How to get rid of a timeshare you no longer want ....

Never pay any fees up front. We did and they stalled and stalled. We told them to forget it because they never sent us a contract to sign after a month of waiting. I was charged for the sale that never took place. After disputing the charge through the credit card company we were credited the charges. The credit card company is working with G.W.V. to get the money back. We were told that if they don't agree to pay the money back I could be charged the $2620.00 again and I will have to pay it. What a nightmare our time share has become. We haven't been able to use it and now we can't get rid of it.

My wife and I realize that Florida (and maybe Las Vegas too) have an abundance of timeshares. Any suggestions for selling the following?

A. HGVC Tuscany on International Drive- 4800 annual points membership (2600 points remain for 2010)

B. The Grandview at Las Vegas- Two bedroom, week number 9 annual

A couple of Hawaiians looking to sell (or rent if can't sell).

waylandq wrote:

My wife and I realize that Florida (and maybe Las Vegas too) have an abundance of timeshares. Any suggestions for selling the following?

A. HGVC Tuscany on International Drive- 4800 annual points membership (2600 points remain for 2010)

B. The Grandview at Las Vegas- Two bedroom, week number 9 annual

A couple of Hawaiians looking to sell (or rent if can't sell).

I would peruse the internet timeshare ad sites to see what people are listing comparable weeks/points for and what has sold, however what someone is asking and what they might get are two completely different things .... it's not a seller's market, it's a buyer's market, so you need to list your prices very competitively in this down market.

You should contact me via my Redwish posting regarding Points Wanted for direct exchange.

Andym78,

What company did you deal with in trying to offload your timeshare?

Anybody have any experience with the company at www.GivebackTimeShare.com?

michaels1036 wrote:

Anybody have any experience with the company at www.GivebackTimeShare.com?

Never heard of this company, but if it sounds too good to be true then it probably is .... (edited to add after further research) this looks to be a bait and switch company since they do charge $1995 .... see post below.

michaels1036 wrote:

Anybody have any experience with the company at www.GivebackTimeShare.com?

http://www.ripoffreport.com/bait-and-switch/givebacktimeshare-co/givebacktimeshare-com-free-be-c7pa7.htm

If you want to get a timeshare off your hands I used Timeshare relief.Yeah they charged me 2000.00 but my yearly fees were 800.00 ! So I figured three years and Im even!

larryw242 wrote:

If you want to get a timeshare off your hands I used Timeshare relief.Yeah they charged me 2000.00 but my yearly fees were 800.00 ! So I figured three years and Im even!

Sounds like the same deal as GivebackTimeShare. I can't figure out how these guys make their money. Their fee is only based on the size of the maintenance fee, not on things like where the timeshare is, the season of my week, and, in my case since I own it as a right-to-use for 10 more years and not in perpetuity, the number of years I have remaining. Seems like this would matter if they are trying to resell it themselves. Makes me suspicious.

Yes it does! I dont want any connection after I paid my money and thats what Timeshare relief promised. I got a final notice stating that I am free and clear in all areas of fees, dues,taxes etc. And It was transfered to them !

I would love to know how to get rid of a time share that we no longer want.

amandao25 wrote:

I would love to know how to get rid of a time share that we no longer want.

Unless you own at a highly sought after resort and strong week, it is almost impossible to sell a timeshare in this economy .... many can't even be given away and charities aren't taking them.

You could try the postcard company route, but you'd have to pay $3500+ to them to take your timsharee .... even if they do take it you have to make sure the timeshare is out of your name after the transaction is complete .... some people have reported after the transaction that the timeshares are still in their name.

jayjay wrote:

amandao25 wrote:

I would love to know how to get rid of a time share that we no longer want.

Unless you own at a highly sought after resort and strong week, it is almost impossible to sell a timeshare in this economy .... many can't even be given away and charities aren't taking them.

You could try the postcard company route, but you'd have to pay $3500+ to them to take your timsharee .... even if they do take it you have to make sure the timeshare is out of your name after the transaction is complete .... some people have reported after the transaction that the timeshares are still in their name.

was Transfer Smart listed as a reliable?

joh46 wrote:

was Transfer Smart listed as a reliable?

If they ask for an upfront fee in the hundreds/thousands of dollars .... then no, they are a scam.

List it on Redweek.com, that's how I sold mine :)

It helps to own at a very good run resort that others want! I still say the first and best way to sell is talk to other owners or people at your resort while on vacation. Many times families that really like your resort will stop you at pool or spa or bar and just ask questions about the resort when they find you own there. Remember that many families would rather talk to owners than resales dept to get the truth about the resort.

We just came back from our resort in Lake Tahoe today which has always been one of the best managed resorts around and a beautiful resort. Not sure what happen but this was one of the most packed weeks I have seen in couple years. Over hundred thousand into town for fireworks on the lake and our resort was packed with most of the 302 units used. Many holidays the crowd shows up for weekend and leaves but this July 4th week was packed all week.

We have been thinking of selling our largest unit 1450 sq.ft two bedroom for a while now as our daughter has moved out on her own and only comes up for a few days. Unit just too large for the two of us as it is not a lockoff but large two bedroom condo unit.

Kicking round idea of selling and buying smaller unit in different building to go with our other unit now. We listed it on Marketplace on the Tug site few months ago for good price and had no response as expected and no big deal to us as we love the resort and our units. While at the Ridge I had one person start asking me about the Ridge and the units and told me his parents owned two units in the Plaza and Tower and he was wanting to buy but in the Naegle buildings. I told him we are thinking of selling and the price and he took our cell number so he could call back while up there if he could buy it from us. Funny part, we hadn't tried to sell but just in conversation it came up of us owning the unit he wanted. He called back about six hours later to say he was working on it and would let us know if he could work it out and bad news is we had to tell him it was sold as of couple hours ago.

We decided to go to the sales office to see the terms and how much we would get if they sold it. When we walked in there was a couple there that also owned at the Tower and was looking for the Naegle units for summer months. When he heard me tell the lady we were looking into selling he asked if we could go outside and talk. We not only sold to this family within two hours and at our price same price listed on Tug but had the check in our hand next morning with all the paperwork finished. The lady at resales office did all the paperwork and signed off on the deal and sent them to record the deed at no charge. Only money they had to spend was the recording fee which was under fifty dollars.

The buyers told me they didn't like trying to deal with a unknown off some timeshare forum. They felt safe working with us here because the sales lady pulled up our deed showing everything paid and up to dates so it was a good,safe deal and as we are owners helps.

I feel meeting and talking to others at your resort is still best way to sell a unit and not off some forum listing where all it takes is paying to run a ad. There are thousands of these ads and most are honest but you just never know.

PHILL12

Has any MC owner been able to get rid of their MC time share? Please share the steps that you have taken. Thank you.

Zen

I also own @ this resort. It is a little worn. Since Wyndham bought them out the property has had some issues. They are slowly updating the property. We paid 5K 15 years ago on a resale. Pahio handled the escrow. Not sure if Wyndham has anything simular. Closing costs will be around $2500. For my sale the former owner picked up most of this cost. With the depressed economy it will be hard to unload. If you paid full price, most of this cost was in sales commission and developer profit. The properties begin to eat into themselfs because of age.

Good luck.