Timeshare scams grow in popularity near the end of summer

Local4 News at 6
Published: Aug. 16, 2022 at 8:40 PM CDT
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HASTINGS, Neb. (KSNB) - With summer vacations coming to a close for many of you out there, most people are looking ahead to vacations for 2023 and beyond.

This also means in the timeshare business, that means many people are looking to re-sell their timeshare or trade it in. If and when you get approached by a potential buyer, BBB Public Relations Director Josh Planos says the agency offers endless amounts of resources to make sure your sale is legitimate.

“If a company is reaching out to purchase your timeshare and it is in fact a company, they should have a track record online,” Planos said. “You can start by going to BBB.org, then start by going to that company name. We have all sorts of letter grades, tips and tricks, customer service information - whether or not this company has a physical address.”

Another way to safeguard any timeshare transactions is to do a little shopping of your own.

”Look on the secondary market for properties being re-sold,” Planos said. “If this is a quick flip, you want to know ahead of time. You want to know that this property is going to a good home, that it’s going to a good steward. If you find that your property that you haven’t even sold yet is already being re-sold, that should tell you that there is a hustle in play.”

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