Do Not Get Conned by Fraudulent Timeshare Claims
If you attend a timeshare presentation, it is likely under the pretense of receiving a gift or prize for attending the meeting. While likely you will receive your gift, as much firsthand timeshare advice should be sought out so you will not be pressured or worn down into making a very costly mistake. I have provided three simple tips to take as valuable advice when attending these meetings.
1) Be prepared to stay longer than advertised
The way timeshare salesmen lure consumers to sales presentations is by offering a prize for a hearing a relatively short sales pitch. At a glace, the time required for these prizes is well worth attending the presentation. A great piece of advice when attending the timeshare meeting, or deciding to attend at all is understanding that the actual time of the meeting will be much longer than originally advertised.
This is one of the main ways in which timeshare contracts are sold to unsuspecting consumers. Once the attendees realize the meeting is taking too long, too much time is invested for the gift so they simply have to sit through it. An advertisement for a 90 minute presentation can easily turn into multiple hours. A cautionary word of timeshare advice: do not let the time wear you down. If you are doing this simply for the prize, do not let hours of exhaustion pressure you and wear you down to the point that you will blindly sign the timeshare contract, which is the very purpose of the length of time.
2) Ask for details and question their claims
Timeshare salesmen make all kinds of wild and enticing claims at any timeshare meeting. They act as if they are providing valuable advice, a great opportunity that you just have to get in on. However, these claims are often completely false, if not at the very least over-exaggerated. You will be told a timeshare is a great investment, you can rent out your timeshare, and they will even help you sell your timeshare if you decide to.
The next great piece of timeshare advice: question everything they say with great cynicism. Timeshares are typically a very bad investment with high fixed payments. Renting a timeshare is a difficult process, and selling a timeshare is even more difficult. Never blindly accept their timeshare “advice.”
3) READ the contract carefully
This piece of timeshare advice seems like a no-brainer, but you would be shocked to know how many consumers sign a timeshare contract without reading the details. In fact, timeshare salesmen count on it. Very few timeshare contracts would actually be signed if consumers followed this basic advice, because they would learn how bad of an obligation they are agreeing to.
Timeshare salesmen know they are making wild and deceiving claims, and thoroughly protect themselves in the timeshare contract. People conned into signing will likely decide that it was a bad decision in the first place and want out. The timeshare contract is precisely what makes this extremely difficult. Furthermore, the payments are inflexible and the timeshare company can take legal action if the buyer cannot pay. It is good advice to read anything before signing it, but this is especially true of timeshare contracts. You will likely find that timeshares are a very bad decision for you and your family.
Remember, if you follow this timeshare advice and keep all three tips in mind when attending the timeshare meeting, you will likely come out of the presentation with only a nice gift as compensation for your time, instead of a costly, binding timeshare contract.