It’s easy to see the appeal of a timeshare. Owning a small piece of a luxury vacation property and having the ability to use it every year can be very enticing. However, it’s easy to become the victim of a timeshare scam if you’re not careful. While it’s possible that your purchase will match the experience promised, many timeshare owners find that the crippling financial obligations ultimately make their timeshare a burden.
There are many reasons to think twice before buying a timeshare. After all, this is a major purchase that carries long-term financial obligations. If you don’t do your homework, you can find yourself in a situation where you’re unable to afford the rapidly escalating annual costs. The best way to avoid this scenario is to be on the lookout for timeshare scams during the sales process.
The process starts in a relatively harmless manner. Usually, you receive an offer to attend a presentation in exchange for a free gift. Often, the gift will be a free stay at a hotel, free airline tickets, or some other item that’s enticing enough to convince you to sit through a presentation.
In most instances, people have no intention of buying a timeshare when they arrive at the presentation, but somehow end up signing a contract anyway. This is largely due to the high-pressure tactics used by the sales team. Fortunately, there are things you can do to avoid getting sucked into an unwanted purchase.
Timeshare sales presentations are high-pressure environments intended to wear you down. After being shown a video of families enjoying the vacation of a lifetime and hearing stories about the memories you’ll build with your family, you’ll start getting pushed into purchasing a timeshare. They’ll use several tactics to get you to buy:
If you’re not prepared for these unsavory tactics, they can be very compelling. Therefore, it’s important to come into the presentation expecting the hard sell and understanding the methods used to wear you down. In addition, you should take the time to research the different types of timeshare contracts so that you understand how ownership works. This will help you ask the right questions to ensure you truly understand what you’re getting into before signing the contract.
When you’re initially invited to attend the sales presentation, you should ask the name of the resort developer sponsoring the event. This will give you the opportunity to spend some time researching the developer prior to attending the presentation:
If other timeshare owners have experienced problems dealing with the resort, you’re likely to find this information online. By reading the experiences posted by both satisfied and unhappy timeshare owners, you’ll be able to go into the sales presentation with a better understanding of the type of company you may be working with. If you see significantly more negative reviews and warnings from unhappy owners than positive reviews, you should be wary of trusting everything you’re told at the sales presentation.
The easiest way to avoid becoming the victim of a timeshare scam is to do your research before attending a presentation. Knowledge is power, and it will help you avoid being swayed by emotional pleas and misrepresentations of fact. After all, if a deal seems too good to be true, it probably is.
The following tips will help you avoid making a large purchase that you may soon come to regret:
If you’ve been the victim of a timeshare scam, you’re not alone. According to a University of Central Florida study, approximately 85% of timeshare owners come to regret their purchase. With over 9.6 million American households owning one or more timeshare properties, that’s a lot of dissatisfied customers. Fortunately, you don’t have to remain stuck in an unwanted timeshare for the rest of your life. Timeshare Termination Team can help you cancel your contract.
At Timeshare Termination Team, we believe you should be able to live life without limits. Unfortunately, the crippling financial obligations associated with a timeshare can often place limits on the choices you’re able to make. We’ve witnessed firsthand the challenges families have faced due to rapidly escalating timeshare costs, and we’re here to help you break free of these burdens.
Our exclusive You First Approach™ ensures your unique needs are the top priority throughout every stage of the process. We have a team of in-house attorneys who will carefully review your contract and recommend the ideal exit strategy to safely, legally and permanently cancel your timeshare. We’ll only make recommendations that are in your best interests, and we’ll provide you with the educational tools necessary to make informed decisions about your options.
Our attorney-based process is the most effective way to get out of an unwanted timeshare, and this allows us to confidently offer you a Money-Back Exit Guarantee™. If we don’t legally and permanently cancel your timeshare, you’ll receive a full refund.
Please contact us today to schedule a free consultation. Get started on your journey towards freedom from the burdens of timeshare ownership.
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