It is important that you understand all the aspects of timeshares before you even consider getting involved with one. From the sales presentations, to the maintenance fees, to getting rid of your timeshare – we have listed some things to be wary of.
Timeshares Can Become An Endless Pit Of Money
At each timeshare presentation, the sales representative will tell you that a timeshare is a fantastic investment. Something where the value is only going to increase, a fantastic holiday destination and something that can be left to your family for future generations. The reality is usually much different.
One of the great lies of timeshares is that they can be sold on for more than you paid for it. It is more likely that your timeshare will become an endless pit where you will continue to pour money, with little or nothing to show for it.
In many cases owners are almost willing to give their timeshares away for nothing, just to be rid of the maintenance fees and other issues associated with timeshares.
High Pressure Sales Tactics
Another common theme of timeshare sales is the high-pressure sales tactics and presentations that you will endure. The sales person will say anything and everything to get you to sign the contract for the timeshare where the downward spiral begins.
There have even been cases where customers have been kept in presentations for three-four hours and basically forced into signing timeshare contracts.
Timeshare sales presentations will draw in people from all walks of life – they do not discriminate as long as they get you to sign the contract and start spending money they are happy.
Don’t ever feel pressure into signing a contract. Always read every single line of the contract. Have it checked by a legal professional. And then and only then should you sign anything, but even then do it with great caution.
Mercantile Claims can help you exit your timeshare contract, if it was miss sold to you or if it contained unfair clauses. Please complete the form below and one of experts will be in touch.