Скачать или смотреть Timeshare Sellers, Beware of Upfront Fees

Upfront fees. Anyone trying to sell their timeshare has probably heard this term before. That’s because consumer advocates, government agencies and the Better Business Bureau constantly warn: “Never pay upfront fees. Ever.” And they’re right.

The process of asking for upfront fees in order to secure a sale is one of the most common scams in the timeshare resale market today. These fees can range anywhere from a few hundred dollars to many thousands.

The typical pitch goes something like this: “I’ve got a buyer who absolutely loves your unit. She’s willing to pay your asking price of $15,000. She’s very excited and wants to complete the sale immediately. All you have to do is pay our 10 percent finder’s fee of $1,500 and we’ll close.” However, once you pay the price, you’ll likely never hear from that company again.

You’re probably thinking, if everyone knows not to pay upfront fees, why do timeshare owners continue to get burned?

Read more on our blog to learn how you can avoid upfront fees,
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