During timeshare presentations, people are frequently told that it is possible to travel around the world when buying a timeshare. Although this is not always a lie, the stark truth is that doing atimeshare trade is easier said than done, in fact, there are many timeshare owners who have never been able to achieve a timeshare exchange. Learn more about timeshare trades and how they work.
Timeshare TradeA timeshare trade is basically a one-time exchange for a different timeshare resort. As with Real Estate; location is the key when it comes to timeshares, especially if you want to exchange your property without difficulties. To do so, you need to own at well-known timeshare companies, which must be located on a destiny that has a high year-round global demand, such as Cancun or Los Cabos. Heads-up:Lots of families buy a timeshare with the expectation to travel all over the world. Unfortunately, atimeshare trade requires plenty of research into every possible exchange location before getting one done. This process can be extremely difficult and people give up on it. Timeshare Exchange CompaniesTimeshare Exchange Companies are Associations that specialize on doing timeshare trades. These companies allow you to exchange your fractional ownership with other timeshare owners. The cost to be a member a timeshare exchange company is about $100 per year. A large network of resorts are affiliated to them, and one very important thing to find out before buying a timeshare, is if the resort is affiliated to an exchange company, and which one it is. These companies offer unique benefits and services. The two largest timeshare exchange companies are:
Types of timeshare tradeA timeshare trade can be done in different ways; these are the three ways to exchange yourtimeshare ownership:
At Mexican Timeshare Solutions, we specialize on cancelling timeshare contracts. Timeshare cancellation is the real solution and is the most effective and secure. When properly cancelling a timeshare, there is no further strings attached to the resort. At MTS, our goal is to assist timeshare purchasers who feel they were scammed or taken advantage of by fraudulent salespeople and deceptive sales practices. As specialists in the timeshare industry, we are committed to offering timeshare help in a fast, friendly and experienced service to clients. Contact us today for a free consultation and get rid of your timeshare as soon as possible! You have nothing to lose, except your timeshare! Information to ShareIf you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how?
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Being timeshares an expensive purchase, in addition to the economic downturn we’re living, there are more than enough reasons to dump a timeshare. The bad economy it’s an excellent stage for scammers to play their game, like it is said on the article Timeshare scams increase in bad economy. Owners appeal to sites like EBay or RedWeek, and try to sell their properties for unbelievable prices. Getting a timeshare in an exotic destination for 1 dollar is now possible, but you have to take the responsibility of paying all the annual fees that timeshares come with. Because of that, the timeshare sell now scam has been increasing in the last years, the resale companies take advantage of the people who blindly trust them by giving them fake promises, and after they take all the money possible out of the victim they just disappear.
Timeshare sell now scam – How it’s doneSelling a timeshare is a big challenge. We’ve mentioned that before on the article Getting out of timeshare contract: the truth about it. The timeshare supply exceeds the demand by far, what makes nearly impossible to sell a timeshare at the same purchase price, or to sell the timeshare at all. Scammers are aware of this, and that is where the timeshare sell now scam has its origin. Thousands of people are being called by telemarketers across the USA and Canada, who claim to have a buyer for their timeshare, ask for an upfront fee and never call again. This fraud has taken millions of dollars based in lies and dirty tricks. Timeshare sell now scam - Why do people keep falling for itDespite the constant warnings on the internet, TV programs, magazines and newspapers, thousands of people keep falling for a timeshare sell now scam. You just have to go to timeshare forums, blogs and complaint websites to confirm it. The reason why this happens is because loads of owners are looking to get rid of their timeshares so desperately, that they would do anything that it takes to dump the unit. That, in combination with the misleading rhetoric used by the telemarketers, makes the perfect formula to get a fraud done. Another reason why this keeps happening is that many of the victims are elderly/seniors who don’t know how to use a computer properly, so they’re not able to research anything linked to a timeshare sell now scam. Seniors are often a good target for timeshare scammers, the article Senior suffer over timeshare scams talks about that. Timeshare sell now scam – It’s time to avoid it No matter how beautiful the promises sound or how professional the salesperson looks like, we always have to be very cautious when it comes to making a deal with a company. Remember that every salesperson is trained to get a pact done, and always keep in mind not to pay an upfront fee at all, like is mentioned on several articles, Sell timeshare scam is one of them, that’s the first thing you have to learn to avoid getting yourself in a scam. Be always suspicious and ask as many questions as it is possible, ask for references and look for reviews on the internet, just to bring up a few advices, but the best thing you can do, if they reach you by phone is hanging up. You don’t want to deal with those people. Timeshare industry has a bad reputation, but not everything that is related to it is a scam. Mexican Timeshare Solutions is a legitimate company that maintains an A rating with the BBB, without asking for an upfront fee. We’ve mentioned in various articles before, like Cancel a timeshare – Tips to get rid of it, that the best way to get away from a timeshare contract is by cancelling the agreement. Contact us today for a free advice on your timeshare issue and escape from all the problems that timeshares come with. Information To shareIf you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how?
