If you are considering buying a timeshare, it is important to understand the risks involved. These include high-pressure sales tactics, promises of luxury vacations, and unsolicited mailings. A timeshare lawyer can help you avoid these scams.
Reliable timeshare attorney in Myrtle Beach offer one-on-one legal advice to their clients. They will formulate a unique exit strategy to suit your individual needs.
Buying a timeshare
If you are thinking of buying a timeshare, be sure to read the fine print. You should understand how the timeshare club works, and what fees you will be required to pay every year. You should also know how much you will be expected to spend on annual maintenance.
Timeshares can offer many benefits, such as being located in a desirable location and offering upscale amenities. However, they are not for everyone. They can be expensive to buy and difficult to get rid of, and they don’t appreciate in value like real estate property does. If you’re considering purchasing a timeshare, talk to a licensed timeshare resale specialist to make sure that you’re getting a good deal.
Depending on the contract terms, you can choose to sell your timeshare, rent it, or return it. The process of returning your timeshare can be complicated, so it’s important to work with a reliable professional. They will be able to review your contract and negotiate a fair price for you.
When it comes to timeshare, it’s easy to fall prey to scam artists who pretend to help you get rid of your timeshare. Many of these companies use high-pressure sales tactics and promise you that they can sell your timeshare for a great price. They may even provide you with authentic-looking documentation and contracts, but they are usually worthless.
In addition, these companies often require an upfront fee. This is a red flag that they are not legitimate. Always make sure that any money you pay to a timeshare exit company goes into escrow and not directly to the company itself.
It is also important to note that timeshare non-attorney relief companies cannot represent you in court if your dispute with your timeshare company escalates. This is why it’s essential to find a firm that has attorneys on staff. Attorney Zach Naert regularly consults with timeshare purchasers, owners, and heirs regarding revocation of timeshares, sales fraud, actions by owner associations, and options for ownership exit.
Cancelling a timeshare
If you’re tired of your timeshare and want to get rid of it, there are legal, safe ways to do it. However, you must be prepared for a lengthy and complicated process. You should also make sure that you are working with an attorney who has experience with timeshare cancellation.
Many companies claim to cancel timeshares, but they can often do more harm than good. Many of these “exit companies” are run by former timeshare sales people who use the same deceptive tactics that their employers used. In addition, these companies often charge high fees that are not justified by law.
In the United States, buyers have a short window of time to cancel their purchase. This period, known as rescission, varies from state to state. To cancel a timeshare, you must follow the laws of your state and act within this window. In addition, you must pay any outstanding maintenance fees. If you don’t, the company may not honor your request for a refund.
Recovering from a timeshare scam
Timeshares are sold to buyers by resorts but can also be purchased from previous owners. Buying a timeshare on the resale market can save thousands of dollars, bypassing high resort prices. However, it is important to work with a licensed timeshare attorney when considering a resale or exit strategy. The best timeshare attorneys have a legal and ethical obligation to care for the interests of their clients.
Often, people who have been defrauded by a timeshare resale scam are targeted by unscrupulous timeshare recovery companies that promise to help them get their money back from the fraudster. These companies typically ask for an upfront fee.
Many of these companies are run by former timeshare salespeople and use the same tactics as their employers. Avoid these companies by working with an experienced timeshare lawyer whose primary concern is protecting the client’s rights. A reliable attorney will formulate an individual, customized strategy for each client. A reputable attorney should not require an up-front fee or charge any commissions for services rendered.