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The Timeshare industry has always given much to talk about; 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 such incredible controversy? Read this article to learn how timeshare sales agreements work, and why so many people want to get rid of them.
Timeshare Purchase
In order to get a sale done, timeshare salespeople tell the prospective 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 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 Agreement
A 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, for a certain number of years or for a specific number of weeks.
That means that the developer still owns the resort, so your interest would not be considered real estate.
Also, it is very likely that most of the verbal promises made during the presentation are not in the contract, and many of the agreements have no cancellation policy.
Reasons to Get Rid of the Sales Agreement
There are many reasons to get rid of a timeshare sales agreement; however, these are the most important:
- The timeshare maintenance fees increase considerably each year
- The chances of reselling the timeshare are almost nonexistent
- The timeshare was sold under deceptive sales tactics
- You will not be able to use it
- There are no possibilities for renting the timeshare
Timeshare Cancellation
The best solution to get rid of a timeshare sales agreement is by canceling 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 upfront fees.
To receive more information about timeshare sales agreements and how of canceling your timeshare, send a WhatsApp to +52 333 239 6589, fill out the contact form, or call us at +1 714 277 3662
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Leave your comment below and share your opinion with us.Are you having troubles with your timeshare sales agreement? To know more about time shares visit:
Timeshare agreement: Is it a fair contract?
the worst thing about buying a timeshare is that you're going to give them money for free because you'll never going to be able to use it
i bought a timeshare 2 years ago and i've tried to get rid of it since then with no success, can you help me?
hay que estar concientes que es muy muy muy complicado encontrar un comprador!!
lo que no me gusta es que practicamente se convierte en una deuda de por vida y muchas veces es muy dificil deshacerse de ella
We were caught by the timeshare scam, and the resale scam, then can you believe it? We were cold called by solutions, offering to register a claim for us with econsumer.gov to get our money back.
igual nunca respetan ningun tipo de acuerdo, dicen algo pero al final siempre hacen lo que mas les convenga
why you have to keep paying for something that you're not able to use??
No one in their right mind buys a timeshare as an investment.
I bought into the timeshare at Disney as a way to force me to take vacation…The points are use it or lose it. There is sufficient flexibility in the points system to allow for a varied vacation experience across the years. Over time I will save money compared to what i would have spent at those resorts if i had paid cash( An artificial and unfair comparison, BTW). I spent 20 years coming up with excuses why NEXT year was a better year to take that BIG vacation. I violated the fundamental rule: Pay Yourself FIRST!
NOW, We plan our vacation several years in advance in order to take advantage of all that time share have to offer.
The Investment is in yourself and your family…..and I am Liking the ROI!
if we are not going to be able to use it, why does the people keep buying that? i mean, clearly they don't have the right information and that's alarming
Why would you pay money for something most people never use and has a bad resale value
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