To know more about Timeshares visit:Timeshare points for sales Read the following common misrepresentations told at sales presentations. If you were told at least one of them and purchased based on that promise told by the sales rep, you are a victim of timeshare fraud and need to act now!
You are a victim of timeshare scam in Mexico if you were told these statements at a sales presentation: "...our timeshare is a good financial investment." "...you can rent yourtimeshare weeks and make a profit." "...you can sell yourtimeshare anytime and make a profit." "...XYC company will buy your old timeshare for a considerable amount of money." "...our timeshare offers you exceptional benefits and discounts for airfare, car rental, cruises, hotels or tours." "...our timeshare offers tax advantages." "...our timeshare is a deeded or like a deeded property (perpetuity)." "...please, sign this waiver rescinding your right to cancel your timeshare within the 5 day recsission period as we are activating your timeshare today." If you purchased atimeshare in Mexico under these premises, contact us now to help you cancel your timesharenow. If you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how?
"Sir, I see you have a timeshare, want to sell it?"
More people are getting these calls from companies offer to unload their unwanted properties. People are getting ripped off by timeshare sales that never take place and owners are swindled for thousands of dollars every day , say local, state and federal officials. A common storyMartha and Ron Reagan are among the victims. The couple flew to Cancun for their wedding anniversary and spend $18,000.00 for a two-bedroom, one week timeshare 10 years ago. They have used it once. Last winter, Ron was laid off from his semi-retired job, he started looking on the internet for ways to sell their timeshare and recover at least part of their purchase. Reagan figured he could easily get $20,000 since he called the resort and was told that two-bedroom units were being sold for nearly $40,000. This money would help them pay for their mortgage until he was able to find another job. After searching online, They got a call from Premium Resale's and Rentals in Florida. Within days, a company representative called them expressing they had found a buyer for their timeshare but needed $5,000 to pay for "title search, processing and handle ling fees", Reagan sent a wire transfer to a bank in Mexico immediately. "I bought it all, never doubt they would send me the money afterwards" Recalls the 65 year-old maintenance worker. "He had the right answer for every skeptical question I asked" As soon as the transfer went through, another company representative called asking them for more money for more expenses. Reagan refused. Their salesman stopped answering calls or emails. voice mail was full and website soon was down. "We were scammed" Said Martha, who said they have found other people´s story very similar to theirs online. On top of their loss, they still have an obligation to pay $950 in annual maintenance fees. Timeshare fraud is increasingTimeshare fraud has been around since the timeshare idea was created, but they increase during poor economy. When times are difficult, timeshare owners are stuck with properties they can´t travel to or even afford. Desperate to recoup some money to pay for bills, they can easily become victims to scams artists pretending to be their timeshare salvation who will take upfront fees -as much as five number figures in some cases- but fail to fulfill their promise. Possible solutionsYou might receive a call from someone claiming they have immediate buyers or that your timeshare is hot in the market or that a corporation is interested in your timeshare. If you receive a call, act carefully. The biggest warning signal is when they want you to send them money upfront. With this economy, the resale of timeshares -even for a penny- seems unlikely to happen. An option you might want to try is calling the resort and see if they will take it back. Historically, this is not an option for most resorts are being affected with the difficult economic times and a way to financially "breath" is by the maintenance fees they bill you every year -even if you do not use the timeshare-. Best timeshare solution Probably the most viable option is to cancel your timeshare and check if any money can be recovered. Even there, there are companies who will -that might be linked to resell scams- that will claim to have experience and knowledge in the in and outs of the industry to help you recover your deposit. Most companies will ask you for a upfront fee; this is a red flag. Even if they offer a money back guarantee, avoid paying them anything unless they deliver their promised results. Mexican Timeshare Solutions is one of the few companies -we don´t know of any other- that works under a contingency basis. You only pay for our services once your contract has been cancelled and any financial obligations with the timeshare developer are dismiss. Contact today Mexican Timeshare Solutions for a free consultation of your timeshare situation and learn how we can help you get from under the burden of owning a timeshare. Information to ShareIf you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how?
