Timeshares were first sold as fixed weeks. That means the owner had
the right to use the unit during a specific week each year. If the owner
wished to stay more than week, or bring along more people and guests,
he had to buy another week. Timeshares worked like this for a long time,
but being this system complicated and inflexible, came to need to think
on something new to attract more customers.
After, the fixed-weeks system, the floating time was introduced. With
the floating time, timeshare owners had the opportunity to stay at the
resort during a specific season, and the week period was no longer
fixed, but determined by a year season. Now, the points system is
gaining popularity. This article will explain more about the points
system and why are many timeshare points for sale
Timeshare resorts offer different plans to use their units. One of
the options is the points-based vacation plans. Learn more about this
system and why many owners want to sell their points.
In order to gain popularity and reduce its bad reputation, Timeshare industry
found itself obligated to innovate their timeshare systems. Nowadays,
there are different plans to buy a timeshare, and one of the most
popular is the points system.
Want to get rid of your timeshare points?
Regardless how timeshares are presented, either as fixed weeks program or points-based system, it is a fact that there’s a huge number of timeshare owners who want cancel their contracts.
If you are a points-type owner, and you want to get rid of your points,
the fastest solution it is not by listing your timeshare points for
sale.
Timeshares are hard to sell, and the most effective solution to get
rid of them is by cancelling your original contract. Mexican Timeshare
Solutions is a legitimate company that works under a contingency basis
and only collects fees if your contract is properly cancelled,
otherwise, no fee is charged. Contact MTS for a free consultation and
protect your credit score from future payments.
martes, 24 de febrero de 2015
Mexico timeshare scam
Beware of timeshare scams in Mexico: The second country with more timeshare developments in the world
According to recent tourism studies, Mexico is the second country in the world with more timeshare developments, which means timeshare industry is very strong in this country. To date there are over 500 resorts in Mexico operating as timeshare developers, and the number is still growing.
Every day, many vacationers are invited to a “free breakfast” and a “free tour”, this with the intention to sell them a timeshare. Although many of them accept the invitation with no intentions to buy, a considerable percentage goes out of the presentation with a new contract and with no idea of what they just bought. Learn more about the Mexico timeshare scam and how to avoid falling for a fraud.
Mexico Timeshare Scam
Tourism in Mexico is a very big industry; in fact, Mexico appears in the list of the 10 most visited countries in the world. With millions of tourists arriving annually, timeshare companies take this as the perfect opportunity to sell timeshares. From the airport to the streets, there are many timeshare salespeople, AKA, timeshare sharks, trying to invite vacationers to the resorts for a “free tour”.
Why are there more cases of timeshare scams in Mexico than in the US and Canada?
Mexico is a developing nation, and its economy relies heavily on tourism. With its beautiful beaches and surroundings, it should be easy to sell timeshares in Mexico, but because of the bad reputation the concept is gaining, it’s not easy to do it in an ethical way. Therefore, a big number of timeshare companies use fraudulent sales tactics to boost their sales, which is a Mexico timeshare scam. The government in Mexico is working on making more strength regulations regarding timeshares, but there are still many timeshare developers who do not respect the sales practices regulations.
Law and Regulations
Due to the increasing number of complaints about timeshares, on May 17, 2010; new regulations were established in Mexico. Some of these regulations are:
It is strictly forbidden the offering of any promotion such as free breakfasts and vacation certificates without informing the consumer the real purpose of the offer.
During the presentations, customers should be aware of their right to cancel the contract within 5 days since the agreement was made.
All verbal promises must be established in the timeshare contract.
All charges that are intended to be made must be clearly described.
Timeshare salespeople have no rights to harass people during their vacation.
Any Company that doesn’t respect these rules is committing a Mexico timeshare scam, and should be reported to PROFECO. Within 2 years, it is planned to reduce the number of timeshare sellers on the streets and to remove them from the airports, but those plans are not yet confirmed.
When you think it’s too late…
There are hundreds of people who have become victims of a timeshare scam in Mexico. Many of them have tried to contact PROFECO to solve their cases, but unfortunately, because of huge number of cases, their ability to assist timeshare defrauded customers is very limited.
If you have purchased a timeshare in Mexico, and feel that you were not given what you were promised, contact us at Mexican Timeshare Solutions for help. At MTS, our professional staff will work hard on your behalf to ensure that justice is obtained. Contact MTS for a free consultation on how to cancel your timeshare contract
According to recent tourism studies, Mexico is the second country in the world with more timeshare developments, which means timeshare industry is very strong in this country. To date there are over 500 resorts in Mexico operating as timeshare developers, and the number is still growing.
Every day, many vacationers are invited to a “free breakfast” and a “free tour”, this with the intention to sell them a timeshare. Although many of them accept the invitation with no intentions to buy, a considerable percentage goes out of the presentation with a new contract and with no idea of what they just bought. Learn more about the Mexico timeshare scam and how to avoid falling for a fraud.
Mexico Timeshare Scam
Tourism in Mexico is a very big industry; in fact, Mexico appears in the list of the 10 most visited countries in the world. With millions of tourists arriving annually, timeshare companies take this as the perfect opportunity to sell timeshares. From the airport to the streets, there are many timeshare salespeople, AKA, timeshare sharks, trying to invite vacationers to the resorts for a “free tour”.
Why are there more cases of timeshare scams in Mexico than in the US and Canada?
Mexico is a developing nation, and its economy relies heavily on tourism. With its beautiful beaches and surroundings, it should be easy to sell timeshares in Mexico, but because of the bad reputation the concept is gaining, it’s not easy to do it in an ethical way. Therefore, a big number of timeshare companies use fraudulent sales tactics to boost their sales, which is a Mexico timeshare scam. The government in Mexico is working on making more strength regulations regarding timeshares, but there are still many timeshare developers who do not respect the sales practices regulations.
Law and Regulations
Due to the increasing number of complaints about timeshares, on May 17, 2010; new regulations were established in Mexico. Some of these regulations are:
It is strictly forbidden the offering of any promotion such as free breakfasts and vacation certificates without informing the consumer the real purpose of the offer.
During the presentations, customers should be aware of their right to cancel the contract within 5 days since the agreement was made.
All verbal promises must be established in the timeshare contract.
All charges that are intended to be made must be clearly described.
Timeshare salespeople have no rights to harass people during their vacation.
Any Company that doesn’t respect these rules is committing a Mexico timeshare scam, and should be reported to PROFECO. Within 2 years, it is planned to reduce the number of timeshare sellers on the streets and to remove them from the airports, but those plans are not yet confirmed.
When you think it’s too late…
There are hundreds of people who have become victims of a timeshare scam in Mexico. Many of them have tried to contact PROFECO to solve their cases, but unfortunately, because of huge number of cases, their ability to assist timeshare defrauded customers is very limited.
If you have purchased a timeshare in Mexico, and feel that you were not given what you were promised, contact us at Mexican Timeshare Solutions for help. At MTS, our professional staff will work hard on your behalf to ensure that justice is obtained. Contact MTS for a free consultation on how to cancel your timeshare contract
Time shares, are they a good purchase?
Some people love them, some people hate them, but the truth is that
time shares are still one of the best selling products in the travel
industry, despite the bad economy.
There is lots of misinformation about time shares, yet appearances
deceive. What appears to be a “good investment” can become in one of
your worst financial enemies. Learn more about time shares and how to
use them properly.
Time shares
Fractional timeshare ownership,
better known as time shares, is a resort condominium unit, with a very
particular form of use rights. When buying a time share, you get to
share the right to use the property with 52 different owners, including
you.
A time share is more than a regular hotel room, since most of them
include over three bedrooms, a full kitchen and a living room.
Are time shares a good purchase?
Not all time shares are bad, actually, a time share can be a good
purchase for someone who does enjoy revisiting the same destination each
year.
However, vacation properties are not for most people, being that they
only seem to work for people with very specific vacation desires.
Time shares are not for people who like to enjoy trying a new
vacation spot each year, nor for people who like to travel
spontaneously, or families who do not use to stay at expensive resorts.
Some people love them, some people hate them, but the truth is that
time shares are still one of the best selling products in the travel
industry, despite the bad economy.
There is lots of misinformation about time shares, yet appearances
deceive. What appears to be a “good investment” can become in one of
your worst financial enemies. Learn more about time shares and how to
use them properly.
Time shares
Fractional ownership, better known as time shares, is a resort
condominium unit, with a very particular form of use rights. When buying
a time share, you get to share the right to use the property with 52
different owners, including you.
A time share is more than a regular hotel room, since most of them
include over three bedrooms, a full kitchen and a living room.
- How do time shares work?-
Time shares are generally sold for weeks, which are also known as
“intervals”, however, timeshare companiesoffer different plans, to give
the prospect buyer more purchase options:
Fixed Weeks: You purchase the right to use the unit during a specific week of the year
Floating time: You purchase the right to use the unit during a certain season of the year.
Splited-week: You purchase the right to use the unit for a week, but
in this case, you may split your week in two or three different periods.
Points-based system: You purchase a specific number of points, and exchange them
Before buying a timeshare, follow the next tips:
Calculate the total cost of the unit, including the timeshare fees.
Keep in mind that maintenance and assessment fees are likely to increase
each year. Then compare the results with the cost of a regular vacation
with similar accommodations on the same spot.
Visit the resort and talk to other owners to ask them about their experiences, and how satisfied they are with their purchases.
Do not act under pressure. The resort might look like a paradise, and
the promises might sound quite appealing, but don’t feel obligated to
sign the contract, take your time to think on the offer and find out if
it fits your needs.
Do not sign any document in a foreign language. Even if you speak and
understand the language very well, it is probably that you do not
understand the legal terminology.
Do an internet research on the company. Look for cases of scam and fraud, and how its reputation is.
Ask as many questions as possible during the presentation, and ask
for any written confirmation for all the promises made by the timeshare
salespeople.
Are time shares a good purchase?
Not all time shares are bad, actually, a time share can be a good
purchase for someone who does enjoy revisiting the same destination each
year.
However, vacation properties are not for most people, being that they
only seem to work for people with very specific vacation desires.
Time shares are not for people who like to enjoy trying a new
vacation spot each year, nor for people who like to travel
spontaneously, or families who do not use to stay at expensive resorts.
- Is a timeshare a good investment? -
No. It is very important to take into consideration that time shares
should never be considered as an investment, but only as a purchase. An
investment means the possibility of financial growth and resale, and no
one is likely with time shares.
I want out!
Unfortunately, the big scam about time shares is the way that timeshare sales are done. During timeshare presentations,
it is very common that the sales reps tell numerous lies to the
potential buyers, just to get them to sign the contract, and many of
them fall for the trap. The hardest part is that time shares are
definitely not easy to get rid of.
At Mexican Timeshare Solutions, we assist timeshare purchasers who
feel they were scammed. MTS is the only company that doesn’t charge any
upfront fees, if we cancel your timeshare contract we get paid, if not,
you don´t waste any money.
Contact MTS for a free consultation on how we can help you to release you from any timeshare obligation in a legal-reliable manner.
Timeshare Weeks
Surely you have heard about timeshares, as a way to stay at the world’s most popular vacation resorts,
for –what they like to call– an affordable price. On the surface, a
timeshare might seem like a good investment with an excellent value,
being that you get to share the expenses of the property with others.
However, when all the timeshare fees must be paid, you will realize that you could have saved more money by planning your vacations on your own. In this article, we’ll find out what timeshare weeks are, how they work, where to get them and how to get rid of them.
Timeshare ownership
Before going deeper in discussing what timeshare weeks are, let’s talk about timeshare ownership in general. A timeshare is a very particular type of ownership or use rights in a certain resort, which allows you to use the unit for a specific time every year, during a certain number of years –usually from 5 to 50.
Timeshare prices vary depending on several factors such as the brand of the resort, the location and the size of the unit, however, the average price of a timeshare is about $20,000 USD.
Timeshares are complicated products; therefore, they cannot be entered into lightly. Unfortunately, the timeshare industry does not have the best reputation. That is because timeshares are generally sold during high-pressure sales presentations, and most of the promises told by the timeshare salespeople are just illusory.
Surely you have heard about timeshares, as a way to stay at the world’s most popular vacation resorts, for –what they like to call– an affordable price. On the surface, a timeshare might seem like a good investment with an excellent value, being that you get to share the expenses of the property with others.
However, when all the timeshare fees must be paid, you will realize that you could have saved more money by planning your vacations on your own. In this article, we’ll find out what timeshare weeks are, how they work, where to get them and how to get rid of them.
