5 Myths About Buying Timeshares

Whether you own a timeshare, are thinking of purchasing a timeshare, used to own timeshare or find yourself in front of a timeshare salesperson, you're bound to come across some timeshare myths.  Here are the Top 5 I run into: 5 Myths About Buying Timeshares 1)  Timeshare is a less costly vacation alternative to renting hotels. In rare cases and when purchasing on the secondary market, this may be true.  For the majority of owners, you'll be paying more when you factor in the purchase price, annual fees and exchange/usage fees.  That's not necessarily a bad thing. 2)  Real estate based timeshare

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6 Timeshare Questionable Practices Targeting Seniors

While timeshares can be good for some people, sadly there are bad guys at every step of the way when it comes to timeshare matters. Unfortunately, seniors fall prey to these practices more often than other consumers. It’s imperative to keep your wits about you when dealing with timeshare matters. Here are 6 ways that unscrupulous individuals take advantage of seniors: Lying About How Your Heirs Will Be Stuck With The Timeshare Unless You Do Something Unless your heirs are actually on the timeshare deed or whatever form of ownership you have, they are under no obligation to accept the

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Quick Tips Before you Listen to a Timeshare Presentation

Quick Tips Before you Listen to a Timeshare Presentation

If you’ve ever sat through a timeshare sales pitch, you know that they can be high pressure. The sales staff has been trained to do one thing and one thing only—-influence you to purchase on the spot. Because of that high pressure, these sales pitches can be laced with, ahem, some misrepresentations. Here are the most common things that are misrepresented at timeshare sales pitches: Price Today vs Price Any Other Time This is the one that is used the most, often in conjunction with ‘quoting’ some State Statute. If there is such a statute, such as in Florida, it

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Protection from Timeshare Scams

Protection from Timeshare Scams

Unfortunately, seniors are often the target of timeshare scams.  Before you get into a timeshare investment nightmare, consider this solid advice. Follow these important tips so you don't fall for a timeshare scam: Never deal with anyone who contacts you first Never pay upfront to sell your timeshare Never pay anyone to anyone to get you out of a timeshare, except a vetted attorney Don’t buy more timeshare because the salesperson claims it will save you on annual maintenance fees Don’t fall for unsubstantiated claims that your children or grandchildren will be forced to inherit your timeshare unless you upgrade,

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5 Things To Avoid In Timeshare Matters

5 Things To Avoid In Timeshare Matters

If you are interested in purchasing a timeshare, here are 5 things to avoid: 5 Things To Avoid In Timeshare Matters  Buying anything under pressure or duress. Timeshares can be great for some people, however since the majority of timeshare contracts are in perpetuity, they are not to be entered into on a whim, or under pressure at a sales pitch. If you must sit through a timeshare sales pitch in order to take advantage of a discounted vacation package; listen, ask questions, be polite but remember that whatever price they might dangle in front of your face will be

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Guide to Purchasing Timeshares

Have you ever been to a Timeshare presentation and wondered if you should buy one?   Here are 7 things every consumer needs to know about Timeshares and Timeshare Presentations:  Purchasing Timeshares Don’t believe everything you hear This rule applies to Uncle Mark telling you that timeshare do not work because he was never able to trade to go anywhere else (perhaps because he owned in Kansas?) to the salesperson telling you that you’ll always be able to trade at anytime for any place. Location is key when talking about week-based timeshare if you want trade or exchange into different

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10 Reasons To Work With An Independent Timeshare Consultant

10 Reasons To Work With An Independent Timeshare Consultant

10 Reasons To Work With An Independent Timeshare Consultant You’ve “Googled” timeshare and come up with 15 million responses. Need a little help editing those responses? 2. How do you know which of the thousands of timeshares on the resale market is the best fit for your needs? How many timeshare sales pitches have you gone on? Do you know the “timeshare movie” by heart? Hmmm, the timeshare salesperson started by saying that the price was $40,000…by the time the manager came over, the price dropped down to $10,000. Did you find that confusing? Did you really believe the last

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Timeshare Owner's Bill of Rights

Timeshare Owner's Bill of Rights

It’s no surprise that I don’t think timeshare is sufficiently regulated. I think the laws, written by the industry, favor the industry.  Timeshare Owner's Bill of Rights Timeshare Owners Bill of Rights So, I’ve developed the following ‘Bill of Rights’ for both the prospective owner as well as the owner. It’s important to remember that these are not the law of the land, but what I believe to be important rights. How will these rights become law and not just my suggestions? Easy! You, the consumer need to start voting with your wallet. If a developer isn’t abiding by these rights,

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How the Timeshare Industry keeps you from Rescinding

How the Timeshare Industry keeps you from Rescinding

Everyone knows that in the US and most other countries, there are so-called consumer protection laws allowing a consumer to cancel or rescind the purchase of a timeshare and receive all of their money back. In the US, these rescission periods range from 3-10 days. How the Timeshare Industry keeps you from Rescinding Let’s forget for a minute that most timeshare developers make the consumer follow quite strict and sometimes arcane procedures to actually rescind. Let’s further forget for a minute that at least one well-known developer goes even further and actually hides any and all mention of the rescission period

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