What are the grounds for timeshare cancellation?
If you’re thinking about canceling your timeshare contract, there are a few things to consider. Cancellation of a timeshare contract is a very serious matter and if you do decide to cancel, you need to be sure you have grounds that can hold up in court.
In the United States, the contracts that you sign for timeshares can be non-refundable. This means that in most cases, you will not be able to get your money back if you decide not to use your timeshare at your own cost. However, many timeshare companies offer money-back guarantees.
Can you sell your timeshare back to the resort?
If you’re thinking about selling your timeshare back to the resort, it’s important to do your research. Often, resorts will buy back your timeshare for the same price you bought it for. Some resorts are willing to make deals with you directly but others are more likely to go through a third party.
What happens if you walk away from a timeshare?
The worst-case scenario is that you’ll have to pay to get out of your timeshare. You’ll have to pay the timeshare company for the difference between what you paid for the timeshare and what you’re able to sell it for. If you want to walk away, then you’ll have to claim that you’re a permanent resident of that country. This is because timeshare agreements are governed by the laws of the state where the property is located. The laws and regulations of your state will determine whether you’re able to walk away from your timeshare.
Can you cancel your diamond resorts timeshare?
With the exception of some diamond resorts, you can cancel your timeshare. There are two ways to do so – either through the timeshare company itself or through the real estate agency that sold you the timeshare.