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HIGH-RISK TIMESHARE EXIT STRATEGIES IT DOESN’T MATTER WHO YOU ARE OR HOW LONG YOU’VE OWNED YOUR
PROPERTY, MEETING WITH THESE RESORT REPRESENTATIVES TO ASK FOR AN EXIT CAN BE RISKY, AND NO ONE IS IMMUNE TO THEIR TACTICS— THEY ARE THAT GOOD. Just imagine the conversation where you tell these resort representatives how you aren’t using your timeshare and don’t like the fees—only for them to start countering those objections. They might find those hot buttons that convinced you to buy a timeshare in the first place, and you could end up with a “new and better” vacation ownership plan from the resort. They might sell you on why the “points system” is better than deeded ownership or why you need more points to vacation better. Before you know it, rather than exiting your timeshare, you are perhaps sold another timeshare. Think about it: Would the resort incentivize one of their representatives for letting a fee- paying owner end their contract? Not likely. Instead, more likely, these representatives are incentivized by significant financial rewards for keeping you in your timeshare one way or another.
THE RESORTS ARE EXPERTS AT SELLING TIMESHARES TO PEOPLE WHO ARE NOT ACTIVELY LOOKING TO BUY THEM. For instance, how many of you went into your original timeshare presentation having made a pact with your significant other that you absolutely would not buy a timeshare regardless of the sales pitch? Yet, here you are. Nobody purchases more timeshares than existing timeshare owners, which affirms the notion that you are part of a captive audience. Case in point, according to an article in CNBC, the U.S. timeshare industry's overall net sales nearly doubled from $4.63 billion in 2010 to $9.2 billion in 2016. Alarmingly, much of that growth is being generated by existing owners (i.e., relying on a captive audience). The CNBC article reported: “About 50 percent of all new sales comes (sic) from existing owners, who experts say are much easier to upsell than a brand-new buyer. Those sales pitches can be hard to ignore.” 2
With a “license to lie” clause, resort representatives can (and have been known to) say things that may or may not be true during sales presentations to convince potential owners to sign a contract and purchase a timeshare.”
Need To End Your Timeshare Ownership? Call The Timeshare Exit Hotline At: (877) 323-9923
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