Misrepresentation – getting sold a timeshare that ends up not being what you thought you were buying. In an effort to hide flaws or undesirable qualities of the item for sale, good features are more prominently presented and emphasized. The actual cost of the deal may not match what you were initially told. Extra fees were added in along the way until you got the actual bill and had to pay. You were shown a “display” model and purchased sight unseen a similar model. Later you find out what you bought is nothing like what you were shown.
Bait and switch? Yes it was.
Here’s a true story with the timeshare owners’ names changed:
Mr Jones: “Did you get the copies of my timeshare deed I mailed to you last week?”
Me: “Yes sir I did. I have a few questions for you after looking over your purchase contract and deed. The contract and deed both say you have a one bedroom unit that is available odd years only. Is that correct?”
Mr Jones: “NO! I was shown and bought a two bedroom unit that was annual – every year. I am sure that is what I signed for.”
Me: “Did the timeshare sales people give you copies of the sales contract before you left?”
Mr Jones: “No they said they were understaffed and would mail them to me. I got them 3 weeks later. I never really looked at the paperwork.”
Unfortunately Mr Jones was taken for a ride on this sale. He fell victim to a true bait and switch.
Some other ruthless timeshare sales tactics include:
- Changing the contract at the last minute to give you a lesser quality item at the higher price.
- The use of distractions, guilt, and dramatic math charts that are based on impossible expectations.
- The “good only for today discount” approach to pressure the buyer to make a buying decision on the spot before having a chance to read over the timeshare buyers’ contract.
- Passing the prospect from sales person to sales manager to a higher manager putting greater pressure on each time to push the buyer into a buying decision.
- Promising a high resale value if they decide to sell it later. Making use of the term “investment” in relation to a timeshare is worse than deceptive – the opposite is the truth. A timeshare decreases in value quickly.
For years, timeshare developers have been promising to clean up these sales tactics, but as recently as November of 2016 Wyndham lost a $20 million case in California for deceptive claims used against elderly people. Despicable.
If you were the victim of this sort of misrepresentation in a timeshare sale you need professional advice. You need someone on your side who can sort this out and make things right again. Don’t despair that the corporate timeshare developers are too big to fight.
Timeshare-Resale-Broker.com is the leader in the Vacation Resale Brokerage Business and innovators of timeshare resale services for individual consumers and software for resale agents. Since 1979 (over 38 years) we have had original management. All of our Timeshare Agents are Resale Specialists and members of NAR, the National Association of REALTORS®.
We pioneered the first timeshare resale broker website on the Internet in 1995. We advertise on many more.
People wanting to sell and get rid of a timeshare benefit from the professionalism of a licensed timeshare resale broker who stay on top of the ever changing technology as well as industry direction. We work with all buyers for the vacation properties registered in our database. We have a team of REALTORS® and personnel who are forever assisting the buyers, sellers and insure that the time share sale transaction is as smooth and easy as possible. Call today to get rid of the timeshare albatross! Call us at 1-800-247-4392
Experience: We have sold and closed timeshares in over 29 countries, in 47 states in the USA, have closed deals with sellers and buyers from over 89 countries. We have helped thousands of owners get out of an their unwanted unit. We have a program that gets you out of your property without waiting for a buyer too. This stops the fee payment burden right away.
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