How To Spot a Timeshare Scam

March 6, 2019 at 12:58 pm
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Would you like to know how you can spot a timeshare scam to protect yourself? Do you want to learn more about timeshares and vacation ownership opportunities, but want to take care to avoid getting scammed? Read below to learn how you can tell the difference between a reputable timeshare provider and a fraudulent scammer.

  • No Reputation?

One of the biggest signs of a probable timeshare scam is if the company does not have a reputation at all. It goes without saying that a good reputation is very important when it comes to determining a safe choice from a bad decisions. So if you come across a timeshare provider that has no reputation at all or you are approached by a vacation ownership or timeshare company that you can’t find any information on, tread very carefully. As the majority of fraudsters and scammers regularly change their name to avoid getting caught by the authorities and to confuse their next victim, make sure to do your research on a timeshare provider that you want to buy from. If you find they have no reputation at all, you should be extra suspicious as it is probable you are at risk for becoming a timeshare scam victim.

  • Are They Part Of A Timeshare Network?

Another suggestion on how to spot a timeshare scam is to ask if they are affiliated with or part of a timeshare group or network with resorts in various locations. The vast majority of reputable timeshare companies today are part of a partnership with other resorts throughout Mexico, so if you find yourself in dealing with a resort provider that has no affiliation, it is something to question. Most timeshare companies today are part of a network as individuals that invest in vacation ownership memberships today have demanded increased variety and flexibility that comes with access to additional resorts. Today, most reputable providers are part of a network so their members have the ability to visit various properties as opposed to be limited to just one location. If you come across a vacation ownership opportunity where they are not part of a network, it is a warning sign that they may be a timeshare scammer.

  • Sales Reps Cannot Produce Valid Identification

The sales representatives that promote timeshares or vacation ownership investments also give big clues about the validity of the provider. If a sales representative or promoter is unable to provide proper identification that they work for a particular resort, that is a huge red flag. All sales reps that work for genuine providers should be able to produce proper identification that associates them with the specific timeshare provider they are promoting. Another consideration is to think about where did you meet the sales representative? Scammers are usually found at random locations throughout town as they are not allowed to legally work inside the airport or shopping centers. To help protect yourself from becoming a timeshare scam victim, always ask to see ID before you agree to attending a presentation. By doing so, you can avoid wasting your time with a potential fraudster.

  • Off-Site Interaction: Red Flag!

Another common trend that timeshare scammers practice is that they take potential victims to a specific resort, but then ask them to sign paperwork off site at another location. If a sales rep piques your interest about one resort, but then takes you for a tour of another, that is something else to be aware of. Any sales rep that gives a sales presentation that covers the membership plans, amenities, facilities of one resort, but then quickly takes you to another location to talk further, be very wary. Any sales rep who conduct a timeshare presentation off site is likely a scammer so be very careful.

  • Trust Your Instincts

Lastly, another simple way to avoid becoming a timeshare scam victim is to trust your gut if you have a bad feeling about the sales rep or any of your conversations. If you just have a wary feeling or have caught the sales rep in lies, you are probably dealing with a scammer. Legitimate timeshare sales reps for genuine resort providers are honest and not allowed to misconstrue any information about vacation ownership membership. If you feel your rep is not trustworthy or if something just feels wrong, listen to your gut and trust your instincts.

Vacation ownership memberships with genuine resort providers are an excellent investment for you and your family. Just make sure you follow these tips on how to spot a timeshare scam, and you can keep yourself safe.

Recommended article: Should I beware Villa Group Scams?