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Timeshares can be a good vacation option, but they can also be a big scam. Learn more about timeshare scams and how to protect yourself from them
Everyone loves holidays, and with the beginning of vacations, thousands of families and couples start looking for places to travel to.
Timeshares represent an option that is tempting for many vacationers and an opportunity for the resorts to sell timeshares, therefore, timeshare purchase scams are becoming more frequent, and people should be cautious about anything that sounds too good to be true.
However, not all timeshares are bad, and they are not for everyone.
Timeshares may be a good acquisition for those who enjoy traveling to the same spot every year, but definitely not for people who like to travel spontaneously.
The following paragraphs will describe what timeshare purchase scams are and how to avoid becoming a victim of one of them.
Timeshare Purchase Scams
Timeshare purchase scams are vacation properties that are sold in an unethical manner.
During holidays, many vacationers are approached on the streets to be invited to have a free breakfast and a free tour, among other gifts, if they accept to attend a 90-minute sales pitch.
This invitation is actually a hook to bring people to timeshare presentations.
There are people who enjoy attending timeshare presentations to get the freebies; however, it is very important to be extremely careful since these presentations are very high pressure and a considerable percentage end up signing a timeshare contract.
There are lots of timeshare complaints, and the industry has been negatively criticized because of the large number of scams that have been committed in the last few years.
Some timeshare companies are accused of using fraudulent tactics to sell holiday ownership, while others affirm that the units are overpriced.
Nevertheless, the biggest complaint about timeshares is that they are almost impossible to sell and that the resale value is incredibly low.
For more information about timeshare scam companies, visit our Black list of timeshare resorts.
Beware of timeshare scams
Contrary to what one might think, timeshare scams increase in a bad economy. As a result, it is essential to beware of the timeshare purchase scams that are committed by some resorts.
Regardless of how they are presented, timeshares are NOT a financial investment, and they need to be looked at as a purchase.
If you decide to attend a timeshare presentation or if you are considering buying a timeshare, you will know you are being scammed if you detect one of the following peculiarities:
- The promises made by the timeshare salespeople are too good to be true
- Timeshare salesperson is overly aggressive
- The sales pitch is extremely confusing and high-pressure
- Misleading advertising used by the sales representatives
- You are told your timeshare will be a good financial investment
To learn more about false statements told at a timeshare presentation, go to the article Timeshare scams: 8 common lies told at the sales presentation.
Tips to protect yourself
In order to protect yourself from becoming a victim of a timeshare scam, you must follow the following tips:
- Read your contract very carefully and understand all the terms and conditions established in it.
- Do not believe everything you hear, verbal promises are not valid if they’re not written in the contract.
- Know your timeshare cancellation rights before making any purchase.
- Leave the presentation if you feel you are being pressured
- Ask for details, know the type of timeshare that you are being offered
- Obtain written information about everything you are being told
- Know who you are dealing with. Research everything about the company before making any deals with it
- If you have any doubts, you better say No! It won’t hurt anyone
- Do not give your credit card information
To learn more tips, visit our article, "Timeshare Fraud: 5 Tips Timeshare Resorts Don’t Want You to Know"
Don’t be a victim! There’s a way out
Many people have become victims of timeshare scams during their vacation, which is not a reason to be embarrassed. A timeshare is a huge financial commitment, and not everyone is able to afford the timeshare maintenance fees.
Mexican Timeshare Solutions is a company that assists timeshare purchasers who feel they were scammed by fraudulent timeshare companies.
As specialists in the timeshare industry, we are committed to offering timeshare help in a fast, friendly and experienced service to clients. Contact MTS today for a free consultation on your timeshare matter and get ready to get a final relief from your timeshare.
To receive more information about timeshare purchases and how to cancel your timeshare, send a WhatsApp to +52 333 239 6589, fill out the contact form or call us at +1 714 277 3662
Information To Share
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another day, another scam, seems endless
I don't think all timeshares are a scam, you just have to be very careful about this, just look at the way the sale is made.
Compre una membresia de un tiempo compartido y perdi mis 12 mil dólares, los costos de mantenimiento anual se aplican arbitrariamente
todo es demasiado bueno para ser verdad con ellos, dicen miles de cosas, te prometen el sol y las estrellas y al final? NADA
Timeshares are wonderful, if you actually use them. I have had a timeshare since 1994. I use it every year and have stayed in some very luxurious condos for less than it would have costs to stay in a hotel for 7 days. It is well worth the money if you travel every year. Don't buy direct. There are tons of great deals on the internet.
mucho cuidado con ser estafados, estas cosas son reales, los vendedores de tiempos compartidos son tan insistentes que cuando te das cuenta ya firmaste
However I believe if timeshare companies would offer an exit solution where people would be able to get a decent amount of money back from their timeshare people would be more viable to buy. However I was able to get my timeshare to buy back my unit but I only got back around 9 cent on the dollar. In the end I just don’t believe the timeshare industry is going to do anything to fix this problem.
I’ve been to a couple of timeshare presentations. The salespeople can be very aggressive, and try to persuade you to make a decision on the spot.
My husband and I traveled to Las Vegas. We stayed at the Flamingo Hotel (happend on 22 December 2012). On our very first day, we never even step in to our room. We were approached at the lobby of the hotel with one of your representative. He asked for a $40 dollar deposit and promised a lunch for us. My husband told me that is fine, they will be selling us a vacation and it’s legitimate. They send us to another place, and after that a lady approached us to fill up some form…. for about a hour, no body talk to us… some people are arriving and keep arriving but they received good treatment by calling them one by one….
Well, I do not understand…. It’s an insult to us! I am thinking that you didn’t treat us good because you’re thinking that we do not have money to buy one of your vacations…
You know what, after what we experience… we will never buy any of your vacation and one thing we will not recommend you to any of our friends.
If you purchase a timeshare from a specific resort, chances are you are paying too much for it. If you absolutely need to buy a timeshare do it from one of those reselling websites or from ebay.
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