A Vegas timeshare offers a great opportunity for vacationgoers to enjoy their time in convenience. Las Vegas has a number of fun things to see and do and a timeshare offers ideal accommodations. You don't have to contend with the hassles of finding a hotel or making arrangements about where you're going to eat every night. However, Vegas is a popular destination. As such, it attracts a lot of scammers. Here are some scams that you need to be aware of:
1. High-Pressure Sales Techniques
Timeshare salespeople trying to sell a Las Vegas timeshare often employ emotional appeals to get buyers to commit. By appealing to a customer's emotions, they ensure that the potential buyer is not rationalizing their purchase. The salespeople who do these presentations frequently appeal to visitors' love of gambling to encourage committing to a purchase. A potential buyer can even be left feeling somewhat guilty if he or she doesn't make a purchase. You should remember that a salesperson's need to meet a quota will often trump any thought of encouraging you to buy within your means.
2. Discounted Weeks with No Availability
Many resorts offer discounted weeks in the $450 to $500 range, designed to give guests a taste of the timeshare experience before buying. This usually includes prompting and urging you to book as early as possible. However, you might book your week and find that processing is delayed due to an "unforeseen" error. Timeshare buyers taken in by this scam often find, to their dismay, that all the rooms have been sold out and there is no longer a unit available. It may prove difficult to collect a refund. Use caution with such deals, as they may be too good to be true.
3. Freebie Vegas Vacations
This is another popular scam that involves high-pressure presentations. TV ads and mail flyers advertise 3 or 4 night stays in Vegas free of charge. They may even offer free show or attraction tickets. This usually requires attendance at a presentation, where high-pressure selling techniques are used. They will be committed to accepting nothing less than a sale. While the salespeople may negotiate prices, their final asking price may still be somewhat high. In the long run, it turns out that the price of the timeshares offered through presentations is far higher than timeshares offered on the open market.
4. Resorts that Won't Buy Back the Timeshare
Most resorts do have an option of buying back a timeshare or accepting a deed in lieu of foreclosure. This is a very important option to have available should you have financial difficulties where you can't keep the property. However, less-legitimate timeshare resorts leave financially-strapped owners to their own devices. Instead of buying back the timeshare, they will often resort to using a collection agency, wage garnishment and liens. Should you find yourself in such a situation, be sure to consult with an attorney.