The Timeshare Contract Problem

For many people, the thought of having your own vacation condominium in a fabulous resort area sounds like a dream come true, especially if you only have to pay for a part of the property fees and upkeep. That’s one of the big arguments in favor of buying into a timeshare property with other partners. On paper, the deal sounds almost too good to be true. The reality is that for many owners, that dream really is just too good to be for real.

The Timeshare Sales Pitch

The sales pitches used to lure real estate buyers into investing in timeshares are the stuff of legend. These sales experts are known to use every sales angle known in order to convince prospective buyers that the property they are buying a share in will be their ticket to paradise. The condos, as presented, are “sure to skyrocket in value” and garner the owner all kinds of extra perks like access to fine restaurants and other luxury vacation opportunities. Sure, it all sounds great, so what’s the problem?

The big problem many owners have faced is that if their own needs change, getting out of a timeshare can be very difficult. Many of these sales contracts are worded deceptively, and thus it can be very hard for an owner to get out of a contract. On top of this, the fees charged for upkeep of a timeshare can be high. Many owners find they just don’t have enough access to the property (because it is shared) and keeping it just isn’t worthwhile for them.

Ultimately, no one should be duped into signing a contract they don’t understand. Due to the large scope of this problem, many timeshare investors are now calling on expert legal consultants to help them break these contracts. So, if you are having trouble with your timeshare, don’t feel trapped. Help is out there, so call in a legal expert today.

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