Are you stuck in a Diamond Resort contract that you no longer want to be a part of? The good news is that there are ways to get out of your contract.
However, the process may not be straightforward, and it may require some effort on your part. In this article, we will explore some of the options available to you.
1. Rescission Period
One option available to Diamond Resort members is the rescission period.
This is a period during which you can cancel your contract without penalty. The length of this period varies depending on the state where you signed the contract and the type of ownership you have with Diamond Resorts.
If you are still within the rescission period, act quickly! You’ll need to follow specific procedures outlined in your contract or by law in order to cancel without penalty. This could include sending a written notice or completing and submitting a form provided by Diamond Resorts.
2. Sell Your Ownership
Another option is to sell your ownership to someone else who is interested in buying it. Several companies specialize in buying and selling timeshares and vacation club memberships, such as Timeshare Broker Associates, BuyaTimeshare.com, or VacationOwnership.com.
Keep in mind that it may be challenging to sell your ownership for an amount equal to what you paid for it, especially if demand is low or if there are few buyers interested in purchasing from Diamond Resorts. Additionally, there may be fees associated with transferring ownership that could eat into any potential profit from selling.
3. Contact Diamond Resorts
If neither of those options works for you, consider contacting Diamond Resorts directly about canceling your contract. Some members have reported success negotiating an exit with Diamond Resorts by explaining their situation and reasons for wanting out of their contract.
Be prepared for resistance from Diamond Resorts as they have invested money in acquiring new members like yourself and don’t want to lose them. However, it’s worth a try to see if they can work out a solution that works for both parties.
4. Legal Action
If all else fails, you may need to take legal action to terminate your Diamond Resort contract. This can be an expensive and time-consuming process that requires the help of an attorney who specializes in timeshare law.
Before going down this path, make sure you’ve exhausted all other options and understand the potential risks and costs associated with legal action.
Conclusion
Getting out of a Diamond Resort contract may seem overwhelming at first, but there are options available to you. The best option for you will depend on your specific situation and the terms of your contract.
Remember to act quickly if you’re still within the rescission period, consider selling your ownership or negotiating with Diamond Resorts directly, and consult with an attorney if necessary. With persistence and determination, you can find a way out of your Diamond Resort contract.