Have you sold your timeshare? How did you do it and how long did it take?
My ex and I have a timeshare we paid in full about 10 years ago. Now neither of us no longer use it nor care to pay the maintenance fees. We want to sell it and do not want to get scammed with paying up front fees. Has anyone actually had success in selling their timeshare? How did you do it? Also, how long did it take to sell?
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Tagged with: 10 years • maintenance fees • Timeshare
Filed under: Selling Timeshare
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Timeshares can be sold but you will take a huge loss on it if you want to get it done, practically you need to give it away and post it for $200 to $600 USD. If will depend on the quality of the timeshare if it sells quick or if it sells at all.
If there is a mail box or a community bulletin board at your home resort, you can put a “For sale” sign. This will pressure the developer specially if they sell it for $20,000 USD and you offer it for $5,000. Sometimes on the fine print of some sale agreements says that the developer has the first right to buy if your place is ever sold. I have heard of developers paying the money (as long as is not too much) just to take the sign out.
To resale or rent a timeshare is a hard task, the basic rule is not to pay money up-front, don’t be another victim of a scam.
Unfortunately over 50% of people that really need to sell their timeshare falls for these resale scams where they charge money upfront and less than 10% of them use their only real option which is to post it or offer it trough free advertising options as much and as many sites as they can (it is ok to pay a few dollars to post in a great place but no more that $20 to $30).
Timeshares do not have resale value and in most situations you would take a loss in what you paid for, as they resale for less than $2000 USD.
There are some free classified where you can post:
http://timeshareownerscommunity.com/
http://craigslist.com
http://ebay.com
http://recycler.com/
http://usfreeads.com/
http://www.inetgiant.com/