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5 ‘Red Flags’ To Look Out For When Buying Timeshare

Bying or selling timeshare? Look out for the following:

One of the key priorities of the Vacation Ownership Association of Southern Africa (VOASA) is to aid the protection of consumers and shared vacation owners when targeted by questionable companies operating on the fringe of the industry.
VOASA advises consumers to look out for these 5 common ‘red flags’ when buying or selling timeshare: –
1. If you receive unsolicited calls or emails from a company regarding the sale of your timeshare or the elimination of maintenance fees;
2. If an offer sounds too good to be true (it probably is);
3. Promises to modify or cancel your timeshare contractual obligations;
4. Any call or correspondence offering to transfer your paid-off ownership to another party;
5. If you receive a call from someone claiming to be a representative of VOASA. VOASA does not perform any sales or resale services.
Bosch concludes by advising the public to only deal with accredited VOASA members, and this can be determined by checking the member’s directory on the association’s website at www.voasa.co.za or calling (021) 975-9607 or emailing voasa@voasa.co.za.

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