Selling a timeshare can be challenging, and scammers often exploit this difficulty. These fraudsters pose as legitimate resellers or real estate agents, claiming to have buyers or guaranteeing a sale at a great price. They use fake credentials, websites, and documents to appear credible, sometimes even having prior knowledge about the timeshare. Once they hook you, scammers request upfront payments for fees like closing costs or taxes—typically via untraceable methods like wire transfers. Once paid, they may demand additional funds for unforeseen expenses, ultimately leaving victims with no sale and having lost hundreds or thousands of dollars.

 Tips to Stay Safe:

  • Never send money via wire transfer, online transfer, or gift cards for a timeshare sale.
  • Be cautious of anyone promising a quick or high-priced sale.
  • Avoid high-pressure sales tactics.
  • Don’t trust fancy websites or reputable-sounding names without verifying first. Scammers can fake legitimacy.
  • Check if the reseller or agent is licensed through your state’s licensing agency. States generally require people engaged in the sale of real estate to be licensed as a real estate agent. Use the verified contact info to confirm legitimacy.
  • Don’t trust contracts or guarantees from unknown sources.
  • Contact your timeshare resort for advice or programs to sell your timeshare.
  • Get all fees and payment details in writing. Legitimate fees are typically deducted from the sale price or paid after the sale, not upfront.

If you suspect fraud, report it to the Federal Bureau of Investigation (www.fbi.gov) and Federal Trade Commission (www.reportfraud.ftc.gov).

Staying informed and cautious can help you navigate the resale market safely and avoid scams.