If you are looking to buy a timeshare property as an investment for financial gain, then the simple answer is NO a timeshare is not a good investment. When purchasing a piece of real estate, like land, a house or commercial property you can expect the value to go up depending on the market. With timeshare properties you can never expect the selling price to be what you paid for it or to even go higher like with standard real estate.
Timeshares Are Not Worth What You Paid
As much as it hurts to say this, the amount of money that you paid for your timeshare resort will NEVER be worth it. It is just like buying a brand new car, as soon as you drive it off of the lot it has already depreciated in value. With timeshare properties the depreciation is even worse because they hold more baggage then they do financial value. The timeshare industry is full of hard sales, that is why many of the sales people are good at what they do. They need to convince you, the potential buyer that the property is a must have. When that sale is finally made, the buyer is actually ... Read More
Is Buying A Timeshare A Good Investment
Posted On Friday, 08 Apr 2011
If you are looking to buy a timeshare property as an investment for financial gain, then the simple answer is NO a timeshare is not a good investment. When purchasing a piece of real estate, like land, a house or commercial property you can expect the value to go up depending on the market. With timeshare properties you can never expect the selling price to be what you paid for it or to even go higher like with standard real estate.
Timeshares Are Not Worth What You Paid
As much as it hurts to say this, the amount of money that you paid for your timeshare resort will NEVER be worth it. It is just like buying a brand new car, as soon as you drive it off of the lot it has already depreciated in value. With timeshare properties the depreciation is even worse because they hold more baggage then they do financial value. The timeshare industry is full of hard sales, that is why many of the sales people are good at what they do. They need to convince you, the potential buyer that the property is a must have. When that sale is finally made, the buyer is actually ... Read More
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Timeshare Resale Recovery Scams
Posted On Friday, 04 Mar 2011
Timeshare recovery is the next scam being setup all over by people looking to help timeshare resale victims. Either you are contacted by them or you find their ad on the internet claiming they can get you out of your timeshare resale contract and recover your money. Sounds great rigtht? WRONG, their is a catch that many of them have...that is they require an upfront fee first with no guarantee on even getting your money back.
Timeshare Recovery Scam Sale Pitch
Mr./Ms. Smith we can help you recover the money you lost with the timeshare resale company and get you out of your current contract with them. We will fight vigorously to get your hard earned money back for you from these scammers who promised you the world and have delivered on nothing. We have a one time processing/setup/recovery fee of (insert dollar amount here). So what do you say Mr./Ms. smith, are you ready for us to get your money back all we need is your credit card information.
The pitch is longer then that with a rebuttals for just about everything, the bottom line is their is still a hefty upfront fee that they are looking to collect from you with ... Read More
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Timeshare Resale Recovery Companies
Posted On Thursday, 03 Mar 2011
Timeshare Resale Recovery
The timeshare resale recovery business is starting to blossom out of now here. Many of these companies use the same business tactics as a timeshare resale company with "give me your money upfront for the recovery/processing fee for us to get started with no guarantee they can actually get your money back. Now not all of these timeshare recovery companies are bad, but most are in to make a quick buck and get out before getting into trouble for fraud. The other thing to watch out for us companies that are demanding power of attorney with a very high percentage (up to 60%+ of the money recovered.
Timeshare Resale Recovery = Old Timeshare Resales Company
With more and more of the public being aware that most timeshare resale companies are a scam (hopefully thanks to this website) these timeshare resale companies see that they are no longer making the money they once used to. With new laws and regulations being passed down and the amount of companies being taken to court and shut down they are looking for another avenue to make some easy money. So what would be easier then to call their entire list of customer's and sell ... Read More
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How Timeshare Resale Companies Get Your Information
Posted On Thursday, 10 Feb 2011
In the timeshare resale and other telemarketing rooms your information is simply called data or leads. The data, or leads can be as simple as your name and email address to far more technical information such as your address, telephone number, resort you own and even credit card information. This data can be obtained in a few different ways by the timeshare resales company and in this post you will be informed on what to watch out for on the internet.
Timeshare Resale Landing Pages
A landing page, or lead capture page has one purpose in mind and that is to get you to fill out a form on the website in an effort to later call you to sell you on the timeshare resale services a company has to offer you. The timeshare resale landing page can be a single page or a few pages that may contain privacy information, disclaimer and maybe an affiliate or contact page. The website message's can vary, here are just a few examples of a landing page messages:
Sell Your Timeshare Fast
Get Cash For Your Timeshare
Sell or Rent Your Timeshare Today
Free Timeshare Resale Appraisal
Find Out What Your Timeshare Is Worth
Once you fill out the form, the ... Read More
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Timeshare Resale Boiler Rooms
Posted On Wednesday, 02 Feb 2011
A boiler room is an active place of business where questionable or even shady products or services are sold over the telephone. The sales people use high pressure sales tactics which are commonly unfair, dishonest or blatant lies to get the sale made. A sale is made when the person on the other end of the telephone (let's call them a victim) gives up their credit card or banking information to the suspected timeshare boiler room where in MOST (not all) cases they will never hear from that company again. The main goal for a timeshare boiler room is to make sales and put money on "the board" as quickly and as many times as possible.
Office Setup
Most timeshare boiler rooms are cramped and very tight, that is why sometimes when you are on the phone with a sales person you can hear others in the background. Cubicles are placed close to one another to fit as many sales people into the office as possible. The more sales people, the greater potential the company has of making a bigger profit. It is a numbers game where the more phone lines and chair space the timeshare company has they are increasing the ... Read More
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Timeshare Resale Deferred Payment Scam
Posted On Tuesday, 25 Jan 2011
When you are called by a timeshare resale company, the salesperson always starts out their pitch with the full price of the companies advertising package. In this example we will use the price of $900 and show you how the deferred payment scam really works and why people fall victim to this tactic that is highly used not only in the timeshare resale industry, but I would say other telemarketing industries (debt relief, mortgage help, etc). Please note the following is just an example to show you how some timeshare resale companies try to lure you into their trap to get your money.
Sales Person Ms. Smith I am glad you understand fully how well our service can work for you in selling/renting your timeshare property. Would you like for me to put the $900 advertising fee on your credit card today or would you like to use a check by phone?
Ms. Smith I cannot afford to pay you $900, that is to much money. I will have to talk this over with my husband first.
Sales Person Not a problem Ms. Smith, let me tell you what I can do for you today to make this easier on your wallet. We ... Read More
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Timeshare Resale Scams
Posted On Monday, 24 Jan 2011
The timeshare resale industry has a lot of "boiler room" companies that are only out for one thing, YOUR MONEY. They will say just about anything over the telephone for you to earn their trust and hand over your payment information.
Some of these timeshare resale companies will stop at nothing just to get your money. You see, that is how they make their money and they have to keep signing up new customers/victims to keep the cycle going. We will save that post for another day and break down how people are paid and where the money can possibly go to. Instead let's focus on what a lot of the timeshare resale scam companies are saying over the telephone.
We already have a buyer waiting - This is a very common thing that a timeshare resale telemarketer will use over the phone and highly illegal. Chances are their is nobody waiting to buy your timeshare, that is just the bait they use on the hook to lure you in with. You are thinking they are as high profile as they claim to be and will get the job done. So you hand over your payment information and the scam has been ... Read More
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Selling My Timeshare is about educating the public about how timeshare resales work and what timeshare resale scams to avoid. If you have been scammed by a timeshare resale company, please let us know or search for them and leave your story.