Advice on Spotting International Timeshare Scams

Buying an international timeshare is something that many people are doing these days. Owning a piece of property in another country is a great opportunity and buying a timeshare makes it extremely convenient because there is less commitment than buying property. You do not have to worry about upkeep or managing the property when you are not there. Sometimes, the timeshare company that you are dealing with is involved in scams, avoiding an international timeshare scam could save you thousands of dollars and many legal problems. Here are a few things that you will want to keep in mind when looking out for an international timeshare scam:

Pushy Salespeople

One thing that the timeshare industry is known for is having pushy sales personnel. Many companies believe that the only way you can sell timeshares is by pushing people into it. However, not every company uses bad policies, some are very respectful. People come to expect a certain amount of salesmanship when it comes to shopping for a timeshare. However, if someone is over the top, you need take caution. Scam companies try to push people into buying their properties. If they just won't take no for an answer, they might try to scam you.

Do Your Homework

Before you ever venture to a timeshare presentation, you need to do your homework on the company and the property. Most timeshare scams affect a large number of people. When people get burned financially, they have a tendency to post it all over the internet. Therefore, if you want to know whether or not a timeshare is a scam, start looking around online. If a company is a scam, you should be able to find a few people that have something to say about the scam. If you see that before your trip, you might want to reconsider going. Do not get caught up in a scam for a free vacation because they may have more than one scam up their sleeve.

Require Large Deposits

One good thing about most timeshares is that they have flexible payment plans. If you tour a property and then get down to the financial aspect of it, you need to pay close attention. A scam company would have an inclination to ask you to provide most of the money upfront. They know that they are not going to be around for the long haul so they want to get as much money as they can upfront. Asking for a deposit is standard in the industry, however, if they ask you for a large deposit amount upfront, you might want to be a little skeptical. Most timeshare companies will allow you to finance the majority of the purchase over a long period of time. You should never put up too much money out of your pocket.

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