When it comes to scams, companies stablished in countries with less goverment regulations and more corruption are more likely to commit fraud and being able to get away with it. But know the details of why is easier to scam out of their money to vacationers in Mexico than in the US.
Timeshares in Mexico have a bad reputation for scamming innocent vacationers into purchasing a fraudulent timeshare contract. In this article, we discover why more timeshare scams happen in Mexico and the Caribbean than in the US or Canada and what timeshare scams victims can do to resolve their timeshare problem. There are several reasons why timeshare scams are more prominent in Mexico than they are in the US or Canada. Timeshare scams in Mexico 1Mexico is still considered a third world country, and they rely heavily on tourism and timeshare sales for the health of their economy. With their beautiful beaches and lush surroundings, it should be easy to sell timeshares based on the inherent qualities of the resort and the destination; however, many timeshare companies in Mexico use fraudulent sales tactics to boost their sales even more. Their rental and resale promises seem too good to be true, and induce clients that wouldn’t normally purchase, to take the plunge and invest thousands of dollars. Timeshare scams in Mexico 2The government in Mexico has very lenient regulations for timeshare companies that do not cover the regulation of sales practices. If a tourist falls victim to timeshare scam in Mexico, the government agencies are not very effective in helping to resolve the problem, because the loss of the income from timeshare would result in less employment and wealth within Mexico. Timeshare scams in Mexico 3The salespeople in Mexico use high-pressured sales tactics to to ensure that their sales occur on a one-day only basis so that the client does not have time to properly research the company. They are often successful because the clients are on vacation, have let their normal guard down, and do not have time to make an informed decision. One would think that the fraudulent sales practices would inhibit the resort’s ability to sell because it would tarnish their reputation, however, most timeshare consumers do not plan in advance to buy a timeshare. By the time that most clients find out that they have been scammed, they are outside of their 5 day cancellation period, and are not sure how to approach cancelling a timeshare in a foreign country. Timeshare scams in Mexico 4Most victims of timeshare scam in Mexico do not speak Spanish, so the process of cancelling a timeshare in Mexico because very daunting as they cannot communicate effectively with the resort or government agencies. The timeshare scam companies are very aware of this fact, and often use it to their advantage to frustrate complaining clients by not offering English speaking staff. Many timeshare scam victims feel helpless at this point, and give up, but our staff at Mexican Timeshare Solutions can advocate for clients who cannot contact or communicate with the resort. Timeshare scams in Mexico 5Another difference is that timeshares in the US and Canada are more highly regulated to abide by federal laws than timeshares in Mexico. There are also important organizations, such as ARDA, the American Resort Development Association, that act as a marketing tool for resorts but also provide consumer protection measures by not endorsing companies that are involved in situations of fraud. In addition, the Better Business Bureau in the US and Canada serve as an open forum for clients to rate and review the reputation of the timeshare company in which they plan to purchase. The clients that buy in the US and Canada are typically citizens of those countries, and are aware of their legal rights and the correct avenues to deal with situations of fraud. All of these factors help to limit the number of timeshare scams that occur in the US and Canada, and facilitate the cancellation process if the client has been defrauded. Timeshare scams in Mexico 6Unfortunately, if US and Canadian citizens have previously owned timeshares in their own country, and have had successful experiences with those timeshares, they are more susceptible to being scammed by a timeshare company in Mexico. As they have already purchased from a salesperson that accurately outlined their timeshare details, they place more trust in the fact that what the Mexican timeshare salespeople promise is true. This can put them in a potentially vulnerable position if they encounter a Mexican timeshare salesperson that lies in order to increase their sales. With any financial investment of this magnitude, whether it is in the US, Canada, or Mexico, it is important not to take the salesperson’s word at face value. All consumers must take the time to research the timeshare company, and check with current timeshare owners to see if it is a reputable company to invest in for their vacation needs. All one-day offers sold under high pressure circumstances should be avoided, or rejected as this is a prime indicator that the organization is a scam. If you have purchased a timeshare in Mexico, and feel that you were not given what you were promised, contact us at Mexican Timeshare Solutions for help. Our professional staff works hard on your behalf to ensure that justice is sought and obtained. The best part is that as the client, you do not have to deal with the frustration of being ignored by the resort, or having extremely difficult communications problems. We handle all the details to ensure that your Mexican timeshare contract is cancelled properly so that you have no further obligations to the resort. 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The words "timeshare scams in Mexico" are flooding the internet more and more everyday. Do you know who the resorts usually target? How the salespeople determine the membership you will be sold? this and more questions will be anwered in this article.
