Imagine you’re on a vacation and you get asked by a salesperson to go to a timeshare presentation. Yes, giving up an hour or two of your time might not seem like a big problem because of a potential deal you might get. However, most people who have gone to these presentations say that they’re really not worth it.
Potential Deals You Could Get in a Timeshare Presentation
Timeshare properties are strategically located in some of the country’s most popular vacation spots, such as Florida, Las Vegas, ski resorts, islands, etc. While these are all beautiful destinations for fun and relaxation, the cost of visiting these places isn’t exactly affordable for many. To lure potential buyers to visit timeshare properties, developers offer huge discounts and promos, such as significantly reduced rates or even free stays to their properties.
An overnight stay in a beach view room in a top beach resort or a three-day stay in a luxury hotel in Vegas with free gambling credit for half the usual price is good examples.
But Wait, There’s a Catch
While these deals might seem like a steal, keep in mind that very few things in this world are really free, warns a top lawyer in Florida specializing in timeshare issues, including the foreclosure process, cancellations, contracts, etc. In order for people to qualify for a promo, they usually need to complete a timeshare presentation, which is typically just a sales pitch that could go on for hours. They also need to visit the timeshare property.
Timeshare companies might likewise impose other requirements, but take note that they must inform you of all the requirements before you close the deal. In case you don’t attend the timeshare presentation or didn’t meet all the requirements to get the deal, then you would need to pay the full cost of the timeshare deal. So while taking advantage of timeshare deals could be very tempting, make sure you understand all the terms and conditions before you sign the dotted line.