I am trying to sell our timeshare without putting any money upfront. It is a Wyndom property and from everyone we’ve alked to they are a nice property. It is on a point system, but every company I’ve talked to wants anywhere from 0 – 0 upfront and that makes me pretty nervous. Has anyone had any luck before?
ANYONE that wants to charge upfront to SELL is a ripoff. Unfortunately, it is difficult to sell a timeshare. I understand eBay is actually the best option.
Timeshares are terrible investments, and very hard to unload. In many cases poeple can get a brand new one for less than yours or with special offers thrown in. Most people don’t want to pay several hundred (or thousands) of dollars each year only to stay in the same place each year on vacation. Often, renting a very nice room in a great hotel end up being cheaper and gives you the option to take a different vacation each year. Perhaps you have figured this out and that is why you are trying to sell.
In any case, I would not pay anyone an upfront fee to sell a property. Find a realtor or an angency and tell them if they can sell the property they will get paid. Ask why they want money up front and what their gurantee is if they don’t sell it.
Dooing it yourself on ebay or craig’s list is probably a better deal.
If there is a mail box or a community bulletin board at your home resort, you can put a “For sale” sign. This will pressure the developer specially if they sell it for $20,000 USD and you offer it for $5,000. Sometimes on the fine print of some sale agreements says that the developer has the first right to buy if your place is ever sold. I have heard of developers paying the money (as long as is not too much) just to take the sign out.
To resale or rent a timeshare is a hard task, the basic rule is not to pay money up-front, don’t be another victim of a scam.
Unfortunately over 50% of people that really need to sell their timeshare falls for this resale scams where they charge money upfront and less than 10% of them use their only real option which is to post it or offer it trough free advertising options as much, and as many sites as they can (it is ok to pay a few dollars to post in a great place but no more that $20 to $30).
Timeshares do not have resale value and in most situations you would take a loss in what you paid for, as they resale for less than $2000 USD.
There are some free classified ads where you can start posting:
http://timeshareownerscommunity.com/
http://craigslist.com
http://ebay.com
http://recycler.com/
http://usfreeads.com/
http://www.inetgiant.com/