With the recession that recently hit everybody, we will also expect a more intense and high-pressured selling tactics from the timeshare salesmen. Owning timeshare may be considered a luxury in this economic climate. That is why some are unwilling to own one while some current owners want to get out of their timeshare contracts. With this, the timeshare industry employ better equipped sales reps who can make someone sign the contract despite the current financial challenges. However, some of these salesmen will deceive you with enticing offers that without your knowledge, it’s already a scam.
In this article, we will tackle these common timeshare sales scams. First, many sales reps will normally say that you can generate income by renting out your unit. This is a way for them to get you to justify making a purchase. Also, they will tell you that owning a timeshare is like owning a second home and you qualify for tax incentives. Timeshare properties do not qualify as a second home, and in the mostly in US do not hold any tax breaks. In addition, they will say that you can easily sell your unit when you decide to. Everybody knows how hard it is to resell a timeshare these days. Moreover, they will tell you that you can exchange your timeshare anywhere in the world for little and you can do it anytime you like. Actually, they are not for free and sometimes can cost more than your annual maintenance fees. The last one deals with the cancellation period. Many timeshare companies will not tackle this and not give you the real information concerning your rescission period.
Some timeshare owners were just misled and unaware of the forthcoming disadvantages of their purchase. After realizing several disadvantages, they try to get rid of their timeshares. Some even hire a timeshare transfer company such as the Transfer Smart just to get rid of such property. So, beware of the tactics of these timeshare salesmen if you happen to encounter one.