How to sell my timeshare.

We bought it in June 2006 and only used it once and no longer have a need for it.

josephiner20 wrote:

We bought it in June 2006 and only used it once and no longer have a need for it.

Depending on the supply and demand of your resort and time owned in this economy many timeshares can't even be given away especially in overbuilt areas and off season times.

Some people are placing ads in Redweek's Bargain Basement to just give their timeshare away and some are offering to pay closing and maintenance fees for this year just to get rid of the yearly burden of maintenance fees.

You can try placing a price on your timeshare and if you price it competitively you may be able to sell it, but don't be surprised if you get no interest. You will not get anywhere near what you paid initially (if you bought from a developer) so don't even bother to post it at the price you paid.

If you should get a buyer then you'll need to contact a timeshare closing service (JRA Services is very reliable) and permit them to handle the closing documents ..... they'll handle everything including escrow (holding monies until the transaction is complete) and notifiying the resort and county where Westgate is located for recording of the deed.

Good luck ..... timeshares are luxuries and in this awful economy many people just can't afford luxuries.

As I posted to a similar request:

I have sold two units in the last year using TUG. I recovered the resale price I had paid. Buyers paid closing costs. Both buyers, when offered, paid the current MF to gain this years use.

The other advice you have received is sound. Post to sell it yourself on redweek, TUG etc. (Craigslist, I have heard, results in MANY solicitations) I included a line at the end that included "buyers only, no solicitation will be considered". Post at a competitive price compared to other postings for the same unit, season, and resort. Do NOT expect to get back your initial investment (resale or developer). I had multiple valid interests in each within a week. Include closing costs and paid MF, if needed, to be competitive.

NEVER PAY AN UPFRONT FEE TO ANYONE TO SELL ANY TIMESHARE!!! Any legitimate entity will accept payment at time of sale!!!!

Did you sell your timeshare through Red Week or TUG? Not sure who TUG is. Could you let me know.

Thanks, Alexis Wilk

alexisw3 wrote:

Not sure who TUG is. Could you let me know.

TUG is Timeshare Users Group. Their website is tug2.net.