Alert Flag #4 –SCAM
Bait and Switch
- is often used on timeshare owners who have been unsuccessful in selling their timeshares elsewhere but have already paid money to list a timeshare, such as up-front fees we spoke of earlier. They will empathize with you about the lost dollars, to gain your trust and then bait you with a new approach.
The switch is this…
“We can sell your timeshare because we don’t deal with the general public we only deal with major corporations all over the world.” They tell you that the corporations use timeshares for “convention purposes” to save money on hotel expenses. Sound good? It sort of makes sense, you think. So what’s wrong with that?
The problem is this. . .
Corporate executives don’t share beds or even rooms (i.e. two or three bedroom timeshares), nor do they cook their own meals. Can you see a CEO wining and dining a potential prospect by cooking for them in their timeshare? Not a great impression! Think about it.
Another reason corporations are unlikely to purchase timeshares is because they often have to make plans at the last minute. They need flexibility that timeshares just can’t provide regardless of the flexibility of weeks; it’s still not flexible enough. Why would a corporation want to purchase a timeshare for their employees, paying monthly maintenance fees, banking fees, membership fees with RCI or Interval International? The answer is - they DO NOT!
Corporations don’t need to purchase timeshares. They can and do “write off” their luxury hotel stays on expense reports for tax purposes; and depending upon their travel needs it is likely that the write offs will be less than the price of a timeshare that simply does not fit their needs.
If a corporation wants to buy property, it won’t be a timeshare. They would purchase “real property” for investment purposes, because they can build equity and show a profit. Timeshares are not real property and 99% of the time there is no profit! That’s just the cold hard facts. The bottom line . . . it’s not good business sense for corporations to own timeshares!
A company that uses this technique of “corporate bundling” will tell you that these corporations are the ones that set the price for one, two or three bedroom timeshares. This simply is not true.
Don’t be duped into believing this myth and ploy. It’s just another gimmick they use to sell. Click here for some more information on truth vs. myths of the timeshare industry.
If you have been the victim of any of these scams or have your own story to tell feel free to email us.
Corporations don’t need to purchase timeshares. They can and do “write off” their luxury hotel stays on expense reports for tax purposes; and depending upon their travel needs it is likely that the write offs will be less than the price of a timeshare that simply does not fit their needs.
If a corporation wants to buy property, it won’t be a timeshare. They would purchase “real property” for investment purposes, because they can build equity and show a profit. Timeshares are not real property and 99% of the time there is no profit! That’s just the cold hard facts. The bottom line . . . it’s not good business sense for corporations to own timeshares!
A company that uses this technique of “corporate bundling” will tell you that these corporations are the ones that set the price for one, two or three bedroom timeshares. This simply is not true.
Don’t be duped into believing this myth and ploy. It’s just another gimmick they use to sell. Click here for some more information on truth vs. myths of the timeshare industry.
If you have been the victim of any of these scams or have your own story to tell feel free to email us.