HGVCnewbie
newbie
- Joined
- Apr 22, 2008
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Hello everyone:
This may be a question that I already know the answer to, but thought I would ask anyway.
If I purchase a timeshare from a private owner (not a broker, company, etc) is there any "right of rescission" period?
My mind tells me "no" as I compare this to buying a car, etc from a private buyer - after signing a legal contract, it is an "as is" sale with no warranties or guarantees implied, including the right to have buyers remorse or to change your mind.
I think it is only timeshare companies (possibly due to the high pressure sales pitches) that are REQUIRED to give you a "cooling off" period??
Can anyone enlighten me on this based on facts that they know?
Thank you!
This may be a question that I already know the answer to, but thought I would ask anyway.
If I purchase a timeshare from a private owner (not a broker, company, etc) is there any "right of rescission" period?
My mind tells me "no" as I compare this to buying a car, etc from a private buyer - after signing a legal contract, it is an "as is" sale with no warranties or guarantees implied, including the right to have buyers remorse or to change your mind.
I think it is only timeshare companies (possibly due to the high pressure sales pitches) that are REQUIRED to give you a "cooling off" period??
Can anyone enlighten me on this based on facts that they know?
Thank you!
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