Selling a Timeshare - Posted by TomPA

import · July 3, 2004, 3:17am

Posted by David Krulac on July 04, 2004 at 22:32:46:

NOT…Timeshares are loser propositions that sell for something like 10 cent on the dollar. You should tell your MIL never to buy a timeshare. Its NOT a real estate investment and is no investment at all.

import · July 3, 2004, 3:17am

Posted by TomPA on July 03, 2004 at 03:17:07:

Hello all:

My Mother-in-Law wants to sell her timeshare. She heard an ad on the radio, but I’m skeptical…“Send me money and I promise I’ll advertise to sell it”…

I think there must be a better way…any special brokers? The timeshare is in Las Vegas, Acapulco, or any of 3 other places.

Any advice?

Thanks in advance
Tom

import · October 10, 2005, 11:28am

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import · July 3, 2004, 1:56pm

Re: Selling a Timeshare - Posted by gerald(tx)

Posted by gerald(tx) on July 03, 2004 at 13:56:57:

Don’t pay anyone an up front fee to advertise it for you. They do not deliver! This includes a big C-21 outfit.

I sold mine on eb*y. The Tug2 site is another great place to go. But realize that most of the initital price of timeshare is in marketing. Resales may bring only 10-50% of the original price. This is true market value. So you have to sell at a bargain price, but remember you can also buy at a bargain price.

gerald(tx)

import · July 3, 2004, 8:26am

Re: Selling a Timeshare - Posted by Wayne-NC

Posted by Wayne-NC on July 03, 2004 at 08:26:32:

Selling is expensive and the resale prices are not really close to what you paid. Try tstoday.com and tug2.net for more information. As it is wisely publicized, do not pay upfront fees for selling. I have 2 in Hawaii and I may trade one for the one in Acapulco if interested. I am going there in March. I seem to like the 2 near the airport but we shall see.

import · July 3, 2004, 10:28am

Re: Selling a Timeshare - Posted by TomPA

Posted by TomPA on July 03, 2004 at 10:28:18:

Thanks for your response. I will investigate. Yes, I warned my Mother-In-Law about paying in advance for some “service”. I will check out your web sites that you recommend…I don’t know if she’ll “trade” with you…she actually has two, and wants to sell one, but I will present this to her.

Thanks again
Tom

import · July 3, 2004, 9:36pm

Re: Selling a Timeshare - Posted by Beachboy-GA.

Posted by Beachboy-GA. on July 03, 2004 at 21:36:10:

Ialso heard about the up front companies collecting then NOt producing. I will make you the same deal… send me a few hundred dollars and I will try to sell your condo… no problem,*S

import · July 5, 2004, 6:54pm

Re: Selling a Timeshare - Posted by Beachboy-Ga.

Posted by Beachboy-Ga. on July 05, 2004 at 18:54:09:

I took a timeshare in as part of a trade on a mobile home.I got it basically free.I now bank it with RCI and can travel to VERY nice places for around $600 a week.It is a pretty good thing if you just want something to use and have a nice area to stay(UPPERCLASS ) from a motel… but for an investment… NO, DONT BUY IT>

import · July 4, 2004, 6:07am

Re: Selling a Timeshare - Posted by TomPA

Posted by TomPA on July 04, 2004 at 06:07:09:

Great! How many hundred do you want? Please try to sell it!

No, seriously, thanks for your response, your intuition is just like mine. I told my Mother-in-Law to never give money to someone who “promises” to advertise and “try” to sell it for her.

I appreciate your response.

Thanks
Tom

import · November 15, 2004, 2:37pm

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