How to get rid of a timeshare you no longer want ....

ken1193 wrote:

darraughb wrote:

I read that it was a good idea to use your week and while there market your timeshare for sale to interested buyers while at the resort. Anyone had any luck with this? If so, what process did you use?

I'm not sure what you read (or where you read it), but I frankly have my doubts about its merit or credibility. Folks already at the resort during the same week you are there likely either own there already (the very same week you own, in fact) or are there on an exchange or rental. Not exactly the ideal "interested buyer" pool. The only part of this idea which even potentially makes much sense to me would be *IF* there happened to be a resale office on site, they might be able to give you a clear picture of current demand, market value, etc. and which may (for a hefty commission, of course) agree to try to sell your week for you. If you're truly desperate, while on site you could also inquire about the resorts' "deedback" policy (they might agree to take ownership back from you, a process in which you are essentially giving your week away for free). Even then, there must be no exisiting mortgages, liens, or other encumbrances and all maintenance fees must be paid up to date.

However, if you have not been doing it, USING your timeshare is a very very good idea! Don't waste what you have and what you are paying for ! MD

adahiscout wrote:

ken1193 wrote:

darraughb wrote:

I read that it was a good idea to use your week and while there market your timeshare for sale to interested buyers while at the resort. Anyone had any luck with this? If so, what process did you use?

In response to the question of trying to market a timeshare week you want to sell to someone staying at the resort while you're there, it might work. I actually have a friend who bought a week at Marriott's Grand Ocean Resort in Hilton Head, SC that way. She was actually staying at the resort, had rented from Marriott, and liked it. She apparently got into a conversation with a man who wanted to sell his week due to family illness. She bought it from him directly - paid $5,000 for a Gold (floating Spring / Fall) week at the Grand Ocean. If you know the resort you know she got a steal over what the man paid when he bought it. However, she cannot exchange use of the week for Marriott points as she did not buy directly from Marriott. But she can use it herself, rent if out, or bank it with II. She's happy, and apparently so is the former owner! Good luck! Kathi Lucas

I'm not sure what you read (or where you read it), but I frankly have my doubts about its merit or credibility. Folks already at the resort during the same week you are there likely either own there already (the very same week you own, in fact) or are there on an exchange or rental. Not exactly the ideal "interested buyer" pool. The only part of this idea which even potentially makes much sense to me would be *IF* there happened to be a resale office on site, they might be able to give you a clear picture of current demand, market value, etc. and which may (for a hefty commission, of course) agree to try to sell your week for you. If you're truly desperate, while on site you could also inquire about the resorts' "deedback" policy (they might agree to take ownership back from you, a process in which you are essentially giving your week away for free). Even then, there must be no exisiting mortgages, liens, or other encumbrances and all maintenance fees must be paid up to date.

=========== Does not sound like a bad idea to me, if you can strike up conversations with others who are enjoying the resort. If this is not a fixed week, current owners who are there might well consider buying more time Resale if they like the place and why shouldn't someone who exchanged into the resort and liked it be interested if the price is right? Making contacts is not always easy, however, unless you are naturally very gregarious. One can spend a lot of time alone at resorts and get to know no one.

However, if you have not been doing it, USING your timeshare is a very very good idea! Don't waste what you have and what you are paying for ! MD

Donate it..Go to Google and type in "How to donate a timeshare" You will get multiple choices and organizations that you recognize and trust. And please be sure to check with your tax advisor as to how you can claim the loss on your income tax..Mine was considered as a donation to charity and the IRS has verified (yes I called them also) that this is a legitimate deduction.

gayler5 wrote:

I have a timeshare at a wonderful resort in Orlando. There are people interested in buying it until they find out how much the maintenance fee is!! I've dropped the asking price from $13,000 to $7,500.

Any suggestions? I haven't used the week for this year and I do have a lot of RCI points. For financial reasons I need and want to sell the timeshare by the end of January.

Help!! Also, I'm not that familiar with renting it?

