Three Ways to Avoid a Timeshare Scam

When you are in the market for a timeshare, it’s helpful to be able to find affordable timeshare rentals. There are often available timeshares being advertised by real estate agents as well as in ads on sites like Craigslist. You may be able to find a real estate agent that specializes in these condos. Many people like beach timeshare rentals so that they can get away to the water once or twice a year. It’s helpful to know how to get out of a timeshare as well in case you decide you don’t want to keep it.

There are companies that offer timeshare exit services to help you to sell your timeshare to someone else. You can also find a real estate agent to advertise my timeshare as being for sale. Some people are in the market for the resale of timeshares, and you can usually find a buyer as long as your price is reasonable. When you sell the timeshare, you will no longer have to pay any maintenance fees, but the buyer needs to know about these in advance. When you are able to sell your timeshare, you are free to vacation anywhere else you wish.

Unfortunately, there are many timeshare propositions that are not what they appear to be from the outset. Timeshare fraud, sadly, is a very big problem in our world today. In fact, in the last few years, complaints about timeshare sales and timeshare scams have grown to quite a significant degree, mostly because those who have bought into them do not recognize some of the most glaringly obvious signs that mischief is afoot.Timeshares can be a very nice way to spend some of your vacation time. Taking a little time off, whether with friends, family, or simply alone is something most of us need and desire but rarely are able to do. Timeshares can be very enjoyable if done right.

Timeshare is a $70 billion industry with a total of 1,547 timeshare resorts in the United States, alone. With the average price of a new timeshare coming in at $20,040, a great deal of money is being made in this form of real estate and, based on the manner in which these contracts are drawn up and executed, cancelling a timeshare can be very difficult.

If you find yourself in a situation where you believe you are being scammed by a timeshare contract, your best course of action is to contact a timeshare lawyer. A timeshare lawyer will go over your contract and help you come to a resolution you can live with.

Before calling a timeshare lawyer, though, here are three ways you can be proactive and do your best to avoid a scam, to begin with.

1.) Don’t sign anything right away.

If a salesperson asks you to sign something at the initial presentation, you can be sure that they are raising a red flag that you should be noticing. Often, timeshare companies offer something quite large in exchange for sitting through a presentation. There is nothing wrong with that, until the salesforce pressures you with a hard sell, sometimes making people feel as though they must sign a contract because they have no choice. You always have a choice. Always consider the deal and have your legal professional look things over before you sign.

2.) Talk to other owners.

If you are interested in a timeshare, always get a second opinion. The presentation might make everything seem like it is too good to be true. The way to find out if it is too good to be true is to talk to others who have bought in before you do. They will likely be honest with you, telling you what they like and what they don’t.

3.) Research which companies you should stay away from.

Any timeshare lawyer will tell you to stay away from the seemingly sure signs of a scam. Some of these sure signs include companies with 900 numbers to call, hard sell tactics in the initial presentations, and outrageously extravagant prizes for your attendance to a sales pitch.

Timeshares can be a really nice investment and a wonderful purchase if you know exactly what you are getting into. For as many contracts that are legitimate, however, there are as many or more that are absolutely not worth it. Take your time and choose wisely.