Timeshare ownership
Before going deeper in discussing what timeshare weeks are, let’s talk about timeshare ownership in general. A timeshare is a very particular type of ownership or use rights in a certain resort, which allows you to use the unit for a specific time every year, during a certain number of years –usually from 5 to 50.
Timeshare prices vary depending on several factors such as the brand of the resort, the location and the size of the unit, however, the average price of a timeshare is about $20,000 USD.
Timeshares are complicated products; therefore, they cannot be entered into lightly. Unfortunately, the timeshare industry does not have the best reputation. That is because timeshares are generally sold during high-pressure sales presentations, and most of the promises told by the timeshare salespeople are just illusory.
Timeshare Weeks
Timeshares are regularly sold as a one-week program, which means that you purchase the unit for use during a specific week of the year. Most of the time, when you buy a certain number of timeshare weeks, the developer still owns the resort, which means that you only purchase the right to use your unit.
How does it work?
Every year has a total of 52 weeks, of which you can choose the one that meets your vacation needs better. The following chart shows the timeshare weeks of this year:
At Mexican Timeshare Solutions, we assist timeshare purchasers who feel they were scammed or taken advantage of by fraudulent salespeople and deceptive sales practices.
MTS is the only company whose fees are strictly dependent upon results.If there are no results, there is no pay; as simple as that. We will tell you what you need to know straight upfront; it is time for you to hear the true of the timeshare industry. Contact us today to get a free consultation and get rid of your timeshare problems!
However, when all the timeshare fees must be paid, you will realize that you could have saved more money by planning your vacations on your own. In this article, we’ll find out what timeshare weeks are, how they work, where to get them and how to get rid of them.
Timeshare ownership
Before going deeper in discussing what timeshare weeks are, let’s talk about timeshare ownership in general. A timeshare is a very particular type of ownership or use rights in a certain resort, which allows you to use the unit for a specific time every year, during a certain number of years –usually from 5 to 50.
Timeshare prices vary depending on several factors such as the brand of the resort, the location and the size of the unit, however, the average price of a timeshare is about $20,000 USD.
Timeshares are complicated products; therefore, they cannot be entered into lightly. Unfortunately, the timeshare industry does not have the best reputation. That is because timeshares are generally sold during high-pressure sales presentations, and most of the promises told by the timeshare salespeople are just illusory.
Surely you have heard about timeshares, as a way to stay at the world’s most popular vacation resorts, for –what they like to call– an affordable price. On the surface, a timeshare might seem like a good investment with an excellent value, being that you get to share the expenses of the property with others.
However, when all the timeshare fees must be paid, you will realize that you could have saved more money by planning your vacations on your own. In this article, we’ll find out what timeshare weeks are, how they work, where to get them and how to get rid of them.
Timeshare ownership
Before going deeper in discussing what timeshare weeks are, let’s talk about timeshare ownership in general. A timeshare is a very particular type of ownership or use rights in a certain resort, which allows you to use the unit for a specific time every year, during a certain number of years –usually from 5 to 50.
Timeshare prices vary depending on several factors such as the brand of the resort, the location and the size of the unit, however, the average price of a timeshare is about $20,000 USD.
Timeshares are complicated products; therefore, they cannot be entered into lightly. Unfortunately, the timeshare industry does not have the best reputation. That is because timeshares are generally sold during high-pressure sales presentations, and most of the promises told by the timeshare salespeople are just illusory.
Timeshare Weeks
Timeshares are regularly sold as a one-week program, which means that you purchase the unit for use during a specific week of the year. Most of the time, when you buy a certain number of timeshare weeks, the developer still owns the resort, which means that you only purchase the right to use your unit.
How does it work?
Every year has a total of 52 weeks, of which you can choose the one that meets your vacation needs better. The following chart shows the timeshare weeks of this year:
At Mexican Timeshare Solutions, we assist timeshare purchasers who feel they were scammed or taken advantage of by fraudulent salespeople and deceptive sales practices.
MTS is the only company whose fees are strictly dependent upon results.If there are no results, there is no pay; as simple as that. We will tell you what you need to know straight upfront; it is time for you to hear the true of the timeshare industry. Contact us today to get a free consultation and get rid of your timeshare problems!
Timeshare deals and promotions
Timeshares are one of the best-selling products in the hospitality
industry. There are thousands of units available and millions of people
have bought one. However, timeshares have been hardly criticized due to
the high-pressure tactics that are used by the salespeople to sell the
properties.
To improve their reputation, many timeshare companies, along with some travel agencies, have launched in the market numerous timeshare deals and vacation packages in order to attract new prospect buyers.
Timeshare deals
Timeshares deals are cheap travel offers and vacation packages (sometimes even for free), that usually go from 2 to 5 days. What makes these deals attractive are the prices, which are way lower than the ones from the competition.
These types of promotions always pop up when looking on the internet for cheap vacations and travel discounts, but they’re not only on the internet, just turn on the television, check your mailbox and your email address, and you’ll almost certainly find more of them
Last minute timeshare deal!
You probably have heard of these sorts of timeshare promotions before. Why would a timeshare resort give you a free weekend in a wonderful destination for free, or for a very low price? The answer is simple: because there will be some strings attached.
That means that you will have to sit through one of their timeshare presentations, and their main goal is to get you to buy a timeshare ownership.
Gee, I got caught!
There is nothing to be embarrassed about becoming a victim of these sorts of timeshare scams. Many people have fallen for these timeshare deals, but the good news is that there’s a way out in case you ended up buying a timeshare. However, it is still very important to do an internet research on the company before making any kind of deals with it.
At Mexican Timeshare Solutions, our goal is to assist timeshare purchasers who feel they were scammed or taken advantage of by fraudulent salespeople and deceptive sales practices.
MTS is a legitimate company with an A rating on the BBB, our associates have several years experience in the timeshare industry and are successfully able to resolve timeshare scam cases in an ethical and professional manner.
Contact MTS today for a free consultation and get rid of the financial burdens that your timeshare gives you
To improve their reputation, many timeshare companies, along with some travel agencies, have launched in the market numerous timeshare deals and vacation packages in order to attract new prospect buyers.
Timeshare deals
Timeshares deals are cheap travel offers and vacation packages (sometimes even for free), that usually go from 2 to 5 days. What makes these deals attractive are the prices, which are way lower than the ones from the competition.
