Why the Timeshare Industry is seen as a scam
To many consumers who have little experience with the timeshare industry, the concept seems simple enough. The chance to have a vacation property in the meantime, with the opportunity of selling at a later date to make a profit may even sound enticing. Those who sell timeshares will certainly try to convince you of that.
Selling a timeshare is an extremely difficult process with little probability of success. This process usually begins with the realization that customers must bear the burden of the many negatives of timeshare ownership. This includes:
1) A high annual fee
2) Property taxes
3) Upfront fees
This is what leads most timeshare customers to eventually want to sell their timeshare. However, they soon learn that they cannot, and it is already too late.
Selling a timeshare is an extremely difficult process with little probability of success. This process usually begins with the realization that customers must bear the burden of the many negatives of timeshare ownership. This includes:
1) A high annual fee
2) Property taxes
3) Upfront fees
This is what leads most timeshare customers to eventually want to sell their timeshare. However, they soon learn that they cannot, and it is already too late.
Why Selling a Timeshare is so Difficult
Selling Timeshares
The main reason the timeshare industry has become so synonymous with fraud and scam artistry is the misleading way sellers represent the process of selling timeshares. Consumers are subjected to upfront costs, fixed payments, and fixed locations. Once timeshare buyers realize they are locked in, there is actually very little they can do on their own to break the chains.
The primary reasons for the difficulty in selling a timeshare comes from the market for timeshares. The wonderful market for timeshares that consumers were sold on is in reality extremely depressed.
The arduous process for selling timeshares should halt potential buyers until all the facts are gathered. Those who are stuck in a contract and are looking to sell their timeshare are best served by enlisting the help of a third party. Legal representation and companies who specialize in breaking timeshare contracts or selling timeshares are a consumers best bet.
The primary reasons for the difficulty in selling a timeshare comes from the market for timeshares. The wonderful market for timeshares that consumers were sold on is in reality extremely depressed.
The arduous process for selling timeshares should halt potential buyers until all the facts are gathered. Those who are stuck in a contract and are looking to sell their timeshare are best served by enlisting the help of a third party. Legal representation and companies who specialize in breaking timeshare contracts or selling timeshares are a consumers best bet.
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