Is Timeshare SCAM? Realities of theTimeshare Industry
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The Timeshare industry is known for being very susceptible to scams. Year after year, thousands of people around the world feel they were scammed by a timeshare developer.
The reason why fractional ownership is successful, is that shared properties have become a tremendously profitable way for resorts to sell real estate, mostly suites in important tourist destinations.
On the other hand, despite their success, timeshares have gained a bad reputation.
Is Timeshare Scams?
Timeshares are not scams. A timeshare is a fractional ownership that you can use during a specific time of the year. However, regardless of what the salespeople claim, a vacation property should not be considered a financial investment.
In most cases, the customer has to pay an initial price and periodic timeshare maintenance fees, which are likely to increase each year, therefore, a timeshare should only be considered as a vacation option.
There are many complaints about timeshare, with the following being the most common:
- Timeshares are overpriced
- Timeshares depreciate over time
- Timeshares don’t deliver what salesmen promise
- Timeshare maintenance and assessment fees increase constantly
- They don’t guarantee a vacation. You don’t have to own a timeshare to travel
- Timeshares are not flexible, in fact, you are subject to numerous conditions and restrictions
- Timeshares are not easy to sell, in fact, it is almost impossible to sell a timeshare
- Timeshare weeks are very difficult to rent
Because of the numerous timeshare complaints, many people believe that timeshares are scams.
Before making any purchase, it is important to read your contract very carefully, ask as many questions as possible, research the company and understand how timeshares work. Visit our article on how timeshares work?. to learn more about them.
The Sales Tactics
Most timeshare companies are legitimate, but they are also known for using frightening tactics to sell vacation memberships.
Nevertheless, these sales practices are not really illegal, but they are without doubt unethical.
Sellers often encourage vacationers to attend timeshare presentations by offering them attractive prices and discounts, in fact, timeshare scams are easy to spot when the sales tactics are hard-core and high-pressure.
Even so, there are many people who enjoy attending timeshare sales presentations just to get the freebies, but a considerable percentage end up buying a vacation membership, even though that wasn’t their first intention, and very few of them know their timeshare cancellation rights.
Do not underestimate the ability of timeshare salespeople to sell vacation memberships.
They do this every day, and they do their job very well. That being said, timeshares are scams only when the sales tactics are unethical and high-pressure.
Also, do not believe everything you hear, if it’s not written in the contract, it’s an invalid affirmation.
To know more about fake promises told at timeshare sales pitches, visit our article Timeshare Scams: 8 Common Lies Told at the Sales Presentation.
There are many resorts that use fraudulent tactics to sell vacation memberships.
Visit our Black List of Timeshare Fraud Resorts to learn about the most fraudulent timeshare companies in Mexico.
A Dead End for Many
Is timesharing a scam? The truth is that Timeshare scams are increasing, and every day more victims fall for them.
Fortunately, there are many solutions to get rid of an unwanted timeshare; however, the best way to dump a timeshare is by canceling the contract.
Timeshare cancellation has many advantages, but the most important is that once the contract is properly cancelled, there are no further responsibilities attached to the resort.
At Mexican Timeshare Solutions, we care, and to prove this to you, we guarantee our results by offering you a contingency fee.
If we achieve the results promised, we get paid; if not, you do not spend any more money on your timeshare claim. This is our commitment to you.
Contact MTS for a free consultation and full advice on how to get out of timeshare legally and get a final relief from your vacation ownership.
To receive more information about timeshare scams 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
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