Timeshare scam companies - The budgetTimeshare salespeople are aware that many vacationers choose to attend timeshares sales presentations for the free gifts, such as tours, cash incentives, or souvenirs, or just out of curiosity to see a different hotel property. Obviously, the salespeople do not want to incur a loss on having the potential client walk away with the free gifts without making a purchase. As such, the timeshare salespeople are very motivated by their commission structure to ensure that the client makes a timeshare purchase. Timeshare scam companies - The targetThe sales team is carefully trained to target the right type of vacationer to attend the timeshare presentations. For example, they normally approach people over 30 years of age, in couples, as they assume that they will have two stable incomes and be able to afford to vacation regularly or purchase a timeshare. The salespeople that work in timeshare scams companies normally try to sell the timeshare for the highest amount possible, but when they are not successful, many companies will offer a smaller vacation club package. Timeshare scam companies - One day deal onlyTimeshares do not have a fixed value. The salespeople from timeshare scam companies are very skilled at gathering information about the client during the free breakfast and initial survey in order to assess the client´s financial status and ultimately, the price that they will offer the timeshare. When the client refuses, they offer deep discounts to entice the client to purchase, and often send in a closer to make the special “one day only” deal. They may promise offers of guaranteed rentals, resales, or annuities, which are some of the most common timeshare scams, to entice the clients to purchase; however, some clients are more persistent at saying no, and refusing to buy the timeshare. Timeshare scam companies - Better than nothingThe salespeople offer vacations club packages as a cheaper alternative to a timeshare to the vacationers who say they cannot afford a fixed timeshare or a high value package.The vacation clubs normally work on a points system and the salesperson makes claims that the points can be used at hotels throughout the world. The timeshares salesperson from the timeshare scam companies state that the vacation club offers the client deep discounts on travel, such as reduced airfares, very cheap weekly hotel rates, discounted rental cars and many more excellent benefits. These packages are offered at a fraction of the price of a timeshare, often just a few thousand dollars, so the clients who were not interested in a large timeshare package, but are interested in having more affordable travel opportunities, are persuaded into buying. Unfortunately, these packages are another version of timeshare fraud as what the timeshare salesperson promises is not what is actually offered to the client once they return home and try to use the vacation club. Timeshare scam companies - No information for the new ownerDuring the sales presentation thesalesperson shows the client a detailed book of all the vacation club benefits. Normally, clients will ask for a copy so that they can review it while they are still on vacation. The salesperson will say that the book will be mailed to the client at their home address so that they do not have to carry a heavy book with them on their trip home. Often, the package of information never arrives, or in cases where the client does receive the book, it is a different version. The version of the book that the client receives offers far less hotel options, requires a higher points value per night, and does not offer the other discounts promised during the time share scam sales presentation. Timeshare scam companies - What to be aware ofRead this to avoid becoming a victim of timeshare scams in Mexico or by a vacation club scams.
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Are you able to contact your timeshare salesperson when you need them most?Is what you heard at the sales presentation the same as what you are being offered in your vacations? How does your timeshare relate to what you were told by the salesperson?
