Vacation timeshares give you the right to use a vacation home for a limited, pre-planned period. Many people enjoy using these types of vacation packages. However, as with any major purchase, consumers should be aware that there are certain precautions to consider before investing their money. Timeshare scams occur both on the front end - and at the time of purchase - and later - when you try to resell the timeshare you no longer want. Victims of timeshare scams receive a phone call or a postcard with a toll-free number. From there, some predicable tactics come into play by the scammers. If you're either purchasing or selling a timeshare, consider these consumer tips:
Clarify if they are reselling your timeshare or only marketing or advertising it. Where do they market or advertise it?
Sellers have several options. You may try selling your timeshare, by placing an ad in the newspaper or magazine or by using a real estate agent familiar with the area. As an alternative, you could also contract with a company that can exchange your timeshare for a unit in a different area. For more information, call the Department of Business and Professional Regulation, Divisions of Florida Land Sales, Condominiums, and Mobile Homes at (850) 488-1122.
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