There are as many as 200,720 timeshare units throughout the United States. Yet many Americans choose to buy a timeshare in Mexico for the beautiful weather, excellent cuisine, and unique culture.
Mexican timeshare laws allow buyers to cancel their timeshare within a certain period of time. However, timeshare scams are just as prevalent in Mexico as they are in the United States. For this reason, it’s important to be aware of these scams to avoid becoming a victim.
Consider the following tips to avoid falling victim to Mexican timeshare scams the next time you’re offered a timeshare investment.
- Don’t buy a timeshare based on the brochure alone. Whether you’re buying from a Mexican timeshare company or an American one, it’s critical not to purchase the timeshare property based on only the brochure. A legitimate salesperson will show you the property itself and if they don’t it’s most likely because something’s wrong with the resort, it hasn’t been built yet, or it doesn’t exist. Therefore, prior to investing in a timeshare, be sure that you visit not only the resort itself but also the developer’s office.
- Don’t rely on anyone’s word. When a salesperson makes you a promise, be sure to get that promise in writing. If what the salesperson said during their presentation isn’t covered in the contract, it may as well have never been said.
- Don’t sign anything during the initial meeting. Don’t let yourself be goaded into signing a contract before you’re given the time you need to look it over. Take the documents with you to be reviewed by a timeshare attorney prior to signing them in order to ensure they’re legitimate and that they’re fair to you. Additionally, it’s not a good idea to sign a document that’s written only in Spanish and that you don’t understand. Even if the salesperson says they’re providing you with a translation of what’s written, it may not be correct.
Mexican timeshare laws may be able to protect you from legal timeshare companies, but they may not be able to protect you from a scam. If you believe you’ve been the victim of a timeshare scam or you’re looking for more information on a timeshare cancellation, contact the timeshare attorneys at the law offices of Susan Budowski today.