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If you spend any time looking around the internet at various timeshare options, or if you find yourself on vacation somewhere and are presented with the opportunity to purchase a timeshare, you already know that the sales pitch looks pretty good. There are stunning photos of people having a great time in beautiful locations, and you can easily see yourself and your family in those places, as well. Who wouldn’t want to take as many vacations as possible to sunny destinations with white-sand beaches?
This is the allure that has brought many thousands of people into the timeshare fold, but the experience often falls short of those lofty expectations. If you have purchased a Palace Elite membership previously and found that it isn’t delivering the value you hoped to receive, finding a way to cancel might be one of your top priorities at the moment. This article will discuss the options you might have available to make that happen.
What is Palace Elite?
The Palace Elite Membership is something that is offered by Palace Resorts, which is a major player in the timeshare space. There are beautiful properties throughout Mexico and the Caribbean that fall under this brand, and it is often the case that members of Palace Resorts will decide to upgrade to the Elite Membership category.
With an Elite Membership, you’ll have access to a range of privileges that are not offered to the rest of the members. That can also include getting discounts on some purchases and having the ability to upgrade to higher levels of accommodations at some of the properties. If you have been enjoying your experience as a Palace Resorts member and want to get even more out of it, you might decide that the cost to move into the Elite Membership is worth it.
Or, at least, you thought it was worth it at one point. As time passed, you may have found that it was no longer the experience that you hoped for, or it just didn’t work for your needs any longer. That’s the case for many individuals and families who hope to cancel their Palace Elite Membership so they can save money and explore other travel opportunities.
Start with the Details
If you are hoping to be able to cancel your Palace Elite membership, the first thing you’ll want to do is dig into the details of the contract. This won’t exactly be the most exciting job in the world, but it’s important to understand the terms of your agreement before you go any further.
Of course, you’ll need to have that contract on hand to be able to read it, and you might not be sure where a copy is that you can review. When in doubt, just reach out directly to the developer and ask them for a copy. They’ll be able to provide one for you and you can set aside some time to read through it and see what the terms look like.
Already tried to read your contract and didn’t understand a word of it? Don’t worry, you aren’t alone. Contracts are difficult to read without a legal background, so consider hiring someone who has just that kind of background. Retaining the services of a lawyer just to review a contract and get their input can go a long way toward helping to decide what to do next.
In some cases, you’ll find something in the contract that is very clear-cut and direct. In order to cancel, you may have to follow certain steps and make some type of payment to get out of the contract. In other cases, there won’t be much of anything outlined regarding cancellation, and you will be left looking for more answers. Either way, this process starts with the details of your contract and moves on from there.
Get In Touch and Ask Questions
One of the biggest mistakes you can make in this process is to just assume you are in a bad situation and aren’t going to have a good deal made available to you. It’s possible that is how it winds up, but don’t assume – give Palace Resorts the benefit of the doubt by reaching out to them directly to see if anything can be done about canceling quickly and easily.
In a perfect world, you will be pleasantly surprised with their answer and you will have a clear path in front of you to cancel and move on. That outcome is far from guaranteed, of course, and probably isn’t particularly likely, but you can still give it a try. In fact, you can give it more than one try – continue to reach out repeatedly to see if the answer changes and if there is anything else they have to offer that might permit you to get out of the timeshare situation that you find yourself in. You won’t be the first person who has contacted them wanting to cancel a Palace Elite Membership, and you won’t be the last, either.
Track Everything in Detail
This next point is something that might be obvious to those who regularly deal with legal matters, but it isn’t going to be so evident to everyone. When dealing with Palace Resorts about this matter, always document everything you can and have a clear record of what was said, offered, and done. The more details you can have available, and the more documentation you save, the better your position will be in the future.
What does this look like in practice? For starters, if you are emailing back and forth with Palace Resorts, save all of those messages in a dedicated folder in your email account. To go a step further, you could print them out and keep a physical file in your office to have additional documentation. If you talk on the phone rather than trading emails, ask to get a written copy of anything that you are offered over the phone, so you can prove what was said without any doubts. All of this effort might seem silly, and maybe it will never be needed, but there could be a lot of money on the line here and you’d rather have too much documentation rather than not enough.
What Alternatives Are Available?
In many ways, going directly through Palace Resorts to cancel your timeshare is going to be the most desirable option. If they are willing to work with you, and offer an arrangement that you find to be agreeable, you can get out that way and just move on. For many owners, however, that probably won’t be how it works out.
In the absence of any kind of reasonable offer from Palace Resorts regarding the cancellation of your Elite Membership, you’ll need to pursue other avenues. For one thing, you could attempt to sell the membership. This is an elevated membership, after all, so it might have some additional appeal to a certain category of buyers. There are places you can list timeshares for sale online, and if you find an interested buyer willing to take over ownership, you could get out in a timely manner.
As you probably know already, however, selling a timeshare is difficult. There aren’t a lot of interested buyers in the market, given the burdens that come with owning a timeshare, so you may struggle to get anyone’s attention with your offer. If you do manage to get lucky enough to find a buyer, that buyer might be willing to pay just a single dollar to take over the account – but that could be good enough for you to see the value in the deal.
Beyond trying to sell the timeshare, you can work with an exit company to deal with your Palace Resorts ownership situation. Exit companies are familiar with how these contracts work, and what kinds of options might be in place for canceling or otherwise getting out, and they can do the work on your behalf. It’s easy to sink a ton of your personal time and effort into this process, and you might be getting frustrated and burned out on even trying to cancel. By handing off the job to another party, you can turn your attention toward other things and know that the matter is being handled.
Looking for Professional Assistance
There may come a point in your journey with a Palace Elite membership that you decide getting third-party help would be the best way to get out of this ownership once and for all. If you’ve reached that point, or if you simply want to get some direction on which timeshare exit companies could be the right partner for you on this matter, we’d love to help get you started. Use our live chat feature here on the website or give us a call at 833-416-8796 to learn more. Thank you for stopping by!
