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Getting rid of my timeshare

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harry.marsiii

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0.10 Dollars($)

PostPosted: Tue Jan 22, 2008 12:56 pm    Post subject: Getting rid of my timeshare

I have a timeshare with Wyndam. 126,00 points all paid in full. I am unable to take vacation as often as I like. I contacted several companies and they all want 500-600 dollars in advance to sell it. Is that nomal?
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Icon Mini Profile gmakerley
gmakerley
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Joined: 09 Nov 2007

Posts: 1427
Location: bloomfield, ct


60.00 Dollars($)

PostPosted: Tue Jan 22, 2008 1:14 pm    Post subject:

it sure seems to be normal. i have one i want to unload, too. even after contracting with these outfits, i see no action, however. i suppose the one i have is of insufficient value to get a lot of play.

i suppose our alternative is craigslist, or buying ads in usa today or something like that...but unless you sell quickly, those can be long-term things too.

but yours is paid in full - why not gift it out to people, charging a few dollars so you can pay your annual fees?

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George M. Akerley
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Freedom Mortgage Corporation
37 Jerome Avenue
Bloomfield, CT 06002
860-286-0444
 
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Icon Mini Profile michelle
michelle
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Joined: 08 Oct 2007

Posts: 144



37.90 Dollars($)

PostPosted: Tue Jan 22, 2008 2:34 pm    Post subject:

Welcome harry.marsiii

Yes, it is common for the companies to charge an upfront fee and the fee you were quoted does seem to be in line with what I have heard.

In addition to craigslist as George mentioned, you can also list your time share for sale or rent on ebay.

Renting or gifting is always a great option as well. I know people who often gift a week to a charity having an auction so they can get the tax deduction. Just another thought.

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Michelle Keck
Mortgage Network Solutions
302-655-2551
www.michellekeck.com
 
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