The struggling economy has forced many timeshare owners to resell their properties on the market. Timeshare marketing firms have been helping these owners in the resale industry. However, the Better Business Bureau (BBB) still warns timeshare about scammers in the resale industry.

Telemarketers often convince timeshare owners to sell their property, getting them to purchase marketing contracts in the process.

These marketers are aggressive—pressuring timeshare owners as if there was already a confirmed buyer.

These contracts can cost up to $4,000, and most timeshare owners don’t even get a call back after payment.

The BBB has already received several complaints about these scams. The typical approach is to phone timeshare owners and to get them to pay money upfront, telling them that there is already a buyer.

To make sure you don’t make the same mistake, check the reputability of the company you are negotiating with. Contact the nearest BBB branch in you vicinity to confirm the legitimacy of the company. Never shell out money, especially when you are not assured of the company’s intentions.