Have you considered attending a timeshare presentation? They can sound tempting when paired with a gift or discount from the resort. However, you may have heard the horror stories of how these sales presentations can last for hours. Is it even worth going through such a hassle?
In this guide, you'll discover how long timeshare presentations last, how to prepare for them, and how to leave them. And we won't take up as much of your time.
A timeshare is a shared property under fractional ownership. That means a unit has multiple owners sharing its use and expenses. Often, a timeshare can be found within a resort condominium and marketed as a low-cost vacation property. Whether that's true or not is a different story. Nonetheless, timeshares are popular within the travel industry. Still, you can't just buy a timeshare anywhere.
If interested in buying a timeshare package, you have to go to the source. That's why many popular resorts hold sales presentations intended to educate you on a timeshares’ benefits and investment value. For potential buyers, it's a chance to meet one-on-one with industry representatives and explore what timeshares have to offer. For the salespeople, however, it's sometimes all business.
You might have received phone calls offering a discounted or free resort stay if you attend one of these presentations. That’s how they start. The timeshare salesperson will tell you it will take a little time, but most timeshare presentations don't go that way.
Once there, you'll speak with several representatives, watch a few videos, and maybe even take a tour of the resort. Realize this is a timeshare pitch. The ultimate goal is to sell you on the idea of timeshare ownership. When the timeshare alone is not enough to persuade you, it’s common for salespeople to use high-pressure tactics to influence you.
A timeshare presentation is between 90 and 120 minutes. That seems reasonable in exchange for whatever the resort offers. Alas, they seldom end on time. Timeshare presentations are notorious for going on much longer than the designated period. Why? Because the salespeople are persistent. They're known to hold clients up for more hours than agreed upon or until they’re convinced to buy.
A timeshare presentation could help save money. Resorts get people to attend these presentations by offering incentives. Examples include discounted resort trips, free vacation stays, tickets to local attractions, free meals, and more. You're incentivized just for showing up!
As long as nothing is purchased, a timeshare presentation can sometimes deliver you a decent vacation deal.
Who cares how long timeshare presentations last, as long as you get free vacation time, right? Sure, but be careful! These big discounts and free gifts are ways to lure you into a timeshare sales pitch. Most people don't know what to expect and salespeople often take advantage of that.
Nobody wants to be on the wrong end of a regrettable mistake. Below are a few recommendations to prepare you for a timeshare presentation so it doesn’t happen.
Following the steps above should keep you from making a decision that will haunt you for years to come. However, no matter how much you prepare, there’s one aspect about these presentations that’s always excruciating. That’s finding the exit doors! Alas, we can help you with that too.
The best way to leave a timeshare presentation is not to go in the first place. But, we’re human, and curiosity sometimes takes us places we regret. Before attending a presentation, keep in mind that getting out of them is more complicated than getting into them. It’s common for attendees to feel pressured until they buy something.
So, if you ever get stuck in one of these presentations, the following are a few suggestions on how to get out without making the dreaded mistake of purchasing a timeshare:
If a timeshare is not the right fit for you, let the resort salespeople know from the beginning and stand your ground. Don't be afraid to be crude about it if needed. Sometimes it’s the only way they'll listen.
When attending a timeshare presentation, there’s always a chance you succumb to pressure. And newsflash, not many of those who do are happy owners. Recent studies by the University of Central Florida show that close to 85% of timeshare buyers regret their purchase. That’s why it’s critical to ask about the rescission period.
Getting rid of your timeshare becomes more difficult if you miss the rescission period. You can risk venturing into the timeshare resale market but can’t expect much help there. One timeshare exit method that has picked up steam is timeshare cancellation companies. They’re a part of a new industry focused on helping those who have become victims of the timeshare industry.
Wesley Financial Group, LLC (WFG)* is one of the leading timeshare cancellation companies. Founded more than a decade ago by a pioneer of the timeshare exit industry, Chuck McDowell, WFG is now a world-class company helping more than 16,000 people reach financial freedom. This company places a team of timeshare experts behind you to develop and execute an exit strategy. Not only that, but they work alongside you.
While many timeshare companies leave their customers in the dark, WFG is there with you every step of the way. Schedule a free consultation with them today to learn more about their timeshare termination services!
Needless to say, if you attend a timeshare presentation, be careful. Prepare for the possibility of a long day. While you can sometimes score a free vacation, they can also result in long-term repercussions. Don’t go in without a plan, and never let your guard down!
*Wesley Financial Group, LLC, and its affiliates, successors, or assigns are not lawyers or a law firm and do not engage in the practice of law or provide legal advice or legal representation. All information, software, services, and comments provided on this site are for informational and self-help purposes only and not intended to substitute for professional advice, legal or otherwise.