What You Can Buy With the Money Saved From Exiting a Timeshare Contract

What You Can Buy With the Money Saved From Exiting a Timeshare Contract

After tapping into an enormous amount of patience, you’re finally free and clear of timeshare ownership. Whether you cancelled immediately or made the decision after many hope-filled years, exiting a timeshare contract can be a huge relief. Not only have you halted monthly payments and perpetual fees, but you’ve eliminated the frustrations of hindered vacations. There’s nothing worse than spending a ton of money on something that never seems worthwhile. Especially when you’re forced to pay for it. Aside from routine costs, the repercussions of walking away can be disheartening to say the least. But that season of your life is over now and many of you are wondering what to do with the extra cash.

Before Spending Your Extra Cash After a Timeshare Exit..

For starters, jot down lessons learned so you don’t make the same mistakes again. There’s a big difference between forgetting about the timeshare and learning from it. Look, vacationing is never going to be cheap. You should know by now that affordability doesn’t necessarily mean you’re getting the “best deal.” In most cases, you get what you pay for. At the same time, the failed timeshare experience should give you an enlightened perspective on travel expectations. Use the past purchase to help you determine what you want out of a vacation and make sure the product matches the description. Keep in mind, plenty of scams populate the travel industry.

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With that being said, exiting a timeshare contract has probably caused you to consider getting your finances back in order. Most timeshares end up being a lot more expensive than buyers originally planned. After interest, the average timeshare price tag ends up being around $40,000. Over 10 years (which a common repayment period), this is about $333/month. When you add in annual fees, the monthly cost inches closer to $450. While it may be tempting to reallocate these funds after cancellation, establishing a plan, coming up with goals and monitoring your finances is the fastest way to alleviate a loss and the regret that comes with it.

What You Can Buy With Timeshare Savings.

Even though you may already have a wish list, we thought it would be fun to point out the types of things you can purchase once you’ve been relieved of the perpetual obligation. Since most people aren’t prepared for annual maintenance fees (or an unexpected assessment), we’re going to assume your original budget for the timeshare was $350. Keep in mind that exiting the timeshare contract actually saves you quite a bit more. But aiming low will help you understand the impact that cancellation can make.

All things considered, we’re going to list some items you could buy 6, 12, 24 and 36 months after you’ve completely paid off timeshare expenses. This includes any financed amounts to cancel it. The longer you’re able to save, the more capabilities you’ll have. These opportunities should create a little excitement around your decision.

6 Months After Exiting a Timeshare Contract Saves You $2100.

One of the biggest drawbacks of vacationing is the simple fact they always come to an end. Although it tends to be quite expensive, people still go. The national average for one person to go on a week-long vacation is $1,145. Unless you’re traveling alone, $2100 isn’t going to get you very far. So what’s the point of wasting this amount on a lackluster experience just to get out of town? Saving for another 7 months will give you enough to take your family of 4 on vacation (average cost is $4,580). At the same time, there are plenty of purchases you can make with $2100 that don’t expire after one week. Here are a few..

  • Minor home improvements (landscape, security systems, etc..)
  • A new purebred puppy for the family.
  • A smaller off-road vehicle or watercraft (dirt bike, jet ski, etc..)
  • High-end electronics (camera, computer or TV’s with surround sound).
  • New home appliances (refrigerator, washer, dryer, etc..)
  • Diamond jewelry and other gifts for a spouse or loved one.
  • New furniture (kitchen table, sofa or patio sets)
  • A premium massage chair.

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Aside from vacationing, there are also some additional short term purchases that could be worth it for $2100.

  • An hour-long helicopter tour for 4-6 people.
  • Enrolling in classes for an online degree.
  • Sponsor a club, sports team, animal shelter or other non-profit.
  • Paying off debts.

Keep in mind, these are all things you can purchase with the amount of money it costs to own a timeshare for 6 months. Some people aren’t even able to book their annual vacation after paying double this amount every year due to timeshares overselling their inventory.

$4200 Will Remain in Your Bank Account After One Year.

Buying a timeshare causes many people to forget about their way of life prior to the purchase. Some of you have been timeshare owners for decades and are used to setting aside the monthly amount to avoid additional fees (or the thought of foreclosure). It can be tough to adjust properly after exiting the timeshare contract. But those that make the transition seamlessly tend to see an impact other areas of their lives as well – mainly regarding self control. So if you’re able to avoid major purchases for the first year, you’ll find yourself with a nice wad of cash. If saving for a year was long enough, here are a few ways you can spend $4k+.

  • 3-4 Annual Signature Passports to DisneyLand.
  • Minor home improvement or small remodeling projects.
  • Nosebleed tickets to the Superbowl or premier seating at another major sporting event.
  • An off road razor, motorcycle or ATV.
  • A new bedroom set.
  • Attend a world class seminar or receive personal development training.
  • A riding lawn mower.
  • Camping equipment and a used fishing boat.
  • A golf cart with a solid set of clubs and a tee time.

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24 Months After a Timeshare Exit Gives You An Extra $8400

After you’ve gone a year and a half, you’ll be able to consider vacation packages that are a big step above what you were used to with the timeshare. International travel or popular U.S. destinations can now be considered if you’re traveling for two. With a little over $8,000 in the bank, you could even think about buying a nice used car or truck. A smaller travel trailer could even also be had for this amount of money.

Aside from higher end products from the lists above, you could also put money towards equipment, electronics or technology – whether your need it for business or personal use. For some families, this might be enough to cover Christmas gifts. You could even consider buying a decently bred horse (you might want to have a stable first though). $8400 could be used to add a lot of value to your home. Maybe you’ve been waiting for enough money to improve your outdoor living space. It’s enough to start considering a full room remodel. After 2 years, these are all possibilities once you’ve been relieved of your timeshare obligation. Waiting 2 more years to cancel can really leave you wondering about what could have been.

