, the couple looked up the company online. The Residents Club La Jolla had dozens of unhappy customers and bad reviews. The BBB has warned timeshare owners to be weary of high promises and deals high pressure sales. Make sure to take your time reading through the contract and never bend to purchasing a deal on the spot. Transfer Smart is a company dedicated in helping timeshare owners out of their timeshare. They have already helped hundreds of people, so give them a call and see what they can do for you. 

Thousands of timeshare owners have already fallen victim to the recurring scam that takes an upfront fee for timeshare sales that never happen. These con artists are aware of how desperate these owners are trying to get rid of their timeshares.  

One couple, Doug and Armelita Stoddard, bought a one-bedroom timeshare for $15,000 in Napa Valley and rarely use it. When Doug was let go from his job, he searched online for ways to sell his unused timeshare so that he could use that money while looking for another job. After researching online, he hired AAA Timeshare Inc. to help him sell his timeshare. Within a couple of weeks, the company called Doug and told him that they had a buyer waiting to purchase the timeshare. The only thing Doug had to do was pay $3,000 to cover the paperwork and processing fees. However, once the company received the checks, Doug never heard from them again.

Doug commented, “They were so convincing. They had an answer for every skeptical question I had."

The couple lost $3,000 in addition to the $800 they still had to pay for yearly timeshare fees. If Doug had done a little more research, he would have discovered that AAA Timeshare Inc. has an F rating with the BBB as well as negative comments.

President of the Northeast California Better Business Bureau, Gary Almond, commented, “The minute (con artists) figured out time shares were worthless, up sprang these companies offering to find you a buyer.”

To avoid being scammed you must always be weary of companies who ask for an upfront fee. In most cases, these companies will use the term processing fee or paperwork fees. However, Transfer Smart hopes that timeshare owners are now more aware of the scams out there.