Foreigners cannot purchase land that is 50km within the coast or the border in Mexico. However, a timeshare investment allows you to buy time at a vacation unit each year for a set time. It is important to learn Mexico laws if you want to invest in a Mexico timeshare. First, timeshare owners in Mexico have a cancellation clause, which means you can legally cancel your vacation club membership during the rescission period. Keep reading below to learn more about timeshare scams, because they are quite common in Mexico.
Avoid Being Scammed in Mexico
To avoid being scammed in Mexico with a timeshare, you should only work with a reputable and genuine provider such as Tafer Hotels & Resorts. They have nearly forty years of experience in the industry. Their salespeople are never aggressive or rude. To learn about Tafer Hotels & Resorts timeshare, you need to sign up to attend their sales presentation. They also have an amazing point system, which allows members to use their points to upgrade their vacations.
Personally Tour a Resort
You should personally tour a resort. If a salesperson doesn’t want to take you to the resort and only shows you brochures, then you should decline. That is a warning sign! The resort that they won’t take you to may have many problems or hasn’t been constructed. Tafer Hotels & Resorts operates the Garza Blanca Resorts. They have resorts in beautiful coastal areas including Cabo, Cancun and Puerto Vallarta. In addition, construction is underway on a new resort in the Riviera Maya, too.
Never Sign a Contract Before Reading It
You can keep yourself from being scammed if you never sign the contract before you read it. A salesperson will give you documents about the timeshare. Make sure you take them with you, so when you are at home you can read it thoroughly before you sign the contract. If the contract is in Spanish, then have it translated to English. You can also take the contract to your attorney so they can read the fine print to make sure there isn’t anything hiding in the contract. PROFECO and the Better Business Bureau is where you can see if the resort has any complaints. If your salesperson has promised you anything verbal, make sure it is in the contract.
Timeshare Cancellation Laws
After you have signed your timeshare contract you have 5-14 days to cancel it. This time is known as the rescission period (cooling off). The Mexican laws state that you can cancel your timeshare contract without any charges or penalties during the rescission period. If you do decide to cancel, then you need to notify your provider in writing, and you should also do it via email too. The resort provider has 15 business days to issue you a refund.
Investing in a Mexico timeshare membership is smart, but only if you do it with a reputable provider like Tafer Hotels & Resorts. They provide the best accommodations, amenities, and services. You also get to enjoy a luxury vacation club at Garza Blanca too with your one membership. Remember, they have lovely properties in Puerto Vallarta, Cancun and Cabo. Plus, they have COVID safety measures in place at each resort to keep guests, staff and vacation club members safe. Contact Tafer Hotels & Resorts today to learn more information about timeshare ownership and their exclusive vacation club.
