Diamond Resorts has been providing clients with beautiful and mesmerizing vacation destinations. It attracts buyers with its claims of flexibility and exclusivity. But now Diamond Resorts has started to lose its customers due to unwanted or too costly maintenance fees, limited access, or lack of property usage.
In such cases, owners want to cancel their Diamond Resorts timeshare ownership. This guide will be your ultimate source as we walk you through how to cancel a Diamond Resorts Timeshare, understand options for a timeshare cancellation, and educate you on choosing a timeshare exit company.
This guide covers the following sections for Diamond Resorts Timeshare Cancellation:
- Diamond Resorts Rescission Period.
- How To Write A Cancellation Letter
- Negotiate Directly With Diamond Resorts
- Sell Your Diamond Resorts Timeshare.
- Stop Paying Maintenance Fees (Risky Option)
- Hiring A Timeshare Exit Company
- Diamond Resorts Resale Scams
- FAQs
Rescission Period (Cooling-Off Period)
The easy and recommended way to cancel your Diamond Resorts timeshare is through the rescission period. The rescission period gives new timeshare owners a chance to exit without any risk of being fined or charged. This period lasts 3 to 10 days. So, ensure you take advantage of the rescission period at the right time.
How To Cancel During The Rescission Period
- Review Your Contract.
- Write a cancellation letter.
- Send the letter to Diamond Resorts through certified mail.
- Keep the letter, the contract, and the mailing receipt for your reference.
Diamond Resorts Cancellation Letter
A lot of timeshare owners struggle to write a perfect timeshare cancellation letter. If you are one of those, learn how to write a timeshare rescission letter here.
Negotiate Directly With Diamond Resorts
If you struggle with Diamond Resorts’ timeshare, you can negotiate with the resort. Contacting the resort is suitable for owners who know about timeshare cancellation.
Suppose you are new to the timeshare industry. In that case, you must hire a timeshare exit company. The resort might not end your contract but offer other programs like deed-back or buyback.
🚨 Important Alert: Resorts want to avoid bad publicity. These timeshare companies can unknowingly indulge you in complex ways that prolong your case, and you only pay the charges. We advise hiring a legitimate timeshare exit company or a lawyer for a smooth cancellation process.
Sell Your Diamond Resorts Timeshare
The market for resale of timeshares is usually oversaturated, which is why it is hard to find a decent price for them. Most Diamond Resorts owners have to resell their timeshares at throwaway prices. Although selling is one of the options that you can utilize, it can give you a tough time before you get rid of the Diamond Resorts Timeshare.
If you face difficulties selling a timeshare, consider selling on trusted platforms like ebay and Airbnb. However, renting out a timeshare can be even more challenging than selling it because there is a risk of scams.
Stop Paying Maintenance Fees (Risky Option)
Diamond Resorts is famous for the various timeshare ownership options it offers. Over time, the responses recorded from various owners have indicated that they are unsatisfied. The additional charges, termed irrelevant by the owners, have disappointed them.
These disappointments have led many owners to stop paying maintenance fees. They think that stopping paying maintenance fees will get them out of the timeshare. Little do they know that this act leads to complex problems and penalties.
Knowledge of the timeshare industry and policies is better than ignorance to avoid committing such mistakes. The risks involved in stopping payments are as follows:
- Damage your credit score,
- Affect your reputation,
- Result in legal action from the resort and
- In some cases, the resort might foreclose on your timeshare.
If you also think of stopping paying maintenance fees, visit Timeshare Exit Advice and learn about the companies we recommend.
Hiring A Timeshare Exit Company
Timeshare Exit companies provide official cancellation services to assist owners seeking to cancel their membership with Diamond Resorts. Such programs are usually better than using the services of third parties and offer an opportunity to cooperate with the company to free yourself from ownership.
But what should you do when you are afraid of a scam or cannot trust the services of a timeshare company?
At this step, you need to refer to someone who is an expert at dealing with the Timeshare process, whether cancelling, selling, or transferring it to someone in your family.
Learn more about Escrow and its association with timeshare here.
Expert Advice: Always do some research on any timeshare exit company. It will help you avoid scams.
Diamond Resorts Resale Scams
As we all know, the timeshare industry has lost its reputation due to scams. Because of these scams, good timeshare exit companies are also facing backlash. These scams often involve companies that claim they can sell your timeshare for a high price but disappear with your money.
Or they will charge you fees and prolong your cancellation. In other words, the timeshare exit industry is full of scams and lies. Learn about timeshare exit scams and educate yourself.
Final Thoughts
Cancelling a Diamond Resorts timeshare is possible through various methods, including the rescission period, selling or renting, or taking advantage of the company’s official exit programs.
If none of these options work, consult Timeshare Exit Advice. We can help you learn about reliable timeshare exit companies. And can save you from falling into a scam. We aim to educate you on timeshare cancellation companies with various ratings and reviews. To free yourself from Diamond Resorts timeshare, contact us today or visit our website.
Ready to enjoy your vacations this year without stress? Visit Timeshare Exit Advice – your trusted timeshare exit resource.
How long is the rescission period for a Diamond Resorts timeshare?
The rescission period typically lasts 3 to 10 days. During this period, you can cancel a timeshare without paying any fees.
Can I transfer my Diamond Resorts timeshare to my sibling?
Yes, you can transfer it to any family member. You must meet the transferring requirements.
Is Diamond Resorts a subsidiary of Hilton Grand Vacations?
Since 2021, Diamond Resorts has been a subsidiary of Hilton Grand Vacations. While Diamond Resorts operates under Hilton Grand Vacations, it retains its brand. It offers timeshare-related services through its existing resorts and locations.
Should I use a timeshare exit company?
Consider using a timeshare exit company only as a last resort. Ensure they offer escrow services to avoid extra fees and scams.
How to get out of Diamond Resorts timeshare
You can cancel your Diamond Resorts timeshare by utilizing the rescission period or sell or rent your timeshare.