Thanks, Gayle

We own a timeshare at Orange Lake Resort in Orlando, Florida and Westgate Myrtle Beach Ocean Front. Do you think we would have a problem selling or should we rent?

cassandrag12 wrote:

We own a timeshare at Orange Lake Resort in Orlando, Florida and Westgate Myrtle Beach Ocean Front. Do you think we would have a problem selling or should we rent?

Depends on many factors including the time designation that you own (spring, summer, fall, winter which controls supply and demand), however don't expect to get anywhere near on the resale market what you paid the developer (if you bought developer). Typically resales bring about 1/4 of what was paid the developer if your week is marketable at all.

There are so many resales at Orange Lake that you'll have to price your timeshare very competitively.

Concerning renting, I would check all the rental sites to see how much people are getting for rentals at OLCC and Myrtle Beach during your time designation.

Here on Redweek, if a week has been rented it will show RENTED on the ad.

jayjay wrote:

cassandrag12 wrote:

We own a timeshare at Orange Lake Resort in Orlando, Florida and Westgate Myrtle Beach Ocean Front. Do you think we would have a problem selling or should we rent?

Depends on many factors including the time designation that you own (spring, summer, fall, winter which controls supply and demand), however don't expect to get anywhere near on the resale market what you paid the developer (if you bought developer). Typically resales bring about 1/4 of what was paid the developer if your week is marketable at all.

There are so many resales at Orange Lake that you'll have to price your timeshare very competitively.

Concerning renting, I would check all the rental sites to see how much people are getting for rentals at OLCC and Myrtle Beach during your time designation.

Here on Redweek, if a week has been rented it will show RENTED on the ad.

Cassandra, I noticed you posted a RedWish ad looking to rent or sell your units. The RedWish section is for people to post a request to Rent or Buy a timeshare. Did you advertise your sale or rent in the Timeshares for Rent & Sale section?

mike1536 wrote:

jayjay wrote:

cassandrag12 wrote:

We own a timeshare at Orange Lake Resort in Orlando, Florida and Westgate Myrtle Beach Ocean Front. Do you think we would have a problem selling or should we rent?

Depends on many factors including the time designation that you own (spring, summer, fall, winter which controls supply and demand), however don't expect to get anywhere near on the resale market what you paid the developer (if you bought developer). Typically resales bring about 1/4 of what was paid the developer if your week is marketable at all.

There are so many resales at Orange Lake that you'll have to price your timeshare very competitively.

Concerning renting, I would check all the rental sites to see how much people are getting for rentals at OLCC and Myrtle Beach during your time designation.

Here on Redweek, if a week has been rented it will show RENTED on the ad.

============ Keep in mind that although RedWeek indicates RENTED, it doesn't indicate the actual rental price. If you have a popular week and do not charge an exorbitant amount, you have a good chance of renting the unit. I always try to be on the low end of the scale. Make enough to cover my annual fees plus a small profit. Don't limit you rental ads to RedWeek. I've gotten good responses from vacationtimesharerentals.com. Also check out the Want Ads as well.

Cassandra, I noticed you posted a RedWish ad looking to rent or sell your units. The RedWish section is for people to post a request to Rent or Buy a timeshare. Did you advertise your sale or rent in the Timeshares for Rent & Sale section?

jayjay wrote:

cassandrag12 wrote:

We own a timeshare at Orange Lake Resort in Orlando, Florida and Westgate Myrtle Beach Ocean Front. Do you think we would have a problem selling or should we rent?

Depends on many factors including the time designation that you own (spring, summer, fall, winter which controls supply and demand), however don't expect to get anywhere near on the resale market what you paid the developer (if you bought developer). Typically resales bring about 1/4 of what was paid the developer if your week is marketable at all.

There are so many resales at Orange Lake that you'll have to price your timeshare very competitively.

Concerning renting, I would check all the rental sites to see how much people are getting for rentals at OLCC and Myrtle Beach during your time designation.

