Timeshare Scams Are Back

Austin, Texas – The summer will be there soon, and all over the country American citizens are organizing their summer holiday. Some will choose to rent a resort for a week or two, others will visit relatives and others will simply stay at home. Some of them who have been used to visit a different place every year may be considering buying a timeshare.
In theory, a timeshare network gives the chance to buy only a portion of a property in one of the timeshare resorts, and to access the other timeshare resorts of the network for close to nothing.
Unfortunately, even if a few serious timeshare vacation networks deliver on their promises, many don’t and lead to frustration and anger for their buyers.

Mike Lerik, owner of the website SellTimeshareFast.org explains: “Timeshares are one of the most painful scam for American citizens. Thausends of people buy a timeshare because they dream of unlimited travel all around the world. But they just end up stucked in their timeshare every year. Even worse, they find out quickly that reselling their timeshare is a nightmare.”

For people considering buying a timeshare, SellTimeshareFast.org provide simple tips that help avoid the timeshare scam.
Here is a brief overview of some of them:

1. Timeshare is not a real-estate investment. Timeshare sales representative’s job is to sell. They are not financial advisors. When they come with arguments on investment opportunity or tax rebate, this is simply wrong, and shouldn’t be taken into account.

2. The timeshare exchange programs are rarely as favorable as it seems. Timeshare buyers should always check in details what the timeshare exchange conditions are. Otherwise, they may realize too late that what they expected was simply not the reality.

3. Maintenance fees are high and can’t be reduced easily. Whatever incentive or rebate programs have the timeshare networks, annual maintenance fees are always significant, and should be regarded as a net expense.

4. If timeshare buyers change their mind, cancellation is the option. All timeshare properties fall under the local federal law. A delay of 2 weeks is generally accorded to recent timeshare buyers, so that if they change their mind, they can simply cancel the contract.

Posted by Ron on Apr 9 2010. Filed under Featured News, Travel. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry