Don't Fall for Timeshare
Timeshare used to be a lot more popular than it is now. Why? Because so many people got burned
owning a timeshare. When you visit a ski resort or a vacation spot, you are likely to be enticed into attending a
timeshare presentation in exchange for free vacations, freebies, free tickets for your favorite attractions or even
Why so many people fall for timeshare?
If you walk down the street and someone is flat out handing you some cash, say $100, wouldn't
you at least ask what you have to do? People who sell timeshare know that an average person wouldn't say no to free
money or free things that they already want and they capitalize on that. Say, you stop and ask what the catch was
and find out that all you have to do is attend a 1 hour (or even 30 minutes) presentation where a popular resort
will show you their facilities. Sounds good, right? Most people think so. You get to keep the $100 cash for free
and get to see the beautiful resort. It only takes an hour. You don't have to give out your credit card number
or even real information about where you live or your name. Since it seems risk free, a lot of people say 'ok' and
the next step is that you have to turn up at the presentation to get your $100. No obligations, no questions
The downfalls of timeshare freebies
Here are some facts that the timeshare dealers fail to tell you.
You will only get your $100 or any other freebies at the end. That means you have to hear the whole
Presentations are not just a tour of the resort but heavy (very heavy) straight sale pitches that the
sales person will tire your ears out to get you to sign up. They will use all sorts of sales tactics
including intensive pressure selling for you to buy today and not go back and think about it. All sales
persons there will make commissions only if you sign up so imagine how hard they will try to get you to
Most of the time, the sales rep can give you incorrect information. It is then up to you to read the
contract because if you later call them to say that you weren't aware of certain things and that their
sales rep misinformed you or misrepresented the products, all they will do is refer to the huge stack
of the contract that you signed and wouldn't do anything else to help you. Why? Because that is the way
timeshare works. If the are nice to everyone then they wouldn't make any money since if people really
know how difficult it is to benefit from their timeshare, most of them would quickly want out.
There will be pressure selling that will be more and more attractive until you say yes. You may even
win a cruise, many free vacations etc on the way. However, when you try to claim them, the timeshare
place will say that you will get the information in the mail. If you do not (likely) you will have to
call them and they will give you a run around until you eventually leave them alone.
Most people who own timeshare fall for the sale tactics and end up not using their timeshare. They end
up wasting a large amount of money and gaining nothing.
The price of the timeshare may be small (a few thousands) but the maintenance fee will be large ($500 a
year). Most of the time, you will be sold on the price of the timeshare which is small. The maintenance
fee will be rarely discussed if not asked. Why? because if people know that they have to pay $500 every
year to keep the timeshare, they may want to spend that elsewhere such as on their actual vacation!