These types of promotions always pop up when looking on the internet for cheap vacations and travel discounts, but they’re not only on the internet, just turn on the television, check your mailbox and your email address, and you’ll almost certainly find more of them
Last minute timeshare deal!
You probably have heard of these sorts of timeshare promotions before. Why would a timeshare resort give you a free weekend in a wonderful destination for free, or for a very low price? The answer is simple: because there will be some strings attached.
That means that you will have to sit through one of their timeshare presentations, and their main goal is to get you to buy a timeshare ownership.
Gee, I got caught!
There is nothing to be embarrassed about becoming a victim of these sorts of timeshare scams. Many people have fallen for these timeshare deals, but the good news is that there’s a way out in case you ended up buying a timeshare. However, it is still very important to do an internet research on the company before making any kind of deals with it.
At Mexican Timeshare Solutions, our goal is to assist timeshare purchasers who feel they were scammed or taken advantage of by fraudulent salespeople and deceptive sales practices.
MTS is a legitimate company with an A rating on the BBB, our associates have several years experience in the timeshare industry and are successfully able to resolve timeshare scam cases in an ethical and professional manner.
Contact MTS today for a free consultation and get rid of the financial burdens that your timeshare gives you
Timeshare Properties
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.
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.
Before embarking on buying timeshare properties, we recommend you to follow these 5 tips:
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.
Know the numbers: Timeshare prices are 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.
Do a research on the company: Manytimeshare 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.
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.
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.
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.
Before embarking on buying timeshare properties, we recommend you to follow these 5 tips:
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.
Know the numbers: Timeshare prices are 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.
Do a research on the company: Manytimeshare 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.
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.
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.
Timeshare Relief – Is it a trustable company?
Timeshare companies are
known for using unethical tactics to sell their vacation memberships.
Attractive gifts are usually offered to vacationers in order to make
them assist a timeshare presentation. Every year, thousands of people
around the world become victims of one of the biggest travel frauds that
have ever existed: The timeshare scams.
Getting rid of a timeshare is not an easy task, in fact, in could be almost impossible. Desperate to give away their properties, many timeshare owners become an easy target for more scammers. Timeshare Relief in one of the better known companies that claim to give away your timesharesuccessfully, but, is it a trustable company? We invite you to read this article to find out the answer to this question.
Timeshare Exit Companies
With a market full of many defrauded timeshare owners, there are many timeshare exit companies that claim to get you out of your contract. This could be great news for the people who have been scammed with the purchase of fractional ownership, if it wasn’t for the fact that most of these companies are just an extension of the original scam.
Timeshare companies are known for using unethical tactics to sell their vacation memberships. Attractive gifts are usually offered to vacationers in order to make them assist a timeshare presentation. Every year, thousands of people around the world become victims of one of the biggest travel frauds that have ever existed: The timeshare scams.
Getting rid of a timeshare is not an easy task, in fact, in could be almost impossible. Desperate to give away their properties, many timeshare owners become an easy target for more scammers. Timeshare Relief in one of the better known companies that claim to give away your timesharesuccessfully, but, is it a trustable company? We invite you to read this article to find out the answer to this question.
Timeshare Relief is a company based on Torrance, California. They claim to have successfully helped over 85,000 timeshare scam victims, and to provide their clients a 100% guaranteed solution. They help their clients, by removing their names from the contract and by transferring the title to someone else.
Timeshare relief is, per se, a timeshare transfer company. According to the BBB, there is an alert the business and a total of 17 complaints since March 10, 2013. The company is NOT BBB accredited. Due to the infraction of several laws, in 2012, Timeshare Relief had to pay a penalty of $13,950 USD.
A viable solution to get rid of your timeshare
We understand that you might be dubious about any company that offers a reliable solution to get you out of your timeshare contract. Many people have been scammed over and over again, without finding a final resolution to their problems.
Because of that, at MTS, we do not charge any upfront fees, we free consultations and work strictly on a contingency basis to provide the assuredness to clients that we will work on the client’s side. Contact us today for your free consultation and get ready to cancel your timeshare as soon as possible!
Getting rid of a timeshare is not an easy task, in fact, in could be almost impossible. Desperate to give away their properties, many timeshare owners become an easy target for more scammers. Timeshare Relief in one of the better known companies that claim to give away your timesharesuccessfully, but, is it a trustable company? We invite you to read this article to find out the answer to this question.
Timeshare Exit Companies
With a market full of many defrauded timeshare owners, there are many timeshare exit companies that claim to get you out of your contract. This could be great news for the people who have been scammed with the purchase of fractional ownership, if it wasn’t for the fact that most of these companies are just an extension of the original scam.
Timeshare companies are known for using unethical tactics to sell their vacation memberships. Attractive gifts are usually offered to vacationers in order to make them assist a timeshare presentation. Every year, thousands of people around the world become victims of one of the biggest travel frauds that have ever existed: The timeshare scams.
Getting rid of a timeshare is not an easy task, in fact, in could be almost impossible. Desperate to give away their properties, many timeshare owners become an easy target for more scammers. Timeshare Relief in one of the better known companies that claim to give away your timesharesuccessfully, but, is it a trustable company? We invite you to read this article to find out the answer to this question.
Timeshare Relief is a company based on Torrance, California. They claim to have successfully helped over 85,000 timeshare scam victims, and to provide their clients a 100% guaranteed solution. They help their clients, by removing their names from the contract and by transferring the title to someone else.
Timeshare relief is, per se, a timeshare transfer company. According to the BBB, there is an alert the business and a total of 17 complaints since March 10, 2013. The company is NOT BBB accredited. Due to the infraction of several laws, in 2012, Timeshare Relief had to pay a penalty of $13,950 USD.
A viable solution to get rid of your timeshare
We understand that you might be dubious about any company that offers a reliable solution to get you out of your timeshare contract. Many people have been scammed over and over again, without finding a final resolution to their problems.
Because of that, at MTS, we do not charge any upfront fees, we free consultations and work strictly on a contingency basis to provide the assuredness to clients that we will work on the client’s side. Contact us today for your free consultation and get ready to cancel your timeshare as soon as possible!
What is Rescinding a timeshare?
We all have experienced buyer’s remorse,but to buy timeshares
that are ridiculously expensive and practically worthless, must be one
of the most painful experiences for you and your pocket. However, there
is always a bright side, and in this case, the bright side is that there
is a way to get out of timeshare legally. Learn more on what is rescinding a timeshare, and how to do it efficiently and properly.
