January 29th, 2010
Avoiding Timeshare Tactics That Harm Your Bottom Line
The most common way that people are sold timeshares is the infamous presentation. If you’ve ever been to a resort, you’ve probably been solicited to sit through a sales presentation, where you are given a pitch to buy blocks of time at that resort. Inevitably, you’re promised many things, including lavish benefits, great accommodations, ideal pricing, and best of all, fun. And many do enjoy their timeshare purchases for years to come. The best way you can ensure you don’t have any buyer’s remorse is to be smart about your purchase.
Savvy business people usually do research to make sure they’re always saving money and working efficiently. For instance, they will search out the best business coupon to be sure that they stay in budget. Frugality is the new extravagant! Business software coupons are just another way to be sure that money is spent wisely.
The same ethos should be brought to bear in the world of timeshares, too. Remember the following simple tips next time you attend a sales presentation for a timeshare. The first thing to remember is never to buy anything “on the spot,” without serious reflection. Usually, the price is considerable, and you should never purchase anything substantial without having “slept on it.” Take your time! No matter what they tell you, there is no such thing as a “one time only” deal. These are tactics commonly employed by high-pressure sales people, to secure a commitment absent serious consideration.
When they are offering bonuses or prizes, read all of the tiny legalese. Pay for nothing in exchange for these things. Be mindful of the many different tactics used to make something seem like a great deal, when it may not really be so.
Review any contracts you’re asked to sign. Preferably, get your attorney to review it, even if it costs you some money. The investment is minimal in comparison to the price of the timeshare, so remember to see the big picture.
Don’t feel as though you must stay if you’re feeling a lot of pressure. You’re under no obligation to stay if you’re uncomfortable. Finally, when you’re taking the time to think about your possible purchase, search online for the price on a comparable unit on the secondary market. You will probably be surprised what current owners are selling units for in comparison to the asking price from the resort.
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