Timeshare Buying Scams

Timeshare buying can be an exciting experience. You have all types of vacation possibilities dancing in your head. Get-a-ways to exotic locations. Drinking drinks with little umbrellas in them while sitting on the white sand listening to the surf roll up to the shore. But there can be a dark cloud that could rain on all your plans. You may not receive all that you are entitled to. You may wind up paying far to much for what you do receive. Listen to this...

I fell into the timeshare buying trap. And I fell hard. I spent over $10,000 that I did not need to spend. And at that price I did not even get the best deal that I could have. Like everybody else that goes to a presentation all I wanted was the free weekend and my gifts. Don't make the same mistake!! Timeshare buying has hit a record high in terms of dollars spent and units sold. If you want to be part of that number then there are a few points to think about.

How did you wind up sitting at a timeshare presentation? Usually you received a mailer offering you a great weekend get away. And you think...How wonderful to be able to get away for free. Now here is an amazing statistic. As many as 25% of the people who hear a timeshare presentation wind up buying a timeshare. Is that incredible or what! You think you are going in to get a few free gifts and a weekend stay and wind up spending over $10,000. And not only have you spent the money but unless you paid cash the interest rates are incredible... How about 17%.

Timeshare salesman are excellent at what they do. They have you for several hours and just pound away at any weak spots that you may have. And many of the things you hear from a salesman are simply not true. Do not be fooled!! You cannot exchange a studio unit in the off season in the middle of nowhere for a two bedroom beach front in Hawaii. Not going to happen. Timeshare ownership does not have to cost anywhere near the prices the salesman want to charge. Remember this... Sales commission on timeshare can be as high as 40% of the purchase price. You are paying for their lifestyle.

So the bottom line is to be careful. Evaluate everything that you hear. Ask questions. Understand all of the paperwork. Realize that much of the sales presentation is not true. Read as much as you can to protect yourself. A few dollars spent on education could save you over $10,000.