Better Business Bureau wants consumers to be aware of timeshare scams
March 31, 2010
BBB warns consumers to be aware of timeshare scams. The BBB has repeatedly warned consumers of fraudulent timeshare companies and timeshare scams. The timeshare vacation industry continues to grow in all directions and if you aren’t careful and diligent you could fall prey to one of the popular scams.
The BBB advises that the best way to avoid being involved in a scam is to research the company before investing. You should start by contacting your local BBB to find out more about the company you are going to do business with.
Advantage Vacation is an Accredited Better Business Bureau member with an A+ Rating. Check us out with the BBB.
Interval International Surveys Members
March 28, 2010
Results of a recent survey by Interval International came as a bit of a surprise to some people. It appears that most of the participants surveyed were very happy with their timeshare membership, and in a lot of cases, were considering buying more vacation time!
The members surveyed were from Interval’s US database and resulted in some interesting facts:
More than 88 percent are satisfied with their membership
Their US members spend an average of 23 nights away from home every year
The average household income is in excess of $125,000
Thirty three percent of those surveyed are contemplating purchasing additional vacation time
The Caribbean is the number one destination of choice outside the US
The most populare destinations in the US are Hawaii and Florida
Advantage Vacation has a large and varied inventory of timeshare resales at all the top luxury and hotel resorts at preferred destinations in the Caribbean, Florida and Hawaii. Check out http://www.advantagevacation.com
Timeshare Scams
March 17, 2010
Timeshare scams seem to be in the news these days! Be aware and be smart. Following is a list of some things to look out for in order to avoid some of the more popular scams:
1. If the “deal” is as good as it sounds, it will still be there tomorrow. There is no need to make a snap decision. Take your time in evaluating whether it’s the right deal for you and your family.
2. Many companies offer incentives and gifts that are advertised as “free”. As in any other transaction you are involved in, remember to read the fine print. There may be additional “fees” that need to be paid before actually activating your “free” gift.
3. The contract you sign to purchase or sell your timeshare is a legal document. Read it carefully. Any promises made by the sales person should be in writing and/or made a part of the contract. If they are unwilling to do so, don’t sign!
4. The days of intimidation and high pressure should be long gone, but some companies are still using these techniques. You may leave a presentation anytime you want for any reason and you do not have to explain why to anyone. If you are uncomfortable and feel you are being pressured-just get up and leave.
5. If someone calls you and asks if you want to sell your timeshare, be wary. Legitimate companies do not make cold calls to owners. These companies request money up front (up to several thousands of dollars) to sell your timeshare. Do not give anyone money to sell your timeshare. Reputable companies do not charge upfront fees-you only pay a commission AFTER they have sold your timeshare.
6. To verify the reputation of a company, refer to the Better Business Bureau’s accredited list of timeshare resale companies.
7. As with any real estate transaction, take the time to do some research on buying and selling from resale companies.
8. Always remember, if it sounds to good to be true, it probably isn’t true!
