Warning Signs of a Bad Timeshare
Its exciting to be part of a timeshare, but remember to exercise caution before purchasing. Too often scams are hidden under the guise of a timeshare opportunity, leaving you out of thousands of dollars. Know the warning signs of a shady deal before signing any paperwork.
There is No Insurance
Timeshare insurance programs exist for a reason: your protection. Familiarize yourself with timeshare insurance programs and check into what kind your potential deal has. If there is no insurance, this is a red flag.
Your Agent is Shifty
You should never, ever take the blind word of a timeshare agent without doing your due diligence. Never offer any sort of financial information up front and meet your agent in person to ask questions about the program. If your agent is not transparent answering your questions, refuses to meet you in person and insists upon only doing business over the phone, get out.
Youve Been Cold Called
An agent who calls you out of the blue to offer you a timeshare should be treated with caution. If you are interested in purchasing one, do not trust these types of calls. Instead, contact the owner directly if you are interested. While it can be an opportunity for traveling in comfort, know the risks of timeshare programs ahead of time. Being smart and asking questions can protect you and your family from a bad deal.