Dangers of Timeshare Resales Revealed by Grand Solmar

Grand Solmar provides information to vacationers who are considering the purchase of timeshares and risks involved with resales

Jun 13, 2014, 11:38 ET from Grand Solmar Timeshare

CABO SAN LUCAS, Mexico, June 13, 2014 /PRNewswire-iReach/ -- Grand Solmar Resales Awareness Team wants vacationers to have the best possible experience whenever they are away from home. An excellent way to do this is by purchasing a timeshare to use for certain times of the year. Many timeshare resorts are located in premier spots around the world featuring unbeatable views, luxurious accommodations, convenient services, and local events to help compliment any vacation. However, there is one particular thing to be aware of regarding timeshares. This involves resales that can be conducted by companies or individuals intending to commit scams.    

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Resales can be appealing to timeshare owners who want to sell, as well as potential buyers who want to find great deals. However, the Grand Solmar Resales Awareness Team warns individuals to be extremely cautious of such practices. Resales are often done to fill a gap in timeshares that are available during certain periods and can therefore be purchased for less. While this can be appealing to potential buyers, caution is always advised. A great deal on paper not might be the case in reality. The price for a timeshare resale might not fully reflect additional taxes, maintenance fees, and other charges. These can easily surprise a vacationer who has purchased a timeshare resale and is faced with fees that were unknown during signing. Dealing with a reputable timeshare company will help prevent many of these issues.

The Grand Solmar Resales Awareness Team also details that timeshare owners looking to sell can be the targets of scams as well. Whether from an actual company or merely an individual seeking out quick money, timeshare resale scams can and do occur. One such example is a person contacting a timeshare owner and claiming to be a broker with a client who is interested in purchasing the owner's unit. For a fee, this "broker" will agree to provide the contact information of the client for the timeshare owner to speak to regarding a resale. Often, time will pass and the timeshare owner who has paid the "broker fee" will not hear anything back from either end. This is one particular way that resales can be used to conduct scams.

Potential buyers and those looking to sell timeshares should always be careful and know who is being dealt with before there is any exchange of funds. For more information about how to avoid being scammed, visit http://www.grandsolmarresort.com

Media Contact: Grand Solmar, Grand Solmar Timeshare, 1-310-459-7276, info@solmar.com.mx

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SOURCE Grand Solmar Timeshare