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Re: Maintenance Fees (by R P.):

Copied and pasted below from my 'General Discussion' thread on Misrepresenations In The Timeshare World. These are just some of the misrepresentations told by some developer timeshare salespeople.

"Developer Sales:

1. Lies told by (some) developer timeshare salespeople are that you can trade your week for anywhere in the exchange company's wishbook (catalog of resorts). Not true as it depends on supply, demand, season you own and VEP (Vacation Experience Profile) of your resort.

2. If you should desire to sell your timeshare week in the future, you can make a profit by doing so. If anything you will take a huge loss when trying to sell a developer bought timeshare (there are very few timeshares that hold their value).

3. You can rent your timeshare on years you don't use it and make a profit. Many owners who rent do well by merely recovering their maintenance fees if they can rent their week at all. Again, supply and demand are the key words in the equation for both rentals and resales.

4. Many developer salespeople will omit telling you about the 7+- day rescission period in your contract (called a cooling off period) where you can rescind your purchase without penalty. Please read your contract backwards and forwards.

5. This deal is good only for today.

5. They don't tell the prospective buyer about the resale market, but that's not their job. It's up to the consumer to educate themselves before buying any timeshare."