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Q: timeshare sacrifice ( Answered 4 out of 5 stars,   2 Comments )
Question  
Subject: timeshare sacrifice
Category: Business and Money > Advertising and Marketing
Asked by: onionpower-ga
List Price: $6.00
Posted: 19 Aug 2004 17:26 PDT
Expires: 18 Sep 2004 17:26 PDT
Question ID: 390163
what is the best way to sell a timeshare? Ive dealt with one scammer
already and am bewildered at the options out there. I am willing to
take a big loss for a quick sale but I need to know information from a
non-ripoff agency that will give me good advice.(or several options)
Answer  
Subject: Re: timeshare sacrifice
Answered By: richard-ga on 20 Aug 2004 06:05 PDT
Rated:4 out of 5 stars
 
Hello and thank you for your question.

The best place to look for advice on how to sell a timeshare is at the
TUG (Timeshare Users Group) website.
Cold Hard Facts about Selling Your Timeshare.
http://www.tug2.net/advice/ts-sales.html

Since you already understand that resale prices are only a fraction of
what you may have paid if you bought direct from the developer, you
mainly need to decide which of the approaches described in the TUG
page best suit your needs.
The TUG article emphasizes that you should NOT pay any up-front broker fee.
"Timeshare resale brokers (deal only with licensed real estate
brokers, there are over 20 currently advertising in our Business Ads
section ) can also get you more exposure but you must pay for it. They
will charge either an up front fee and/or a commission on the sale.
Remember, you are paying for the extra exposure and their services, if
you are ask to pay an upfront fee get a written listing of the actual
service they are providing for that fee. We recommend that if you are
dealing with a timeshare broker that you do it on a commission only
basis. That way they will get paid from the proceeds of the sale, just
like every other real estate broker."
Id.

Personally, I think if you are eager to sell, you should simply list
your timeshare on Ebay.
http://listings.ebay.com/Timeshares-for-Sale_W0QQfromZR6QQsacategoryZ15897QQsocmdZListingItemListQQsorecoZ2QQsorecordsperpageZ50
[I'm not sure if the above link will work for you.  If not, go to
www.ebay.com
click the "search" button and search for Timeshare ]

If you list your property at a nominal starting price, say $100, and
you do not set a reserve price, there is a 100% certainty that your
someone will win your auction.  You can then use a service company
like
http://www.timeshareclosingservices.com/
or
http://www.timesharetransfer.com/timesharetransfer/
to accomplish the transfer of title once your buyer pays.

If you want to protect yourself from a lucky too-low bid, Ebay lets
you set a starting price (maybe $1,000) and a reserve price if you
wish, but this makes your entry less attractive to bidders and if you
are overly optimistic you may end up with no winning bidder.

Search terms used:
TUG timeshare
timeshare transfer

Good luck with your property.  If you find any of the above unclear,
please request clarification before rating my answer.

Sincerely,
Richard-ga

Request for Answer Clarification by onionpower-ga on 20 Aug 2004 14:42 PDT
I thank you for your effort,I wish that I had given more information
that I had allready accessed tug website and checked out e-bay as
well. What I would like clarification on is for your suggestion about
using a licensed broker that does not require an up front fee. Do they
exist (?) because I did not find one that I felt was very legitimate.
Thanks again for responding.

Clarification of Answer by richard-ga on 20 Aug 2004 15:54 PDT
Hello again.
As you may have already seen there are quite a number of brokers who advertise at
http://www.tug2.net/broker.shtml
But TUG does not identify those that do and don't require an upfront fee.
Timeshares.com does maintain a partial list of resellers, with a "NO
Upfront Fee" notation for those companies that do not charge an
upfront fee. The link is at
http://www.timeshares.com/resale_brokers.asp 
You'll see it's a long list, and the gold shield indicates a no upfront fee broker.

As I said originally, if I were you I would go to Ebay and let the
market determine what my property can be sold for.  Ebay prices are
perhaps 1/3 less than you might get (gross) from a broker, but after
fee they're no worse (and I've seen some broker listings on Ebay that
give the seller the worst of both worlds - - an Ebay price out of
which a commission must be paid.

-R
onionpower-ga rated this answer:4 out of 5 stars
good advise for such a small fee,thanks

Comments  
Subject: Re: timeshare sacrifice
From: daniel2d-ga on 20 Aug 2004 01:06 PDT
 
Contact the timeshare management company and see if they list
timeshares for sale in their development.  Nothing like selling to
those that already own there.
Give it to a chairity (if they will take it) and take charitable
deduction on your taxes.  Advertise in the classified sectin of your
newspaper.
Subject: Re: timeshare sacrifice
From: onionpower-ga on 20 Aug 2004 14:50 PDT
 
Thank you for your comment. I did try to list my timeshare with the
home co. but of course they don't allow it. Charity might be my final
step if I cannot recoup some of the loss. Unfortunatly I will be in
need of a charity soon due to my foolishness.

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