Selling timeshare

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

I am selling my timeshare for Grandview Las Vegas for balance of $ 7,109.16. Please respond if interested

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

Hi Rachel,
Most people on this site know that the best weeks that have been converted to RCI points get 122,000 points annually and sell on ebay for less than $4000. Non converted weeks and weeks with less points go for much less.

ebay.com/sch/Timeshares-for-Sale-/15897/i.html?_sac=1&_from=R40&LH_Complete=1&_nkw=grandvi ew+las+vegas

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

Thanks for the info, but I am just selling for balance on my contract that came with 49,000 RCI points. Don't know much about timeshares just want to sell it to be done with the ex for good.

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

Thanks for the info, but I am just selling for balance on my contract that came with 49,000 RCI points. Don't know much about timeshares just want to sell it to be done with the ex for good.

Same here, only I wanna keep my wife.

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

Thanks for the info, but I am just selling for balance on my contract that came with 49,000 RCI points. Don't know much about timeshares just want to sell it to be done with the ex for good.

Units that come with 122K points are selling for less then $4,000.
Yours is only worth 49K and u want over $7,000.

You are not going to be able to sell this for that price.

You and your "ex" need to pay off the loan and then list it on ebay for $1.
Maybe someone will take it, maybe not.

Sorry for this bad news.

[timeos2 Senior Member Find all posts View Profile Close timeos2]

Thanks for the info, but I am just selling for balance on my contract that came with 49,000 RCI points. Don't know much about timeshares just want to sell it to be done with the ex for good.

You have to realize that what you & your ex paid was 90%+ over the resale value. Trying to recover that or even eliminate the remaining balance makes perfect sense to you but not to any potential buyer. There are literally thousands of owners looking to sell their ownerships most of them paid off and offered for a few hundred dollars or less - down to a dollar or even less (take it & we'll prepay the next years fees for you!).

You will be better off negotiating with the lender to settle the personal loan you still owe on. Once that is clear you can offer the ownership for little or nothing and be out of a very bad decision made to purchase a timeshare at an artificially inflated cost and then financing the purchase. What you paid and what you still owe doesn't matter - the value of what your ex and you obligated yourselves to is near zero. Sorry.

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

Have you tried to give it back to the resort? If you tell them that you can't pay and won't pay, they may take it back from you.

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

Over half of developer prices represent their marketing costs. So less than half represents the cost of the product. The resale market is also depressed by a variety of factors, even from that level.

[timeos2 Senior Member Find all posts View Profile Close timeos2]

Have you tried to give it back to the resort? If you tell them that you can't pay and won't pay, they may take it back from you.

The resort can't take it back if there is still a loan on it. They say they want someone to "take over" the payments so it sounds like there is one. Until that is paid off there is no sale to anyone.

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

And you will probably be getting some calls from people who will get you all kinds of money by selling it for you. Of course they wil want a fee for that and if you pay, you will never hear from them again. And you still own the timeshare. Of course there is always the bankruptcy way out.

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

No, you will hear from them again. They will have another fee that needs to be paid and then maybe another one. As long as you keep mailing them a check or authorizing a CC payment, you will hear from them. The moment you say you aren't going to send them more money to continue "processing" the deal is when they will disappear and stop taking your calls.

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

I get criticized for criticizing the lack of an exit strategy, and people like this poor lady keep coming here hoping there's an exit strategy.

go figure



Time is the best friend of Truth.

[Brogers92026 Member Find all posts View Profile Close Brogers92026]

Thanks for the info, but I am just selling for balance on my contract that came with 49,000 RCI points. Don't know much about timeshares just want to sell it to be done with the ex for good.

Perhaps your ex doesn't know what it's worth. Offer him the unit for free and even agree to pay to get the title transferred into his name. That'll teach him to trust you. (ha ha....my dry humor)

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

Brogers (very poor handle by the way) brings up a good point. From the OP's posts, we don't know how it is titled. We assume it is in her name, but that is not stated.

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

Perhaps your ex doesn't know what it's worth. Offer him the unit for free and even agree to pay to get the title transferred into his name. That'll teach him to trust you. (ha ha....my dry humor)

In general I don't think they let you remove any names from a deed that is not paid off. Maybe in the case of divorce they do. It is certainly worth a try. Even if you have to offer to pay half the balance due plus it may be worth it. It would be in his name and you wouldn't have to worry about it anymore.