Timeshare companies started their operations in the United States back in 1974. The concept was well accepted by many entrepreneurs due to the big profits they could make, being that they could sell a room more than once to different owners. Then in the late 1980’s, several timeshare companies started to run in Mexico, Canada and other countries in America.
Timeshare scams have been around since the beginning of the timeshare industry, but these frauds weren’t well known until recent years. What happen is that before there were not as many timeshare laws and regulations as there are now (as you can see on the article get out of a timeshare legally so many of the owners just resigned to the fact that they had to keep the timeshare they bought without thinking.
What people complaint the most about timeshare companies is that it is nearly impossible to re-sell the unit, unlike what they were told by the salesreps. That means, once they signed the contract is like making a pact with the devil due to the enormous difficulty to give the timeshare away, in fact, many times the owner ended up losing more money being ripped off by several timeshare resale scam companies that are in operation.
Another common complaint is that the units are frequently overpriced. Companies ask for ridiculous amounts of money for a property you don’t even own entirely.
One more criticism is the maintenance fees. Owners are bound to pay expensive fees every year, even if they don’t use their timeshare weeks, and the worst part is that the fees keep increasing year by year, and this is also mentioned on the article timeshare complaints, among others.
The truth behind the big numbers
There are close to 7 million families in the world who own a timeshare. The global timeshare sales are over eight thousand millions of dollars per year, but the truth is that more than 50% of those families are struggling to get rid of their properties. Timeshares companies use high-pressure sales tactics to make people sign the contract, more of these sales tactics are described on the article Timeshare salespeople.
The salesmen consent the potential victims with lots of free gifts, such as meals, tours and even cash. After the “guests” feel comfortable and relax, the sales work begins by lying to them, telling them that getting a timeshare is a fabulous investment and if it comes a time when they don’t want the unit anymore it’s an easy task to resale it. The cordiality is gone.
Their biggest hurdle
Nowadays is becoming a harder challenge for the timeshare companies to maintain their timeshare sales increasing. People are gradually realizing that getting a timeshare is not a good deal nor an investment and that is a big hurdle for the timeshare companies, so they target people who probably don’t have much access to internet or any other kind of information. Also, they use alcohol as an incentive in their timeshare presentations in order to get the guests alcoholized. Trying to convince to buy a timeshare someone that is under the influence of alcohol is a lot easier than convincing someone that is not and can think objectively.
We’re not trying to tell you not to buy a timeshare ever, but we want you to be conscious about what companies do to keep increasing their profits, without caring for the consumer’s rights. We receive calls every day from people who have been scammed by a large list of timeshare companies and are desperate to solve their timeshare issue. At Mexican Timeshare Solutions we offer you a free advice on your timeshare matter without charging any upfront fee. Getting out of timeshare is viable and possible; you just have to contact us today and be prepared to give your timeshare away and finally relief yourself.
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To know more about Timeshares visit: Free Timeshare: The Trap behind the Offer