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3 Years Post Timeshare Exit, $12,600 is Saved.

If you’re serious about saving your money, there are endless ways you can reap the rewards of exiting a timeshare contract. After 36 months, you’ll save nearly $13k by escaping the clutches of ownership. This is enough to put a down payment on a house, buy a new car or plan a real vacation. You could even re-carpet your house or invest in some major home improvements that you’ve been pondering for a while. Although a swimming pool is probably out of the question, you could still invest in a hot tub or small pond if you’d like. Maybe you could even get the band back together, who knows!

Either way, establishing a budget, setting goals and managing your finances will put you in position to use your hard earned money for something worthwhile. Instead of continuously funneling capital into something that was never fruitful, you made an intelligent decision that’s benefiting your future. While not all timeshares are bad, some can be absolutely devastating. This is why the disclosure of actual costs is so important.

To put this into perspective, most timeshare owners make the purchase thinking it’s going to only cost them $20,000. In just 3 years, most people have unexpectedly surpassed that amount. Imagine what can occur after a decade? With maintenance fees steadily increasing, who knows what the total of the perpetual purchase could be. Exiting a timeshare can be a life-changing decision.

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Exiting a Timeshare Contract with VOC.

If you’ve recently exited your timeshare, congratulations. If you’re considering doing so, then we’d love to tell you more about what cancellation entails. During our Free consultations, we focus on learning more about your situation prior to explaining the qualification process. This helps us best advise you on next steps. Some owners don’t even need us to help them legally exit a timeshare contract. At the same time, if you believe canceling is your only option, you can get started by proceeding to our qualification form below.

Why You Should Dump Timeshare Contracts Instead of Upgrading Packages

Why You Should Dump Timeshare Contracts Instead of Upgrading Packages

What many people don’t realize about timeshare ownership is that the sale doesn’t end after they’ve signed the contract. Timeshare companies know that once you’re locked into a perpetual agreement they can pretty much dictate where your travel dollars go. Aside from a high pressured approach during the initial presentation, they take additional measures to persuade their users to spend more money over time. Because of this, we believe it is highly beneficial for owners to dump timeshare contracts before they’re persuaded into buying upgrade options.

Before solidifying this claim, it’s important we understand how fractional owners got to this point in the first place. What exactly causes them to believe they need to take action? What element of the experience has them contemplating spending more money or dumping the expense altogether? Whether you believe our perspective is bias or not, many timeshare owners are plagued with this decision. Every day, we talk to dozens of disgruntled buyers looking for guidance or insight on their options.

Why Dumping Timeshares Is Smarter Than Upgrading Condos.

While it may seem like both decisions are irrational, you have to understand a majority of buyers have no desire to stay where they are. They’re seeking relief because they don’t believe they’re getting what they paid for. Although the first impression of vacation ownership typically involves excitement and anticipation, the level of enthusiasm normally dwindles over time. Anything from availability frustrations to unacceptable accommodations can leave timeshare owners in a pool of regret – instead of by the pool without worries. Aside from expectations not being met, they feel taken advantage of and vulnerable. They’re not sure who to trust or what the actuality of their timeshare really is.

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Enduring a purchase that hasn’t aligned with expectations forces many to hope for the best. Especially when they’re at the mercy of a perpetual agreement. Buying a timeshare costs a lot of money. For some, it’s easier to spend a little more to get what they want instead of throwing away the entire purchase. Let’s face it, some people just have the money to blow. While it’s easy for these types of people to swallow their pride a little, others become more prideful and refuse to give into obvious tactics that devalue buyers. But it doesn’t mean they won’t cave once a deal with appeal comes across the table.

No matter how upset owners become, customer service reps (CSR, AKA sales reps) are trained to deflect grief and connect with their owners. Most sales operations make their living off an ability to combat dissatisfaction. In some cases, timeshare owners are led to believe that the poor experience is their fault. That they bought a cheap package or that agreeing to additional options during the contract signing would have improved availability and enjoyment.

When reverse psychology doesn’t work, CSR’s have a number of tricks up their sleeves to reassure their users. Without going into too much detail, timeshare companies are equipped to force your hand. When the initial purchase flops, they basically dare you to cancel the timeshare while teasing you with intriguing deals and upgrade scenarios. Why wouldn’t they choose something they’ve already invested thousands into? Especially when timeshare cancellation companies are suspect themselves. CSR’s know the latter is risky so they’re willing to wait on you. You signed the contract and they owe you nothing, but will sell you anything.

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Like we said, signing the contract is only the beginning of a never-ending ales cycle. Any type of relief can turn into many forms of grief. It’s the way of the industry. Although your experience thus far might be forgettable, who’s to say it’ll get better when you pay more? Caving may seem like your only option, but is it a responsible one? While analyzing how timeshare owners got to this point provides us with substance, the real reason you should dump timeshare contracts lies in the aftermath of an upgrade. Let’s look at three consequences that solidify our stance on termination.

1. Saying “Yes” to Upgrades Puts a Target on Your Back

If you’ve worked in any type of sales environment before, you’ve probably heard the common saying, “take 3 no’s before giving up on a yes.” But what many fractional owners don’t realize is this rule doesn’t apply to them. Once someone has agreed to the timeshare contract, they’ve become susceptible to a lifetime of misleading, persuasive abuse. While the initial presentation can be overwhelming, the pressure to take advantage of discounts and special offers is limitless. If they can persuade people to pay $20-40K unexpectedly, they can easily add a few thousand along the way.