First signsWhen making a timeshare purchase that costs thousands of dollars, you should expect professional and legitimate service from all the timeshare staff members that you encounter. TheTimeshare salesperson are hired by the resort to represent their sales efforts. As such, the timeshare salesperson should provide you with a business card with their personal email address and telephone number that belongs to the resort system. If the Timeshare salesperson gives you a business card with their name hand printed on the card with their hotmail, yahoo or Gmail email address or their personal cell phone number, be careful as this might be evidende that the resorts won´t trust their sales reps to provide them with an email address from the resort webpage (ejem, [email protected]). They will try to convince you that they are doing you a favor by providing you with their personal contact information where you can reach them at anytime if you have any questions or problems. They also fraudulently claim to even be available in the evenings and on weekends because they are dedicated to their clients’ well-being. This is a common scam in the timeshare industry. In reality, we have heard from many defrauded timeshare purchasers who have experienced problems with their timeshare memberships. When they try to contact their timeshare salesperson at their personal email address, the message is returned as undeliverable. The Timeshare sales people set up these email addresses to give the impression of excellent customer service; however, these are false email addresses, so the message will not get delivered or will get sent to an inactive account to which no one checks or responds. The personal cell phone numbers are also part of the artifice. When clients try to contact them, they are typically inactive or disconnected phone numbers. The clients are left feeling helpless and foolish for believing the salesperson’s lies about pretending to be their friend. RedomendationIt is wise to ensure that you have the correct names and professional contact information for all the people that you were in contact with during the sales presentation to ensure that you don’t get scammed and in case you are required to follow up with them regarding your membership. You should even attempt to send an email or call them at the address/number they provide you before you agree to sign any contract. Take your time to do the research to ensure that their contact information is valid, so that you do not get caught in a situation of timeshare fraud. When spending tens of thousands of dollars on an investment, you need to ensure that your hard-earned money is being entrusted in good hands. When clients try to contact the resorts to ask for their salesperson, they are often told that the salesperson no longer works there, or was fired. It is true that there is high turnover in the timeshare industry. This is due to many reasons, here are just a few: • Legitimate salespeople are encouraged to use fraudulent tactics to increase sales, so they choose to quit as they do not like to risk their name by using unethical practices in a timeshare scam. • The salespeople do not want to follow up on complaints of fraud or timeshare scam, so they leave to work at other resorts. Some timeshare salespeople have a history of moving from resort-to-resort very quickly in order to avoid prosecution of their timeshare fraud. • The timeshare resorts fire the salesperson to use them as a scapegoat. The resort claims that they did not support the salesperson’s unethical practices, so the person was fired. The resort also claims that they cannot cancel timeshare memberships that were sold by this person because it was not their fault and they don’t have individual proof of the lies that the salesperson told to the individual client in the scam. • In reality, the salesperson does still work in the office, but his or her secretary has been advised to say that they no longer work there in order to render the scammed client to feel like they have no recourse. At Mexican Timeshare Solutions, we are highly aware of these timeshare scams and we know the appropriate people to contact to properly cancel timeshare contracts. If you have already purchased a timeshare that was sold under fraudulent premises, and have not been able to get in touch with anyone at the timeshare resort, contact us today. We would be happy to work on your behalf to ensure that negotiations are swift and successful. If you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how?
Buying at timeshare full of deceiveness is not a one man job. There is a process that starts from the timeshare salespeople that contacted you at the airport, the street or the lobby of your hotel to the last person which would be the customer service department. Learn the role each of these employees play.
Timeshare sales are carefully orchestrated routines that involve several staff members in order to ensure that the majority of the timeshare presentations result in a sale of a timeshare contract. The following article outlines the common players in the timeshare presentations, and the scams that each timeshare salespeople is trained to tell the potential client. We at Mexican Timeshare Solutions, hope that this information will help to protect you on your next vacation to Mexico. If you hear any of the following offers, don´t walk away…run, as you are at risk of being scammed! Timeshare salespeople involved:OPC – Outside Public ContactThe OPC is the person in the airport or on the street that is given the responsibility of inviting clients to timeshare presentations. They offer clients free gifts such as discounted tours, spa packages, free car rentals, cash incentives, airport transfers, and much more to entice clients to attend the timeshare presentation. Sometimes they do not say that it is a timeshare presentation, but only a tour of a new resort, in case you would like to stay there on your next visit. They ensure the client that the visit or timeshare presentation will only be 90 minutes long, and that there is no obligation for them to buy anything. Unfortunately, the majority of timeshare presentations take over 4 hours, and the client is subjected to a high pressure sales pitch. The OPC makes a commission if the client purchases a timeshare. HostessTimeshare sales practices are carefully crafted routines made to ensure that the client feels relaxed and as if they are amongst friends. The clients are picked up from the resort where they are staying in a luxury car or taxi and taken to the