Saturday, February 9, 2008

How to avoid a Timeshare Fraud

As with any investment, the likelihood of your investment of time ending in a fraud or swindle are very possible. A fraud or a scam can be devastating for you both financially and mentally. It may take a while for you to recover your reaction. Those of you who have already fallen victim to these scams and frauds notorious can understand the trauma they have experienced and suffered. That dream vacation that you may have been planning a long time ended up being a nightmare for you. But if you think you are the first person who has fallen victim to hold many more people may be hundreds of people who have been victims of this unscrupulous behaviour of some people.

As a matter of fact, time-sharing is one of the safest ways of living many popular vacation spots. How about a trip to the isolated geographical wonders of the world? What do you think is in a romantic beach getaway? Sounds interesting, but it is one of the marketing tactics used by fraudsters to attract people to think about buying a timeshare. In fact, this is his first victory in setting a trap for you. This does not mean that every time-share company that uses this tactic would be a swindler. The essence of which is to achieve and not impulsive precautious about him on the first trip. Always think and reflect before making a decision on buying a timeshare. You exercise the utmost restraint.

One of the criteria is important to the selection of a timeshare law. As a rule of thumb, always with a large number of well-established companies how long they have been in business for years. This way you know very well their history and reputation in the market. It is less likely that the fraud to a new person or a small business. This applies when it comes to the resale of timeshare ownership.

Many times the catchy style marketing techniques of these crooks can easily create red flags and you can avoid becoming a victim. First, it starts with an invitation to a timeshare presentation. They offer a gift if you attend the presentation that may seem expensive but actually is not. Sometimes it can also report that he has won a gift and you can claim it attended the presentation free. And then once they are its victims and attend the presentation, which becomes nothing more than a gimmick, which start using sales techniques and the pressure not let you go out unless they have to sign something like dealers selling used cars Saying "you are going to sell this car for this great price if you buy it today." They may say the property is just 5 minutes walk from the beach but in reality could be 15 minutes from the beach. Sometimes, the property might not be the same as described in his presentation taking advantage of the fact that nobody would go to Florida or Carolina to see the property before buying it. And, in some rare cases, the property may not even exist at all. What we learn from this is to read the fine lines printed on the invitation if they are sent one. Never again succumb to their pressure tactics and refuse to sign any document.
A much better idea is to consult a lawyer before signing any contract documents and see if all the promises made orally are being met or not. Do your home work before buying a timeshare by the investigation of market prices in the location you are buying. And also request contact numbers of previous clients. Be sure to call and find out everything you want to know about the company and its properties.

1 comment:

Anonymous said...

In order to protect yourself, avoid any person who approaches you inviting you to a free breakfast and a tour of the resort that you are staying at. This is the way they will attract your attention by offering free tours, gifts and many more prizes. Avoid them altogether because once you fall in their trap they will find a way of convincing you to purchase a timeshare no matter how unnecessary it is. http://www.timesharescam.com/blog/84-timeshare-presentation-free-breakfast/