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Timeshare Properties

Timeshare Properties
20 Feb 2014
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Timeshare industry is known for being very susceptible to scams; however, timeshare properties are still a successful business for most resorts. In these times of rough economy, it is important to take care of our money, and timeshares are not in the way to achieve the financial security that we are all looking for. Learn more about timeshares and how to get out of the contract in case you have been scammed.

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Timeshare Properties

Contrary to what salespeople say, timeshare properties should never be considered as an investment, but only as a purchase and a vacation option.  A timeshare is a depreciating asset, which means that it loses its value as soon as you purchase it. In fact, timeshares are close to be financially worthless.

Time shares can be sold as a piece of real estate or use rights. The units are usually bigger than a regular hotel room, and most of them include two bedrooms, a kitchen and a living room. The typical form of ownership is the timeshare weeks program, in which the person owns a specific week of the year, but there are also other programs, such as the points-system, the floating time and the splited-week.

Controversy

Even though the industry is successful, there has been lots of controversy surrounding this concept. Some people love them, some people hate them, but the truth is that that there is no smoke without fire. One of the most common timeshare complaints is that the units are overpriced. The average price of timeshare properties goes from $15,000 to $20,000 USD, and you only can use it during one week every year.

Another common complaint is that the maintenance fees rise above inflation, becoming too high to be even affordable. On the other hand, others complaint about the tactics used by the salesmen to sell the units.  Typical tactics involve insults and a bunch of lies to dazzle the prospect buyers.

5 tips for the timeshare properties buyer

timeshare tips

Before embarking on buying timeshare properties, we recommend you to follow these 5 tips:

  1. Survive the high-pressure presentation: Yes, timeshare presentations are extremely high-pressure and the salesmen will do and tell you anything to get a sale done. Do not act in a hurry and ask as many questions as possible.  If you don’t feel comfortable during the presentation, just walk away.

  2. Know the numbers: Timeshare pricesare anything but cheap, and we need to highlight that the purchase price is not the only expense to cover. There are maintenance fees, trading fees, membership fees and many other costs involved. Do the math to find out if a timeshare is really what you are looking for.

  3. Do a research on the company: Many timeshare companies are known for having a dubious reputation. Do an internet research on the company to find out if it is a good option to purchase a timeshare.Look out for complaints, reviews and any other information that might be relevant for you.

  4. Talk to other owners: It is always good to find out personally what the current timeshare owners of the resort think about their purchase. However, just keep in mind that not everyone has the same needs. Look for an objective point of view to get your own conclusions about the product.

  5. Do not consider your purchase as an investment: This is perhaps what on the biggest mistakes that timeshare purchasers commit. Do not purchase a timeshare to make money out of it. It is almost impossible to rent it, and even so, it is not a good option to stay at for most vacationers, being that they could stay at any other resort for a cheaper rate. Also, the resale price will fall down abruptly.

How to get out if you’ve been scammed     

get out timeshare If you are a timeshare properties buyer, and you feel you have been scammed with your purchase, there is a reliable solution to get out of the deal. Timeshare cancellation is the way to go to finally cut every string attached to the resort.

At Mexican Timeshare Solutions, we offer each of our clients a free consultation with one of our associates to gather more information about your specific situation and advise you about how we will go about canceling your contract. Contact us today for your free consultation; we pride ourselves on achieving fast results with excellent customer service!

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?

What do you think about timeshare properties?To know more about timeshare sales visit:

Timeshare ownership

How to terminate ownership of a time share

timeshare sales

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26 Comments
  • TopchrnAugust 18, 2014, 7:25 am

    I agree with your view on timeshares

  • MeganJuly 28, 2014, 8:12 am

    PLEASE, do not buy a timeshare, they dont need your money they just want to keep robbing people!!!

  • JimJuly 7, 2014, 9:26 am

    it's so important to read this article, more than one fell into that scam!

  • ScammedJune 28, 2014, 11:57 am

    last year my wife and I were scammed by the grand mayan into buying a timeshare membership. We trusted them on the resale of our timeshare to pay for theirs and the rental of the weeks to be a plus income.

    Couple of months later we realized the painful truth. We were lied and scammed by the resort representative, fortunately we realized it before sending final payment.

    We then made an agreement with the company to get our contract cancelled and the deposit refunded, 2 months ago, but to date we are still waiting on the refund of the money. After several emails and phone calls we are now able to tell we were scammed once again.

    We have tried in the last month to get to upper levels within the company since the service rep that assisted us with the cancellation isnt responding anymore but NO ONE has had the courtesy to contact us back.

    I hope many people read this post and avoid going to the grand mayan timeshare presentations. They cannot keep their word, everything they do is to screw you more. Dont trust them.

  • ThomasJune 23, 2014, 8:57 am

    i agree, never never never consider a timeshare as a purchase, you will not have anything in return

  • ThomasJune 23, 2014, 8:57 am

    i agree, never never never consider a timeshare as a purchase, you will not have anything in return

  • PeterMay 30, 2014, 3:42 pm

    Many Americans and Canadians still don’t realize real estate is not regulated very much in Mexico. Sad, but true.

  • PeterMay 30, 2014, 3:42 pm

    Many Americans and Canadians still don’t realize real estate is not regulated very much in Mexico. Sad, but true.

  • EricaMay 23, 2014, 2:18 pm

    pensar antes de actuar es lo mas importante, y tambien no aceptar ir a presentaciones si no te tiene el deseo de adquirirlo, para no caer en tentaciones

  • Scott FisherMay 8, 2014, 11:09 am

    Why anyone would buy a timeshare is beyond me. What other expensive product would you buy on the spot without doing any research as to the claims the salesmen make. They have no resale value, you're locked in for the rest of your's and your heirs life, and you could probably stay where ever you want, when ever you want for less in the long run. Ask the salesman what's the last big purchase he made without researching it first, what's the resale value, why are there so many timeshares on ebay selling for peanuts, and what if you want out.

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