Here on Redweek, if a week has been rented it will show RENTED on the ad.

cassandrag12 wrote:

mike1536 wrote:

jayjay wrote:

cassandrag12 wrote:

We own a timeshare at Orange Lake Resort in Orlando, Florida and Westgate Myrtle Beach Ocean Front. Do you think we would have a problem selling or should we rent?

Depends on many factors including the time designation that you own (spring, summer, fall, winter which controls supply and demand), however don't expect to get anywhere near on the resale market what you paid the developer (if you bought developer). Typically resales bring about 1/4 of what was paid the developer if your week is marketable at all.

There are so many resales at Orange Lake that you'll have to price your timeshare very competitively.

Concerning renting, I would check all the rental sites to see how much people are getting for rentals at OLCC and Myrtle Beach during your time designation.

Here on Redweek, if a week has been rented it will show RENTED on the ad.

============ Keep in mind that although RedWeek indicates RENTED, it doesn't indicate the actual rental price. If you have a popular week and do not charge an exorbitant amount, you have a good chance of renting the unit. I always try to be on the low end of the scale. Make enough to cover my annual fees plus a small profit. Don't limit you rental ads to RedWeek. I've gotten good responses from vacationtimesharerentals.com. Also check out the Want Ads as well.

Cassandra, I noticed you posted a RedWish ad looking to rent or sell your units. The RedWish section is for people to post a request to Rent or Buy a timeshare. Did you advertise your sale or rent in the Timeshares for Rent & Sale section?

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DONATE DONATE DONATE DONATE DONATE CHECK INTO IT..IF YOU HAVE A DESIRABLE LOCATION AND TIME IT IS NOT VERY HARD. IF YOU HAVE A TERRIBLE LOCATION AND TIME YOU MAY HAVE TO LOOK AROUND FOR A CHARITY THAT WILL TAKE YOUR TIMESHARE AS A DONATION. BUT IT DOES NOT COST ANYTHING TO GO TO GOOGLE AND TYPE IN "DONATE A TIMESHARE" THERE WILL BE A LOT OF REPUTABLE ORGANIZATIONS THAT WILL APPEAR AND A LOT OF GOOFS THAT WANT YOU TO PAY THEM TO SELL YOUR TIMESHARE FOR A DOLLAR ON EBAY. AND BE CAREFUL. DEAL WITH AN ESTABLISHED ORGANIZATION THAT GIVES YOU THE DETAILS IN PLAIN ENGLISH AND IN WRITING.. WORKED FOR 6 COUPLES THAT I KNOW PERSONALLY AND THEY ALSO ENJOYED THE FACT THAT THEY WERE ABLE TO WRITE OFF THE FAIR MARKET VALUE OF THEIR TIMESHARE WEEK. THIS IS A PUBLIC FACT AND EASY TO OBTAIN UNDER THE FREEDOM OF INFORMATION ACT. THE RESORTS HAVE TO PAY TAXES ON EACH UNIT TO THE GOVERNMENT AND THE TAXES THEY PAY ARE PUBLISHED. THAT IS FOR ANOTHER GOOGLE SEARCH. HAVE FUN. ASK QUESTIONS AND I WILL BE BACK WITH ANSWERS IF YOU RUN INTO ANY OF THESE GOOFS WHO COME ON THIS SITE TO SAY "OH YOU CAN'T DO THAT!" WELL, OH YES YOU CAN..IF YOU FEEL THAT STRONGLY ABOUT GETTING RID OF IT AND CARE NOTHING ABOUT MAKING A PROFIT THERE IS ANOTHER WAY. DONATE, DONATE, DONATE, DONATE..

william8 wrote:

