nEVER EVER again. On a trip to Las Vegas we got approached by stupid representatives from a Resort. I hated the idea from the beginning. Now we are stuck with it. We haven't used it yet and probably never will. But paying stupid amount of money on these suckers. What and how can we sell without loosing anymore or being ripped off again?
2006-10-07 18:06:05 · 6 answers · asked by angelikabertrand64 5 in Business & Finance ➔ Renting & Real Estate
Try this
http://www.myresortnetwork.com/
Or.....
From clarkhoward.com
Clark has received many calls over the years from people who are stuck with a timeshare they just can't seem to sell. The truth is that timeshares are extremely difficult to sell no matter what you paid for them or when you bought them. Even if you love your timeshare, sometimes your circumstances change and you need to sell your week. The trouble is that there is no solid, active secondary market for selling timeshares because they lose about 80 percent of their value the moment they are sold. But there may be a new way to solve this problem. Clark read about the new option in the Wall Street Journal, but he wants you to keep in mind that it is very new. It’s a donation program called “Donate for a Cause,” and it allows you to donate the timeshare to a charity and claim a tax deduction of $4,900. There is no fee at all, and you don’t need an appraisal, according to the Journal. Clark wonders if there are any gotchas, and he wants you to know that you will be a guinea pig if you get involved. But he talked with the owner to find out if there are any gotchas, and he couldn't find any. Even the annual maintenance fees you have to pay are transfered with the donation. So, where does the timeshare go? When you transfer the ownership, you get a receipt for your donation and the proceeds go to a non-profit organization of your choosing. The Web site for information is donateforacause.or. The owner also recommends that you discuss the tax issues with your accountant before you deduct it.
2006-10-07 18:10:18 · answer #1 · answered by missourim43 6 · 1⤊ 0⤋
Which resort and how much do you want for it? I think there is usually a short period of time that you can rescind the contract. In any case, you can try to rent it out yourself (I may be interested) and there are all kinds of timeshare resale places on the web. Of course, you probably won't get what you paid for it but you wouldn't have to continue paying the yearly fee.
2006-10-07 18:11:22 · answer #2 · answered by Kathy R 2 · 0⤊ 0⤋
I have a timeshare in Daytona Beach Florida. I has been paid off for years and all fee maintiance fees are paid. Would really, really like to get rid of it. Just don't want to have to pay anything to do it
2014-12-26 09:24:29 · answer #3 · answered by Becky 1 · 0⤊ 0⤋
There are dozens of web sites out there that will gladly handle the resale of your timeshare. I don't want to recommend a particular one but just do a search on 'timeshare resales' and you'll get a list of sites.
Jim Reske, Realtor
ERA Advantage Realty, Inc
Port Charlotte, FL
http://www.flwaterhomes.com
2006-10-08 06:40:46 · answer #4 · answered by Realtor Jim 2 · 0⤊ 0⤋
all the answers i have read so far is true listen to them closly but also consider learning how to use it if it is properly used it can really be an asset to you as you get older alot of the places that it can take you ... are places you may never get there any other way you probally have enough family friends co workers who would take weeks that you cant use for the maintiance fees ect of course im already talking if you may have it already paid off if its not paid off then you need to weigh your cost again good l;uck
2006-10-07 18:32:01 · answer #5 · answered by sommiegenne 1 · 0⤊ 0⤋
not sure why you are so down on it. I have been using time share for years, and just love it. it costs every year, but you get a 5 star holiday for a really cheap price in comparison.... No problems from here. Just wish I had more time off!
2006-10-07 18:09:04 · answer #6 · answered by Kris R 2 · 1⤊ 0⤋