How to Get out of the Ritz Carlton Timeshare
Saturated with a corporate culture fixated completely on customer service and assistance, members and visitors of the Ritz Carlton Resorts and Hotels generally expect nothing shy of the best.
World-class facilities, amenities, and services are what give the Ritz Carlton Club its reputation. The eminent Ritz Carlton Residences’ timeshare ownership program has sumptuous Club properties in California, US Virgin Islands, and Colorado. Each excursion you take to these faultless Ritz areas, you’ll be met with exceptional tender care, accommodating staff individuals, unparalleled amenities, and that’s only the tip of the iceberg.
Unfortunately, the best can sometimes mean paying a substantial amount of fees. There’s no doubt that, over time, this can become quite burdensome. So, whether you want to sell a Ritz Carlton timeshare or just simply get rid of it, know you’ve come to the right place. Continue reading to learn more about how to get out of the Ritz Carlton timeshare. Or you can initiate a Live Chat to learn more through a free personalized consultation. We can help you find the best solution ideal for your timeshare situation.
Who Owns Ritz Carlton?
Timeshare destination clubs are a venture for people who love to travel and desire exclusive 5-star services and amenities.
The Ritz Carlton has 91 lavish hotels and resorts throughout the world. The Americas, Europe, Africa, Asia, and the Middle East are all locations where you can find a Ritz Carlton.
The Ritz Carlton offers what is known as the Ritz Carlton Destination Club. This is alluded to as a “value club.” Members of this club approach fashionable, private homes, and first-in-class travel services. There are two sorts of enrollments, the Home Club Membership and the Vacation Club Points Membership.
The Ritz Carlton offers its owners two flexible enrollment programs where they can figure out where, for how long, and what season they might want to travel. It offers fragmentary, deeded timeshare opportunities, point-based timeshares, and permits timeshare owners to use a certain percentage of their points. The focus is to provide an opportunity for Ritz Carlton timeshare owners to exchange their points across the Ritz vacation network.
And as a subsidiary of Marriott, you will likewise have access to the 70 Marriott Vacation Club Resorts worldwide. Unfortunately, the Ritz Carlton destination club has had problems with depreciation. Some owners have lost 80% of their original investment.
Founded by James E. Lambert in 1975, Vacation Village has held some of the most exclusive destinations throughout the United States. With resorts like Vacation Village at Parkway, or Vacation Village at Weston, it’s no wonder they partnered up with RCI and Interval International. Together they’ve created ‘Vacation Village Resorts and Affiliates’ with one goal; to give owners various options unlike no other.
If you’re searching for the secret to a Vacation Village Timeshare Cancellation, search no further. Our team put together this helpful guide to show you a step-by-step process on how to cancel a Vacation Village timeshare. Let’s begin.
The Ritz Carlton Lake Tahoe
The Ritz Carlton Lake Tahoe destination club offers a great spot to remain in the cooler months. Powder-like snow covers the grounds and allows for an extraordinary ski or snowboarding experience. Common conveniences include private stopping, pools and hot tubs, chimneys, and in-unit clothing. There are also other shopping and dining choices close by.
The Ritz Carlton St Thomas
The Ritz Carlton St. Thomas destination club is an ideal spot for guests who are hoping to encounter tasteful island living. The property has a vast sailboat available to guests, a rich spa and fitness center, tennis courts, high-end food, children’s amusement, and more!
If you recently purchased a Ritz Carlton timeshare, then you may still qualify for your rescission period. The rescission law applies to all timeshare owners under the Truth in Lending Act (TILA).
If you recently purchased a Ritz Carlton timeshare, then you will need to act quickly! An average rescission period can last 3-14 days.
Not sure of the length of your rescission period? Our team recommends you look into your state rescission laws. Be careful because this doesn’t mean the state where you live in! We mean determining the state rescission laws of where you made your purchase.
Knowing this could save you thousands if you catch it in time! When it comes to rescinding your contract, most resorts require you to mail a written cancellation letter. We recommend purchasing expedited mail to avoid any issues. Paying a couple of extra dollars could save you tons in cancellation fees! Click here to learn more about rescission.
How To Sell My Ritz Carlton Timeshare
One option is putting your Ritz Carlton timeshare on the resale market. But the first thing our team recommends you do is you contact your resort.
Exploring the resale market can be a dangerous place. If you don’t tread carefully, you could become the victim of a resale scam. This is because finding a buyer to purchase your timeshare can be like finding a needle in a haystack. The truth is that most timeshares depreciate immediately once purchased – and the Ritz Carlton timeshares are no exception.
If you search for Ritz Carlton timeshares for sale on eBay.com or craigslist.com, you will quickly find, just like most timeshares, bids are listed as low as $1. It won’t be long before you realize the value of your timeshare is little to nothing, and it won’t be easy to sell. This has made tons of timeshares owners desperate to sell their timeshares. And who could blame then? Owning a timeshare can truly become a burden. The issue is resale companies feed of this desperation lurk throughout the resale market like sharks in the ocean.
If you decide to go for the resale route, make sure a resale company doesn’t charge you high upfront fees. Our team suggests working with a company with no up-front fees to avoid any timeshare exit scam.
How to Cancel Ritz Carlton Timeshare Contract
Selling a Ritz Carlton timeshare can be exhausting. And we understand your rescission period is a time-sensitive task. Anyone could miss it! So, what now?
If you want to learn how to cancel Ritz Carlton timeshare contract, we always say the best way is by doing so legally. This is why we recommend you hire a timeshare exit company that works alongside attorneys.
Reputable timeshare exit companies typically have attorneys that look for misrepresentations or loopholes in your agreement. Normally, they will ask you various questions on what was said to you and how you were treated during the timeshare sales presentation. Other exit companies will charge you up-front, and very few timeshare exit companies offer an escrow payment option.
We suggest hiring a company with no up-front fees and offers an escrow so you stay protected. The FTC and the BBB have warned timeshare owners against paying up-front to exit their timeshare contracts. We recommend escrow because this eliminates all upfront fees paid directly to the exit company. By doing this, you remove all the risk of becoming a victim of a timeshare exit scam. Learn more about why escrow is essential by clicking here.
In conclusion, if you’re wondering how to get out of a Ritz Carlton timeshare, act quickly! Timeshares can be stressful mentally and financially. If you went on vacation and were unfortunately victimized into signing a timeshare, know you have options. Increasing maintenance fees and monthly costs can genuinely make a timeshare feel like a burden. And let’s not forget the constant phone calls to upgrade your timeshare for more money.
As we explained the multiple options, we always recommend you get everything in writing, primarily if you work with a timeshare exit company that uses attorneys. Having everything in writing will help you stay protected from potential timeshare scams. Read more about timeshare exit scams here.
There are numerous timeshare scams every year. Contact our team so we can help you determine if a timeshare exit company is legitimate, and we recommend working with timeshare exit companies that offer escrow, so you pay no up-front fees. Know your legal right so you can exit your timeshare contract legally. Read over our website, fill out the form on the right, or contact us through Live Chat for a free informational consultation.