Unloading my timeshare - advice

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

I have a Mayan Palace Timeshare - I paid $14,000 and owed nothing...paid in full !
I like to unload it. I have not use the timeshare for over 10 years now.
Can someone with experience unloading the timeshare to help & give me some advice.

I'm also looking at "donate for cause" Are there legitimate organization out there? Most of them are scammers.

Oh...one thing though, this forum is already contaminated with a bunch of snake oil seller - so, I don't want to hear or any feedback from these people or company selling timeshare.
I only want to hear from regulars who currently owned a timeshare .

thank you

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

You will probably need to give it away with some sort of incentive like paying closing costs or a free week of use.
I gave away one a few years ago on ebay in Orlando and have given away a few timeshares to friends who
wanted a local resort unit.

Donate for a cause will cost you a couple of grand to "donate".
As you have already discovered most of them are scammers.
Well most think they are scammers but some of them do get it out of your name
and put it on ebay or transfer it to an entity that will make it go away.
Of course that comes at a cost.
Easier to just give it away with an incentive.

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

Check your paperwork/contract to see what the transfer fee is before you do anything.

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

I'm also looking at "donate for cause" Are there legitimate organization out there? Most of them are scammers.

Oh...one thing though, this forum is already contaminated with a bunch of snake oil seller - so, I don't want to hear or any feedback from these people or company selling timeshare.
I only want to hear from regulars who currently owned a timeshare .

thank you

Welcome to TS4Ms - sorry to hear you feel there are 'snake oil sellers' here.

As Tony suggested, find out what your transfer fee is and be prepared to pay that amount plus next years maint. fee to give away your timeshare ownership.

We allow members to post freebie timeshares here.... http://www.timeshareforums.com/forum...me-Share-Deals

Another site that allows you to post free/giveaway TS http://www.tugbbs.com/forums/forumdisplay.php?f=55

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

Thank you very much guys/gals -- I will check my transfer fee today and I will let you know....

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

Over the years we have purchased several Mayan Palace timeshares on eBay. I think the most we have spent was $2400 for a 2-bedroom Mayan Palace. That included transfer fees, closing costs and sometimes the next year's MF. Now days, most that sell on eBay include transfer fees and/or closing costs. Many MP go for $1 just so someone can get out of them. (We bought a Buganvilias for $5.50 including transfers and closing costs a couple of years ago.) Many sellers are the non-profits that have been given these and they need to unload them. My personal opinion is that it is a shame to give something to a non-profit that they will have to spend money to keep or sell at a loss. It does not benefit them at all.

As for Mayan Palace Transfer Fees - Older contracts (before 2001) had a transfer fee equal to the MF; Contracts between 2001-2005 have transfer fees of 10% of the original purchase price; then in November 2005 the transfer fees went to 5 MF; and now they are 10MF. With your older contract, you will also have the 5 year renovation fee that is equal to a MF.

[Sydney Contributor - Bronze Find all posts View Profile Close Sydney]

As for Mayan Palace Transfer Fees - Older contracts (before 2001) had a transfer fee equal to the MF; Contracts between 2001-2005 have transfer fees of 10% of the original purchase price; then in November 2005 the transfer fees went to 5 MF; and now they are 10MF. With your older contract, you will also have the 5 year renovation fee that is equal to a MF.

That's a total rip off.

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

You will probably need to give it away with some sort of incentive like paying closing costs or a free week of use.
I gave away one a few years ago on ebay in Orlando and have given away a few timeshares to friends who
wanted a local resort unit.

Donate for a cause will cost you a couple of grand to "donate".
As you have already discovered most of them are scammers.
Well most think they are scammers but some of them do get it out of your name
and put it on ebay or transfer it to an entity that will make it go away.
Of course that comes at a cost.
Easier to just give it away with an incentive.

Ok- I contacted the Mayan Palace and I have to pay 10% of the cost of the timeshare which equate to approx - $1,300
So...do you think Ebay is the best place to sell it for a "buck" & I pay for the transfer fee cost?

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

Ok- I contacted the Mayan Palace and I have to pay 10% of the cost of the timeshare which equate to approx - $1,300
So...do you think Ebay is the best place to sell it for a "buck" & I pay for the transfer fee cost?

Before you go to ebay, list it for free (with you paying transfer) on this site and the other site I posted above.
The 'other' site gets lots of traffic, you could get lucky there.

If you don't get any takers in a few weeks, there is always ebay.

See Pittles post above from an actual Mayan Palace owner. Besides the transfer fee, you will also have to pay a '5 yr renovation fee' equal to your maint fee.

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

Before you go to ebay, list it for free (with you paying transfer) on this site and the other site I posted above.
The 'other' site gets lots of traffic, you could get lucky there.

If you don't get any takers in a few weeks, there is always ebay.

See Pittles post above from an actual Mayan Palace owner. Besides the transfer fee, you will also have to pay a '5 yr renovation fee' equal to your maint fee.

Thanks Gray - I will try that, hopefully get lucky there.

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

...Oh...one thing though, this forum is already contaminated with a bunch of snake oil seller - so, I don't want to hear or any feedback from these people or company selling timeshare.I only want to hear from regulars who currently owned a timeshare .thank you

This comment kind of annoyed me, because whenever we find people who are here to drum up some con business we throw them out. The people here that do deal with timeshares as a business are good honest people who might truly try to help a seller out. That comment would certainly make them less likely to help you out. If you want to find out about anyone, just ask and if anyone does try to con you, let us know.

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

Do I get to say anything, or will I be reprimanded?

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

Do I get to say anything, or will I be reprimanded?

Do you have something to add about how this person can rid themselves of this timeshare that has not been said?

Feel free to post - but kindly stay on topic.

[taffy19 Gold Contributor Find all posts View Profile Close taffy19]

Before you go to ebay, list it for free (with you paying transfer) on this site and the other site I posted above.
The 'other' site gets lots of traffic, you could get lucky there.

If you don't get any takers in a few weeks, there is always ebay.

See Pittles post above from an actual Mayan Palace owner. Besides the transfer fee, you will also have to pay a '5 yr renovation fee' equal to your maint fee.

Are you sure of that? I believe that this is only due when the five years are up so the new buyer will pay it when it becomes due again. Pittle should know for sure as she knows about the transfer fees too by the years it was changed.

edit by GrayFal - the comment highlighted above is from pittle who owns at the resort - it is not my opinion, I was referring OP to pittles post

[T. R. Oglodyte Moderator Find all posts View Profile Close T. R. Oglodyte]

Do I get to say anything, or will I be reprimanded?

Of course you can say something, but "something" is not the same as "whatever I want". Follow the rules of this sandbox and you'll be fine.