M.T.A stays abreast of the latest sales techniques by going on sales presentations ourselves as well as listening to our clients personal stories. It is important for foreign buyers to know that timeshare laws in Canada, U.K., U.S.A., etc., are not necessarily the same as in Mexico. For this very reason we feel the wisest decision that foreign buyers can make when attempting to solve issues with their Mexico Timeshare is to choose a company who is knowledgeable of how to do business in Mexico. M.T.As know-how has been crucial in developing its proven method in dealing with Mexico resort companies. We have taken the time to compile a list of the latest sales techniques that have come into question and have been deemed by us to be deceptive sales tactics. If you have fallen prey to any of the below tactics call us today for your Free Consultation.
Mr. and Mrs. Jones due to this amazing deal that you have received today by us doing this, this, and that, you agree that this contract has been activated and cannot be cancelled within 5 days as stated by Mexican Consumer Law, please initial here!
Resorts that allow this practice bank on the fact that the majority of clients will not discover the truth within the 5 day cancellation period. And, after the 5 day period passes the resort companies then move to enforce the wording of the contract, basically stating to any client who wishes to cancel that their 5 day window has elapsed. Oh, almost forgot, this is generally when the non-physical threats begin too. If you have arrived at this point with your resort company, it is safe to say that you need help now!
We have come across many instances where clients have been informed such but their contract states otherwise. In some cases, the resort has contracted another company to absorb the maintenance fee, but there is no guarantee. The contracted company can and will change policy at any time(economic conditions, supply and demand, etc.) they feel business conditions warrant such change. The reality is what is stated in the developers contractual agreement is what the buyer in the end will be responsible for no matter what extra addendums are in place. If you have purchased under the impression that you have no mandatory maintenance fees and your contract states otherwise then it is quite possible that you have been a victim of a deceptive sales practice. Our recommendation is to seek assistance before using the product.
Mr. and Mrs. Chen by purchasing with us your investment will increase greatly over the many years to come. In fact, we foresee an annual increase of at least 10% per year, which will allow you to use the condo and then sell it at a later date for a nice profit!
Timeshares are great to own for the right reasons but in our minds they are not a financial investment as some salespersons like to portray. Like all investments they are only as good as the amount you can sell them for in the end, and in most cases timeshare owners cannot sell their properties for more money than what they paid up front when purchasing directly from the developer. It is quite common that clients who purchase as an investment buy a more expensive package than what they would use for personal travel. If the investment does not work out as presented to you on paper then the extra money spent is simply thrown away to a timeshare resort. Protect your hard earned money by having your contract verified by a 3rd party so as to ensure what you think will occur actually does. Call today for a Free Consultation.
Mr. and Mrs. Price there is an incredible demand for people wanting to rent out your weeks, we have owners who get $1,500usd for each 2br rented week and if you purchase the penthouse, it rents for $3,000usd per week. Your return on investment will be amazing!
In theory the statement has validity since there is major demand to take holidays in Mexico with all that it offers to its worldwide visitors. The aftershock reality for the majority of buyers is something quite different. Remember, major online travel agencies can package air/hotel/all-inclusive/car for a lower price than if the above travel components were purchased separately. Also, in most resorts the supply of weeks highly outweighs demand when you take into account all other members who wish to rent their multiple weeks over the same 12 months in the same available inventory. Lastly, it makes matters even worse when other owners place their week(s) for rent solely for the maintenance fee cost just to recoup out of pocket expenses. If you have purchased to rent out weeks and make a profit, M.T.A can help you.
This is the latest twist to the deceptive rental sales technique. This new twist makes the client feel that they are now going into business with the resort, obviously something more trustworthy than dealing with a 3rd party rental company but in the end another rental company will be handling the rentals. M.T.A. has concerns how the rental company can really guarantee a minimal amount of rental proceeds. Could any rental company or any company for that matter remain financially sound if it had to payout more in rental proceeds than it was receiving from the renters themselves? In our minds, this is nothing more than an evolution of the basic rental presentation. We have begun to see this scheme presented to clients who are upgrading their membership, who purchase anew under false pretenses. If this has occured to you, allow us to share some valuable information with you that will definitely help.
Mr. and Mrs Hernandez by buying with us today you will guarantee yourself the opportunity to have the company buy/sell your contract from you for a small percentage in return. In effect, your investment will be cashed out so you dont have to list your agreement on the resale market!
