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Why do we keep falling for the common scam that someone will rent my timeshare weeks for a profit to help us offset the cost of the new timeshare? Timeshare sales reps are very convincing about it.
Common responses to why timeshares are easy to rent are the following:
- “Renting your timeshare is guaranteed."
- "The demand for rooms is greater than availability, so renting your timeshare will never be a problem."
- "The resort will handle the rental of your timeshare for you."
- "You can purchase a 2-bedroom lock-off suite, so that you can use one bedroom and rent the other bedroom to pay for your holiday."
- "You will receive several thousands of dollars per week for renting your timeshare."
- "The resort will send you a check for your profit from rental income."
If you have been coerced into purchasing a timeshare based on these promises, you are a victim of timeshare fraud.
In order to make their timeshare sales, the salespeople in several resorts make fraudulent promises that you can rent your weeks for unrealistic prices, such as $2500 US per week for a 1-bedroom suite.
Upon investigating online, many clients realize that the market value of their timeshares is often less than $500 US.
If you visit sites such as EBay, non-timeshare owners are able to rent weeks at the same resorts for a lower price than timeshare owners, so why would they pay exorbitant prices for something that they can purchase online for very little?
Sometimes, full-timeshare contracts that were purchased for thousands of dollars are for sale online for less than $500 USD, as many people just want to get rid of their financial obligations.
In addition, there is an overwhelming amount of rental availability, making it virtually impossible to rent the timeshare as promised by the salespeople.
The claim that rentals are guaranteed and there is a great demand for room rentals is another lie used to close timeshare sales.
To make matters worse, the resorts often rent weeks in their hotels for as low as $199 per week to entice people to come to the resort and purchase a timeshare.
The resorts state that they will help people rent their timeshare weeks for inflated prices, but then they practically give away weeks to entice more potential consumers into buying.
By doing this, they are creating a conflict of interest and continuing the vicious cycle of the timeshare scam.
Timeshare fraud victims are often persuaded into purchasing timeshares that are beyond their financial means with the intention of renting them out as a financial investment.
They are persuaded into purchasing a plan when they have no prior intention to do so.
Other times, clients are convinced that they should purchase more weeks or a larger unit than they need.
They plan to use the rental income to pay for their yearly maintenance fees, pay off the purchase price quicker, or make a profit.
When it is not possible to rent the weeks, they realize that they have entered into a contract that was not what they were promised, and they are unwillingly placed in a position of financial hardship.
Without the rental income to be able to pay for the maintenance fees, special assessments and monthly payments, many people are forced to default on their contracts and are sent to collections, which can negatively affect their credit score.
Timeshare fraud is a very serious issue, and can affect the client’s credit history for years, making it difficult for them to make other investments that could be beneficial for their financial situation.
At Mexican Timeshare Solutions, we dedicate ourselves to informing clients about potential timeshare fraud and scams.
We hope that if you are approached to buy a timeshare based on the rental income you will earn, you will avoid the purchase.
If what these salespeople promised was true, then millions of timeshare owners worldwide would be very rich by now; however, this is not the case.
The only people getting rich are the fraudulent timeshare developers and salespeople who take advantage of people who trust in them and want to invest in a potential business opportunity for their future.
If you purchased a timeshare as a financial investment, and it is not delivering the profits that you expected, please don’t hesitate to contact us.
We can help you to resolve your timeshare fraud issue by canceling your contract and refunding your investment!
To receive more information about timeshare rentals and how to cancel your timeshare, send a WhatsApp to +52 1 333 239 6589, fill out the contact form, or call us at +1 714 277 3662
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We acquired a timeshare thinking on a future, like an investment, we wanted to rent our membership but surprise ! all was a scam, Royal holiday ( own case) dont afford that , actually we are looking for a refund of our money !
Hola , tuve muy mala suerte o de plano soy una persona que no sabe decir no , ami siento que me estafaron , ya que de lo acordado durante la presentacion no resulto ser asi..no pude librarme de el y ahora estoy envuelta en una situacion en la que tengo que estar pagando un dinero qye no tengo , que puedo hacer?
High pressure yes, Scam, not so much. As long as you are able to say no you will not have a problem.
actually dont exist a solid way to feel free about a timeshare, timeshare business is so tricky, i know about people who had 1 or 2 timeshares and all resorts has the same complaints, timeshare sellers are so rude at the time when they want to sell you something, the pressure is so high, even that, the best way to avoid all that problems is no buying a timeshare
The worst error ever is to pay and advance payment, NEVER do that , the timeshares sellers are experts on this field and they gonna try to convince your mind and take away your money! quit that
Easy way to protect yourself from practically every Timeshare rental scam. NEVER PAY UPFRONT FEES no matter how great the offer sounds! anyone contacting you and asking you to pay any sort of upfront fee to sell or rent your timeshare is looking to rip you off.
Just my experiences…
I have owned timeshare and sold timeshare for 10 years. Clearly the best thing I have ever done for all of my loved ones. It’s not intended as a good financial investment, although neither is having children but we still do it because being a parent is priceless, so are the experiences and memories you have with them. That’s what it’s all about is the experience. The same reason why we go to events and restaurants, you can go to McDonalds and watch it at home or you can experience life and enjoy a hot dog and go to a game!
Timeshares are nothing but a SCAM! Like others I can find a better place on my own for cheaper than a time share. Best part is not having I deal with these idiots who sell them!
We could not afford to pay the dues anymore. The timeshare that we had stated in a letter that we would have to forfeit/surrend the timeshare if we didn't pay the dues. After contacting them and speaking to them, we surrender the timeshare with the understand that if we did this, the dues to would be forgiven since we gave it back. NOW, we get a letter from a collection department stating that we owe this money. What do I need to do?
I know i was scammed, i need to get rid of it as soon as possible, please! can you help me?
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