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Timeshare Purchase Scams

Timeshare Purchase Scams
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Timeshares can be a good vacation option, as well as they can be a big scam. Learn more about timeshare scams and how to protect yourself from these frauds

Everyone loves holidays, and with the beginning of vacations, thousands of families and couples start looking for places to travel to. Timeshares represent an option that results temptress for many vacationers and an opportunity for the resorts to sell timeshares, therefore, timeshare purchase scams are becoming more frequent, and people should be cautious about anything that sounds too good to be true.

However, not all timeshares are bad, but they are not for everyone. Timeshares may be a good acquisition for those who enjoy traveling to the same spot every year, but definitely not for people who like to travel spontaneously. The following paragraphs will describe what timeshare purchase scams are and how to avoid becoming a victim of one of them.

timeshare purchase scams

Timeshare Purchase Scams

Timeshare purchase scams are vacation properties that are sold in an unethical matter. During holidays, many vacationers are approached on the streets to be invited to have a free breakfast and a free tour, among other gifts, only if they accept to attend a 90 minutes sales pitch. This invitation is actually a hook to bring people to timeshare presentations.

There are persons who enjoy attending timeshare presentations to get the freebies; however, it is very important to be extremely careful, since these presentations are very high pressure and a considerable percentage end up signing a timeshare contract.

There are lots of timeshare complaints, and the industry has been negatively criticized because of the big number of scams that have been committed in the last years. Some timeshare companies are accused of using fraudulent tactics to sell holiday ownerships, while others affirm that the units are overpriced. Nevertheless, the biggest complaint about timeshares is that they are almost impossible to sell, and the resale value is incredibly low. For more information about timeshare scam companies, visit our Black list of timeshare resorts.

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Beware of timeshare scams

Contrary to what one might think, timeshare scams increase in bad economy, as a result, it is essential to beware of the timeshare purchase scams that are committed by some resorts. Regardless of how they are presented, timeshares are NOT a financial investment and they need be looked up as a purchase. If you decide to attend a timeshare presentation, or if you are considering buying a timeshare, you will know you are being scammed if you detect one of the next peculiarities:

  • The promises told by the timeshare salespeople are too good to be true
  • Timeshare salesperson is overly aggressive
  • The sales pitch is extremely confusing and high-pressure
  • Misleading advertising used by the sales representatives
  • You are told your timeshare will be a good financial investment

To know more false statements told at a timeshare presentation go to article Timeshare scams: 8  common lies told at the sales presentation  

Tips to protect yourself

In order to protect yourself from becoming a victim of a timeshare scam, you must follow the next tips:

  • Read your contract very carefully and understand all the terms and conditions established on it.
  • Do not believe everything you hear, verbal promises are not valid if they’re not written in the contract.
  • Know your timeshare cancellation rights before making any purchase.
  • Leave the presentation if you feel you are being too pressured
  • Ask for details, know the type of timeshare that you are being offered
  • Obtain written information about everything you are being told
  • Know who you are dealing with. Research everything about the company before making any deal with it
  • If you have any doubts, you better say No! It won’t hurt anyone
  • Verify the company’s rating with the BBB.
  • Do not give your credit card information

To know more tips visit our article: Timeshare Fraud: 5 Tips Timeshare Resorts Don’t Want You to Know

timeshare purchase scam

Don’t be a victim! There’s a way out

Many people have become victims of timeshare scams during their vacation, which is not a reason to be embarrassed. A timeshare is a huge financial commitment, and not everyone is able to afford the timeshare maintenance fees.  

Mexican Timeshare Solutions is a company that assists timeshare purchasers who feel they were scammed by fraudulent timeshare companies. As specialists in the timeshare industry, we are committed to offering timeshare help in a fast, friendly and experienced service to clients. Contact MTS today for a free consultation on your timeshare matter and get ready to get a final relief from your timeshare.

Information To Share

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

  • Share this link http://www.timesharescam.com/blog/146-timeshare-purchase-scams/ on your favorite blogs and forums

 

Leave your comment below and share your opinion with us.To know more about purchase timeshare scams visit:

Purchasing timeshares under construction = Risky business

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30 Comments
  • RobertMay 28, 2016, 1:55 pm

    Purchase a timeshare is the worst thing that you could ever do , for own experience i highly recommend you to avoid timeshare presentations

  • Jordan T.September 16, 2015, 6:00 pm

    Si pueden invertir en algo que no sea tiempos compartidos seria perfecto , en mi opinion perdi mucho dinero por querer invertir en algo que pense que iba a usar, ese fue mi principal problema , que no pude usar cuando queria mi membresia que porque no estaba disponible y tenia que hacer un "upgrade" lo cual salia muy caro...

  • Roberto June 29, 2015, 11:39 am

    Many Times we want to invest in something that could change our lives, and yes, if you buy a timeshare your life is gonna change , on a negative way of course, so if you dont want any problems with timeshare, just avoid all timeshare stuff, good luck.

  • bwaJune 10, 2015, 5:04 pm

    I travel to various locations for my business and would like to use my timeshare in those locations instead of a hotel. Are the maintenance fees, taxes, and RCI conversion fees to use the properties in those locations deductible in this scenario?

  • FranOctober 27, 2014, 8:36 am

    The timeshare industry must perform a deep cleaning otherwise the industry will be severely affected because of the lack of trust. There are timeshre scam and timeshare cancellation stories of people who trusted their prayers would be answered.

  • am1October 20, 2014, 8:13 am

    With all these scams it really hurts the credability of everyone. I guess it is an easy market to scam people.

    My question is how do legitimate sellers make money on selling a worthless timeshare? Seems like money upfront is the only way to make it worthwhile.

  • SolAugust 25, 2014, 7:25 am

    To my mind, I think the timeshare industry is a fraud. When you think you're a victim of this fraud is when you have to contact professional people to help you with that scam and you must report this fraude. People need to make some noise about these fraudulent companies to avoid people fall in their traps.

  • ArmandoAugust 11, 2014, 10:02 am

    los vendedores son lo peor de todo esto, no toman un no por respuesta hasta lograr lo que buscan

  • jakeAugust 5, 2014, 12:47 pm

    I bought Mayan Resort in Mexico yesterday. If I rescind with in 5 days, can I reasonably expect to get the deposit back?

  • Allan ErpsAugust 2, 2014, 9:30 am

    another day, another scam, seems endless

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