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Startling Timeshare Complaints You MUST Read Before You Sign

October 13, 2011 By

Timeshare owners have their share of complaints, and for good reason. If you find yourself tempted to buy a timeshare, consider the following before you make your decision. We could save you tons of money, time, and headaches.

What makes these complaints so startling is how commonly we hear them from people who want to get rid of their timeshares. Read and absorb the following information before you sign a timeshare contract.


“I was told I could exchange my timeshare weeks to a different resort than the one I purchased. Turns out I can’t.”

This is one of the most common complaints from property owners. During the timeshare sales pitch, buyers are promised that they can exchange their week to a different resort owned by the developer with no hassle. All too often this is not the case.

We have received countless reports from our customers reporting that after signing their contracts, when they try to exchange their weeks towards a different resort the developer tells them this is not possible. Some have even been told that the only way do this is through high fees or worse – the obligation to buy a second property!

“The salesperson told me my property would appreciate as time went on, but I am having to sell my timeshare at a much lower price than what I put into it.”

In order to make a timeshare sale, salespersons will stop at nothing to hook timid targets. One of the most popular methods for getting some one to sign a contract is to tell them that their property will increase in value over time.

This is an outright lie, and should be a warning to any one looking to “invest” in a timeshare. These rentals are not like most real estate, as they do not increase in value over time. With houses or condos, you might make additions or improvements that will increase the value of the property. As resorts own timeshares, and you cannot personally do anything to affect the value, it stands to reason that they will remain or depreciate. Either way, it’s out of your control.

“I was already having a hard time paying the maintenance fees, but they keep increasing each year.”

Maintenance fees are the ultimate bane of all rental property owners. The biggest reason is due to the fact that they are monthly expenditures, and they increase anywhere from 5-15% each year. You’re essentially paying monthly fees to pay for the upkeep of a property you only get to use one week out of the year.

Does it make sense to spend more money than you have to? We didn’t think so.

“The salesperson told me if I wasn’t satisfied with my timeshare as the days went on I could sell it back to them. I’ve tried, and now they’re telling me I can’t.”

Salespersons, again, will say anything they can to get you to sign on that dotted line. However, there may be some truth to that claim.

While you can’t sell a timeshare back to a developer directly, if you are within your rescission period you can simply break the contract without financial or emotional harm. The problem lies in that salespeople tend to gloss over rescission periods during the presentation – sometimes they skip over that portion of the contract altogether.

When this happens you can still sell your timeshare, but it takes some hard work and a lot of patience. The best failsafe against this situation is to never sign a rental property contract to begin with.

 

Filed Under: Buy Timeshare, Sell Timeshare, Timeshare Scams Tagged With: , ,

Timeshares at the Luxurious Planet Hollywood Towers Las Vegas

October 12, 2011 By

When picturing the future of Las Vegas, this property should be what comes to mind. With a sleek exterior that looms above the Vegas Strip, one would have to be hard-pressed to feel like anything less than royalty. This is just one of the many reasons why the Planet Hollywood Towers is one of the most desired timeshares in Las Vegas.

One of the things to look for in a Vegas resort is the opportunity to take a break from the “Neon Overload” the city is famous for, and the Planet Hollywood Towers has this in spades. The resort features numerous draws that most others cannot, the least of which being their luxurious Spa by Mandara. This top-tier retreat envelops guests in authentic Far East decorum, treatments, and serenity.

 

 

The Planet Hollywood Towers also features:

  • 9 restaurants on-site
  • On-site casino
  • The 170 shops at nearby Miracle Mile
  • Pool with Cabanas
  • Lobby Bar

Guests also receive their choice from four floor plans, each with their specific target audience in mind. These floor plans include unique amenities that increase in extravagance from tier-to-tier, from large-screen HD TVs to 8’ widescreen TVs accompanied by digital projectors. Each room comes standard with floor-to-ceiling windows that overlook the Vegas Strip, as well as AC, fully equipped kitchens, and marble laden bathrooms.

 

 

When looking for a timeshare in Las Vegas that offers comforts you can’t get anywhere else the Planet Hollywood Towers should be your first destination. Others treat you to a taste of luxury, but this resort plants you firmly in its lap.

If you would be interested in experiencing this one of a kind vacation – whether with family, with friends, or on your own – let one of our specialists in timeshare sales help you today. Check out our homepage and browse our list of resources. You’ll be glad you did.

 

Filed Under: Destinations, Family Travel, Travel, Vacation for Singles Tagged With: , ,

Timeshare Resales: A Smart Way to Buy Vacation Ownership in a Property

November 19, 2010 By

There used to be a time in the not–too-distant past when people simply could not afford to take off and spend time in such exotic locations as the Caribbean, Cancun or Hawaii. Now, through timeshare ownership, people can indeed make a yearly trip to their dream vacation spot.

Because the cost of building a second home seems impractical in today’s economy, people are using their resources towards buying timeshares instead. For family vacations, timeshares are ideal, especially if you want to enjoy the best accommodations your money can buy.

Timeshare resales are a good options too. These types of timeshares can be obtained for significantly less money than choosing to make a purchase from a developer.

In order to make a good decision though, you need to understand a little about some of the types of resales that may be listed on the market. Therefore, examine all the features and benefits of the timeshare before making a commitment. Don’t let any marketing tactics influence your choice.

Timeshare transactions come in the form of points, fractional ownership, weekly options, leasehold arrangements and deeded contracts. If you choose a plan with points, then you have a number of ways in which you can spread out the points that you are allocated.

