Time to get out, welcome to the club right?

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

Prices for virtually all timeshares are now too low to make being/using a broker viable. There are very few that are worth more than a maximum of $5000 with most $2000 or less. The broker fee simply isn't enough to make it worthwhile. Find the resort/ location you want and look for a seller along with the cheapest closing you can do. Paying more for brokers, high closing costs, etc makes no sense today. Buy cheap & enjoy deeply discounted vacations then be ready to sell cheap or give it away when you are done. Very little risk of capital that way and some great resorts out there virtually for the closing.

I recall someone mentioning a broker with a brick and mortar location in Orlando previously. Are they out of business? The brick and morter timeshare rental and resale speciailst on the OBX seems to be doing okay, and she will handle even listings of blue weeks at nominal prices.

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

I believe that Tom Yeary is about the only one left who operates from a storefront in Orlando. Even the upfront fee companies seem to be abandoning the visible storefronts. The big Timeshares Only building on International Drive is being sold and the call center and brokerage that were there are being moved to a location with lower visibility but also lower costs.

There was also a small SellMytimeshareNow storefront on the other end of International Drive that opened for a short time, but I believe that they also closed down.

[JWC Super Moderator Find all posts View Profile Close JWC]

I would NEVER use eBay or any timesharing site such as TUG or this one to sell a timeshare. I seriously doubt that a resale broker can do any good because of the low prices in today's market. The problem with eBay and the timesharing web sites is all the buyers are looking for bargain prices. You want to attract the uninformed buyer that isn't aware of $1 timeshares. Believe it or not the vast majority of typical T/S buyers are indeed uninformed buyers that don't use eBay or visit timesharing user sites.

I would list it on low cost timeshare listing sites like "MyResortNetwork.com" or "Redweek.com". Note: Redweek has an annual membership fee of $14.99. I used both of the above to sell my timeshare with the buyer coming from "MyResortNetwork". Definitely don't use anybody that charges a large upfront fee. Another approach that somebody used that worked is to post it on the bulletin board of your local supermarket or someplace like that.

[Tsettell Junior Member Find all posts View Profile Close Tsettell]

Not sure if I'm doing this right, but

My 67 yr old mother, and her 82 yr old friend were called by this company, Timeshare Relief, Inc (their paperwork also states Transfer America as well as Timeshare Cure) about their timeshares. They went to a meeting, and they were told there was no way out with the timeshares. If anything happened, and they couldn't keep up with the fees (both timeshares are paid off)they'd be sued several 1,000's. If they died the Timeshares would be passed down to any available family member even a very distant one whether they wanted it or not, they would still be fully liable for it generation after generation. My mother is now scared to own it (It's Moosehead Cottage Resort near Moosehead Lake in Greenville, Me, holds 6 & is the third week of June every year). They said if we paid them $5,000 they would take it over completely, and when they said they couldn't afford that, the price came down 2 more times ending at $2,500. The yearly fees are just that, and need to be paid...I get that, but they were making it sound like the generations to come would be paying like 15,000 a year for fees. So is it a scam/scare tactic, or should they pay the 2,500 to have this company "buy" their Timeshare? Thank you for any information! Teresa

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

My 67 yr old mother, and her 82 yr old friend were called by this company, Timeshare Relief, Inc (their paperwork also states Transfer America as well as Timeshare Cure) about their timeshares. They went to a meeting, and they were told there was no way out with the timeshares. If anything happened, and they couldn't keep up with the fees (both timeshares are paid off)they'd be sued several 1,000's. If they died the Timeshares would be passed down to any available family member even a very distant one whether they wanted it or not, they would still be fully liable for it generation after generation. My mother is now scared to own it (It's Moosehead Cottage Resort near Moosehead Lake in Greenville, Me, holds 6 & is the third week of June every year). They said if we paid them $5,000 they would take it over completely, and when they said they couldn't afford that, the price came down 2 more times ending at $2,500. The yearly fees are just that, and need to be paid...I get that, but they were making it sound like the generations to come would be paying like 15,000 a year for fees. So is it a scam/scare tactic, or should they pay the 2,500 to have this company "buy" their Timeshare? Thank you for any information! Teresa

Of course it is a scam. Just google them and read the complaints.

At their age, are they worried if someone dings their credit score?

Would it be the end of the world if they asked the resort to take it back, and then just stopped paying the maintenance fee?

Is the annual fee really $2500?

