Common Timeshare Scams
November 22, 2013
Before going into the details about some of the most common time share scams, it should be stated that time share as a concept is not a scam, rather there are dubious companies out there profiting in a fraudulent way from the guise of time share. In fact, time share can be an excellent investment if the model suits your vacation habits; therefore it is important to remember that if you buy with a reputable company with a great track record, there is very little chance of running into a scam.
Resale phone calls
Beware of any unsolicited phone calls from agents claiming they have found you a buyer for your time share. If you are not looking to sell, this is probably a scam. You will be expected to pay for the details of the buyer who mysteriously never answers your calls.
Gifts with a Catch
To make time share presentations attractive, all operators offer incentives which are usually genuine. However, if the incentive seems too good to be true, then it probably is just that! Some deliberate scams make you pay a high fee to have your free gift delivered and sometimes you simply never receive it if you don’t buy a time share.
Time Share Properties that Never Get Built
Another scam that can cost a lot of money and heartbreak is the pre-sale scam that encourages you to buy a property that has not yet been built. You hand over your money based on the prospect of your dream second home, but it never gets built or the company goes bust. The way to avoid this type of scam is to research the time share developer before even attending a presentation. The genuine companies will be obvious, even with a quick on line check.
Trade in Time Share Scam
Some people are tricked into buying a second time share or joining a timeshare points scheme on the premise that the time share company will sell your old property. If you are offered this service, you are very likely being scammed and you will end up being responsible for two timeshares. The genuine option you have is to add your time share to a vacation club and begin to exchange it for other destinations.
Who really benefits from a timeshare class action suit?
November 7, 2013
If you are considering a class action suit against a timeshare company then you really need to make sure that your case is legitimate and that you are certain the timeshare company are in breach of contract law. When the company is a genuine operator with an excellent track record like Disney, Villa del Palmar, RCI etc, then you need to have hard, fool-proof evidence, as it is only in very rare circumstances that companies like these would leave themselves vulnerable to lawsuits and legal action.
What is more commonly the case is that legal firms and online companies take advantage of timeshare owners who are unhappy with some clause in their timeshare contract, offering them full purchase refunds if they were to win the case. When the lawsuit is a collective representative action, it becomes more attractive to owners who are considering canceling their contract as the seeming cost is not as high as if you were to take legal action individually. What they don’t tell you is that you are not very likely to win and their fees will be paid regardless. So the real winners are the lawyers.
When you have experienced an organized timeshare scam, where you have been sold properties that will never be built etc then a class action suit would be a beneficial move. In those circumstances, contact a reputable lawyer who comes recommended and avoid adverts on the internet targeting timeshare forums.
Happy Timeshare Tips
August 12, 2013
Fractional ownership and timeshare is supposed to be a positive experience. Those who claim otherwise have usually been subject to a scam or some kind of intentional ripoff. Even so, it is prudent to think about the benefits and disadvantages before buying a timeshare. Take a look at the top tips below to make sure your purchase is a success:
Choose a destination where you would like to return on a regular basis and one that would appeal to others. You never know when you may want to rent or sell your timeshare for profit at a future stage and a great destination will make it easier to market your timeshare. The best tips for choosing a destination are to consider the amenities, restaurants and services close by. Is your resort near to downtown? Does it have its own beach access? Is there room for development in the future?
Choose a destination that has regular direct flights at great prices. This will make it easier to take full advantage of your property and makes traveling with the family much more comfortable.
Choose an Established Operator
Save yourself time and money by buying from a renowned timeshare company like The Villa Group Timeshare, preferably choose an operator that has years of experience. The benefit of opting for experience over new companies is that you reap the rewards of their expertise and avoid the risk of the company going out of business before you get chance to enjoy your unit.
How much can you afford?
There are many different levels of properties with a price for almost everyone with a credit card. However, it is preferable to be clear about what you can realistically afford to pay so that the seller can find the perfect property for your budget and necessities.
Make regular use of your property
It seems obvious, but the best way to enjoy your timeshare is by using it. Timeshares can be lent to family or even rented for profit. There is no need for your property to be left empty during your purchased week(s). Enjoy the fruits of your investment and make regular use of your timeshare.
Beware Timeshare Nightmare
August 11, 2013
Timeshare produces an array of different responses from owners who are really happy with their timeshare to those who have had a negative experience because of a deliberate timeshare scam. However, most timeshare operators are actually legitimate and there are a few ways you can avoid a timeshare nightmare as shown below:
Beware Timeshare Nightmare
Choose a timeshare company that has a great track record, like The Villa Group Timeshare.
Experience and expertise has a lot to do with your timeshare experience and a reputable company will make all the difference. Avoid new companies that have just begun and those companies who only have one resort or condominium. Making a simple Internet search will help you sort the legitimate companies from the scams.
The best way to avoid a timeshare nightmare is to know what you want from your vacations. If you like returning to the same location then a fixed week timeshare would be perfect for you, but if you like to go somewhere different each year you may want to add your timeshare to a vacation club or preferred access scheme. Nowadays you can exchange your timeshare for almost anywhere in the world, including cruise vacations.
If you think that your timeshare purchase is going to make you lots of money then you are on your way to disappointment. While you can indeed make money on vacation rentals or selling your timeshare at a later date, the return on your investment comes mainly from enjoyment and memories.
Another way to make sure that your timeshare does not become a nightmare is to keep up with your maintenance fees. These are essential to secure your investment and ensure that your property is in good shape when you arrive for your vacations. If you stop paying your fees you could be subject to legal action – a nightmare you definitely would want to avoid.