What is rescinding a timeshare?
Rescinding a timeshare is a legal way to cancel a timeshare contract, sometimes with the possibility to get your money back and usually within a certain number of days, this depending on the place where you purchased the timeshare. In Mexico, there is a 5 day cancellation period, and even though sometimeshare salespeople might ask you to sign away your right to cancel during the sales presentation, you still have the legal right to rescind.
Unfortunately, most people regret their timeshare purchase after the rescission period has expired, and that represents the beginning of a one on one battle with the resort to fight for the timeshare cancellation. Desperate to recover the money they have lost, timeshare scam victims become an easy target for other fraudulent companies that claim to be the solution to all of their problems.
If you feel you were scammed with your timeshare, it is time to rescind! Like thousands of vacationers in Mexico who are in your same situation, you do have the right to rescind, even when the rescission period has expired. We at Mexican Timeshare Solutions treat each case individually, 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, and get ready to rescind!
What is rescinding a timeshare?
Rescinding a timeshare is a legal way to cancel a timeshare contract, sometimes with the possibility to get your money back and usually within a certain number of days, this depending on the place where you purchased the timeshare. In Mexico, there is a 5 day cancellation period, and even though sometimeshare salespeople might ask you to sign away your right to cancel during the sales presentation, you still have the legal right to rescind.
Unfortunately, most people regret their timeshare purchase after the rescission period has expired, and that represents the beginning of a one on one battle with the resort to fight for the timeshare cancellation. Desperate to recover the money they have lost, timeshare scam victims become an easy target for other fraudulent companies that claim to be the solution to all of their problems.
If you feel you were scammed with your timeshare, it is time to rescind! Like thousands of vacationers in Mexico who are in your same situation, you do have the right to rescind, even when the rescission period has expired. We at Mexican Timeshare Solutions treat each case individually, 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, and get ready to rescind!
How do I know if I was a timeshare scam victim?
The sale of timeshare ownership
has become an enormously profitable way for resorts to generate
additional income. In essence, buying a timeshare means that you get to
share a vacation property with different parties, usually divided by 52
weeks. If you are interested in getting one of these properties, it is
very likely that you have to assist a sales presentation, where you will
be pushed at a certain point to sign a sales agreement. But, how do I
know if I was a timeshare scam victim? In the following paragraphs we
will tell you the most common lies said during timeshare presentations.
Timeshare scams: One of the most popular frauds in Mexico
Mexican timeshare fraud has been increasing over the last years, this according to PROFECO, the Government’s Consumer Protection Agency in Mexico. Only this year, from January to April, 478 complaints about 20 different timeshare companies have already been filed, but that is only the beginning. After the complaint is filed, it takes a long time to accomplish a conciliation of the case, and that is not always possible.
Before buying a timeshare in Mexico, it is very important that you get to know your timeshare cancellation rights. When you purchase a timeshare in Mexico, you have 5 business days to cancel the contract; this after the contract is signed. Another important thing to know, it’s that under the Mexican law, verbal promises are not valid if they are not written. Therefore, you should read your contract very carefully before you sign it.
Timeshare scams: One of the most popular frauds in Mexico
Mexican timeshare fraud has been increasing over the last years, this according to PROFECO, the Government’s Consumer Protection Agency in Mexico. Only this year, from January to April, 478 complaints about 20 different timeshare companies have already been filed, but that is only the beginning. After the complaint is filed, it takes a long time to accomplish a conciliation of the case, and that is not always possible.
Before buying a timeshare in Mexico, it is very important that you get to know your timeshare cancellation rights. When you purchase a timeshare in Mexico, you have 5 business days to cancel the contract; this after the contract is signed. Another important thing to know, it’s that under the Mexican law, verbal promises are not valid if they are not written. Therefore, you should read your contract very carefully before you sign it.
Timeshare Properties
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.
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.
Before embarking on buying timeshare properties, we recommend you to follow these 5 tips:
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.
Know the numbers: Timeshare prices are 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.
Do a research on the company: Manytimeshare 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.
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.
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.
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.
Before embarking on buying timeshare properties, we recommend you to follow these 5 tips:
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.
Know the numbers: Timeshare prices are 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.
Do a research on the company: Manytimeshare 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.
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.
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.
When can you cancel a timeshare contract?
Why should I cancel my timeshare contract?
For many years, the appeal of timeshare ownership in a hot vacation spot attracted millions of buyers. However, the industry has been gaining a bad reputation. The truth is that timeshares might be suitable for some people, but the big scam about them is that timeshares are being sold using unethical methods. As a result of this, there are thousands of timeshare owners who are willing to do anything to get rid of their units. When can you cancel a timeshare contract? Read this article to find out!
Time shares are an expensive purchase, and with the economy as it is in the current time, it is difficult to maintain one. These are some reasons why you should cancel your timeshare contract:
You will no longer have to pay any timeshares fees, such as maintenance and special assessment fees.
You will have the freedom to vacation wherever and whenever you want.
You will no longer have to deal with any threatening calls from the resort, trying to remember you to pay your fees
Forget about timeshare debt collections, your credit report will no longer be affected
You will not waste any more time trying to sell or to rent your timeshare, you will no longer be stuck with it!
Timeshare cancellation should be done as soon as you don’t feel happy with your purchase. If you experience buyer’s remorse just a few days after you signed the contract, you should know that there is a rescission period in every timeshare contract, which depends on the country where you purchased your timeshare.
In Mexico, there is a 5 business day cancellation period. If you are still under your rescission period, you should send the resort a certified letter requesting the cancellation of your contract. However, if the rescission period has expired, it is better if you look for legal help. Beware of Timeshare cancellation companies that ask you for an upfront fee to assist to in your case.
Contact:
www.timesharescam.com
Toll-free: 888-275-3595
Telephone: 714-277-3662
Mexico: 334-162-5467
info@timesharescam.com
For many years, the appeal of timeshare ownership in a hot vacation spot attracted millions of buyers. However, the industry has been gaining a bad reputation. The truth is that timeshares might be suitable for some people, but the big scam about them is that timeshares are being sold using unethical methods. As a result of this, there are thousands of timeshare owners who are willing to do anything to get rid of their units. When can you cancel a timeshare contract? Read this article to find out!
Time shares are an expensive purchase, and with the economy as it is in the current time, it is difficult to maintain one. These are some reasons why you should cancel your timeshare contract:
You will no longer have to pay any timeshares fees, such as maintenance and special assessment fees.
