Timeshare cancellation is where you have the option to cancel your membership contract with a timeshare resort or hotel for any reason and be issued a refund. Timeshare resorts often offer this as part of their membership contracts, and many times, there are funds from previous memberships that can be used to help offset the cost of cancelling.
Benefits of Sapphire Timeshare Cancellation
Below are the benefits of Sapphire Timeshare Cancellation.
- A Sapphire Timeshare Cancellation provides you with tax relief.
The majority of timeshare owners pay gross annual taxes, which is the total amount of taxes due. By cancelling, you would have a reduction in your gross annual tax liability and be able to save money.
- You can choose an installment or lump sum when canceling.
In most cases, you have the option to cancel your timeshare and obtain a refund in either one lump sum or as payments over time. Sapphire deals with this by providing the option to cancel at anytime and receive the refund all at once and with less paperwork than if they were sent monthly payments over a period of time.
- Your timeshare can be sold for a profit.
By having the ability to use your timeshare for a short period of time and then sell it, you could make a profit from your investment. With Sapphire, you have the choice to sell your timeshare at any time in the future and also receive tax benefits on the sale. You can keep some or all of the money when selling, which gives even more potential profits.
- You have access to a legal team.
With Sapphire, you are not alone when filing for a timeshare cancellation. There is a legal team that can help you with the paperwork and process; an attorney will be available 24/7 if you have any questions or concerns about your application for timeshare cancellation.
- The refund is immediate.
When cancelling through Sapphire, the refund will be transferred directly into your account as soon as possible once the paperwork has been processed completely. There are no delays in receiving the funds because of Sapphire’s quick turnaround time when talking to all parties involved and putting together all of the documents needed to complete your request for a refund on your timeshare.
- Access to the Vacation Protection Plan.
The Vacation Protection Plan provides you with 24/7 access to thousands of national and worldwide resorts that are under contract with Sapphire. The plan offers a free trip cancellation with no fees, and also provides access to medical and travel insurance for your family members.
Conclusion
Sapphire Timeshare Cancellation is a great option if you are in the market for cancelling your timeshare. If you have decided that a timeshare is not right for you, be sure to take all the steps needed to ensure that your investment will be protected and that you will get all of your money back.
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