Some people don’t possess the ability to say “no” and they end up racking up all kinds of expenses because of it. Moreover, once they agree to an upgrade, the vultures start to circle. Incentivized sales teams know who the most gullible owners are. The worst part is that many of these “upgrades” don’t add much value or resolution to fractional ownership. If you’re constantly being harassed to upgrade your points program, understand it’s only a bidding war on secondary inventory that the general public doesn’t want. The goal isn’t to improve your experience, rather increase your annual donation so the salesman can go on vacation and the timeshare’s margins increase.

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2. Upgrades Won’t Resolve Your Complaints.

Have you ever confronted someone and they responded by offering you something? Although you really want to remain upset about the situation, the idea of being treated can be compelling. Sometimes, it’s enough to cause you to apologize for your holding a grudge or being mad. You might even forget about the problem or concern altogether – at least until they wrong you again.

Aside from maximizing revenues from fractional owners, timeshare companies know how to execute this “bait and switch” tactic as well. Instead of actually listening to your concerns and providing you with a solution, they’ll make you feel like the repayment was worth the inexperience. The relief doesn’t last, headaches resume and the resort is able to keep you from dumping the timeshare contract for a few more months until things unravel again.

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3. Dumping Timeshare Contracts Isn’t As Costly.

What many owners don’t realize is they end up paying more for the same problem. Instead of going with their gut, they give the timeshare another chance to deliver on something they promised. In their mind, they’re still owed. In the resort’s mind, they just want to remain in the driver’s seat. They know their obligated customer isn’t going anywhere. All they have to do is pretend they care and offer something to make you go away.

Aside from complaints not getting resolved, the cost of ownership rises significantly when you agree to new terms. The simple fact that additional contracts are being signed is often overlooked during the upgrade process. As agreements stack up, it becomes more and more difficult to dump timeshare ownership. In turn, legally exiting the timeshare becomes more expensive. Continuing to sign new contracts proves you’re responsible for your decisions. This gives the timeshare quite a bit of leverage. Remember, you have the ability to say, “No.”

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Understand Upgrades Before Agreeing to Them.

When you think about it, timeshare companies sell “what could be’s” instead of actualities throughout the entire process. After a few rounds of this, many owners realize dumping the timeshare contract is their only option. We’re simply here to tell you that you can legally walk away now and avoid the heartache. Thousands of people are reeled back into ownership every year and hundreds of thousands of dollars continues to go towards something that never improves. It’s how the industry has been able to thrive in a market full of alternative, convenient travel options.

Don’t be a statistic and get rid of your timeshare for good. Especially if you’re having second thoughts about the purchase. Over time, your decision can become extremely costly. Dumping your obligation and pursuing a sensible vacation can be one of the best things to ever happen to you. Even if you have to deal with the regret for a few years. For more information on VOC, you can schedule a FREE consultation or proceed with a qualification form below.

The Main Reason Fractional Owners Cancel Timeshares is Lack of Disclosure

The Main Reason Fractional Owners Cancel Timeshares is Lack of Disclosure

When it comes to timeshare ownership, there are a number of complaints that can surface. Some are easy to fix and others can be concerning or problematic. In an age where travelers can pretty much go anywhere, you’ll find that many are willing to take risks for the right deals. They’ve learned to temper their expectations and embrace a little more adventure. When you’re traveling with enlightenment in mind, the unexpected tends to be riveting. Traveling to places you’ve never been tends to come with a dash of unexpectedness. This is what adds a little thrill to the nomadic culture that scours our planet today. At the same time, it’s what separates retail travel from vacation ownership. In order to understand why fractional owners cancel timeshares, we have to acknowledge why they make the purchase in the first place.

With that being said, there are still a plethora of people that value the traditional element of vacationing. They’re willing to pay higher prices to be pampered to a certain degree. An ability to enjoy upgraded living spaces, first class meals, amusement and entertainment outside of the norm is what vacationing is all about. It allows them to escape their worries, unless the trip becomes worrisome. When expectations aren’t met – or travelers don’t feel like they’re getting what they paid for – the entirety of the experience can be ruined altogether.

Generous Spending Travelers Have Expectations.

To put things in perspective, the average vacation costs $1,145 per person. Standard costs can be significantly lower when you’re traveling to less popular destinations. But for the most part, this is pretty consistent. It’s easy to see why so many people get their panties in a bunch when something goes wrong. In the case of the timeshare, a poor purchase decision can cost thousands of dollars per year, for life. This can be extremely problematic. Especially when there are so many timeshare owners that can’t even enjoy their purchase due to availability complications.

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If you’re the type of person who gets worked up when the continental breakfast isn’t available or the coffee pot is empty, then you probably won’t handle typical timeshare letdowns very well. The types of situations buyers face after signing away their annual salary is bothersome. While all travelers should witness top-of-the-line amenities and service when paying a pretty penny, timeshare owners deserve much much better. But because they’re under contract no matter what and retail opportunities are more fruitful for resorts, fractional owners continue to receive the short end of the stick.

Since we’ve already discussed most of these problematic scenarios in earlier articles, we wanted to talk a little bit about what finally pushes property owners over the edge. Although most believe things will eventually get better, others can’t wait until the day they’re timeshare free. A sense of hope is held onto because timeshare companies really know how to lead their users on and buy themselves more time. At the same time, there are 4 realizations that tend to occur at some point during ownership. The eagerness to cancel a timeshare contract usually peaks once owners see the purchase for what it is.

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Why Would You Want to Cancel a Timeshare Agreement?

When making a substantial purchase, consumers typically take their time. Because of the competitive nature of these transactions, a good amount of haggling is often involved. Not many people go into a car dealership and accept the sticker price. With that being said, it can be difficult to understand why so many consumers don’t use the same approach during a timeshare purchase.

