Has anyone successfully sold/donated a timeshare recently?

I am just starting out trying to sell 1 of our timeshares (we own 3). It is unbelievably confusing and everyone is trying to get in your pocket. Our resort will not take it back, I have looked at donating it and that would cost us approximate 2,000. Can anyone relate a successful experience? We are not trying to make any money but want to move it and know it is legally being done. i welcome any suggestions!!! Judy173

judy173 wrote:

I am just starting out trying to sell 1 of our timeshares (we own 3). It is unbelievably confusing and everyone is trying to get in your pocket. Our resort will not take it back, I have looked at donating it and that would cost us approximate 2,000. Can anyone relate a successful experience? We are not trying to make any money but want to move it and know it is legally being done. i welcome any suggestions!!! Judy173

Depending on the popularity of the resort and time owned would determine if your timeshare is worth value in this economy ..... many have no value.

You could try giving it away by listing in Redweek's and Tug's Bargain Basements .... if you're desperate you could also offer to pay closing costs.

I sold one last fall. Yeah, basically, I sold it for less than it was worth just to get rid of it. But, if you're persistent and cheap, it can be done. Use a cheap closing company. The ever escalating maintenance fees made me decide that owning timeshares is no longer for me. I'd rather just rent when I need it.

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!!!!