Timeshares Hardly Qualify As A Wise Investment
Check City, Blog, Holidays, March 20, 2013: The luring vision of vacations in the sun with your adoring family in tow bring you to a timeshare sales presentation where the sales agent attempts to persuade you into accepting the idea that buying a timeshare from this timeshare developer is a sound, financial decision. But is it? Let’s take a look at some of the high-pressure tactics taken by timeshare sales representatives:
1. You can save a lot of money by purchasing a timeshare.
Timeshare developers would like you to believe that buying their timeshare will save you money. In fact, it’s the farthest thing from the truth. Consider that you are creating a mortgage for a term which, when interest has been factored, will cost you up to double the initial cost of the timeshare. Then add the yearly maintenance fees which attach themselves to your timeshare in perpetuity. What you end up with is a vacation that you could have booked and paid for the same vacation as a non-timeshare consumer for what can sometimes prove to be a much cheaper rate.
2. Timeshares are a wonderful financial investment.
The sad truth is that timeshares rarely increase in value and, indeed, the majority become worthless over time. Not much of an investment.
3. The timeshare sales agent said that you could rent or sell your timeshares easily.
Timeshare rentals have proven to be quite difficult, if not impossible, to manage, even if your timeshare developer allows the practice. As for selling your timeshare, take a look at eBay to see the myriad timeshare properties for sale at next-to-nothing prices, their owners desperate to rid themselves of the crushing “forever” maintenance fees. But beware of timeshare reseller companies who abound in the marketplace, ready to take your money upfront with a promise of selling your timeshare. More often than not, you end up with no sale and wondering what happened to your money.
4. Perhaps your timeshare sales agent has told you that you can easily book or exchange your timeshare.
Availability always seems to be a sore point with timeshare owners. More often than not, the availability for what you wish to book is just not there, nor do you have enough points to get the time you desire. However, the timeshare developer is more than happy to sell you more points.
5. Buy now, because the offer is good today only!
We hardly need comment on this one, as it is a common tactic in many high-pressures sales presentations.
So what are we to glean from this? Firstly, it is important to state that purchasing a timeshare is simply not a wise investment for your future. Secondly, timeshares are very difficult for you to divest.
But what if you are a timeshare owner in need timeshare cancellation? Can it be accomplished? Yes! Consider retaining the services of a reputable timeshare cancellation law firm, such as the Aaronson Law Firm, to help you cancel your timeshare. Our attorneys stand ready to bring the expertise and pressure necessary to get your timeshare cancelled. It’s all that we do…