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Help Selling my timeshare (by Lance C.):

margareej wrote:

I have some timeshare...I have inherit other timeshare form a family member and I wants to sell this one. Who is ligit and not Charging an upfront fee. Need some recommendations and contacts. Any help will be much appreciate.

The first and most important rule is to never ever pay anyone a large, upfront fee to sell, rent out, market, or "cancel" your timeshare. That is always a scam. From what you described, I have a stern feeling that your unit is worth about zero dollars on the resale market. You can contact some legitimate resale brokers at ltrba.com. They will be upfront and honest with you and they will probably tell you what I just told you...that your unit is worth about zero dollars resale. So don't fall for any of these scams that claim they can sell your unit for thousands of dollars.

You can try listing your unit for sale or giveaway here on RedWeek. You can also try other legitimate resale websites such as E-Bay, Craigslist, My Resort Network, or Timeshare Users Group (aka "TUG"; tugbbs.com). Make sure you are well aware of what your unit is worth approximately on the resale market and price yours accordingly. Again, this is a grim reminder that it is probably worth about zero dollars. You might even have to offer to pay closing costs (about $200) and maybe even the next maintenance fee for the new owner/taker.

Another possible suggestion if you realize that your unit is worth about zero dollars is to ask the resort's Homeowners' Association if it will take your unit back. It might ask that you pay closing costs and maybe even the next maintenance fee. This way you are not dealing with any questionable third party. It might help that you demand that they take it back and threaten not to make another maintenance fee payment. If the HOA realizes that you are serious, it might acquiesce realizing that it is cheaper and easier to take your unit back than it would be to foreclose.