There are some timeshare resort companies that do offer legitimate resale opportunities for their owners and take a percentage upon sale. They generally are resorts that offer fixed week purchases, since they can most benefit from getting back premium inventory that was sold years ago for a lesser price and sell it now at todays increased developer price. Floating week resorts are less incentivized to be involved in reselling your contract since they sell a right to use product that states reservations are subject to availability without penalty to resort company in 99.9% of instances, which really means floating week resorts sell the same week multiple times and are basically first come, first serve in regards to reservation availibility. In regards to floating week contracts and the resort company buying back your timeshare agreement by sending you a check in return for your contractual inventory is not something we have seen to exist yet in Mexico Timeshare Resorts. If you have purchased under this assumption, it would be wise to seek out assistance as soon as possible and allow a qualified agent to review your paperwork thoroughly.
Mr. & Mrs. Nguyen we understand that you do not wish to own two timeshares and have two annual maintenance fees, so Ill tell you what, the resort company will take your existing timeshare off your hands if you purchase with us today!
Resort companies will offer the services of a Transfer company to its members solely to transfer the deeded/right to use timeshare contracts to a 3rd party. This relieves the original buyer of all financial obligations of the previous agreement going forwardsupposedly. This concept has become a complex issue over the last couple of years. Why? Because in most cases one developer loses out on future maintence fee payments, while the other developer makes money by making a new sale. Just recently the state of Florida signed a new timeshare law(Bill HB-7025) into existence in June 2013. Now, the original developer and H.O.A have the right to prohibit the transfer of timeshares to anyone they feel who does not have the ability, means or intent to pay all assessments. The cold hard facts is that there is no guarantee that the existing timeshare property will be taken out of the original buyers name. If you or someone you know has purchased an additional timeshare under the above assumptions it would be wise to seek assistance to better understand what the inherant risks are and what can be done to safeguard the buyer before 1)the cancellation period ends, 2)paying transfer fees. If you have already paid transfer fees and you feel something is not right then contact us as well for a review of your agreement before its too late.
Mr. Smith you will not have to worry about the money you still owe on your existing timeshare, we have an agent who specializes in resale and can sell your timeshare and pay off the balance with the proceeds!
The timeshare resale market is a place where buyers who purchased from the developer get sick to their stomach when they see the going price for the same inventory thousands of dollars less than what they just paid. Although these days many developers strip some but not all original buyer benefits from a contract that has been purchased on the resale market so that they can give justification for the lower selling price. Developers have also placed higher transfer fees to dissuade resale market activity. All of this has made it much more difficult to sell, coupled with the fact that there are many owners with the exact same inventory who to stay competitive continually push the prices lower. The problem in this scenario is if the timeshare does not sell, the original owner will still be responsible for the debt of the originally purchased timeshare as well as the newly purchased one. Most buyers do not become of aware of this until after their cancellation period has passed leaving them without many options on the table from their viewpoint. Due to new laws that have been passed with respect to timeshare resellers, M.T.A is aware of ways to help buyers who have fallen victim to this deceptive sales tactic. Call us today so we can protect your hard earned money.
Mrs. Craig, we understand your frustration with making reservations in your home resort(s) being that it is very tough to find availability for the time you desire(peak travel weeks) being that you have children in school. We also understand the frustration many owners have exchanging their weeks to other nice resorts during peak weeks of the year. After listening to our clients concerns you will be happy to know that you will now have guaranteed reservations, wherever you wish to go!
There are very few floating week contracts that offer guaranteed reservations without a clause written in the contract that absolves the resort company from being penalized upon not providing availability. The only true guarantee of availability at home resort is buying a fixed week timeshare. In the end the floating week offers flexibility but no real guarantee in the majority of cases and the fixed week which offers the guarantee is lacking on the flexibility department if you need to change your vacation time to another time of year due to other owners using their fixed time. In regards to guaranteed reservations when wanting to exchange, it is simply impossible since the exchanges are handled by the exchange companies and not the home resorts in the majority of cases. There are exceptions when home resorts may have other properties that they have partnered with to offer its clients at least a few destinations without going through the exchange system process. There are too many factors involved to be able to guarantee exchanges. The biggest factor is that the exchange companies never know how many weeks will be deposited from each resort company every year, since it is the owners decision how they wish to use their weeks. This is definitely a deceptive tactic mainly used during upgrade sales presentations. If you have upgraded your membership based on guaranteed reservations please contact us as soon as possible. Is there a need to spend the extra money if your new agreement does not give you what you thought you were buying? Allow us to review your agreement without any obligation.