Home » Blog » Buy timeshares – What’s the big risk about it?

Buy timeshares – What’s the big risk about it?

Buy timeshares – What’s the big risk about it?
30 Jan 2014
23
Autor admin
Rating: 4.4/5 - 8

The timeshare industry keeps getting a bad reputation, and yet there are many people who still pay thousands of dollars for them. In fact, time shares are one of the top sellers in the hotel industry; however, that doesn’t make them a good purchase. Learn more about timeshare scams and why buy timeshares might not be a wise financial movement.

What is a timeshare?

Timeshare ownership, also known as fractional ownership or vacation club membership, is a very special type of ownership or use rights that several parties share.  Timeshares can be generally found in important vacation spots. In most cases, the resort owns the property, so your purchase is not legally considered real estate; you only own the right to use the resort during a specific week of the year.

Most timeshares are sold for weeks known as “intervals”, which mean you purchase a specific week of the year, to use it during a certain number of years. However, there are also other plans, such as the Points-program, in which you buy a certain number of points and exchange them for a specific room and length of stay.

59i0vXB-H80

Buy timeshares

Timeshare sales are extraordinarily successful in the travel industry, and a very profitable business for the resorts. Every timeshare unit is sold to 52 different people, one for each week of the year, and each week is sold for at least $15,000 USD, that means that the resort gets about $780,000 USD for each unit. That is without considering other expenses, such as the maintenance fees.

Nevertheless, many people buy timeshares, not because they wanted to, but because they were practically forced to it. Timeshare presentationsare particularly known for being misleading and high pressure, which is the main reason why most people feel they were scammed.

10 Reasons why NOT to buy a timeshare

buy a timeshare

These are 10 reasons why not to buy timeshares:

  1. You will have to pay expensive timeshare maintenance fees, which are likely to increase each year

  2. It will be extremely difficult to sell it, not to say almost impossible, being that the resale market poor is

  3. If a natural disaster occurs, or if there is a remodeling taking place at the resort, you will have to pay special assessment fees
  4. Timeshares do not increase in value, in fact, they devalue almost 70% at the moment that you first purchase it

  5. There are lots of hidden fees, and all of them need to be paid on time, whether you use your timeshare or not

  6. Doing a timeshare exchange is a difficult process, and perhaps it may be more trouble than it’s worth.

  7. Timeshare salespeoplewill tell you that you can rent your timeshare in case you don’t use it. What they don’t tell you is that renting your timeshare requires a lot of paperwork and the payment of extra fees.

  8. If you do not do your payments on time, they will send you to collections very quickly.

  9. Contrary to what you might believe, timeshare travel is expensive, being that you have to cover a lot of yearly fees

  10. They are definitely not for spontaneous traveling. You are attached to a specific week of a year

The best way to get out

Unfortunately, due to the misleading tactics used to sell timeshares, there are lots of people who have become a victim of a timeshare scam, and the best solution to get out of the trap is by cancelling the contract.

At Mexican Timeshare Solutions we strive to give back freedom to people who purchased timeshare under the wrong reasons such as the financial investment spiel. Call us for a free consultation on how we can help you cancel your timeshare contract. Remember, our service is risk free as we work based on results so you do not waste any money paid up front.

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/170-buy-timeshare/ on your favorite blogs and forums

 To know more about timeshares visit:

How to buy a timeshare      

Rules of timeshare cancellation

Timeshare Cancellation Rights                                  

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

Rate This Article
Write a comment How do you feel about this article?
23 Comments
  • joseph muffinJuly 14, 2014, 12:32 pm

    What's worst with these timeshare scams is that they victimized usually those owners who wanted to extract some amount even though they cannot recover the full cost before dumping their timeshare property. So, for some timeshare owners wanting to get rid of their units, beware!

  • Kelly EvansJune 30, 2014, 7:56 am

    Time share has a resale price if it was possible to find a buyer. Most of the people I know who have time share are happy with the holidays they obtain and know they cannot sell, even if they wanted to. Holiday clubs are simply membership clubs and ownership has no resale value as there is no entity (like a week’s holiday at a particular resort). Best to keep away from both unless you want to buy enough points to get six weeks winter holiday a year from the purchase of two weeks in a resort in July.

  • JamesJune 23, 2014, 8:59 am

    i think the maintenance fees are my only problem, i dont like to pay every year more and more, sometimes i dont even use my timeshare but i still have to pay for it

  • MaxJune 18, 2014, 8:52 am

    I must agree there are many different options to buy timeshares other than purchasing them directly from the resort. I would recommend buying from a timeshare resale site with a good reputation though instead of ebay, many people have been ripped off using timeshare auctions.

  • CamilaJune 1, 2014, 6:30 pm

    A mi me querian vender uno en dos mil pesos, estuve a punto de comprarlo pero a ultima hora me arrepenti. Ahora me alegro de no haberlo comprado.

  • JonathanMay 23, 2014, 2:22 pm

    simplemente el estar dando pie a ser estafado, es como acercarse a que les muerda el perro!

  • M E 2May 7, 2014, 12:34 pm

    I can't say that I know alot about them but ALL the financial things I have ever read have always said timeshares are a "what NOT to do."

  • XimenaMay 5, 2014, 9:15 am

    me llamo muchisimo la atencion lo de que se devaluan tanto y tan rapido, entonces el venderlo realmente al final no seria un opcion

  • MarianaApril 16, 2014, 3:06 pm

    antes de comprarlo hay que estar informado de lo que es, mucha gente piensa que ya teniendolo podra moverse a otros resorts con toda la felicidad del mundo, etc, pero no es asi

  • one who knowsApril 15, 2014, 2:40 pm

    one of the most annoying things about a timeshare: the hard sell. you go on vacation, only to have the folks wave a $75 giftcard or something like it "if you'll only take our quick survey." the quick survey turns lengthy (and you are wasting your own vacation time, which is worth way more than whatever prize they are "giving" you) and also pulls up a lot of your personal info that they oughtn't be sharing or going into. and if you don't accept the invitation initially, they will hound you all week. we finally took our room's phone off the hook because they were calling daily and often. i never wanted a time-share but through family circumstances, i have one now, and sheesh, i would advise against it.

Leave a comment and share your experience

Your E-mail and phone number will not be public .

captchaChange Code
Recomended for you
Should Mexican Timeshare Solutions help you today?

Our work is based on a Contingency Basis: NO RESULTS, NO PAY.

Contact us now: 888 275 3595