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Re: sELLING MY TIMESHARE (by Carvan A.):

joannac18 wrote:

I was taken for a scam before, it wasn't so long ago maybe like 6months or so, the usual way, they called me and told me they had a buyer who'd pay $2400 for my week. Of course I didn't know anything about this and payed and needed the money to help pay for my timeshare so I paid them a little bit over $500. Never heard from them again, I called and called with no success. So I've been wanting/trying to sell my timeshare since then with no success and scared or paying someone else so they walk out again with my money. It's gotten to the point that I cannot paying for it anymore but still owe plenty on it....any suggestions? dont' know what to do because is already posted on this site with no bites, I've put so much money into it and the $2K I put for down payment that I hate to loose, but at this point I just really need to sell for the remaining balance. Today I heard of www.timesharedoctor.info and how they can help you recover your money and sell your property the right way. Have any of you heard of them before? I was also considering going with www.timesharesonly.com because I've seen their commercials on TV and they fully finance the new buyer...any suggestions on them?

It is a sad story you share but unfortunately not uncommon in the timeshare industry. Too bad you were unaware of the frequent warnings posted here advising folks to never, never, ever pay an upfront fee. I am not good at shorthand but reading between the lines of your post gives me the impression that you owe more on the timeshare than it is worth. Whatever you paid for the property and whatever your down payment was have no bearing on the fair market value now. It is worth what a willing buyer will pay you no matter how much you invested.

Some timeshares are worthless for resale purposes and cannot be given away and no charity will accept them because of high maintenance and/or special assessment fees. Hopefully yours is not in that category. I suggest you lower your price until you start getting some response. You may have to accept less than you owe to sell the property.

The web site, timesharedoctor.com, you referenced is no longer active. The web site, timesharesonly.com, appears to have thousands of listings. They have an extensive list of properties they have sold but I would take this with a grain of salt. I checked some of the listing at resorts with which I am familiar and the timeshares listed tend to be over priced and the listings frequently misrepresent the maintenance fee based on my knowledge. For example, there is a listing for week 32, 2 bdrm, 3 bth, at Streamside at Vail, Aspen with a listing price of $9,000 and a stated maintenance fee of $674. The true maintenance fee/special assessment is >$1,400. The listings are probably based on the information provided by the seller but still it is very much a Caveat Emptor (let the buyer beware) situtation. Best of luck whatever you decide to do.