But unless you’ve attended a timeshare presentation (or another high pressure sales environment) before, then it’s hard to get a sense of the level of enthusiastic deception involved. Incentives sometimes cause salesmen to make promises they can’t keep. Although regulations are beginning to crack down on unethical practices, timeshare owners are still being left in the dark about their purchase. Because a lot of their dissatisfaction stems from a lack of disclosure during the initial presentation, canceling the timeshare immediately is typically on their radar. Let’s take a look at 4 reasons why.

1. The Perpetual Reality Settles In

One of the many reasons fractional owners eventually cancel a timeshare contract is the realization their obligation is perpetual (never ending). Leading up to a timeshare sale, the contract details are often overlooked on purpose. Some make the purchase without even knowing a contract exists because they’re caught up in what they believe is a deal of a lifetime. Sales reps know how to keep attendees distracted with “shiny objects” instead of focusing on disclosure. Leaving out contract disclaimers and other pertinent information essentially encourages them to make a large purchase they know little about.

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Timeshare owners usually realize their payment obligations never cease once they’ve paid off the mortgage. The euphoria of paying something off can quickly turn into despair when the contract details are brought to their attention. The realization also occurs when availability issues become so concerning that the owner begins inquiring about a refund. When they’re pointed to the rescission period (agreed amount of time to cancel a timeshare), they usually uncover the actualities of the deal for the first time.

Having no control over future financial obligations or property use typically motivates owners to find a way out. To them, canceling a timeshare contract immediately is better than continuing to pay for something (for life) that they didn’t necessarily agree to. When compared to other relief options, like selling or renting, cancellation is far more rewarding.

2. The Survivorship Clause Loses Its Appeal

Aside from contractual specifics, timeshare companies do a great job of adding a number of value propositions to presentations that entice attendees. Empty nesters have been known to be a major target since they no longer have their children in the home. As this demographic ages, they tend to value an ability to will things to their children. Because of this, timeshare companies sell additional perks that benefit the whole family.

Besides right to use options (for friends, family or business travel), this demographic is normally intrigued by an ability to gift their children a paid off vacation package when they can’t use it anymore. This Survivorship Clause, also known as the “Legacy Pitch,” is another way salesmen distract attendees with partial truths. Instead of inheriting an available condo, heirs actually take over payments on a property that’s rather difficult to use. Some may not even want it.

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Whether the owner is processing the transfer or the heir is digging through the contract, the lack of disclosure can be unsettling. Canceling a timeshare becomes a lot easier when it’s clear the purchase was based on a lie. Owners don’t want to pass grief onto their kids and heirs typically don’t want to deal with the hassle. Especially if it’s from a parent that’s recently passed. 

3. Interest Rates + Fees Create Desire to Cancel Timeshares

When people first hear they can vacation every year for a fraction of the cost, they normally have a few questions. But timeshare sales teams are very sly when it comes to explaining payment obligations. While the expense may seem pretty straight forward, you’d be surprised how many buyers don’t analyze the entirety of the purchase. If they did, it’s safe to say many people would reconsider the expense.

During most closings, the potential buyer is made aware of their monthly commitment to the resort. What they don’t realize is they are obligating themselves to pay double (and sometimes triple) the retail rate. While the average cost of a timeshare contract is $20K over 120 months ($167/month), the purchase is actually closer to $43K when you factor in a 17.9% (average) interest rate. Buyers aren’t completely aware of how much this actually costs them because the numbers during the presentation don’t include loan details.

Maintenance fees also tend to catch new timeshare owners off-guard. Every year, fractional owners receive an “upkeep” bill with a $1K average. This brings the total cost of the timeshare to (at least) $53K. Their total will continue to climb if assessment fees pop up in the mail. These can be anywhere from $2-4K each.

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Remember, the contract is perpetual, so annual fees continue for life. This makes it difficult to even put a cap on the purchase. When you break it down, $400-$500/month is a lot different than $167. Many simply can’t afford this while others become bitter towards the cost. Especially when they’re only able to garner 3 star accommodations – if they’re available. Seeing they can spend $5000 on something better or save it altogether forces them to pull the trigger on timeshare cancellation services.

A Lack of Disclosure Causes Most Cancellations

There is a lot of uncertainty surrounding the explanation of timeshare contracts. Many timeshare companies have been busted for their unethical practices while others continue to find ways to misled their targets. Either way, a lot of the cancellation requests we receive are from timeshare owners who feel they’ve been lied to. What they thought was true inevitably wasn’t and now they’re spending their time trying to cancel a timeshare instead of enjoy one. If you believe you have a right to cancel or are simply wanting to get out of your timeshare agreement, we’d be more than willing to help. We offer FREE consultations or you can get started by submitting an eligibility form below.

Why Las Vegas Timeshare Owners Want to Get Out of Their Agreement

Why Las Vegas Timeshare Owners Want to Get Out of Their Agreement

When most people plan a destination vacation, entertainment normally plays a big role in their decision. Although some prefer a quiet escape with minimal distractions, most people travel to do what hasn’t been done or see what hasn’t been seen. In Las Vegas, Nevada, there isn’t much that doesn’t catch your eye. The city’s ability to grab and hold one’s attention span is unlike any other point of interest in our country. For example, it would take one person 288 years to stay the night in every single Vegas hotel room.

Nearly every American citizen has been to Las Vegas at least once in their lifetime. Some people never leave once they arrive. It’s been estimated that over 1,000 people live beneath the city of lights in underground tunnels. A few people even find pleasure in not being able to remember what transpired during their stay. The popular slogan, “What happens in Vegas, stays in Vegas” is the real deal. People looking to get loose for a weekend or two seem to be able to do so without any regrets. Not many places have been able to thrive with that motto.

