Original Message:
Re: How to get rid of a timeshare you no longer want .... (by R P.):
The problem with Orlando (and the surrounding area) is that the area is vastly oversupplied with timeshare resorts. People can go to Ebay and other listing sites and find a gold crown resort in that area for a couple thousand (plus or minus) if they do their research.
We bought a week at one of the nicer Gold Crown resorts in a very popular area of the resort in Kissimmee for almost $11K a few years ago. When we got ready to sell it the most we were offered was $2900. Of course, we took a huge loss. You'll probably have to lessen your price even more if you really want to sell it and stop paying maintenance fees.
In 99.9% percent of cases you'll never get your money back from a developer bought timeshare o the resale market. When people are looking at resales they're looking for bargains, not developer prices. We learned that the hard way.
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 $7,500Thanks for your response...My timeshare is at Kingstown Reef at the Crowne Plaza (Worldmark) in Orlando, five minutes from Disney World. It is a 2-bedroom...
I have posted an ad to rent; I've also said that I have extra RCI points which need to be used by the end of Jan, 2007. I also have not used the week for 2006.
What would you say is a "fire sale" price? I need to sell by the end of January. I am on disability for bipolar disorder and could really use the money right now!!