Over the years, many timeshare companies have developed a reputation for being dishonest and in some instances, this reputation is deserved. While there are some resort developers that deliver a good experience and have high satisfaction rates, many timeshare companies engage in unsavory and unethical practices that cause people to regret their decision to purchase a timeshare.
If you’re considering timeshare ownership, it’s important to understand the ways some of these unethical practices can put you into a bind and cause your timeshare to become a burden. During the sales presentation and when reviewing your timeshare contract, be on the lookout for these practices to ensure you don’t end up trapped in a financially crippling situation.
Timeshare contracts are notoriously hard to get out of. One of the reasons for this is the inclusion of a perpetuity clause in many deeded timeshare contracts. These clauses essentially bind you to the terms of the contract, including all associated fees, for the rest of your life. In addition, when you pass away, your heirs may inherit your timeshare and become responsible for fulfilling all obligations associated with the contract.
Your life circumstances are constantly changing. Young children grow up and start their own families. Your employment may change, and your new job may not afford you the same amount of time or money for luxury vacations. You may eventually retire and find yourself living on a more limited budget. Health issues may arise over time. All of these factors can impact your ability and/or desire to make use of a timeshare. It is unreasonable for a timeshare company to expect you to be bound to the terms of the contract for the rest of your life.
Always ask about the presence of a perpetuity clause in a timeshare contract before signing. If one is included, you shouldn’t purchase the timeshare. There are some companies, most commonly resorts that offer right-to-use contracts, that will not include a perpetuity clause. Instead, these contracts expire after a set amount of time. This provides you a little more flexibility if you eventually decide your timeshare no longer meets your needs.
During the timeshare sales presentation, you’re told that it’s easy to sell your timeshare if you’re not happy with it at a later date. Unfortunately, nothing can be farther from the truth. There are several reasons for this. Most importantly, there is virtually no resale market for a timeshare. If you look on any online marketplace, you’ll see pages of timeshares being listed for $1 or less, and there are no buyers for these properties. The sad truth is you may even have trouble giving away your unwanted timeshare.
However, you’ll often find that the timeshare company’s policies place additional challenges on your ability to sell your timeshare. These include:
Not all timeshare companies will engage in these practices. Before buying, make sure you have a clear understanding of their resale policy. If there are stipulations that make the process cumbersome and undesirable for a buyer, avoid working with that timeshare company. In most instances, this is a sign that they will have other restrictive policies that impact your ability to enjoy the timeshare while you own it.
The sales presentation will often make it seem easy to leverage your timeshare privileges to achieve flexibility in your vacation planning. In some instances, this may be true. However, many timeshare companies make it very challenging to achieve your desired flexibility.
This may be due to the terms of your contract. If you purchase a fixed week timeshare, you are essentially locked into the specific week and resort you purchased. Other types of timeshare contracts, such as points club contracts, offer greater flexibility. However, some resorts set policies that make it challenging to get the week or location you desire. In addition, if you want to take your vacation during peak holiday season, you may find that all units are booked up before you’re able to reserve your week.
Many timeshare companies engage in some form of unethical sales tactics. These may include:
Timeshare sales presentations are high-pressure environments that are designed to wear you down and get you to make a purchase before you leave. These tactics are very effective, and many people who attend these presentations with no intention of buying end up saddled with a timeshare they don’t want. Always remember you’re under no obligation to make a purchase, and you’re free to leave the presentation at any time. Just keep in mind that if you fail to stay for the agreed upon time period, you’ll most likely forfeit the free gift you were promised.
Unfortunately, many people find that these unsavory practices make their timeshare experience a burden. If you’re ready to get out of your timeshare, we can help. At Timeshare Termination Team, we utilize attorney-based solutions to safely, legally and permanently cancel your timeshare. Our approach has helped us achieve a 100% success rate with our clients.
We’re the only timeshare cancellation firm in the country with an exclusive You First Approach™ focused on prioritizing your specific needs and goals at every stage of the process. We understand that every timeshare contract is unique, and we’ll customize your exit strategy to ensure it delivers your desired outcome.
As part of this unique approach, we make sure you’re armed with all the tools necessary to make an informed decision about your options. We accomplish this by providing you with a comprehensive Straight Facts Exit Guide™ that will educate you about the cancellation process. Our team, supported by our in-house attorneys, will walk you through the legal process so that you understand what to expect every step of the way.
You’ll also receive our Money-Back Exit Guarantee™ that ensures you receive a full refund if you don’t safely, legally and permanently get out of your timeshare. This provides the peace of mind necessary to feel confident about this important step in your journey towards freedom from the burdens of timeshare ownership.
Please contact us today to schedule a free consultation. Get started living life on your terms once again.
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