While this only adds to the element of what has become known as “Sin City,” there is still a tourist draw to the Entertainment Capital of the World. Some people enjoy themselves so much that they plan multiple vacations to the strip every year. The lively, recreational landscape changes so much that they’re able to relish in something new each trip. Although gambling, sensuality and partying might headline most recommendations, live shows, sporting events, business seminars, product launches and people-watching can be just as appealing to travelers.

Either way, we can all agree that there is something for everyone on the 4.2 mile long strip in the middle of the desert. You don’t have to look at the city from space to know that it’s one of the most radiant places on Earth (actually the brightest from space). If it wasn’t so alluring, people wouldn’t be so willing to cash out in Nevada instead of a tropical paradise elsewhere.

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While Las Vegas may not seem like an ideal place for timeshare developers, it most certainly is. There are plenty of ways they use the city to maximize revenue. Although it may not be ideal for an American traveler to buy into an annual vacation across the World, Las Vegas always gets their attention. So before we explain why Las Vegas timeshare owners are exiting their contracts, let’s discuss a few of the deceptive practices being used to get people to make a lifetime travel commitment to Sin City.

The Las Vegas Lure is Advantageous for Timeshare Companies.

Since Vegas timeshare developers don’t have to spend a lot of time selling people on the perks of the city, all they have to do is dangle the idea of a free trip to garner attention. This simplifies their approach, unlike sales tactics for timeshare resorts in other parts of the country (or world). Most consumers tend to know what a “trip to Las Vegas” entails. This gives resorts an advantage when investing in cold calling techniques and direct mail campaigns. Although solicitation efforts have dwindled in the timeshare industry today, many consumers will listen to discounts in locations that already interest them.

Regional Outreach Efforts Entice Proximate Residents

When it comes to outreach methods, Vegas timeshare companies understand their biggest opportunity lies in neighboring states and cities. Geographical proximity targeting increases their ability to sell fractional ownership because of the convenience of the package. Whether prospects are being targeted through the mail or over the phone, the possibility of them driving to Vegas to check out the offer is a lot higher than other geographical locations.

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Since Las Vegas is located in the center of multiple major U.S. cities, this gives developers an advantage when luring people to the Entertainment Capital of the World. Come to think of it, we have offices in Scottsdale and Malibu that are only a few hours from the strip. Sales teams have already been known to say anything to get people to a timeshare presentation. It’s a lot easier for them to lure aspiring travelers to Vegas with a “complimentary” stay or for “a deal of a lifetime.” In the timeshare marketing world, this technique is called a “mini vac.”  Their job becomes easier once they get you to Vegas.

What many people don’t realize is that there are some drawbacks to accepting “free” offers. In order to use certain entertainment packages and perks, guests are required to jump through certain hoops. Normally, attending these requirements take up a majority of their trip to the strip. If you refuse to follow through with “your end of the bargain” (even if you weren’t briefed), you could end up with some unexpected situations that can be costly in themselves.

Targeting Travelers During Their Vegas Trip.

Vegas timeshare solicitation doesn’t stop with cold calling and mailers. Timeshare companies know there is a huge advantage to targeting travelers during their vacations to Sin City. It’s easy for them to reel in tourists that are stuck in a state of vacation euphoria, looking to enhance their experience. In Vegas, a majority of these people aren’t in a clear state of mind and resorts know it. The Las Vegas Sun even did a piece on how tourists are bucketed and targeted. Thrill seekers and those intoxicated (or hung over) are easy to engage and manipulate. The loose spending habits that normally accompany Vegas travelers also gives resorts an upper hand.

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As the article states, Vegas tourists are easily persuaded to attend a “free” show, dinner or nearby activity with little resistance, in exchange for 90 minutes of their time. If attendees are already enjoying their Vegas experience, they’re normally intrigued by the idea of something free. Once they’re pampered a little, returning to Vegas every year at a discounted rate sounds even better.

What starts off as a brief, “no purchase necessary” invite quickly turns into an all-day event. From here, many travelers leave with a $20-40K mortgage on top of a perpetual timeshare contract they know nothing about. Nearly every buyer walks away believing they made a good decision. They normally don’t realize they made a mistake until booking their timeshare becomes problematic down the road.

The Main Reasons Vegas Timeshare Owners Want to Cancel.

At this point in the article, you can probably assume why so many people want to get out of timeshare agreements in Las Vegas. Misspeak and commission breath is believable when you’re on vacation, especially in Sin City. Thousands of travelers say yes to something that doesn’t match the description. They quickly realize they’ve been duped into buying something they can’t even use. Once payments kick in and they receive their annual fees, their desperation to cancel can go into overdrive.

Aside from being misled, many timeshare owners struggle to even enjoy their purchase. Finding availability in a popular tourist destination (during ideal dates) can be nearly impossible. If you split the contract cost with someone else, conflict regarding usability may arise. Certain properties can even be difficult for aging travelers to access. Layouts and amenities sometimes hinder those with medical conditions or parents with young children. At the end of the day, many Vegas timeshare owners are left unable to use the vacation but are still required to pay the dues.

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While timeshare owners always have the option to pursue upgrades or exchange programs, they’re often left reeling throughout their experience. Once the “too good to be true” offer is seen for what it really is, fractional ownership is tarnished. Paying more for a property you’ve yet to experience can be hard to stomach over time. With all of that being said, it’s easy to understand why so many buyers want to get out of their timeshare agreement as quickly as possible.

It’s Never too Late to Cancel Timeshare Contracts.

