How to Get Out of a Palace Resorts Timeshare
Since the establishment of its first property in 1984, Palace Resorts has set up an assortment of extravagance resorts in Mexico’s most well-known objections and surprisingly in Ocho Rios, Jamaica.
11 luxurious resorts located in areas like Cancun, Cozumel, and the Riviera Maya make up the Palace Resorts vacation network. Regardless of your lifestyle, as time goes on, 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!
If you felt like you were misled or sold something that is not beneficial to you or your family, we suggest you immediately initiate a Live Chat or fill out the free informational form on the right. 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 and accommodation for elite members and their guests.
You can visit all of the eleven Palace Resorts and Hark Rock Hotels and Casinos. Popular locations include Moon Palace Cancun, The Grand Moon Palace Cancun, Beach Palace, Sun Palace (Adults Only), Isla Mujeres Palace (Adults Only), Cozumel Palace, and the Playacar Palace. Members can also visit Hard Rock Hotel and Casino areas: Cancun, Punta Cana Dominica Republic, Riviera Maya, Vallarta.
Each area, season, and unit is accessible. The maximum capacity of this bundle permits incredible comprehensive get-aways in the core of Mexico, giving all members, drinks, and amusement.
Contingent on the retreat at which you buy or rent, you’ll have the chance to appreciate golf, tennis, pools, shows, spas, yoga, Pilates and more!
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.
The reality is many timeshare owners are unaware of what they’re signing up for. Many Palace Resorts timeshare owners have complained about high-pressure sales tactics and being misled. Several complaints have revealed how many owners were lied to even when they signed up.
Rescission Laws
Did you recently purchase a Palace Resorts timeshare? Then you’ll need to act fast! The rescission law applies to all timeshare owners under the Truth in Lending Act (TILA).
Typically, a rescission period can last 3-14 days, at times even 30 days. Yet, everything relies upon the state rescission laws you made your buy in.
In case you’re uncertain of the length of your rescission period, our group suggests you investigate your state rescission laws. Presently, this doesn’t mean the state where you live in! We mean the state rescission laws of the location of your timeshare. Realizing this could save you thousands on the off chance that you get it on time!
With regards to rescinding your agreement, most resorts expect you to mail a composed cancellation letter. We prescribe buying assisted mail to keep away from any issues. Several additional dollars could save you tons in undoing expenses! Snap here to become familiar with rescission.
How to Sell a Palace Resorts Timeshare
In case you’re wondering how to sell a Palace Resorts timeshare, there a few things you should know first. At the point when you purchase a timeshare, value depreciates almost instantly.
If the sales rep told you your Palace Resorts timeshare would increase in value, unfortunately, they have lied. We propose you google timeshares or go on ebay.com or redweek.com to perceive what we mean. You will see most timeshares are recorded for as low as $1. And we should not fail to remember you may have to pay additional end costs on top of any current maintenance expenses while reselling. 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. In the event that your sales representative mentioned to you what you were purchasing that day was a real estate speculation, then, at that point, unfortunately, they have lied.
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. Unfortunately, with timeshares, you are paying yearly and month to month charges. Doesn’t sound like a real estate property, doesn’t it?
Selling a Palace Resort timeshares can be exorbitant and challenging. Assuming you want to cancel a Palace Resort timeshare, the most ideal way is always legally. There are various timeshare leave companies in the cancellation business, and choosing the right one can be overpowering.
Reputable timeshare exit companies typically have attorneys that search for misrepresentations or provisos in your contract. Usually, they will ask you various inquiries on 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 propose working with a company with no up-front charges and offers an escrow so you stay secured. The FTC and the BBB have warned timeshare owners against paying up-front fees to leave their timeshare contracts.
When you work with a company that requires no cash front and center, this eliminates almost all the danger of turning into a victim of a timeshare exit scam. Learn more about why escrow is essential. There are various shocking tales of timeshare proprietors scammed out of thousands of dollars with nothing consequently. 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.
