Here are their recommendations:

1. Do your homework, using the Internet.
2. Don’t give information about yourself to any company that calls you, blind, to help you get out of your timeshare or maintenance fees.
3. Don’t agree to pay large “up-front” fees to a timeshare resale company that offers to help sell your timeshare.

How can I legally cancel my timeshare?

Canceling Your Timeshare Contract Most of the time, you must send your cancellation in writing. Even if the law allows you to cancel the contract orally, it’s a good idea to prepare and send a timeshare letter of cancellation to the seller.

Are there any legitimate companies that sell timeshares?

You’ll find timeshare resale companies under investigation, as well as legitimate timeshare resale companies. Many names are tossed around, such as RCI Resorts, Westgate, Wyndham, Timeshare Exit, or Redweek, but we will show you how the scams work exactly. Legitimate companies that buy timeshares do exist, but so does timeshare fraud.

Is it safe to buy a time share?

AARP|Comments:0 En español| Buying a time-share has long been viewed as a risky proposition, fraught with high-pressure sales tactics and ripe for potential rip-offs. It also pays to be wary when someone offers to help you sell your part-time vacation property.

How many time share owners are there in the US?

Today there are more than 1,500 time-share developers in the United States and more than 9.2 million time-share owners, reports the American Resort Development Association (ARDA), a time-share industry trade group. Many owners are happy with their purchases and routinely vacation in their time-shares during their given weeks.

When to be wary of time share resale?

It also pays to be wary when someone offers to help you sell your part-time vacation property. The typical time-share resale scam works something like this: You get a call from a supposed broker who’s seen your “for sale” ad online and claims to have a buyer lined up and ready to make a deal.