Tips On How To Protect Yourself From Timeshare Fraud
All of us are aware of a timeshare, one of the most popular investment options. With a timeshare, you can combine your investments with leisure in your busy life. A timeshare provides you with the feeling of spending a relaxing vacation in a beautiful place that you can somehow call yours. However, due to several fraudulent timeshare companies, protecting yourself from timeshare scams has become an even more vital concern.
Nowadays, usually tricky timeshare companies lure simple persons with their attractive sales pitches and fool them into their fraudulent strategies. Easy Timeshare Relief is famous for getting people out of such tricky timeshares in the smoothest way. Our experts have summarized these tips for you to stay protected from such timeshare frauds.
Stay Attentive For Hard Selling Methods
The first idea about timeshare often consists of a tricky, fast-talking salesperson who somehow tries to confuse you with alluring sales pitches. That is their strategy to keep you away from thinking whether the deal is suitable for you or not. Hence, they somehow force you to decide about buying the timeshare quickly. This way, most people often end up investing in a timeshare that they later regret buying. You are about to invest your hard-earned money so, don’t get trapped by such fake sales pitches.
Conduct A Pre-evaluation Of The Timeshare Resort
It is always the best practice to research a product by yourself. Otherwise, you will hear only the positive aspects with a lot of fakeness from the sales representatives. Getting a timeshare involves a large amount of your lifelong savings. Hence, research well about the timeshare resort and the reviews of their previous clients to get a clearer idea.
Don’t Believe In Quick Timeshare Resale Offers
It is another common scenario where you have already gotten into a tricky timeshare and now want to exit it. In such a situation, several scammers come up after the completion of your official timeshare cancellation period. They will offer you to get your timeshare resold in a flick in exchange for a large upfront payment. Also, many scammers try another trick where they don’t demand an upfront payment and ask for a series of bogus fees in between the fake reselling process. Keep in mind that all these reselling proposals are false, and you should avoid them as well as any fee to resell your timeshare.
If You Find It Too Good To Be True, It Probably Is
Sometimes you find the offers so good that you doubt that if they are for real or not. Some of the regular fake promises offered while selling timeshares are –
Negligible maintenance fees with a small hike rate.
Easy reselling procedure.
Great after-market value.
If you find any timeshare company is promising these things, be sure that they are faking it. Don’t let yourself get trapped by such fake promises.
Avoid Signing Even A Single Piece Of Paper At The Meeting
The fraudulent timeshare companies often try to get some contracts signed by you without providing any detail about them. It is their trick to get you trapped under some terms that totally favor them. Be an aware citizen and avoid any such thing. Whatever promises and terms they mention, get them printed in contracts and take those contracts with you but most importantly without signing them. Then take your time to read all the points of the contract, or better get them analyzed by a reputed timeshare law professional. Don’t make any mistakes to get your money and yourself trapped under tricky contracts.
Research About Everything
Whatever steps you take, the best step is researching every minute detail. And, in the era of the internet, it is a cup of tea to get every detail about anything. Hence, before proceeding with any timeshare company, check about the following carefully –
The timeshare company must have a valid license for real estate dealings.
Any legitimate timeshare resale company must have no complaints about them.
The company’s reputation can be known from their clients’ reviews.
Know about the common scams to stay more alert from them.
These are the steps you can follow to stay protected from any potential fraud regarding timeshare dealings. However, if you are planning to exit a tricky timeshare, contact Easy Timeshare Relief for the smoothest cancellation operation. Also, visit our blog page for more information on timeshares.