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Re: Selling Diamond Resorts Timeshare (by Lance C.):

kathrynh118 wrote:

Just trying to figure out how to sell. The dues and membership are over $2400 and $400.

For one thing, you have to be up to date on your mortgage and maintenance fees. Nobody is going to want to buy a unit that has fees owing on it.

Secondly, you have to figure out what your unit is worth on the resale market. The majority are worth about zero right now. Many owners are having problems giving their units away.

Whether your unit is worth a few thousand or zero, you'll want to advertise your unit for sale or giveaway on an efficient timeshare website. You can start here on RedWeek. You have to pay an annual membership fee of $15. Then you have to pay about $60 for each ad.

Some other good sites are My Resort Network (about $50 for a listing), E-Bay, Craigslist, Timeshare Users Group (free listings with a $15 membership), and BidShares. You might have to advertise that you simply want to give your unit away. If you're motivated and determined to give your unit away, you can offer to pay the closing costs (about $150 through Legal Timeshare Transfers) and even the next maintenance fee.

Just don't fall for any more of these schemes that promise you big bucks for you unit if you pay a large, upfront fee.