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Original Message:

Why would someone sell a timeshare for $0? (by Lance C.):

cynthiaf91 wrote:
Why would someone sell a timeshare for $0? Is there something wrong with it? Is there a reason no one wants it? If I took one, would I end up regretting it? Is it risky?

Thanks

Lots of timeshares are being listed "for sale" for $0 because the owners desperately are wanting to get rid of them. Likely the owners are no longer using the timeshares and want to relieve themselves of the yearly maintenance fees (and possible special assessments).

If you're looking to pick up one of these free timeshares, make sure you do your homework. Ask yourself some soul-searching questions such as: Can I afford the yearly maintenance fees? Will I travel to this resort at least every other year? What will I do if a large, untimely special assessment comes (see discussions about Poipu Point in Kauai)? If I die, will my heirs or the executor of my estate know what to do with the timeshare? What does it cost to rent there for a week (from a current owner) compared to the yearly maintenance fees?

If you are going to "buy" one, you are definitely wise to look for some cheap/free ones because there are many out there (as opposed to directly buying from the resort or its developer). Just make sure that you plan to use it often and are prepared to pay the maintenance fee bills each year (whether or not you use it that year)>