I have a Sheratin Vacation Resort Timeshare and I want to sell it now? I’ve heard so many horror stories about companies that claim they can sell your timeshare but they want hundreds of dollars upfront. What do I do?

I can tell you my horror story with my timeshare. We bought in Ormond Beach, in 1982. We used our place one time and traded about 20. As you may know it costs about $150 to trade through Interval International and RCI. The rest of the years we had it rented out. We got to pocket about $250 each year we did this.

By the time you figured out purchase price, yearly maintenence fees, special assessments and trading costs, you have spent much more than renting a hotel room.

We tried every means available to sell our unit. We tried the large realtors, who advertise on TV, the little guys, the auctioneers, anybody and everybody.

We could not find a soul you did not want money up front. I they really have a service to sell, they wouldn’t want money up front.

We finally sold oyr unit to the owners of the condo for 10% of what we paid for it. We did this just before the hurricanes hit Ormond Beach in 2004.

Good luck.

I just purchased a timeshare property with my sister who is still in college. I’m just wondering if her name is on the deed if she will have to claim that somewhere on taxes this year?

Not until it’s sold, or if you rent it out and make money from it rather than using your time yourselves.

My Nan is now a widower and has a timeshare she no longer requires. Attached to the time share is 109,000 RCI points. Does any one know the best way to go about this?

Any usefull information will be highly appreciated.

First you want to check with RCI to see if those points are transferable. A lot of what RCI offers does not transfer to another member. If they can not be transferred just cancel the membership and save that money right away. If you can Sell the RCI points you just include them on the sale of your timeshare. You can try sites like ebay or craigslist but you’re going to get very low offers and have to deal with peoples questions, and trust me I tried this method they have a lot of questions. there are websites that deal with just timeshare resale like the company I went with http://www.buyatimeshare.com.

Good luck remember timeshares are not an investment just sell it to get out of it don’t think your going to make money on it

I have a silverleaf timeshare I paid $8,000 years ago. I don’t use any more. It is a red time week 33 at Holly Lake has excape, a campground and includes 7 resorts. What is the best way to sell it or trade for something of value?

With or without losing your shorts…………..?

If i only want to use wyndham/fairfield resorts, are resale points treated any different than the points that i but from wyndham? If I did want to use a different timeshare, how do i trade my points? Can I use my points for other things like cruises, airfare, and rental cars?

Yes — they are different. To trade your points for a different timeshare, you need to belong to a timeshare broker organization, such as RCI or II. For a fee, they allow you to exchange your "points" for other properties, get airline miles, rental cars, etc..

Have a timeshare for Orlando Week 51 I have tried to sell for a year through two listings to no avail. How do I get out of the maintence fees which continue to rise? I do not want this burden anymore as I have health issues.

how about an insurance fire!!!

There are a lot of scam artists who ask for an up-front fee to cover their "marketing costs". There is no guarantee that they will ever sell your timeshare. And, if they’re being paid up-front, they have no incentive. Any ideas?

I bet they didn’t tell you that a timeshare is like buying a car. It depreciates the minute the ink dries. For that reason the government doesn’t allow timeshare companies to offer timeshares as investments.

I don’t have any suggestions other than those programs I have seen advertised on tv. Have you tried selling it back to the company? Also you could advertise on www.craigslist.org I sold a rental house I owned sight unseen within 3 hours. Maybe you will get lucky.

I bought the timeshare with my friend in Cancun with Club Regina 6 years ago. Both of us are tired of paying the maintenance fee. Does anyone know how to give up? The timeshare is paid in full.

there are places that buy and sell timeshares
do a search and contact some

We bought a time share 2 years ago, and have only used it once. We would like to sell it for $14900. What is the quickest way to sell? Who would you recommend listing it with? Does anybody want to buy it? The timeshare is through Silverleaf Resorts.

There is a good site www.timesharesonly.com

I might be interested, but I’ve heard good and bad… What are the pros/cons of owning a timeshare?

Advantages: Timeshares on an annual basis can save you money on vacations and the amenities the resorts offer BLOW away a standard hotel or motel. You can find inexpensive resorts for sale on the resale market and the annual maintenance fees most likely will run you about $500 to $700 a year (depending on what location and size of unit you choose). You don’t have to stay at the same location on an annual basis all timeshares affiliate with an exchange company, which enables you to stay at resorts across the country and world.

Disadvantages: You will be responsible for paying the maintenance and taxes every year whether you use the unit or not. There will be restrictions on exchanging depending on the rating of your home resort (that’s where research comes in). Selling the timeshare can also be a challenging task, but if you buy resale your losses will be minimal if at all.

If you are planning on buying a timeshare I suggest doing lots of research and lots of financial planning.