The surest means of assessing the ethics and legitimacy of a timeshare company is not through performing any single background check, but through educating yourself and ensuring you are not naive or ignorant from the get go. To achieve this and so prevent the proverbial wool from ever being pulled over your eyes, here are five top tips to observe.
- Give Cold callers the Cold Shoulder
Whether you are looking to buy or sell a timeshare, the best advice is to avoid cold callers at all costs.
Cold callers by definition operate by catching potential ‘victims’ unaware. Further, by being the one’s establishing and seeking communication with you they are instantly asserting their authority and power. Combined, these two aspects of any communication engaged in with cold callers or sales people cold calling on behalf of a timeshare company looking to buy or sell to you places them at an instant advantage and you at a disadvantage.
Hence, no legitimate or ethical timeshare buying or selling company will ever elicit business via cold calling potential clients. After all, legitimate and responsible as well as reputable timeshare companies needn’t resort to such exploitative or pressurised selling techniques; rather, they can sit back and rely on their ethical conduct which will and does draw clients to them – rather than the other way around. Then, one inadvertent positive of being cold called is that by cold calling you companies are in essence alerting you that they are not companies with which to ever deal or do business.
Meanwhile, for those looking to avoid such businesses (as we all should do), there are a number of online resources to which one can refer, such as the Mind Timeshare website Timeshare Cold Caller Blacklist, which is updated year on year to help would be timeshare buyers and sellers from offering potential business to those companies who practise cold callingand unethical sales techniques.
- Never React to Spam or Junk Mail
Junk mail is actual mail which you receive through your letter box without expecting or asking for it in anyway. Meanwhile, spam mail describes virtual email received via email which comes unsolicited. Whilst junk mail cannot be filtered before reaching your letterbox, much of the spam mail sent out in 2017 is filtered instantly (and appropriately) into a person’s ‘junk mail’ inbox, thankfully.
That which isn’t should none the less be deleted without reading; opening a spam email can be like opening Pandora’s Box; if doing so does not unleash a world of misery, reacting or replying to such an email is likely to. Hence, any timeshare related or affiliated company which seeks to contact people by means of inundating potential clients with spam or junk email is in fact, and as with those who cold call, doing you a favour: in a nut shell, they are warning you that they are not to be trusted or engaged with.
The downside or potential drawback of using a spam filter when dealing with emails is that legitimate emails from timeshare companies and the likes can also end up being wrongly filtered into your junk inbox. This is such a commonplace problem that the Timeshare Users’ Group Online (which is a legitimate online community and organisation providing invaluable advice and support to those looking to buy, sell, exchange, rent and discuss timeshares) have compiled and published the article: TUG Emails and Spam! which those looking for more information, advice and guidance of navigating their way in the world of timeshares might find informative.
- Rely on the Advice of the Experts
Knowing where to turn when attempting to buy or sell a timeshare in 2017 can be daunting; the industry is so fraught with scammers, con artists and unscrupulous companies that this unfortunately can ruin the experience of owning or enjoying being a timeshare owner. Fortunately, there are a number of organisations which are attempting to balance the scales and provide those genuinely looking to buy or exit a timeshare with real and independent advice and support.
By far the best known of these organisations is currently the Timeshare Consumer Association. Then, whether you are looking to buy, sell or otherwise exit a timeshare agreement, ahead of doing so and in order to garner the knowledge and know how in order to do so safely, it is worth beginning by either contacting the Timeshare Consumer Association for their expert advice or at the very least by referring to the wealth of information contained in their online blog, and in this instance their blog article: Timeshare Scams and Tricksters.
- Know Your Rights
It is a strange reality that in 2017 might just be the best time in which to buy a timeshare thanks in no small part to the fact that timesharing is no longer popular. Whilst this might sound a strange statement to make, it is worth looking beyond the bad press garnered by the timeshare industry and instead seeing the potential this creates for those who may well and still benefit from owning a timeshare.
Reiterated, the fact that timeshares are no longer popular means that their worth is at an all time low. This means potential buyers stand to bag a real bargain, provided they know where and how to negotiate the purchase and acquisition of a timeshare.
Further, law and regulation changes made here in the UK and Europe in response to the many people who have been duped or pressurised into purchasing into timeshares over the years now places potential buyers at a distinct advantage over sellers when it comes to who in fact is in control of the sale and purchase of a timeshare.
Namely, the buying and selling regulations today endow all timeshare purchasers with a fourteen day ‘cooling off period’ in which to reconsider their purchase. This was created and implemented to protect and prevent would-be-buyers from being pressurised into purchasing a timeshare.
In summary, when a person in the UK or Europe now enters a timeshare agreement the initial sum they ‘invest’ in that purchase must by law be held in an account for fourteen days in which the ‘investor’ retains the right to cancel the sale and have their ‘investment’ amount returned to them, in full and without requiring to provide any reason(s) as to why they wish to exit the timeshare. This is information attested and reiterated via the Citizens’ Advice Bureau PDF advice guide: Can You Cancel It?, for those interested in learning more.
- Google Any and All Potential Timeshare Sales Companies
Last but not least, the digital age has rather brilliantly meant that people can today do their own homework and research as well as investigation into just about any company out there. Then, and to echo advice provided via the Money Talks News website feature: How Do I Know If This Timeshare Company Is Legit?, the answer is in all likelihood discoverable by simply going online.
Simply enter the name of said company into the Google Search Engine and scroll through the results. Along with the company website which may provide clues as to its legitimacy, it is more than likely that the company will too have been spoken about by its clients or those who have previously worked for or used its services / bought its products.
If not, or for those who want more specific advice and to discuss their own situation with othertimeshare owners and the likes, the aforementioned TUG community or Timeshare Consumer Association team are both well worth referring to for guidance.