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Timeshare Sales Agreement

Timeshare Sales Agreement
22 Oct 2013
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Timeshare industry has always given much to talk, 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 an incredibly controversy? Read this article to know how a timeshare sales agreement 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 prospect 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 as 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.

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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, during a certain number of years, for a specific number of weeks. That means that the developer still owns the resort, so your interest would not be considered as real estate. Also, it is very likely that most of the verbal promises told 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 to resale the timeshare are almost non existent
  • The timeshare was sold under deceptive sales tactics 
  • You will not be able to use it
  • There are no possibilities to rent the timeshare

timeshare sales agreement

Timeshare cancellation

The best solution to get rid of a timeshare sales agreement is by cancelling 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 fees upfront.

Information to Share

If you liked this article, please help us to share this information to more people in order to avoid more timeshare scam victims. How?

  • Share this link http://www.timesharescam.com/blog/165-timeshare-sales-agreement/ on your favorite blogs and forums

 

Are you having troubles with your timeshare sales agreement? To know more about time shares visit:

Timeshare agreement: Is it a fair contract?

Leave your comment below and share this post on Twitter and Facebook to prevent others from becoming victims of timeshare fraud. 

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13 Comments
  • ErinMarzo 28, 2014, 12:38 pm

    why you have to keep paying for something that you're not able to use??

  • JayMarzo 26, 2014, 11:12 am

    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!

  • JamieMarzo 11, 2014, 2:05 pm

    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

  • TIREDINMarzo 11, 2014, 12:08 pm

    Why would you pay money for something most people never use and has a bad resale value

  • MarckMarzo 10, 2014, 8:55 am

    LIE, i have 2 years without using my timeshare.. i dont know what else to do

  • Carlos MartinezFebruary 11, 2014, 7:27 am

    Compré un tiempo compartido en Royal Elite, con un plan todo incluido que me dice mi vendedor que en junio 2013 estaba en 60 dólares. Recibí las tarifas de 2013, y ninguna es de 60 dólares, y ahora quiero cancelar por incumplimiento de contrato, me intiman con una carta ULTIMATUM a ver qué. Ya les contaré.

  • SalmaDecember 23, 2013, 9:42 am

    claro que las posibilidades son inexistentes porque, ¿quien querria seguir perdiendo su dinero? nadie deberia seguir comprando tiempos compartidos

  • MarinaDecember 15, 2013, 9:07 pm

    exactamente nunca se podra utilizar, dicen tantas mentiras que te convencen de todo y al final pierdes tu dinero, tu tiempo, todo

  • KitziaDecember 9, 2013, 9:49 am

    pongan mucha atencion y sean extremadamente cuidadosos al hacer algun trato con un extraño, ya he sido estafada y salir de esto ha sido un infierno

  • TaniaNovember 25, 2013, 10:56 am

    asi es, a mi me vendieron un tiempo compartido diciendome que seria una gran inversion, y que si algo iba mal ellos me ayudarian a cancelar, asi que no tenia nada que perder, y ahora que quiero deshacerme de el, simplemente me ignoran

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