You will have the freedom to vacation wherever and whenever you want.
You will no longer have to deal with any threatening calls from the resort, trying to remember you to pay your fees
Forget about timeshare debt collections, your credit report will no longer be affected
You will not waste any more time trying to sell or to rent your timeshare, you will no longer be stuck with it!
Timeshare cancellation should be done as soon as you don’t feel happy with your purchase. If you experience buyer’s remorse just a few days after you signed the contract, you should know that there is a rescission period in every timeshare contract, which depends on the country where you purchased your timeshare.
In Mexico, there is a 5 business day cancellation period. If you are still under your rescission period, you should send the resort a certified letter requesting the cancellation of your contract. However, if the rescission period has expired, it is better if you look for legal help. Beware of Timeshare cancellation companies that ask you for an upfront fee to assist to in your case.
Contact:
www.timesharescam.com
Toll-free: 888-275-3595
Telephone: 714-277-3662
Mexico: 334-162-5467
info@timesharescam.com
Why are prices so low on the timeshare resale market?
Most timeshare owners that want to get out of their timeshares,
usually their first choice is to sell it, but selling a timeshare is
not as easy as it sounds and barely holds a financial value on the
resale market. On the other hand, the more savvy buyers have benefitted
from the low prices and huge selection of the timeshare resale market.
Read this article to know why are prices so low on the timeshare resale
market.
Buying a Timeshare on the resale market
You can find timeshares on the resale market for a lower price than the initial purchase price. But when you buy a timeshare on the resale market, you need to take in consideration that you don’t only have to pay the price, there are more costs involved, for example: the maintenance fees.
It is important to understand that timeshare is not an investment; you are only purchasing the right to use the property for a period of time.
Also read: Buy timeshares – What’s the big risk about it?
Selling a Timeshare on the resale market
As we know, there are no easy ways to sell a timeshare. One of the timeshare complaints is that they are almost impossible to sell.
Some people choose to sell their timeshares on eBay, but if you take a look, there are at least 1200 timeshare units listed, and the numbers are increasing every day. You can find timeshares for pennies, besides there is a big list of units.
Selling a timeshare takes time and is costly, that’s why many timeshare owners are scammed by timeshare resale companies. These companies ask you for an upfront fee, and as soon as they have your money, you won’t hear from them again.
Timeshares lose more than 50% of their original price at the moment timeshare agreement is signed.
The bad economy and the horrible reputation that timeshare properties have gained during years, represent the biggest difficulties when selling timeshares.
To understand why are prices so low on the timeshare resale market we need to know that the main reason is that the supply greatly exceeds the demand, which means it won’t be easy to sell a timeshare fast, and that’s why timeshare owners list their timeshares for a lower price than the original purchase price.
A big number of timeshare owners desperate to dump their properties because they can’t pay the maintenance fees or annual fees any more, choose to list their timeshares on the resale market. But the problem is that the resale value of the timeshare ownership is much less than the timeshare owner would expect.
The reality is that trying to sell a timeshare is nothing but a waste of time and money. If you are in this situation and need to give away of your timeshare, the best solution is to cancel the timeshare. Timeshare cancellation has many advantages, but the most important: no more payments.
Contact Mexican Timeshare Solutions for a free consultation in your situation, so we can explain you how we can help you cancel your timeshare contract, best of all, you don’t have to pay any upfront fees. You pay until you are free of timeshare, this is our guarantee.
Buying a Timeshare on the resale market
You can find timeshares on the resale market for a lower price than the initial purchase price. But when you buy a timeshare on the resale market, you need to take in consideration that you don’t only have to pay the price, there are more costs involved, for example: the maintenance fees.
It is important to understand that timeshare is not an investment; you are only purchasing the right to use the property for a period of time.
Also read: Buy timeshares – What’s the big risk about it?
Selling a Timeshare on the resale market
As we know, there are no easy ways to sell a timeshare. One of the timeshare complaints is that they are almost impossible to sell.
Some people choose to sell their timeshares on eBay, but if you take a look, there are at least 1200 timeshare units listed, and the numbers are increasing every day. You can find timeshares for pennies, besides there is a big list of units.
Selling a timeshare takes time and is costly, that’s why many timeshare owners are scammed by timeshare resale companies. These companies ask you for an upfront fee, and as soon as they have your money, you won’t hear from them again.
Timeshares lose more than 50% of their original price at the moment timeshare agreement is signed.
The bad economy and the horrible reputation that timeshare properties have gained during years, represent the biggest difficulties when selling timeshares.
To understand why are prices so low on the timeshare resale market we need to know that the main reason is that the supply greatly exceeds the demand, which means it won’t be easy to sell a timeshare fast, and that’s why timeshare owners list their timeshares for a lower price than the original purchase price.
A big number of timeshare owners desperate to dump their properties because they can’t pay the maintenance fees or annual fees any more, choose to list their timeshares on the resale market. But the problem is that the resale value of the timeshare ownership is much less than the timeshare owner would expect.
The reality is that trying to sell a timeshare is nothing but a waste of time and money. If you are in this situation and need to give away of your timeshare, the best solution is to cancel the timeshare. Timeshare cancellation has many advantages, but the most important: no more payments.
Contact Mexican Timeshare Solutions for a free consultation in your situation, so we can explain you how we can help you cancel your timeshare contract, best of all, you don’t have to pay any upfront fees. You pay until you are free of timeshare, this is our guarantee.
How to cancel a timeshare
Ever since the whole timeshare concept was created, the industry has been known for being very susceptible for scams. Timeshare ownership,
however, can be a good purchase for people who enjoy traveling to the
same vacation spot every year, but the truth is, that timeshares are not
for most people, nor an financial investment either.
Unfortunately, most timeshares are sold in a high-pressure environment. Timeshare salespeople take advantage of vacationers, especially of those who are less able to resist hard and misleading sales practices. If you, or someone you know, happen to be a victim of a timeshare scam, read this article to know how to cancel a timeshare contract properly.
Within the rescission period
Every timeshare contract has a rescission period, which will depend on the timeshare regulations of the place where the vacation property was bought. When purchasing a timeshare in Mexico, you have 5 calendar days to cancel your contract. When buying in the US; the rescission period will depend on the State where the purchase was made.
