Looking for a way out of your timeshare? This may help… The only way you’ll know for sure is to try. The criteria aren’t published, and it is quite possible that they change over time as inventory fluctuates at different locations. Some rejection notices include specifics like “ currently, we are not accepting properties back from Los Abrigados Resort and Spa,” while others are more vague. With this DRI deal, you’re paying them to take your timeshare, not the other way around. In that case, they actually pay you real money for your timeshare. Some companies exercise a “ Right of First Refusal” clause, where once you find a buyer for your timeshare, they have the right to buy it from you at that price.You eliminate future fees, but your initial purchase money is down the drain. In fact, you need to cough up another $1,000 (per contract) in order to buy out of your agreement. If you go this route, then you get absolutely nothing in return for that $50K. Say you paid $50,000 for your timeshare.As of April 2016, a survey by the Timeshare Users’ Group shows a 93% approval record.īAD NEWS: You get less than nothing for your timeshare. Exactly what they accept could vary over time, but recent results are encouraging. They accept almost all DRI timeshares, both deeded weeks and points.Some people spend a long time trying to sell less-desirable timeshares. Selling a timeshare on your own (or through a timeshare sales company), you never know how long it will take. Once you get an answer from them, all you need to do is follow the instructions. It’s fairly fast in most cases, and relatively painless.You don’t need to worry about a buyer getting cold feet, or a sale not being approved by the resort.
#Diamond resorts time share on sale free
Once this deal is complete (assuming that they accept your timeshare), you will be free of it completely.With the Diamond plan, you know exactly who you’re dealing with, and it’s definitely legitimate. A typical scenario is that you pay them thousands of dollars up front, and then get no results, accomplishing nothing except lining the pockets of some unscrupulous crooks. There have been numerous scammers who target timeshare owners who are desperate to get rid of their timeshares. You can avoid the scams, and deal directly with the company.This DRI plan is not ideal (see more below), but it does offer relief to quite a lot of timeshare owners. (See the Blue Week Blues for more on this…) They have little or no control over escalating fees, while being locked into a contract with no end. One of the issues with the industry is that some owners are stuck paying for timeshares that are difficult to sell. First of all, I think it’s laudable that DRI does have an exit mechanism for owners who want out.GOOD NEWS: You get out of your timeshare, free and clear. This will only work if you follow very specific instructions. It seems that they only share this information with a small subset of employees, and don’t want the plan to be too well known. call a different phone number, or ask a salesperson), you will probably be told that Diamond has no plan to take back timeshares from owners.
NOTE: If you talk to Diamond employees outside this specific group (e.g. After the process is finished, you are no longer the owner. You follow the steps and pay them a $1,000 fee per contract.
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