Although listening to an intriguing sales pitch about routinely vacationing in Vegas may entice you, we urge you to proceed with caution. It’s always important that you don’t make a hasty decision during the heat of your trip. Often times, your judgement will be clouded and you won’t be able to make a rational decision. A Vegas timeshare isn’t something that’s only going to cost you a few thousand bucks. It’s a lifetime agreement that funnels you into a perpetual sales cycle that’s hard to escape.

If you feel that you prematurely signed up for a timeshare and believe you’ve been deceived, we’d be happy to help you exhaust your options. Timeshare cancellation only makes sense if the contract doesn’t match the original sales pitch. You can schedule a Free consultation to learn more or you can proceed with a timeshare qualification form below.

If You Want to Get Out of Your Timeshare, Watch Out for This Resale Scam

If You Want to Get Out of Your Timeshare, Watch Out for This Resale Scam

Timeshare ownership can be a difficult road to navigate. Once you’ve become immersed in the purchase, misconduct typically appears from all directions. It can be quite overwhelming, especially if you’re unaware of the actual intentions behind a majority of “can’t miss” offers. Over the years, we’ve spent a lot of time educating timeshare owners (or those considering the purchase) on the possibilities of resort life. No matter how many hypothetical situations we express, we’ve found that actual stories resonate best. While most people don’t want to believe they’re being duped, listening to someone else’s bad experience tends to heighten awareness.

While it can be difficult for the average consumer to point out crafty misconduct, it’s important that they understand what other timeshare owners have gone through. The fact of the matter is, not everyone has had a bad timeshare experience. At the same time, many owners are left reeling when the purchase doesn’t work out. Dissatisfaction can easily lead to further mistakes that put them in a deeper hole financially. Some decisions can be life changing and even psychologically draining. In order to help you understand how, let’s take a look at Darren Kittleson’s story.

How The Experienced Realtor Was Scammed

When it comes to timeshare scams, even people that know real estate can be easily taken advantage of. This was proven when a savvy realtor was led to believe he could make money on his timeshare property. After being robbed of more than $24,000 for trying to sell his Garza Blanca Resort property in Puerto Vallarta, Mexico, Darren is now speaking up about his experience. He still can’t believe he didn’t see the scam for what it was. Despite 30+ years in realty, he was fooled during a real estate transaction. Even though he repeatedly did his due diligence throughout the scam, he wasn’t able to uncover anything that worried him. If you take anything from this article, we hope it’s how good the modern day pickpockets are.

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While losing that much money was tough, he views it as a learning experience. Now that he has closure, his goal is to help other timeshare owners avoid similar losses while spreading awareness on the deceptive practices of predatory resellers. In an interview with AZ Central, he touched on how he thought everything was 100% real by saying, “They were so sophisticated in how they did it.” No matter how many times he rekindles the experience, he can’t get over how “stupid” the whole thing makes him feel.

Sadly, many consumers are led to believe in timeshare solutions that don’t exist. The complexity of some of today’s scams are disturbing. The worst part is that relief-seeking timeshare owners are eagerly trying to get out of timeshare contracts when they’re bamboozled. Instead of finding resolve, they increase their loss. In Darren’s interaction with the phony reseller, everything seemed to add up perfectly. No matter his level of skepticism, the salesperson was always able to (shrewdly) reassure him that everything was going to work out in his favor. What’s sad is, he’s not alone. Fraudulent cases like this one tend to have a detailed plan throughout.

The Initial Phone Call and Supporting Misconduct

When Kittleson was first contacted by the scammers, they claimed to represent Westwood Realty in Phoenix, Arizona. They knew everything about his upcoming reservations and offered to buy the dates he booked. When he researched the company, the credibility of the Arizona business and brokerage seemed legit. At first glance, nothing stood out to him. Even their licensing was up to date. The manipulation that went into this first impression was crucial for the scam to work.

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What Kittleson didn’t consider was the simple fact that the caller did not actually represent Westwood Realty. It’s hard for most people to understand how easy it is to create a fake online business presence. Moreover, most law-abiding citizens can’t even begin to think like a criminal. No matter the level of deception, the average consumer is already at a disadvantage. What “they don’t know” is normally used against them. Since the scammers knew about Darren’s travel plans, it was easy for him to assume a con wasn’t in place. His ability to easily find company information and reviews only added to his confidence. A fraudulent company wouldn’t post their information online, would they?

Scammers Know How to Eliminate Disbelief.

Despite the persuasiveness of the phony broker’s business presentation, it wasn’t the only thing that gave Darren (and other timeshare owners) peace of mind. They even went as far as providing timeshare owners with bank statements that included real company letterheads and contact information. It’s almost as if they mastered the mistakes of other scams. Even phone numbers included area codes that validated the company’s level of congruence.

Once he was able to confirm that Westwood had a local brick and mortar location and zero complaints dating back to the 80’s, Darren was hooked – for a lot of money. According to Kittleson, he thought he was doing everything he needed to “in order to verify, verify, verify,” He even went as far as setting up a Google news alert for Westwood Realty in case something went sideways.

The internet has been a huge boon to unethical companies preying on timeshare owners. What many people don’t realize is, the lifespan of these fraudsters doesn’t have to last long. Once enough money is collected, they tear everything down and wait for the dust to settle before rebuilding the scam under a different brand name. It’s a scary thing to ponder. In Kittleson’s case, the scammer didn’t even go this far. They were simply using the credibility of an actual business to manipulate the sale. Westwood was nothing more than a bystander. In the end, there was nothing to tear down.

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If an Offer Seems too Good to be True, Don’t Take it.

