subject: How Do I Get Rid Of Overpriced Timeshare [print this page] So, a great deal of consumers have been looking to get rid of their timeshares for quite some time. With market conditions at an all time low for timeshare property sales, several consumers have spent thousands of dollars to sell their timeshares to no avail. This has left a lot of people researching alternative methods to getting rid of timeshares. One of the best of these methods is timeshare resolution.
Timeshare resolution is the process of deeding a timeshare back to the developer based on discrepancies in the sales process and contract associated with the timeshare. Timeshare property elimination is the result of several Americans being upset with their timeshare property purchase. After studies showed that many timeshare property sales representatives were using forceful and aggressive sales tactics, the United States Government stepped in place to regulate the process. These days, timeshare property sales representatives have 52 rules they must follow when selling timeshares to consumers by law! Some of these rules include:
Timeshare sales representatives are not allowed to let Americans purchase a timeshare after a tour or sales presentation that lasts longer than 90 minutes: One of the first studies that was performed to asses the timeshare sales process was the psychological effects of holding consumers for a long time. These studies showed that if Americans talked about or looked at timeshares for longer than 90 minutes, they felt more of a sense of urgency to purchase the timeshare without rational thought. Therefore, to decrease the chances of Americans making rash decisions on false senses of urgency, it is unlawful for timeshare sales representatives to sell timeshare properties to people that have been involved in a tour or sales presentation for longer than 90 minutes!
Timeshare sales representatives are not allowed to insinuate good investments: Many Americans look for things to invest their money into. Hoping that their investments will grow, a lot of consumers invest thousands and thousands of dollars into luxury items. However, timeshares have proven to be toxic assets that will not yield much of a return if any. Also, it is widely understood that timeshare property sales representatives are not licensed financial advisors. With that said, it is illegal for a timeshare sales representative to insinuate that the purchase of a timeshare property is a good investment in any way.
Timeshare sales representatives are not allowed to rush the closing process: Many consumers who have purchased timeshare properties have experienced a situation where the timeshare sales representative was very polite and laid back during the tour. However, when it is time to sign the paperwork, some mild mannered timeshare property sales representatives start to act like sharks. Using statements like this may be the last chance you have to get this deal many timeshare property sales representatives create a false sense of urgency to rush the signing process. This is a blatant forceful sales tactic and is not tolerated by law!