If you buy a timeshare, and you regret your purchase within your rescission period, the first thing you need to do is to write a letter (via certified mail) or an email to the resort requesting the cancellation of your contract. It is very important that you keep a copy of the letter as evidence that you cancelled on time.
After you send the letter, you should receive a prompt response from the resort, as well as a full refund of your upfront payment. If the company refuses to accept your cancellation request, contact the government consumer protection agency of the country where the purchase was made. Before you buy a timeshare, it is important to know your timeshare cancellation rights
When the rescission period has expired
Once the rescission period has expired, it becomes more difficult to cancel your timeshare agreement, but not impossible. Timeshare cancellation requires lots of time and negotiations with your timeshare resort and, and because of this, very few people can accomplish the whole process on their own, which usually takes from 3 to 6 months.
There are many timeshare cancellation companies that claim to get you out of your contract but after you pay an upfront fee, but this is only an extension of the original scam. Therefore, it is very important that whether you contact a timeshare lawyer or timeshare cancel professionals to assist you with your issue, that you do an internet research and investigate the company before making any formal deal with it.
Unfortunately, most timeshares are sold in a high-pressure environment. Timeshare salespeople take advantage of vacationers, especially of those who are less able to resist hard and misleading sales practices. If you, or someone you know, happen to be a victim of a timeshare scam, read this article to know how to cancel a timeshare contract properly.
Within the rescission period
Every timeshare contract has a rescission period, which will depend on the timeshare regulations of the place where the vacation property was bought. When purchasing a timeshare in Mexico, you have 5 calendar days to cancel your contract. When buying in the US; the rescission period will depend on the State where the purchase was made.
If you buy a timeshare, and you regret your purchase within your rescission period, the first thing you need to do is to write a letter (via certified mail) or an email to the resort requesting the cancellation of your contract. It is very important that you keep a copy of the letter as evidence that you cancelled on time.
After you send the letter, you should receive a prompt response from the resort, as well as a full refund of your upfront payment. If the company refuses to accept your cancellation request, contact the government consumer protection agency of the country where the purchase was made. Before you buy a timeshare, it is important to know your timeshare cancellation rights
When the rescission period has expired
Once the rescission period has expired, it becomes more difficult to cancel your timeshare agreement, but not impossible. Timeshare cancellation requires lots of time and negotiations with your timeshare resort and, and because of this, very few people can accomplish the whole process on their own, which usually takes from 3 to 6 months.
There are many timeshare cancellation companies that claim to get you out of your contract but after you pay an upfront fee, but this is only an extension of the original scam. Therefore, it is very important that whether you contact a timeshare lawyer or timeshare cancel professionals to assist you with your issue, that you do an internet research and investigate the company before making any formal deal with it.
How to buy a timeshare?
if you are someone who enjoys vacationing in the same spot during a
certain season of the year, then buying a timeshare might be an option
to take into consideration, but first you need to know how to buy a
timeshare properly in order to save thousands of dollars. Read this
article to know more about timeshare ownership and if it’s a good purchase for a regular traveler.
About timeshares
Timeshares remain a strong pillar of the travel and leisure industry. Timeshare companies offer numerous vacation plans, properties and memberships in order to sell each single one of their timeshare units, which constitutes an extremely profitable business for them, considering that each unit is sold to 52 different owners, at an average price of $20,000 usd.
Timeshare properties are regularly sold as a fixed weeks program. This means that you purchase the unit for use during a specific week of the year, and the truth is that most timeshares work this way. Even though there are other timeshare plans which are much more flexible than the fixed weeks program, such as the points-based system and the splitted-week, you will still be attached to the resorts regulations on how to use your timeshare and when.
How to buy a timeshare – Things you need to know
Follow the next steps to know how to buy a timeshare appropriately:
Be aware about the numbers: Timeshares are an expensive purchase, and a complicated product, therefore, they cannot be entered into lightly. The average price of a timeshare is $20,000 usd, that without considering the yearly fees. Be sure that you will be able to afford the unit. Be also sure that the resort (and the location) where you are buying has a good reputation and that it entirely pleases you.
Do not believe everything you hear during the timeshare presentation: Timeshare presentations are known for being extremely high-pressure and for using misleading sales tactics. You will be told that a timeshare is a good investment, that you can travel all over the world with it, that you can sell it easily, that you can rent your weeks in case you cannot use them. Those statements are not true. Ask as many questions as possible and be sure that all the verbal promises are written in the contract.
Be an informed buyer: Find out everything you can about fractional ownership: How it works, how much the maintenance fees are, how much they can rise, how robust is the resale market, how to cancel a timeshare, what are your timeshare cancellation rights, among other things.
Am I taking the right decision by buying a timeshare?
There are good timeshares out there, as well as there are people who feel happy about their timeshare purchases, especially those who enjoy to vacation at the same place and are not spontaneous travelers. Unfortunately, due to the big number of timeshare scams being committed against many vacationers, the industry has gained a terrible reputation.
You will be attached to the resort and to several terms and conditions in order to use your timeshare, and to be honest, you can find much better deals when planning your vacations on your own, with the freedom to go anywhere you want, anytime you’d like. Because of these explained above, we consider that buying a timeshare is not exactly a good financial decision, as there are many other options available to travel for a reasonable price.
At Mexican Timeshare Solutions, we assist timeshare purchasers who want to get rid of their vacation properties. Our associates have several years experience in the timeshare industry and are successfully able to resolve timeshare scam cases in an ethical and professional manner. Contact us for a free consultation on how we can help you cancel your timeshare contract.
Remember, our service is risk free as we work based on results so you do not waste any money paid up front. If you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how?
About timeshares
Timeshares remain a strong pillar of the travel and leisure industry. Timeshare companies offer numerous vacation plans, properties and memberships in order to sell each single one of their timeshare units, which constitutes an extremely profitable business for them, considering that each unit is sold to 52 different owners, at an average price of $20,000 usd.
Timeshare properties are regularly sold as a fixed weeks program. This means that you purchase the unit for use during a specific week of the year, and the truth is that most timeshares work this way. Even though there are other timeshare plans which are much more flexible than the fixed weeks program, such as the points-based system and the splitted-week, you will still be attached to the resorts regulations on how to use your timeshare and when.
How to buy a timeshare – Things you need to know
Follow the next steps to know how to buy a timeshare appropriately:
Be aware about the numbers: Timeshares are an expensive purchase, and a complicated product, therefore, they cannot be entered into lightly. The average price of a timeshare is $20,000 usd, that without considering the yearly fees. Be sure that you will be able to afford the unit. Be also sure that the resort (and the location) where you are buying has a good reputation and that it entirely pleases you.
