Timeshare Scams To Avoid

Timeshare Scams To Avoid

Timeshare Scams To Avoid

The timeshare properties are very popular. Timeshare properties are a great opportunity to enjoy different resorts for vacation. Besides trustful timeshare companies, there are many aggressive companies in the timeshare industry. These companies can make timesharing a burden for timeshare owners. You can get trapped by timeshare scams if you are not aware of them. Below are some of the timeshare scams which you might encounter:1. If the sales department of the Timeshare Company is payed through commissions, there is a possibility that the sales person will use tricks to have you taking a decision in his favor. To convince you to purchase a timeshare, these sales persons will introduce themselves as experts, advisors, or even advocates. After establishing a friendly environment with you they will act as if they were helping you. Unfortunately, after they close the deal, you won't see them again. Do not trust them, the timeshare industry does not have any kind of experts or advisors.2. During your first meeting with a timeshare sales person, if you have shown unwillingness to go for the deal, the sales person probably spoke about tax benefits. In this situation, beware and double check what he says, because these tax benefits are in many cases a lie. Ultimately, you may have been asked by the salesperson to reconsider your decision. But remember, if you have taken the decision not to buy the timeshare, reconsideration is at your discretion. Don't feel pressurized. Be straightforward in communicating your No!3. If you are thinking about purchasing the timeshare membership, the salesperson will give you various options. He will put pressure on you, by saying that the points system will expire, only to close the sale instantly. For example, you will be asked to sign the contract as soon as possible, because according to them, the points system will change and you won't be able to get a good deal afterwards.4. The most common timeshare scam is the rental income; the timeshare company representative will try to convince you that this is a good reason to purchase a timeshare. However, you will probably never receive any rental income from your timeshare. So beware and make a wise decision.Timeshare scams are not limited to the above mentioned issues. It can also be related to tax incentives (you don't need to pay property tax), resale, etc. A few timeshare companies will even offer you to have a dinner party in a wonderful place. After dinner, you will be requested to sit in the presentation room. After the presentation, you will have a cup of tea, and in this friendly environment, you will be asked to sign the timeshare contract. In this situation, beware! Make wise decision and ask yourself: how much do I need this timeshare?

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