Signing Contracts - Be Careful
Written by: Traver
While reading through some different articles relating to the timeshare industry I came across a really interesting story that shows how far some timeshare salesmen are willing to go to complete a sale. We are all familiar with horror stories of high pressure sales tactics being used by the salesmen at timeshare resorts. In this particular story the salesmen takes advantage of an elderly woman by convincing her she is simply exchanging her timeshare for a week at a different resort. To read the full article please visit the following page: Elderly woman’s timeshare swap. This made me start to think about some things that people can do when signing a contract to protect themselves from being put in a similar situation.
The first mistake that I regularly hear about in timeshare presentations believing everything the person trying to sell them the timeshare says regarding the information contained within the sales agreement. Since the salesman makes a living by persuading people to purchase it is important to be skeptical of any information they give you regarding the terms of the contract. Not all salesmen will be dishonest concerning the conditions of a sale but it is better to be safe than sorry. This leads to the next piece of advice that I have, making sure you fully understand a contract before signing. The terminology in a contract can be very confusing to lay people, such as myself, or someone visiting a timeshare resort for vacation. If you are unsure about some of the terms used throughout the contract you should always consult with an independent third party, preferably a lawyer who can explain the conditions to you so you fully comprehend the document you are signing. Although the lawyer may charge a fee for performing this service, it may wind up saving you a lot of money and headaches in the long run, especially if you sign a contract without being fully knowledgeable concerning terms and conditions. The final piece of advice that I can give is to make sure you read the entire document and not just the parts pertaining to the sale of the item. This includes what many call the “fine print” which will normally contain the instructions on how to cancel an agreement, if possible, and many other items of interest. I myself am guilty of not reading entire contracts before signing them, luckily I have not fallen victim because of this. Reading and comprehending the entire contract before signing may take a little extra time, however it is time well spent when you consider what could happen.
Obviously I am not a lawyer and have no education in the law, the above statements should not be construed as legal advice, always consult with your lawyer with questions regarding signing contracts. The tips above are some common sense rules you can follow to help protect yourself from being ripped off while looking for timeshare sales or any other contracts you may sign. If you have any suggestions about this subject we would love to hear from you.
No related posts.
Posted: June 23rd, 2009 under Timeshare Resorts, Timeshare Tips.
Tags: contracts, purchase agreement, sales agreement, timeshare agreement
Write a comment
No matching entries found.