Fortunately, the chances of being involved in a timeshare fraud in Puerto Vallarta are relatively low and are easy to avoid with some simple advice.
Government Regulations
Puerto Vallarta’s timeshare activity is closely regulated by the local government following national guidelines to protect visitors who wish to purchase genuine timeshare properties. For that reason, Puerto Vallarta has a booming timeshare industry with little need for fraudulent behavior. The legitimate timeshare resorts are also very vigilant of those operators who are not licensed, reporting fraudulent activity to officials in an attempt to protect their own reputation against the methods of timeshare scams.
All street promoters in Puerto Vallarta need to be licensed by the local government, and therefore not just anyone is authorized to approach tourists on the streets to invite them to a timeshare presentation. Therefore, it is easy to protect yourself from a potential scam in Puerto Vallarta by only attending a timeshare presentation when you have been invited by an agent with official identification.
Bogus Resorts
Another danger that comes with buying timeshare is the possibility that you will buy a timeshare at a resort that does not exist or that will never be built. In Puerto Vallarta, these kinds of frauds are no longer very common, however, it is still worth taking precautions.
Never buy a timeshare from someone who does not show you the property you are going to buy; that is, if they show you photographs in a location other than the resort they are promoting, it is possible that you could be walking into a scam. Likewise, when you are being convinced to purchase a timeshare unit during pre-construction, it is possible that you won’t see the resort finished, although in most genuine cases, you will be shown a showroom at the very least. The best advice to avoid a fraud is to research the developer and timeshare operator and check to see how long they have been in the timeshare business. If they have other resorts in different locations, you can be fairly sure that the resort is going to be completed. Otherwise beware new companies when the units being sold are not finished.
Resale Fraud in Puerto Vallarta
The biggest danger of fraud relating to timeshare in Puerto Vallarta is resale fraud. These kinds of fraud target owners of timeshares in Puerto Vallarta, encouraging timeshare members to sell their units for seemingly high prices. The great offers are very attractive, enticing happy timeshares owners to sell their timeshares. The catch is that you have to pay a fee, and once you have paid you will realize that the company have no intention of selling your timeshare.