Once the scammers established a level of trust with Kittleson and other targets, they made an aggressive proposal that was basically irrefusable. What many owners don’t realize, is the resale market for timeshares is basically non-existent. It’s hard to understand this until you experience it for yourself. While some resorts will tell you that you can always resell or rent your property (if it doesn’t work out), it doesn’t mean it’s true. Diamond Resorts actually got in a heap of trouble for selling prospects on this during presentations. Far too many fractional owners learn this reality the hard way. An unexpected, amazing resale opportunity should be the first sign that you’re involved in a scam.

Instead of continuing to shop for a reseller, Darren was absolutely thrilled with the price he was given. It was nearly 60-70% higher than what he actually paid for the property. Since the beachfront hotel in Puerto Vallarta had grown in popularity, he didn’t even think twice about the offer. “It didn’t seem far off,” he said. Not only was he talking to people whom he thought represented Westwood, he also believed in the best deal he’d received up to this point. Since he was called about his bookings, nothing really drew a red flag.

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How the Scammers Continued Leading Him On..

As the complexity of scams continues to be underestimated by Americans, Darren’s experience helps us highlight how deep the deception can go. When it comes to scams that rob people of tens of thousands of dollars, a simple bait and switch wasn’t going to be enough to pull it off. Once Kittleson signed a letter of intent with what he thought to be a local broker, he received a call from an escrow company in Colorado Springs, Colorado. At this point, he was informed that a Mexican bank would be working with them to deposit his funds from the timeshare sale.

The logistics of these transactions caused some doubt to surface for the realtor – but after researching both companies, he came away relieved again. What he didn’t know was the scammers were using the same tactic they used with Westwood to proceed with the transaction. Confirmations and communication also seemed legitimate and Darren was eager to put timeshare ownership behind him.

Additional Documentation Provided Peace of Mind

“All of a sudden, I get an email with a bank statement that looks like any bank statement here in the U.S. showing the funds have been deposited,” he said. Even when he called the phone number on the statement to double check, an actual person answered in Spanish, giving him the company name and their title. From his perspective, he was so close to receiving closure.

Although the anticipation was real, a few weeks passed and he still didn’t receive a payment. Amidst frustrations, he continued to pursue the resolution when he was told by a “company rep” that he needed to get a Mexican tax identification in order for the sale to go through. This forced him to make another payment via a wire transfer to an attorney the scammers referred in Mexico city. “I went online and looked at the Mexican consulate website, and it had this form they needed. It made sense,” Kittleson said.

Scammers Appear to be “Helpful” During Manipulation

Once again, he was relieved and the process wasn’t too far from ordinary. Shortly after, a document with a formal-looking government stamp arrived in the mail. This included what he thought to be his new tax ID. When the sale and his payment still wasn’t being processed, the scammers told him he needed to pay his taxes and the buyer would reimburse him. He was concerned, but his experience in real estate trumped his doubts. “I was nervous, but I thought, ‘OK, this is the first time I’ve done a property transfer in Mexico.” He even went as far as researching Mexican taxes online. He felt good about it and wired over more money. But the stalling continued when he was told he needed to pay additional taxes in the state of Jalisco.

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In order to feel good about making another payment, Kittleson initially wanted to fly down to Jalisco and make the payment himself. But he was informed that it wouldn’t be necessary. “They said, ‘It’s not like the U.S. You can come down, but nothing will happen for you,'” said Kittleson. Since he’d paid so much already (and had all the bank statements), he agreed. At this point it was almost as if he trusted the scammers and valued their opinion. This is how deep he had gotten into the scam. Money spent and documentation blinded him from the harsh reality. Because of the confidence in the deal, he didn’t even consider saving money to cancel the timeshare altogether.

Until You Abort, The Timeshare Scam Never Ends..

Although his payment for Jalisco taxes was taken care of, he was once again prompted to make another payment. This time, it was for an insurance bond so the bank could release the funds. The scammers claimed that it was necessary to protect the bank from possible “cross-border” fraud. Again, he offered to withdraw the funds in person, but was told the bank wouldn’t do anything without the bond.

“They had an answer to everything I asked about,” Darren said. It had now been 10 months since he made his first payment. When he was prompted to make another payment for another bank bond, he decided he’d had enough. Thinking back to that moment in time, Kittleson remembered, “At that point, I said, ‘I’m done.’ It was like, ‘Oh, I just got scammed.’” $24,000 was flushed down the drain and the timeshare was still his.

Aside from his desire to exit the timeshare contract, Kittleson pursued restitution by filing complaints with the BBB, the Arizona Attorney General’s office and even the FBI. Once he confirmed he was most certainly being scammed, he learned other victims had filed as well. Their complaints had already resulted in the Department of Real Estate filing a cease-and-desist order against the claimed names of the fraudsters. While the Arizona Attorney General is now helping people like Darren spread awareness, victims understand the probability of the criminals being caught isn’t likely.

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The Benefit of Getting Rid of Timeshare Contracts For Good

Stories like these can immediately create a paradigm shift for timeshare owners or those pursuing vacation ownership. Many people believe stuff like this can’t happen to them. They’re blinded by the possibilities of the deal. While a timeshare property can be the centerpiece of family memories, it can also be the root of financial hardship. This is why it’s important to take the time to thoroughly research travel opportunities and make sure you’re 100% confident in large purchase decisions.

Don’t be afraid to get a second opinion and always be skeptical of timeshare solutions. Far too many are scams are present in today’s travel industry. As you can see, not everything is what it may seem. If you’re looking for a way to get rid of your timeshare agreement, we’d be more than happy to go over your options with you. We take pride in avoiding pressure sales and we always take the time to qualify every prospect for timeshare cancellation services.

