Be wary of hard-sell marketing. In most instances, you are offered “free” inducements (buffet, cruise, etc.) to convince you to listen to the sales pitch. The dream fantasy is heavily reinforced, and high-pressure sales pitches, given by teams of salespeople, can go on for hours and can be very persuasive–if not aggressive. Furthermore, very manipulative techniques are sometimes used to get you to sign a credit card slip as a deposit.
There is usually an ongoing management fee for maintaining the premises.
Timeshare sales in Canada and some U.S. states are sometimes covered by consumer protection, in terms of your right to get your money back by “rescinding”, or canceling the contract within a certain time period.
Timeshares are a dream for some, but a nightmare for others. Speak to at least three other timeshare owners in the project you are considering in order to get their candid opinion before you decide to buy. Never give out your credit card for any reason as a deposit, or sign any documents without first speaking with a local real estate lawyer. Obtain a lawyer’s name from the local lawyer referral service or provincial or state bar association. Don’t let yourself be pressured. Check with the local Better Business Bureau. Then sleep on it for some time. If the deal seems “too good to be true,” it probably is.
For more details on timeshares in Canada, contact the Canadian Resort Development Association in Toronto at 1-800-646-9205 or (416) 960-4930. Ask for their free consumer information publication.
If you are thinking of buying in the U.S., contact the American Resort Development Association in Washington, D.C., at (202) 371-6700. Ask for their free Consumer Timeshare publication. If you are interested in RV or mobile home timeshare options in the U.S., ask for free or discount coupons. Most companies will permit you to stay at their locations for a nominal fee, to see if you like them.
