How to cancel/sell back a new purchase

[cavecricket]

Hey guys,

I regret to say it but I am seriously considering cancelling/selling. I am just not happy at this point and I feel I may have acted too quickly. I was wondering as the 15 day cancellation period has passed what steps I will need to take. Will there be penalties? Will we get our deposit back? How bout getting back the 2005 prorated dues I just paid? WIll it be a lengthy process? We signed and became owners 10/2005. Any help will be greatly appreciated. Perhaps in a few years I will be ready. thanks in advance.

 

[RobDoc]

You should call your guide and see what may be done. Since the recision period has long passed, your only choice may be to sell your contract- either yourself or thru a broker.

If DVC is unwilling/unable to bend their policies you might just want to give The Timeshare Store a call to sell if they can assist with your sale.

Good luck!

 

[pezpam]

If you really think you'll want back in a few years from now, you might look into renting your points for a while if it works for you financially. Look into what you could realistically sell for and how that stacks up against renting out your points. I'm not a timeshare expert, but you'd really need to see if what you can sell for is anything close to what you bought for......

 

[calypso*a*go-go]

Sorry your situation has changed regarding owning a DVC membership. Hope everything works out for you.

 

[DebbieB]

Did your contract actually close? If so, I think your only choice will be to sell through the resale market.

 

[Dean]

It sounds like you have no option other than to resell at a loss or keep it. Talk to your guide as the state 10 day cancellation period starts at the poinnt you get all of the required materials.