High Pressure Tactics By Timeshare Salesmen To Sign The Contract

Timeshare salesmen use high pressure sales ploys to get their customers to sign the deed.  They normally invite potential customers to big sales conferences in plush five star hotels.  They then make a presentation which is normally done by compelling and humorous speakers.  The surroundings are beautiful, the people have been plied with limitless food and drink, they are given free gifts for their presence there, and so when the salesperson approaches them, they are ripe for the plucking.  The initial quote for the holiday resort is usually quite high which is slashed down to a quarter of the initial rate later, so that they feel like they are getting a bargain and succumb to his spiel.  The salespersons also ensure the payment is made quickly before they realize their mistake and want to know how they can cancel their timeshare.

Importance of The Rescission Period

The plight of timeshare owners who succumbed to sales pitches and got into huge financial troubles forced state governments to enforce the rescission period for timeshare owners.  This gives them a cooling off period, so they can rethink and cancel their timeshare within 5 days without losing their money.  Timeshare companies try to make their customers believe that their contract cannot be cancelled after these 5 days and they are bound for life to make these increasing maintenance payments.

Help From Timeshare Cancellation Companies

Customers are often confused as to how they can cancel their timeshare because they have been told they have forfeited a legal way of getting out of this when the right of rescission expired.  However, timeshare cancellation companies know that when timeshare companies are faced with the threat of litigation, they are usually willing to release the owner from the legal contract without any future liability.  Traditionally those who wanted to get rid of their timeshares, did it by selling it, donating it, or transferring it.

Tips on How To Sell Your Timeshare Legally

If you have been unable to cancel your timeshare within 5 days, then the first step is listing it on eBay or other reliable sites.  The owner can also approach the timeshare company who may help them with the resale of their shares.  A timeshare resale broker can also help out but care should be taken to ensure no advance fees are paid.  Donating the timeshare is no longer an option because of the increasing maintenance fees and unwillingness of donees to bear this burden.  Legal action for fraudulent conduct has resulted in successful complete release and termination of timeshare agreements.

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