Timeshare Laws for Marketing + Advertising

Timeshare Laws for Marketing + Advertising

Over the years, the timeshare industry has transformed into a hospitality giant since it burst onto the scene in the 1960’s. Now that we’ve shared a solid overview on the history of timeshare ownership, let’s talk about some of the laws and regulations that hold the concept together. Although a number of initiatives, revelations and scams have shaped the industry into what it is today, timesharing is still a wild wild west of sorts.

Leading up to 2019, it’s been fairly difficult for programs and agencies to put a halt to unethical practices and the deceit within the industry. But it doesn’t mean society hasn’t progressed. It simply means greed is clouding the judgement of major stakeholders. Businesses fixated on revenue seem to always find a way around laws when the reward is worthwhile.

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A declining market share also adds a little incentive maximizing profits. If you’ve been following along lately, then you’re well aware of the financial rewards that can come with timeshare sales. The problem is, a big percentage of timeshare revenue is at the consumer’s expense. And most likely on purchases that aren’t really necessary.

With developmental expansion slowing down and major hospitality players slowly taking over, it seems like a more systematic approach is in order for the timeshare industry. As the dust continues to settle, a good portion of sales processes and marketing initiatives are becoming more regulated. The tactics that have allowed timeshares to thrive throughout history are now common knowledge because of the internet. Consumers are able to make more informed decisions now than ever before.

Timesharing is Prime For Competition.

Although progress has been made, it doesn’t mean standardizations will eliminate consumer problems. There are plenty of ways to improve which is why vacation rentals and travel clubs are increasing in popularity. Until the people are able to completely trust the timeshare pitch again, we can’t expect an industry rejuvenation. Although outlook has been dim before, consumers aren’t as gullible as they once were.

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The access to information is eliminating impulse purchases altogether. Because people want to know about timeshares, we want to help them understand what they’re getting themselves into. It’s not just about helping timeshare owners get out of their agreements. With that being said, let’s take a look at some of the timeshare laws and regulations that have been able to keep resorts and predatory agencies at bay for the most part.

Timeshare Regulations for Marketing and Advertising

Before we talk about the aggressive sales tactics used by timeshare companies and resorts, we have to point out the role that marketing and advertising plays. Before most consumers arrive at the sales presentation, they’ve more than likely already been briefed on what to expect from the experience. In some cases, they might already be eager to sign the dotted line. Making an impulse buy with confidence typically means the marketing has done its job. What’s bothersome is that many timeshare companies know exactly what to say to get people in the door. If they can get you to arrive with minimal questions, they know it’s pretty much a done deal.

The Difficulty of Regulating Advertising or Misspeak.

Like other industries, advertising strategies don’t necessarily tell you the full truth. Trigger words and vague phrases are often used to manipulate consumers into believing the product is better than what it really is. Call it a mirage if you will. For example, food (especially produce) can market products with “organically grown” on the packaging. But it doesn’t necessarily mean their definition matches yours. Legitimizing phrases like “more fresh” or “healthier” is nearly impossible when you’re unaware of the actual standards of the term. When you think about it, it’s pretty difficult to define this type of verbiage anyways.

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How Marketing and Sales Work Together

The same can be said for timeshare marketing strategies. More often than not, consumers are distracted by free gifts and potential instead of focusing on what the purchase is or can be. Timeshare companies know to hype prospects up while intentionally leaving out the details on drawbacks (availability, annual fees, perpetuity, taxes and resale value). The excitement of something they’ve been persuaded to believe in can easily overshadow the actualities of the deal. Call it false advertising if you must. Consumers deserve to be protected from this.

At the same time, it’s very difficult for misled timeshare owners to find restitution in court. In order to penalize an entity for misleading marketing tactics, one has to be able to prove they’ve been lied to. Some lawsuits have won, but only after a lengthy battle with an experienced legal team. While it’ll always be difficult to regulate hearsay when contractual agreements are involved, there is now a strong push to protect consumers from major purchase decisions like this. The best way to combat marketing misconduct is to educate consumers on the front end.

The Legalities and Laws of Marketing and Sales

Aside from public information like this article, nearly every state now has its own marketing and advertising regulations with the FTC, FCC, consumer protection agencies and other state sales statutes. While regulations may never stop unethical companies from breaking the law, at least there are now some consequences in place. Since tourism is more prevalent in certain parts of the country, some states need to have laws that are a little more strict than others. For example, California actually has its own advertising requirements.

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While it’s good to see organizations keep an eye on an industry that can get out of hand quickly, we know it’s not the end all be all. With the internet still emerging, it’s only a matter of time before new regulations are implemented and reinforced. This is a tall order because the world wide web is still basically unregulated. Since regulations have increased marketing costs for timeshare companies, new acquisition is harder to come by. At the same time, it’s caused resorts to target their current fractional owners more aggressively to make up for the loss.

Combating Misleading Timeshare Marketing Tactics

Once you’re locked into timeshare ownership, not all hope is lost. If you feel as though you continue to be lied to, then you have every right to build a case for yourself. The timeshare industry uses a lot of 3rd party advertisers to re-market to their users. Understanding what they’re allowed to market will help you pinpoint unethical behavior and get out of your contract sooner than later.

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It will be interesting to see what evolves in the next few years to combat the extensive amount of fraudulent activity online. In the meantime, do your best to thoroughly understand major purchases and the rights you have as a consumer. There are plenty of things to look for and ask when attending a timeshare presentation. At the end of the day, doing your due diligence and understanding common timeshare marketing misspeak can save you a lot of grief in the long run. 

To continue reading about Timeshare Laws, click part 2 below. If you’d like to learn more about our timeshare cancellation company, we’d love to hear from you! For those interested in learning how we can help you find relief, feel free to submit a qualification form.

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