When someone mentions timeshare at a dinner party, there is often a mixed bag of reactions, from those who simply love their timeshare and who vacation every year to the pessimists who say they are a waste of money and a blatant scam.
So why are there such polar opposite opinions when talking about timeshare?
Well, the answer is simple. Like any venture, you need to be very careful about exactly WHO is looking after your investment. Research indicates that the bad press surrounding timeshare can be traced back to the activities of small, emerging companies or even bogus sales groups set out to cheat honest people of their well-earned cash. It would seem that timeshare as a product is not the problem, but rather the authenticity of the timeshare company selling the units and the regulations that govern their operations.That is why most financial consultants advise potential timeshare owners to buy from a well established company, so as to avoid any unnecessary disappointments and monetary loses.
So, what are the advantages of owning with a long standing timeshare company?
Firstly, your investment is more secure when you buy from a recognized company as they have been years in the business and it is easy for you to research their background and read about their operation methods and track record. There are lower financial risks as it is very unlikely that they will go bust and you can be more confident about the longevity of your investment.
Expertise
You are also investing in their expertise. A reputable company comes highly recommended precisely because they are good at what they do and have been in the business for a long time. They know the best places to develop resorts and have the nose for a great investment. The tried and tested methods guarantee quality and you reap the benefits of their groundwork. If you ever wish to sell your timeshare at a future date, a property within a well established timeshare scheme is a far more attractive deal.
Great Choice
The more prominent your timeshare company, the more flexibility and choices you have. The larger timeshare companies have properties in the most luxurious places all over the world, which gives you the flexibility of being able to swap your weeks, should you so wish, in favor of different destinations without any trouble. Likewise, the chance of upgrading your timeshare as your finances develop is much greater in an established company as they are continually growing their property repertoire.
Finally, and perhaps most importantly, peace of mind is the best medicine when you are about to embark on an exciting life project. Buying your dream vacation property is a special moment and one that deserves the very best in assistance. With a trustworthy, established company you can be sure to receive a first-rate property, top quality service, and complete satisfaction.
Timeshare scams have been around since the beginning of the timeshare industry, but these frauds weren’t well known until recent years. What happen is that before there were not as many timeshare laws and regulations as there are now (as you can see on the article get out of a timeshare legally so many of the owners just resigned to the fact that they had to keep the timeshare they bought without thinking.
Timeshare fraud has been around since the timeshare idea was created, but they increase during poor economy. When times are difficult, timeshare owners are stuck with properties they can´t travel to or even afford. Desperate to recoup some money to pay for bills, they can easily become victims to scams artists pretending to be their timeshare salvation who will take upfront fees -as much as five number figures in some cases- but fail to fulfill their promise.
The timeshare industry has been into the lion’s mouth for the last couple of years, and it has generated lots of controversy and discussions in many forums and blogs on the web. However, since we’re living an economic downturn, anyone would expect that the timeshare sales collapse, but instead of that the sales seem to be increasing… but this comes with a trap: timeshare scams are increasing too.