For example, suppose you are given 8,000 points to use for your vacation. You can take, say, 5,000 of those points and use them towards a two-bedroom unit at a resort in Florida. The remaining 3,000 points can be spent on a smaller unit at the same resort, or you can roll them over for the next year.

If you obtain a plan where you enjoy fractional ownership, then you will usually sign a contract where you are part owner in an high-end resort property. The contract allows the owner of the timeshare to enjoy all resort amenities as well, including valet and concierge services and salon and spa treatments.

If you choose a timeshare with a fixed week plan, then you will schedule a specific week each year in which you’ll vacation. A floating week allows you more flexibility, as you can schedule your week anytime during the part of the year when you have access to the property.

Should you buy a timeshare in Mexico, then there’s a pretty good chance it will be a leasehold property. A leasehold interest permits you to hold  the timeshare for a specified number of years.

On the other hand, a deed allows you to acquire full ownership in your timeshare. Therefore, you can rent it as well as sell it, or bequeath it to someone in your will.

Keep all these factors in mind when you look at timeshare resales on the Internet. Knowledge is power for any buyer of a vacation ownership plan.

Filed Under: Timeshare Tips Tagged With: ,

Don’t Get Ripped Off when Buying a Timeshare: How to Avoid Being Scammed

November 19, 2010 By

Too Good to be True

Buying a timeshare is a good way to cut costs when it comes to vacations. However, the industry also has its share of scammers. If what a seller is offering sounds just too unbelievably good to be true, then it’s more than likely, you’ve met a scammer.

Caveat Emptor

For example, if he is willing to include such items as a new automobile into the deal, caveat emptor (Buyer Beware)! Of course, there are legitimate timeshare companies that add incentives, such as discounts, too.

Nevertheless, don’t fall prey to companies or sales individuals who offer you big-ticket items in the deal. Some travel clubs offer the aforementioned scheme in presentations. If you find yourself listening to this kind of sales pitch, exit the premises without delay.

Read the Fine Print

If you come across a salesperson who is way too pushy, then that should be a red flag as well. If the salesperson does not allow you adequate time to make up your mind, you should avoid having any further dealings with him.

Therefore, never sign a contract without reading over the terms first. Check the company out with Better Business Bureau. Even better, don’t sign any agreement until you talk to a legal advisor as to its legitimacy.

Take your Time before Deciding

If a company or salesperson says you will have to remit payment for any kind of incentive, then leave them alone. Your only obligation is for the payment of your timeshare contract, nothing else.

Unfortunately, there are some people who try to make money in ways that soils the reputation of legitimate business people in the timeshare industry. Therefore, whenever you are looking a timeshares, take your time to make up your mind.

Check out the Company

Salespeople should never make you feel pressured to buy a timeshare property. They should allow for a little time and distance. Keep away from anyone who does not offer this kind of courtesy. When you find a timeshare you are interested in buying, make sure you check out the background of the company.

Do your Research

Peruse any contract you are given, and, as stated, it’s best you go over the details with an attorney. Make certain you know exactly with whom you are dealing and their reputation.

The idea of enjoying a vacation at a fabulous resort can sometimes overshadow a person’s perspective. Therefore, to avoid any type of scam, do your research first. That way, you can make the transaction pleasant and your purchase a positive experience.

Filed Under: Timeshare Tips Tagged With: , ,

Do You Want to Lease or Buy your Timeshare?

November 14, 2010 By

If you are a first making the plunge toward timeshare ownership, you may not be aware that you can own or lease the property. You can also set up an agreement that gives you a right to use the real estate for an established time.

Most people, however, purchase a timeshare by deeding the property. People in the U.S. prefer to buy a timeshare this way. With a deed, you can show that you own a share in the real estate. Record of the transaction can be found in the county where the property is located.

With a deeded timeshare, you can use the property for vacation when you want, lease the share out to others and can even leave the timeshare to your heirs. Because you are the owner, you’ll need to pay the property taxes on the real estate.

If you choose to lease your timeshare, then you can have ownership on your vacation domain for so many years. Typically, the allotted time begins at twenty years and can be designated for as long as a whopping ninety-nine years.

Most people choose a lease that isn’t quite so long and exercise their right to renew the lease. One drawback to such a plan though is that you can’t pass the lease along to any heirs. A leasehold-type timeshare is only good as long as the holder is alive or until the time elapses on the share.

You can also choose a right-to-use timeshare as well. Like a leasehold timeshare, you cannot will this kind of timeshare to your heirs and you aren’t endowed with the privileges that come with ownership. The stipulations of the contract permit you to use a specifically-sized unit for an set number of years.

After the agreed time period, the unit will, once again, fall into the hands of the resort. People who choose this type of agreement merely want a timeshare that they can use for a short while and don’t want to assume the legal obligations that deeded ownership entails.

Most people who choose a deeded timeshare like to vacation at the same resort year after year. This type of plan is also popular among people who want a second vacation property and do not want to deal with the hassle of property upkeep.

Others like the leasehold arrangement as they don’t want to pay property taxes or closing costs but want a timeshare that they can use year after year. Individuals who choose a right-to-use timeshare want to experience a timeshare vacation and don’t wish, as stated, to make it a long-term commitment.

No matter which plan you choose, a timeshare is a great choice when it comes to vacation planning.

Filed Under: Timeshare Tips Tagged With: , ,