resort that is holding the presentation. They are typically greeted by a friendly young person who gathers some preliminary personal information, such as the client’s age, address, and credit card information. They claim that the credit card information is used just to ensure that the client would be eligible to buy should they decide to purchase at the end of the presentation. The hostess has an important role of assigning the clients to the appropriate salesperson, either a liner, front-to-back or closer. If the client has a gold or platinum credit card, they will often be passed directly to a front-to-back or a closer. Liner - Tour GuideThe clients are then transferred to a friendly person whose job is to tour the clients through the property and take them for a free breakfast or lunch. The tour will typically take the clients through the most beautiful parts of the resort. The tour guide normally shows a very high end room. In most cases, the clients are told that they are purchasing a luxury room like what they saw in person, but when they reserve their timeshare week, they are accommodated in a room of a much lower quality. During the breakfast, the Liner will try to create a personal connection with the clients to create a level of trust and friendship amongst them. After breakfast, the Liner takes a survey to discover more about the client’s vacation preferences and income level. They will ask what type of vacations they like to take, what is their dream vacation, how many kids do they have, how often do they vacation, how much do they spend on their vacations, if they own any other timeshares, and what is their satisfaction level with their other timeshares. This information will gauge the price of the timeshare that the client is offered, and the method for which they will present the timeshare. Front to BackThe Front to Back is a combination of a Liner and Closer as they can complete the whole process from the tour to the final sale. They are authorized to close the deal if they feel it is possible. If not, they can call in a closer to complete the sale. Closer The closer is often identified as the manager who is authorized to offer special deals, such as a better price. If the client is not appearing receptive to the prices or offers that the Liner or Front-to-Back already made to the client, the closer is typically the person who is trained to present offers of resale of previous timeshares or rentals of their new timeshare to identify the property as a financial investment instead of a timeshare. The offers or resales or rentals are the most common timeshare scam in Mexico today. VLO – Verification Loan OfficerThe Verification Loan Officer are the timeshare salespeople who have the responsibility of drafting up and reviewing the contract with the client to ensure that it is based solely on true statements. Unfortunately, many VLO’s are trained to ensure that the client does not read the contract in full. If a VLO tells you that you do not need to read every clause, they are part of thetimeshare scam. The VLO also is in charge of setting up financing plans for the client. In some cases they claim that the financing is done in house; however, in reality they set up a credit card without the clients being aware. When the client returns home, they receive a credit card in the mail, with the full amount of the timeshare charged to it. If you are not interested in purchasing a timeshare to use, do not attend a timeshare presentation! The free gifts are not worth wasting a day of your vacation, and putting your hard earned money at risk of being scammed by the timeshare salespeople. If you have already purchased a timeshare, contact us at Mexican Timeshare Solutions. We offer professional and efficient services to cancel your timeshare contract as soon as possible. At Mexican Timeshare Solutions, we will work hard on your behalf and with no upfront fees. Contact us today for a free consultation! 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Timeshare industry has always given much to talk, the truth is that some people love it, some people hate it, and the reality is that the sales are still on the rise. What is it about timeshare ownership that causes an incredibly controversy? Read this article to know how a timeshare sales agreement work, and why so many people want to get rid of them.
Timeshare purchaseIn order to get a sale done, timeshare salespeople tell the prospect buyers that they’re making a great investment by getting a fractional ownership, but, is timeshare a good investment? The truth is that it is not even an investment, in fact, it should only be considered as a purchase, being that it doesn’t have any possibility of financial growth. It is also important to highlight, that timeshare purchases have also been considered by many financial experts, as one of the worst purchases you could ever make. They are way too expensive, and even if the unit is paid in full, the owner is still attached to the monthly payments, such as maintenance and membership fees. Timeshare sales agreementA timeshare sales agreement is the contract that you get at the moment you purchase a fractional ownership. Most timeshare companies make them long and difficult to understand, so the buyer doesn’t know well what he is getting into, and the terms and conditions are especially made to benefit the resort, but not the owner. The timeshare sales agreement gives you the right to use the resort, during a certain number of years, for a specific number of weeks. That means that the developer still owns the resort, so your interest would not be considered as real estate. Also, it is very likely that most of the verbal promises told during the presentation are not in the contract, and many of the agreements have no cancellation policy. Reasons to get rid of the sales agreementThere are many reasons to get rid of a timeshare sales agreement; however, these are the most important:
Timeshare cancellationThe best solution to get rid of a timeshare sales agreement is by cancelling the contract. Timeshare cancellation offers you the opportunity to cut the strings attached to the resort in a secure and efficient way. At Mexican Timeshare Solutions, we assist timeshare purchasers who have become victims of a timeshare scam. Contact MTS today for a free consultation to discuss the possibility to cancel your timeshare, with no fees upfront. Information to ShareIf you liked this article, please help us to share this information to more people in order to avoid more timeshare scam victims. How?