DONATE DONATE DONATE DONATE DONATE CHECK INTO IT..IF YOU HAVE A DESIRABLE LOCATION AND TIME IT IS NOT VERY HARD. IF YOU HAVE A TERRIBLE LOCATION AND TIME YOU MAY HAVE TO LOOK AROUND FOR A CHARITY THAT WILL TAKE YOUR TIMESHARE AS A DONATION. BUT IT DOES NOT COST ANYTHING TO GO TO GOOGLE AND TYPE IN "DONATE A TIMESHARE" THERE WILL BE A LOT OF REPUTABLE ORGANIZATIONS THAT WILL APPEAR AND A LOT OF GOOFS THAT WANT YOU TO PAY THEM TO SELL YOUR TIMESHARE FOR A DOLLAR ON EBAY. AND BE CAREFUL. DEAL WITH AN ESTABLISHED ORGANIZATION THAT GIVES YOU THE DETAILS IN PLAIN ENGLISH AND IN WRITING.. WORKED FOR 6 COUPLES THAT I KNOW PERSONALLY AND THEY ALSO ENJOYED THE FACT THAT THEY WERE ABLE TO WRITE OFF THE FAIR MARKET VALUE OF THEIR TIMESHARE WEEK. THIS IS A PUBLIC FACT AND EASY TO OBTAIN UNDER THE FREEDOM OF INFORMATION ACT. THE RESORTS HAVE TO PAY TAXES ON EACH UNIT TO THE GOVERNMENT AND THE TAXES THEY PAY ARE PUBLISHED. THAT IS FOR ANOTHER GOOGLE SEARCH. HAVE FUN. ASK QUESTIONS AND I WILL BE BACK WITH ANSWERS IF YOU RUN INTO ANY OF THESE GOOFS WHO COME ON THIS SITE TO SAY "OH YOU CAN'T DO THAT!" WELL, OH YES YOU CAN..IF YOU FEEL THAT STRONGLY ABOUT GETTING RID OF IT AND CARE NOTHING ABOUT MAKING A PROFIT THERE IS ANOTHER WAY. DONATE, DONATE, DONATE, DONATE..

mike1536 wrote:

william8 wrote:

DONATE DONATE DONATE DONATE DONATE CHECK INTO IT..IF YOU HAVE A DESIRABLE LOCATION AND TIME IT IS NOT VERY HARD. IF YOU HAVE A TERRIBLE LOCATION AND TIME YOU MAY HAVE TO LOOK AROUND FOR A CHARITY THAT WILL TAKE YOUR TIMESHARE AS A DONATION. BUT IT DOES NOT COST ANYTHING TO GO TO GOOGLE AND TYPE IN "DONATE A TIMESHARE" THERE WILL BE A LOT OF REPUTABLE ORGANIZATIONS THAT WILL APPEAR AND A LOT OF GOOFS THAT WANT YOU TO PAY THEM TO SELL YOUR TIMESHARE FOR A DOLLAR ON EBAY. AND BE CAREFUL. DEAL WITH AN ESTABLISHED ORGANIZATION THAT GIVES YOU THE DETAILS IN PLAIN ENGLISH AND IN WRITING.. WORKED FOR 6 COUPLES THAT I KNOW PERSONALLY AND THEY ALSO ENJOYED THE FACT THAT THEY WERE ABLE TO WRITE OFF THE FAIR MARKET VALUE OF THEIR TIMESHARE WEEK. THIS IS A PUBLIC FACT AND EASY TO OBTAIN UNDER THE FREEDOM OF INFORMATION ACT. THE RESORTS HAVE TO PAY TAXES ON EACH UNIT TO THE GOVERNMENT AND THE TAXES THEY PAY ARE PUBLISHED. THAT IS FOR ANOTHER GOOGLE SEARCH. HAVE FUN. ASK QUESTIONS AND I WILL BE BACK WITH ANSWERS IF YOU RUN INTO ANY OF THESE GOOFS WHO COME ON THIS SITE TO SAY "OH YOU CAN'T DO THAT!" WELL, OH YES YOU CAN..IF YOU FEEL THAT STRONGLY ABOUT GETTING RID OF IT AND CARE NOTHING ABOUT MAKING A PROFIT THERE IS ANOTHER WAY. DONATE, DONATE, DONATE, DONATE..

