Some timeshares may have earned an unfavorable reputation in the past, if you select a reputable company like the Villa Group it is an excellent investment.
Timeshare ownership in Mexico gives owners the right to use their timeshare unit for one or multiple weeks each year. To join a timeshare club in Mexico, you will need to pay an initial deposit along with regular maintenance fees. Would you like to learn more about timeshare ownership in Mexico? If so, keep reading below.
How Much Do Timeshare Ownership in Mexico Cost?
Generally, the provider that you invest with will determine the cost. You should always choose a provider that is reputable and has an excellent reputation in the industry. If you don’t, then you will end up disappointed. At this time, foreigners are not able to purchase land within the coast 50 kilometers or 100 kilometers of any international border.
However, timeshare ownership in Mexico is one way for foreigners to essentially have a vacation home on the beach, and most of the best timeshare providers like the Villa Group have property in the most desirable beach resort towns. The American Resort Development Association reports that the average cost of a timeshare ownership in Mexico is around $22,000, and the maintenance fees are around $1,000 a year.
Timeshare Ownership Cancellation Information
In general, there is a 5 business day grace period for new timeshare owners when they can legally cancel their membership contract in Mexico. The 5 business day grace period is also known as a rescission period (or cooling-off period), and this is the only time that a timeshare contract can be canceled. After that time period ends, the contract is legally binding and the timeshare sales representative will be paid their commission.
It’s important to note that you should never stop paying your payments and dues. If you do, you may face foreclosure which is a process where the lender can take possession of your property, then auction it off to recover some of the money that is owed to them by you. This process will negatively affect your credit score. Instead, why not make your payments on time so you can always enjoy your vacation unit?
Avoiding Timeshare Ownership Scams
Next, prospective timeshare owners should know how to protect themselves and their investment by being aware of timeshare scams. For example, The Mexican Timeshare Solutions is a fraudulent company that takes advantage of unsuspecting timeshare owners by offering timeshare cancellation services that they legally cannot provide.
Remember, you can only cancel your timeshare contract within the 5 business days after you have signed your new member contract. After that time frame has passed, nobody can cancel your contract. Don’t let these scammers make you their next victim. They cannot cancel your timeshare ownership contract. They will attempt to charge you a large upfront fee, then vanish with your money without providing you with any services.
Stay safe and always direct any questions to your existing provider. At the Villa Group, we have staff onsite to answer questions and address any issues that our vacation club members have.
If you want to enjoy one or two weeks of vacation in paradise at a resort that has top quality amenities, services and accommodations, then timeshare ownership is an excellent way to do that. Contact us at the Villa Group Resorts to learn more about our quality vacation club. We are a reputable provider with ten luxury resorts in the best destinations in Mexico. Our club members get to enjoy luxurious vacations in Cabo San Lucas, Puerto Vallarta, Cancun, Islands of Loreto, and the Riviera Nayarit. In order to join, prospective members need to attend a timeshare presentation at one of our resorts and then take a property tour.
Contact us today and we will be happy to show you how great owning a timeshare in Mexico can be! We can’t wait to treat you and your family like royalty!