Timeshare: Why the heck did we sign for one? How to get out of timeshare Timeshare sales are invading the market and they seem to be increasing every year… as well as timeshare scams. Learn more about timeshare sales seeing from different perspectives.
Timeshare sales are very common these days. Resort companies and worried owners are doing all that is possible to sell their timeshare properties, but the problem is that the supply exceeds the demand by far. If you go on vacation to a well known touristic spot, it is very probable that you will be approached by a timeshare salesman. No matter where you are: at the airport, on the streets, on a restaurant, timeshare salespeople are everywhere! And if that’s not enough, the internet is also infested by thousands of timeshare sales deals. In the following paragraphs, we’ll describe how timeshare sales are seen from different perspectives. Timeshare sales – For the companiesTimeshare companies make a big part of their incomes out of timeshare sales. It is very profitable to them, since each company can sell hundreds of rooms to different owners. If every timeshare unit has an average purchase price of $15,000 USD; just imagine how much money the resorts become from the timeshare sales, plus the annual fees every owner has the obligation to pay, it is extremely lucrative for a timeshare resort to sell timeshares, that’s why they insist persistently to people to attend to their timeshare presentations. Unfortunately, the grand majority of the timeshare sales are made under high-pressure sales tactics, and that is one of the biggest complaints timeshare scam victims have. Figure it out, why would a timeshare company give you fantastic gifts and free meals just to attend to a timeshare presentation? Very simple, they will do everything that is possible to sell you a timeshare during a 4 hours presentation. Is the free breakfast worth it? Think about it. Besides the timeshare resorts, there are also many resale companies. Timeshare resale scamstake millions of dollars every year. According to Lois Greisman, Associate Director at Federal Trade Commission, there are tens of millions of dollars being bilked from people who are trying to sell their timeshares. Many of these are “ghost companies” and as soon as they get an upfront fee, they disappear. Timeshare sales – For an ownerIf you think it is difficult to sell a house, try to sell a timeshare: it is almost impossible. If you surf on the internet, you will find hundreds of timeshare sales listed on sites like EBay, RedWeek or Craiglist for the unbelievable price of one dollar or even less. This fact reflects the desperation of many owners to get rid of their timeshares. For every prospective buyer, there are about 600 owners looking to sell their timeshare in America. Unluckily, timeshare sales are not a good option to dump a timeshare. Selling a timeshare is not only difficult, but tremendously hard. Timeshares are overvalued, and in addition to that, they lost over 70% of their cost when they are first acquired. That means there is no possible way an owner can make a profit by selling his timeshare, or even sell it for the same purchase price. Timeshare sales – For a prospective buyer Timeshare sales can be also seen from the prospective buyer’s perspective. For those who are looking to buy a timeshare, it is highly recommended in several timeshare websites to buy the property from the resale market. When deal seems to be too good to be true is because it probably is. These days it is very probable to buy a timeshare in a beautiful destination for a very low price. What the prospective buyer has to keep in mind is that by buying a timeshare, he has to assume the responsibility to pay the annual fees that are charged every year by the resort. Those fees do not stay fixed; in fact, they keep on rising each year. Also, the timeshare can be only used in a specific week of the year (usually in low seasons) and you cannot trade the location unless an upgrade is paid. Buying a timeshare is not an inversion, not even from the resale market. A timeshare is nothing but an expensive purchase that brings forth lots of problems and expenses. Timeshare Sales – The true factsNo matter if a timeshare is acquired directly from the company or in the resale market.Timeshare sales are never good news. While timeshare companies are only trying to sell their units without thinking on the consumer’s rights, the desperate owners are hoping to find someone that releases them from the annual fees. In you are stuck in a situation where you don’t know how to get rid of your timeshare, in Mexican Timeshare Solutions we offer you a free consultation on your timeshare matter, and we do not charge any fees until your contract is properly cancelled. Contact MTS today for a free advice and release yourself from your timeshare issues. Information to ShareIf you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how?
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