What’s the best way to sell a timeshare/vacation package without being scammed out of money?
February 13, 2009 · Print This Article
Clae asked:
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?
over travel
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?
over travel
Selling a timeshare can be really tough. You will be lucky to sell it for half of what you bought it for. The Timeshare User’s Group (tug2.net) has some information on how to sell a timeshare. I wish you the best. See these websites:
Time Share selling sites:
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.