How do you sell a timeshare with RCI Points?
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.
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Tagged with: nan • time share • Timeshare • widower
Filed under: Selling Timeshare
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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 this 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 ads where you can start posting:
http://timeshareownerscommunity.com/
http://craigslist.com
http://ebay.com
http://recycler.com/
http://usfreeads.com/
http://www.inetgiant.com/
You cannot even give these away. The best is try and donate it to some charity just to get out from under the maintenance fees.
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