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Re: Successful Resales & Rental Feedback Wanted (by Mary Anne K.):

In early 2009, I successfully sold my 3 Bedroom Timeshare at Orange Lake River Island on Redweek. We took quite a beating on the price, but we didn't give it away either. I sprung for an analysis, and was told that in the current market, the best I could expect to get was $9,000, so when I got an offer for that amount, I accepted it. I was a bit dismayed, when, just as the sale was about to go into escrow, I got another offer for the full asking price from someone who was visiting the resort at the time ! I e-mailed back, and explained the situation to him and said that if, by any chance the sale didn't go through I would let him know, but of course, it did. I was pleased to discover, though, that the loss can be declared on your income tax as a Capital Loss. Just be certain that all of your paperwork is in order. I haven't been quite as successful at renting, but last year when we were out of town for 6 weeks with limited access to a computer, I discovered when we got home that several offers had come in at the last minute. By then, the week had passed. (we own a fixed week in Ft Lauderdale). Lesson learned...keep checking your listing, even when you are not home!!! If it costs a little to use an internet cafe, do it.