Scam Alert: Timeshare Scams Are Back

Online, April 9, 2010 (Newswire.com) - The summer will be there soon, and all over the country American citizens are organizing their summer holiday. Some will choose to rent a resort for a week or two, others will visit relatives and others will simply stay at home. Some of them who have been used to visit a different place every year may be considering buying a timeshare.
In theory, a timeshare network gives the chance to buy only a portion of a property in one of the timeshare resorts, and to access the other timeshare resorts of the network for close to nothing.
Unfortunately, even if a few serious timeshare vacation networks deliver on their promises, many don't and lead to frustration and anger for their buyers.

Mike Lerik, owner of the website SellTimeshareFast.org explains: "Timeshares are one of the most painful scam for American citizens. Thausends of people buy a timeshare because they dream of unlimited travel all around the world. But they just end up stucked in their timeshare every year. Even worse, they find out quickly that reselling their timeshare is a nightmare."

For people considering buying a timeshare, SellTimeshareFast.org provide simple tips that help avoid the timeshare scam.
Here is a brief overview of some of them:

1. Timeshare is not a real-estate investment. Timeshare sales representative's job is to sell. They are not financial advisors. When they come with arguments on investment opportunity or tax rebate, this is simply wrong, and shouldn't be taken into account.

2. The timeshare exchange programs are rarely as favorable as it seems. Timeshare buyers should always check in details what the timeshare exchange conditions are. Otherwise, they may realize too late that what they expected was simply not the reality.

3. Maintenance fees are high and can't be reduced easily. Whatever incentive or rebate programs have the timeshare networks, annual maintenance fees are always significant, and should be regarded as a net expense.

4. If timeshare buyers change their mind, cancellation is the option. All timeshare properties fall under the local federal law. A delay of 2 weeks is generally accorded to recent timeshare buyers, so that if they change their mind, they can simply cancel the contract.

The full list of tips on how to avoid timeshare scams is available on selltimesharefast.org.

Created in 2010 by Mike Lerik, selltimesharefast.org aims to change the rules of the timeshare market, buy giving the right information to timeshare owners and sellers. First, by providing tips for buyers, and secondly, buy teaching them how to sell timeshare fast.
Mike Lerik a timeshare expert and author of many timeshare-related articles, including "How to file a timeshare complaint" and "When can you request a timeshare cancellation?".

For more information on timeshare scams and reselling techniques, visit http://www.selltimesharefast.org/

For media inquiries, visit http://www.selltimesharefast.org/media_inquiries.php
Or contact Mike Lerik: [email protected]