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We compare timeshare exit companies so you can make an informed decision.
Why you should trust MyTimeshareExitReviews? We compare timeshare exit companies so you can make an informed decision.

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How to Get Out of a Palace Resorts Timeshare

Palace Resorts started in 1984 and now has luxury resorts in Mexico and Ocho Rios, Jamaica.

Regardless of your lifestyle, as time continues, owning a timeshare just may not suit you and your family’s needs anymore. With never-ending maintenance fees that continue to increase, now more than ever you’re searching for a way out!

The good news is we’ll go over different methods to get out of a Palace Resorts Timeshare:

  1. If you’re within your rescission period, that’s wonderful! A full refund is available if you decide to cancel your timeshare.
  2. If you wish to cancel your timeshare, you can do so in writing by contacting the vacation club.
  3. Before beginning anything, familiarize yourself with any Timeshare Contract Loophooles.
  4. You could resell your timeshare on online marketplaces like eBay, Craigslist, etc.
  5. If you want to avoid scammers, look for an escrow option.

People are drawn to buy Palace Resorts timeshares because of their beauty and the amenities they provide. The Palace Resorts vacation network consists of 11 luxury resorts located in Cancun, Cozumel, and the Riviera Maya.

Guests can explore the natural beauty of the outdoor gardens. A wonderful Spa area helps guests relax. Cafes and restaurants are also great for dinner time with family or friends.

If you believe you were sold a product that does not serve you or your family’s best interests, we recommend you start a Live Chat with us right away! Our team can assess your case and determine the best available option for you to exit your contract.

Palace Resorts Vacation Club

The Palace Resorts Vacation Club works with yearly time allocations that permit incredible availability.

You can visit all eleven Palace Resorts and Hark Rock Hotels and Casinos. Popular locations include:

  • Moon Palace Resort Timeshare
  • The Grand Moon Palace Cancun
  • Mayan Palace Resorts Timeshare
  • Sun Palace (Adults Only)
  • Isla Mujeres Palace (Adults Only)
  • Cozumel Palace 
  • Playacar Palace

Members can go to Hard Rock Hotel and Casino in Cancun, Punta Cana, Dominica Republic, Riviera Maya, and Vallarta. Each area, season, and unit is accessible. This package allows for amazing trips in the heart of Mexico, with all guests getting food, drinks, and entertainment.

Is Palace Resorts a Good Investment?

Is Palace Resorts a good investment? Unless you’re willing to spend thousands of dollars on something you technically do not own, then the answer is no.

Try searching for “Palace Resorts Timeshare for Sale” online. Or you can search for “Palace Resorts Timeshare Rentals.” Both online searches will give you an idea of Palace Resorts’ timeshares as investments.

The reality is many timeshare owners are unaware of what they’re signing up for. Many Palace Resorts timeshare reviews illustrate high-pressure sales tactics. Others mention false Palace Resorts timeshare promotions.

Ultimately, the decision of whether this is a good investment rests with you. It depends on the level of desperation you feel from the Palace Sales representatives. If they’re “too pushy”, it’s probably not a good idea.

How to Exercise the Right of Rescission

These simple ways can help you in exercising the right of rescission:

  1. A rescission period typically runs anywhere between three – to fifteen business days.
  2. It begins once you have received all documentation.
  3. To cancel, you must submit your cancellation letter within the allotted period.
  4. You must follow your developer’s instructions and the required format.
  5. Anything submitted incorrectly and outside the deadline will automatically disqualify you from this option!

Our team always recommends you buy overnight mail to avoid any issues. A few extra dollars could save you tons in undoing expenses!

How to Sell a Palace Resorts Timeshare

In case you’re wondering how to sell a Palace Resorts timeshare, there are a few things you should know first. 

  1. At the point when you purchase a timeshare, the value depreciates almost instantly. 
  2. If the sales rep told you your Palace Resorts timeshare would increase in value, unfortunately, they have lied. 
  3. We propose you Google Timeshares or go on eBay.com or redweek.com to see what we mean. You will see most timeshares start bids as low as $1.
  4. Remember maintenance fees and any HOA fees continue regardless if you’re selling or not.

Ask yourself, if somebody is listing their timeshare for $1, for what reason would anyone want to purchase your timeshare for full price?

In certain states, laws are set for real estate agents in which they can’t state that a timeshare is a real estate property. Timeshares are nothing similar to real estate. And a Palace Resort timeshare is no exception. In a typical real estate venture, you should be receiving a monthly passive income. 

So if your sales representative told you that you purchased real estate, unfortunately, they have lied.

Hire a Timeshare Exit Company

Reputable timeshare exit companies typically have attorneys that search for misrepresentations or provisos in your contract. Usually, they will ask you various questions about what was said to you and how you were treated during the timeshare presentation. 

Other exit companies will charge you up-front, and not very many timeshare exit companies offer an escrow option. We always recommend working with a company with no up-front fees. Timeshare exit companies that offer escrow are the best way to secure funds. The FTC and the BBB have warned timeshare owners against paying up-front fees to leave their timeshare contracts.

Working with a company that doesn’t ask for money upfront removes the risk of falling for a timeshare exit scam. Learn more about why escrow is essential. There are various shocking reviews of timeshare owners scammed out of thousands of dollars.

Unfortunately, a portion of these shocking tales came from Palace Resort timeshare owners. Click here to learn more about Palace Resorts timeshare scams.

Final Thoughts

We are a team who was once in your shoes. We understand the battle of paying yearly maintenance expenses that never appear to end. With an absurdly exorbitant financing cost, we realized timeshares are not beneficial. A Palace Resorts timeshare is no special case. With an abundance of timeshare exit scams and complaints, it’s no big surprise several timeshare owners want to get out of a Palace Resorts timeshare. For those that do, the uplifting news is you do have choices.

We started this review site to give you understanding into how timeshare developers and exit companies work. With regards to the timeshare industry, unfortunately, you have to prepare for the worst. Such a large number of scams are accounted for consistently. This is the reason we just suggest timeshare exit companies that have no up-front charges and offer an escrow.

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