Do not believe everything you hear during the timeshare presentation: Timeshare presentations are known for being extremely high-pressure and for using misleading sales tactics. You will be told that a timeshare is a good investment, that you can travel all over the world with it, that you can sell it easily, that you can rent your weeks in case you cannot use them. Those statements are not true. Ask as many questions as possible and be sure that all the verbal promises are written in the contract.
Be an informed buyer: Find out everything you can about fractional ownership: How it works, how much the maintenance fees are, how much they can rise, how robust is the resale market, how to cancel a timeshare, what are your timeshare cancellation rights, among other things.
Am I taking the right decision by buying a timeshare?
There are good timeshares out there, as well as there are people who feel happy about their timeshare purchases, especially those who enjoy to vacation at the same place and are not spontaneous travelers. Unfortunately, due to the big number of timeshare scams being committed against many vacationers, the industry has gained a terrible reputation.
You will be attached to the resort and to several terms and conditions in order to use your timeshare, and to be honest, you can find much better deals when planning your vacations on your own, with the freedom to go anywhere you want, anytime you’d like. Because of these explained above, we consider that buying a timeshare is not exactly a good financial decision, as there are many other options available to travel for a reasonable price.
At Mexican Timeshare Solutions, we assist timeshare purchasers who want to get rid of their vacation properties. Our associates have several years experience in the timeshare industry and are successfully able to resolve timeshare scam cases in an ethical and professional manner. Contact us for a free consultation on how we can help you cancel your timeshare contract.
Remember, our service is risk free as we work based on results so you do not waste any money paid up front. If you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how?
How to give away a timeshare
t’s a classic situation: You are on vacations, walking on the beach,
when suddenly you get approached by an enthusiastic salesman. He offers
you a free breakfast, discount coupons and a city tour, all you have to
do is to attend a 90-minute timeshare sales presentation. You immediately accept the offer; after all, what could be wrong about that?
Timeshares are clearly not for most people, however, they are constantly offered to anyone who is on vacations. Although there are lots of people who agree going to the presentation just to get the freebies, unfortunately, many of them end up falling for the trap. Read this article to know more on how to give away a timeshare.
Even though there are lots of timeshare owners who feel happy about their purchases, there are millions of others who regret having bought theirs and would love to know how to give away a timeshare.
The reasons to get rid of a timeshare are many. Several people feel they were scammed with the promises made by the timeshare salespeople. They were told their purchase would become an “investment”, or that they could rent it easily, which is very unlikely.
Nevertheless, not all timeshare purchasers feel they were scammed during the presentation. Some others want to get rid of their timeshares because they are not able to afford them anymore, especially on this struggling economy.
Others realize that they will not be able to use it for any longer, and other ones just get bored of vacationing at the same place every year. Whatever the reason is, they all want the same thing: to get out of timeshare contract.
How to give away a timeshare
A timeshare might be difficult to get rid of, but not impossible. These are 4 of the most common solutions on how to give away a timeshare:
Sell your timeshare: This would be the easiest solution to get out of a timeshare legally… if only the resale market wasn’t so poor. Timeshares are extremely difficult to sell, in fact, they are almost impossible to sell. There are over 600 timeshare units on the resale market for every prospect buyer.
Donate
Donate your timeshare: Timeshare donation to charity has a few advantages. Once you donate your timeshare, it won’t be your problem anymore, and you might get a small tax deduction for the charitable contribution.
Unfortunately, most charity organizations refuse to accept timeshare since they are not willing to clear off the outstanding debt, and even if the timeshare is paid in full, they wouldn’t be happy to pay the annual timeshare fees.
Give away
Give it to someone else: This should be considered as a last resort option. Find someone who is willing to take your timeshare off your hands and assume the financial obligations that come with it.
Cancel
Cancel a timeshare: This is the best solution to get rid of a timeshare efficiently. When a timeshare is properly cancelled, the financial obligations attached to the resort will be gone: no more threatening calls, no more debt, and no more maintenance fees. It is important, however, to cancel your timeshare agreement through the right professionals in order to avoid being scammed
Timeshares are clearly not for most people, however, they are constantly offered to anyone who is on vacations. Although there are lots of people who agree going to the presentation just to get the freebies, unfortunately, many of them end up falling for the trap. Read this article to know more on how to give away a timeshare.
Even though there are lots of timeshare owners who feel happy about their purchases, there are millions of others who regret having bought theirs and would love to know how to give away a timeshare.
The reasons to get rid of a timeshare are many. Several people feel they were scammed with the promises made by the timeshare salespeople. They were told their purchase would become an “investment”, or that they could rent it easily, which is very unlikely.
Nevertheless, not all timeshare purchasers feel they were scammed during the presentation. Some others want to get rid of their timeshares because they are not able to afford them anymore, especially on this struggling economy.
Others realize that they will not be able to use it for any longer, and other ones just get bored of vacationing at the same place every year. Whatever the reason is, they all want the same thing: to get out of timeshare contract.
How to give away a timeshare
A timeshare might be difficult to get rid of, but not impossible. These are 4 of the most common solutions on how to give away a timeshare:
Sell your timeshare: This would be the easiest solution to get out of a timeshare legally… if only the resale market wasn’t so poor. Timeshares are extremely difficult to sell, in fact, they are almost impossible to sell. There are over 600 timeshare units on the resale market for every prospect buyer.
Donate
Donate your timeshare: Timeshare donation to charity has a few advantages. Once you donate your timeshare, it won’t be your problem anymore, and you might get a small tax deduction for the charitable contribution.
Unfortunately, most charity organizations refuse to accept timeshare since they are not willing to clear off the outstanding debt, and even if the timeshare is paid in full, they wouldn’t be happy to pay the annual timeshare fees.
Give away
Give it to someone else: This should be considered as a last resort option. Find someone who is willing to take your timeshare off your hands and assume the financial obligations that come with it.
Cancel
Cancel a timeshare: This is the best solution to get rid of a timeshare efficiently. When a timeshare is properly cancelled, the financial obligations attached to the resort will be gone: no more threatening calls, no more debt, and no more maintenance fees. It is important, however, to cancel your timeshare agreement through the right professionals in order to avoid being scammed
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