=========== I agree with William, donation is a great idea. Be sure to read all the requirements of the organization. For starters there cannot be any liens on the property and all maintenance fee payments must be up-to-date. I don't know if there are many organizations that will take the title outright , most will see if they can find a buyer first. Good Luck

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DONATION is a great way to create a win win situation. You get a tax deduction and the charity makes some money to help thier cause. With the resale market being so low it is hard to sale a timeshare for anywhere close to the original cost.... Check out www.TREJESTO.com to donate your timeshare... you will be glad you did. :-)

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andria wrote:

DONATION is a great way to create a win win situation. You get a tax deduction and the charity makes some money to help thier cause. With the resale market being so low it is hard to sale a timeshare for anywhere close to the original cost.... Check out www.TREJESTO.com to donate your timeshare... you will be glad you did. :-)

andria, does TREJESTO.com take any and all timeshares or are they selective in what they will take. Looks to be a very good cause ... thanks.

jayjay wrote:

andria wrote:

DONATION is a great way to create a win win situation. You get a tax deduction and the charity makes some money to help thier cause. With the resale market being so low it is hard to sale a timeshare for anywhere close to the original cost.... Check out www.TREJESTO.com to donate your timeshare... you will be glad you did. :-)

andria, does TREJESTO.com take any and all timeshares or are they selective in what they will take. Looks to be a very good cause ... thanks.

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Thanks for your question, it is a WONDERFUL Cause. I have been there many times and know that the money is used to to help these wonderful animals who are unable to help themselves.

We try to take as many timeshares as we can. We are way more flexible than other charities and have many sources which we offer the timeshare to. The limitations that we have are if it is in an area we are unable to close/transfer (ex. bahamas) or if the usage is low season. There are some as you well know that you cannot give away. :-)

Remember that our mission is to help the charity not hinder it.

Thanks again -- Andria www.trejesto.com

I have a property in Maui I want to sell. Let me know how I can do this. Thanks

cindyn54 wrote:

I have a property in Maui I want to sell. Let me know how I can do this. Thanks

You can list it on Redweek ... if you price it right it''ll more than likely sell ... Hawaii is a very popular destination. Good luck !

This was much easier when I was a kid! Then they used vacation trailers before timeshares and you just pulled them behind your car on your vacation and stayed in vacation parks for few days.

When it was time to get rid of it you just drove up a mountain with the hookup loose and next thing you see its gone.

Of coarse if you made the top of the hill it might just pass you going down other side.

Many vacationers lost there trailers that way and there were stories that many mother in-laws were in those trailers too! Git-R-Done

THAT AIN'T FUNNY!

Sorry you are having problems.

I just bougt two timeshares on e-bay and I believe I received a good deal. One I bought at the Resort at Cocoa beach for $900, 2 bedroom 2 baths (float red week) and I know I will use this one. It is close to port canaveral so I can use it on the way to a cruise, go to Disney or since I am in real estate, I can even use it for a give away for a drawing on a open hose or a realtors luncheon to draw realtors to high end homes. I bought another one (Driftfoot Inn) for a $1. and it is also worth it as I can trade it for other vacations. My total maintenance on both resorts is $1,200 and I usually spend at least $2,000 for accomodations in a year. My broker travels all around the world on his timeshares by trading with RCI and he told me to make sure to get one right on the beach as it will trade for 4 or 5 star resorts just about anywhere.

If I were you, I would rent it on this site or e-bay like the other poster said, and try to sell it for cheap if you can't pay the maintenance fee or don't want to deal with renting it.

After I go to both of my timeshares this year, I would love to trade through RCI or directly with others. I know that you just need to learn how to trade yours so that you can get back the money at least to cover maintenance.

I wanted one in Orlando but didn't go for it because it seemed like there was a lot of inventory there.

Good luck!