[Tsettell Junior Member Find all posts View Profile Close Tsettell]

No, sorry...the 2,500 are not the fees, but the amount the company wants us to pay them so they can "buy" my mother's timeshare. The original amount they requested her to pay was 5,000. The annual fees for the year is around 560.
As for giving it back & not paying the fees, she was told she couldn't, and that they would eventually sue her &/or future generations for it. Plus, she was also told that those left behind after her death would be forced to take it on. They would search out even distant relatives and make them liable. Just seems a bit much to me, but it made her very unsure.

[JWC Super Moderator Find all posts View Profile Close JWC]

No, sorry...the 2,500 are not the fees, but the amount the company wants us to pay them so they can "buy" my mother's timeshare. The original amount they requested her to pay was 5,000. The annual fees for the year is around 560.
As for giving it back & not paying the fees, she was told she couldn't, and that they would eventually sue her &/or future generations for it. Plus, she was also told that those left behind after her death would be forced to take it on. They would search out even distant relatives and make them liable. Just seems a bit much to me, but it made her very unsure.

Absolutely false. These are just scare tactics. Heirs can't be forced to accept their timeshare if they don't want it.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

So, I wonder what a person does who is interested in purchasing a timeshare (in the resale market). Maintenance fees are too high at many properties and the value of the TS continues to decrease... I guess just keep renting?

Renting is less expensive than exchanging or, in many/most cases, owning, and you gotta love the flexibility.

Hey, how about that. Some here have been searching for the best program, or claiming to have found the best program, when the best program is what was around before timeshare . . . but it took timeshares, the abundance of owners trying to recoup a bit of the cost, to make renting the best program,

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

We have talked about this before and there is beaucoup info available through a google search.

Heirs cannot be forced to accept an inheritance or to assume someone else's obligations.

"You can choose to refuse or disclaim an inheritance. In the case of timeshare property, this is a viable alternative to inheriting something you don’t want or can’t use."

Timeshare Trap - How To Refuse A Timeshare Inheritance

FWIW, in a Search on this site you would find that I did exactly that for someone . . . got a Significant Other removed from ownership of a timeshare(s) shortly before the other SO passed away, and then did not "give" it to any survivor.

Not that I am wishing the 82-year-old's demise, but why not do the same thing? Give it to the 82-year-old, and then stop paying the annual fee. In their situation would a little ding in their credit score be that bad a thing?

Or, have they tried free sites like craigslist?

No offense, but, it seems to me you appear to be relying on what other people tell you when all the information is available directly.

Again, try a search engine.

[Ryne08 Senior Member Find all posts View Profile Close Ryne08]

This has been a rumor in state government in Florida for the past several months; that the Florida State Attorney General Office is looking into timeshare give back to resorts by owners who have fully paid for their timeshare? "Without Any Compensation From The Resort or Developer"

Primarily, because, there have many so many complaints about the true real estate value of a timeshare in the re-sale market.

Especially, after how some sale people in the timeshare industry stress the money value of owning a Florida timeshare vacation week.

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

I would NEVER use eBay or any timesharing site such as TUG or this one to sell a timeshare. I seriously doubt that a resale broker can do any good because of the low prices in today's market. The problem with eBay and the timesharing web sites is all the buyers are looking for bargain prices. You want to attract the uninformed buyer that isn't aware of $1 timeshares. Believe it or not the vast majority of typical T/S buyers are indeed uninformed buyers that don't use eBay or visit timesharing user sites.

I would list it on low cost timeshare listing sites like "MyResortNetwork.com" or "Redweek.com". Note: Redweek has an annual membership fee of $14.99. I used both of the above to sell my timeshare with the buyer coming from "MyResortNetwork". Definitely don't use anybody that charges a large upfront fee. Another approach that somebody used that worked is to post it on the bulletin board of your local supermarket or someplace like that.

In the past year, I have sold one TS and gave one away on TS4Ms and just sold another one thru a TUG ad. I have also gotten some weeks rented thru TS4Ms and Craigslist.
I continue to list on Redweek but based on my last 12 months experience, I do not think I will do this any longer.

So OP - list here and on TUG and consider Craigslist Orlando....good luck!

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

This has been a rumor in state government in Florida for the past several months; that the Florida State Attorney General Office is looking into timeshare give back to resorts by owners who have fully paid for their timeshare? "Without Any Compensation From The Resort or Developer"

Primarily, because, there have many so many complaints about the true real estate value of a timeshare in the re-sale market.

Especially, after how some sale people in the timeshare industry stress the money value of owning a Florida timeshare vacation week.

Having just bought a house in Florida, and having found out first hand how frigging messed up Florida is, I wouldn't hold my breath waiting for that to happen.