- Jul 15, 2018
- Reaction score
- Resorts Owned
- Rent only
@dgalati, My reasoning to having a buyer/seller lawyer is because I am shocked at the number of people who don’t read. They just sign. IMO, having a lawyer clearly outline the terms, commitment and depth of what they are about to do is helpful. Also, if promises were made, a lawyer can remind the client that perhaps they need to be added to the contract prior to execution. At least, they cannot say they were hoodwinked and clearly know their rights and responsibilities. My guess is that many wouldn’t enter into a timeshare agreement in the first place after having a discussion with a solid Contract or Real Estate lawyer. Or, at a minimum, ensure all promises made are in the contract. In my view, it’s added protection. Kind of like buying an insurance policy.I have referred to this as being hoodwinked
I just hate this impulsive, back room signing process where it seems many folks feel they have been harmed. It saddens me when we push “well you signed” argument when folks feel cheated. Added mechanisms need to be in place to minimize people from feeling taken.
I am not implying that people need an attorney because they are dumb. They need one to double check their rights and responsibilities. I know a timeshare lawyer who always tells me, “if they just read the contract before execution they may not be so angry and feel duped.”
I would even argue that a lawyer is not needed as long as there is a system that ensures people know clearly what they are signing and committing to over the long haul. Then, their decision to go ahead is purely informed choice. We can’t rely on those on the timeshare sales floor to do that. They have another agenda in mind and that’s selling intervals.
No wonder the timeshare industry as an image challenge.
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