A Diamond Resort timeshare is a great way to have amazing vacations year after year, but if you are no longer in love with your timeshare, you may be wanting to sell. If that’s the case, allow us to guide you through the steps to sell your timeshare. No matter your unique situation, there is a solution for every Diamond owner.
How Do You Sell A Diamond Resorts Timeshare?
If you’re ready to sell your Diamond Resort timeshare, we recommend calling your developer first. They can speak to you about your options that are specific to your ownership. Diamond has an in-house program called Transitions that helps people figure out how to sell or get rid of their timeshare. It’s possible that Diamond might buy back your timeshare or provide great advice about what to do with it, so be sure to give them a call first!
The most common way owners try to sell their Diamond timeshare is by posting it for sale online. They do this through a specialized marketplace (like us!) or with a recommended reseller. Before we dive more into the selling process, we want to provide you with a few suggestions to consider before selling. That way you can be sure selling is the best option for you.
How To Get Out Of A Diamond Timeshare Contract
If you’re no longer wanting to use your timeshare or there is a reason you’re unable to use it, then you may be looking for your options. Getting out of a timeshare contract can be a complicated process, so it’s important to know what to expect.
Can I Cancel My Diamond Timeshare?
You may be wondering if you can cancel your timeshare. Generally, you cannot just simply cancel a timeshare unless you do so within the specified rescission period of your contract. The rescission period varies by state and is dependent on the state where your timeshare is located. Refer to your paperwork or call your resort to see if this period has already passed. As timeshares are legally binding contracts, you cannot simply walk away from your ownership. Deeded vacation ownership contracts are similar to homeownership contracts. Just like you can’t easily cancel a house deed, getting out of a timeshare contract isn’t always a simple task.
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Beware of Timeshare Exit Companies
There are timeshare exit companies and cancellation companies that will promise to cancel your timeshare contract. They may contact you out of the blue saying that they can cancel your timeshare or have a potential buyer for you. It is an illegal practice for timeshare companies to call unsolicited, so definitely be wary if you receive a random call from an exit company. Also, if someone ever suggests simply to stop paying your maintenance fees, do not listen to them. That is a really bad idea since timeshares are legally binding contracts and not paying the fees could negatively affect your credit. We suggest you be wary of such schemes because similar to other contracts, timeshare deeds cannot just be canceled.
Exit Your Diamond Timeshare Safely
The best way to avoid companies that aren’t trustworthy is to make sure they are approved by ARDA. ARDA stands for the American Resort Development Association. Headquartered in Washington D.C., the team at ARDA works to protect the timeshare industry and its owners from fraud and timeshare scams. For more resources from ARDA, visit their website designed to bring owners resources to responsibly exit their interests.
Before You Sell Your Diamond Timeshare
There are options that you should consider before you commit to selling your Diamond Resorts timeshare. There are ways that owning with Diamond can benefit you that you maybe didn’t consider before. From taking advantage of all of the member benefits to using your points in a new way, there could be options for you.
Diamond Owner Benefits
Diamond Resorts are known for having amazing amenities and accommodations. That’s why people love returning to their Diamond timeshares year after year! In addition to what the resorts offer, Diamond owners have access to a lot of incredible benefits! Diamond Resorts strives to offer its owners one-of-a-kind vacations. From live concerts to private parties, owners can take part in a ton of unbelievable (and exclusive) opportunities.
Diamond points are used to book vacations, but can also be used to make vacations better! Owners can use their points to book flights or rental cars, which is great when you’re trying to vacation on a budget. In addition, owners can use their points to book cruises! There are guided tours in various cities around the world that only Diamond owners can enjoy. What a great way to experience something new just by using your existing Diamond points!
Rent Out Your Diamond Resorts Timeshare
Did you know you can rent out your timeshare? Perhaps if you still adore your timeshare, but don’t want to use it in the foreseeable future, renting may be a good option for you. We have a rental department ready to help you post your timeshare on our marketplace. We use our resources to find renters for timeshares on our site. The great thing about renting is that you can rent it for a year or two, and it will still be yours when you’re ready to vacation with it again. If renting sounds like an option you would consider, drop a line with our rentals team. They are experts in vacation rentals.
Exchange Your Timeshare
An option that you may not have considered is exchanging your timeshare. Diamond Resorts is an RCI and II affiliated brand. Meaning that when you sign up for a membership with RCI through your timeshare, you gain access to timeshare resorts all over the world. Perhaps you want to go somewhere besides your home resort, and now you can. Exchanging can be a great way to add even more value to your vacations. RCI and II have an extensive network of timeshares and resorts waiting to be explored. We recommend considering exchanging your timeshare as an option before you sell. A change of scenery may be all you need!
How to Post Diamond Resorts Timeshare For Sale
By posting your timeshare for sale with us, we can help market it effectively to the right audience. Timeshares Only is an advertising site and we do not guarantee the sale of your timeshare, but our advertising and marketing strategy helps put more eyes on your timeshare for sale and reach more prospective buyers. We use multimedia channels and multiple distribution channels to advertise the timeshares posted for sale on our marketplace. By using TV, radio, billboards, and the internet, we can put your timeshare right in the hands of buyers. Additionally, our inventory is accessible to a number of real estate brokers and a network of timeshare investors.
Once you get an offer, our friends at Fidelity Real Estate will contact you (with your permission of course). They will go over the negotiations and closing process with you in full detail! If you’re ready to post your timeshare for sale or rent today, let us know. We are backed by ARDA and have over 25 of experience in the timeshare resale industry.
Now that Hilton and Diamond are combined, what additional benefits do current Diamond owners get? What are the primary changes (positive and negative). This recent purchase may push you forward in making a decision to sell or hold.
Hi Deb, Hilton and Diamond have not yet released a ton of information regarding the merge. You can read more here: https://www.timesharesonly.com/blog/hilton-acquires-diamond-resorts/