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Are timeshares scams?

Are timeshares scams?
02 Apr 2013
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Timeshares are an OK option for travelers, nevertheless, timeshare scams have increased and people should be very cautious about anything related to them

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, it’s because shared properties have become a tremendously profitable way for resorts to sell real estate- mostly suites in important touristic destinations. On the other hand, despite the success, timeshares have gained a bad reputation. The question is: are timeshares scams? Find out reading the next paragraphs.

Are timeshares 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 claims, a vacation property should not be considered as a financial investment, in most cases, the customer has to pay an initial price and periodic timeshare maintenance fees, which are probable to increase each year, therefore, a timeshare should be only considered as a vacation option.  There are many complaints about timeshare, being the next ones the most common:

  •  Timeshares are overpriced
  • Timeshares depreciate over time
  •  Timeshares don’t deliver what salesmen promise
  • Timeshare maintenance and assessment fees increase very 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 assure 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 how do timeshares work? to know more about it.  

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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 hardcore 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. Being that 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 know the most fraudulent timeshares companies in Mexico.

are timeshares scams

A dead end for many

Are timeshare scams? – The truth is that Timeshare scams are increasing, and every day more victims fell for them. Fortunately, there are many solutions to get rid of an unwanted timeshare; however, the best way to dump a timeshare is by cancelling 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 a full advice on how to get out of timeshare legally and get a final relief from your vacation ownership.

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To know more about fraudulent timeshare companies visit our article: Timeshare Companies: The Truth About Them

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29 Comments
  • LilianaAugust 11, 2014, 9:58 am

    Claro que lo son!!! comenzando con todas las mentiras que dice el vendedor para poder hacerte firmar!!

  • Publius2kMay 3, 2014, 11:11 am

    In my opinion timeshares are inherently a scam.

  • AnnaApril 15, 2014, 7:34 am

    Timeshare resale treachery is all over the country. Florida has an ordinance that disallows these companies from taking money up front. The state attorney General of Florida, helped me get my money back. There are some very unscrupulous companies in California that need some kind of restrictive ordinance or law, with some kind of California State Attorney General action and, effective enforcement. I hate to admit I have fallen four times for various companies sales pitch. Each one sounds like the caller just left church and this is the real thing. No way they all lie.
    We need a California or Federal law/action. repayment to be required from those companies to those of us stupid enough in desperate times, to get involved with them.

  • EstebanApril 13, 2014, 7:56 pm

    lo sooooon, no por nada hay tantos testimoniales de gente que cayo en sus fraudes, cuidense!!

  • MarcelaMarzo 28, 2014, 3:11 pm

    yo creo que en parte la gente deberia estar conciente de lo que es y no comprarlo tan a la ligera

  • TravisMarzo 3, 2014, 9:50 am

    YES, timeshares are a biiiiig scam, messing with a timeshare is like playing with fire, and at the end you're going to burn

  • JamisonFebruary 12, 2014, 9:37 am

    In addition to the great information you have provided, I would like to add that the resale market for timeshares are significantly cheaper than buying them from the big hotel developers such as Starwood and Marriott. Often times on Ebay, I see them selling for 10 cents on the dollar. Just make sure you review the transfer fees and yearly maintenance fees to see if it makes sense for you.

  • DiscoStuFebruary 11, 2014, 1:03 pm

    Timeshares are not an investment. I think most folks agree.

    But further, they are not a tenable approach as a mechanism to travel and see the world. You can buy them for this purpose, just realize this is a fool’s errand.

    Better options, as in MUCH more mileage for the buck, same or better quality (same places in most all cases), more options, no restrictions, no obligations, etc. etc.

  • TomasFebruary 11, 2014, 2:47 am

    almenos podriamos intentar sacarle provecho al timeshare si es que esto fuera posible, pero tambien parece ser una opcion bastante complicada, no?

  • natsegalJanuary 31, 2014, 2:39 pm

    This could well be true but I’ve not seen a system in place to show people the difference between a legitimate operation and a scam. In Mexico, in my experience, the scams are rampant. Not knowing how to tell the difference, I avoid all time share pitches.

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