How to give away a timeshare that is paid off...

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

Tom Tubbs has a good reputation as a straight forward broker. I was also quite surprised to find him charging around $2,000 for transfers. I spoke with a gentleman about six months ago who had told me he'd paid Tom directly to take his timeshare week.

I assume he places the timeshares into a holding company and then later tries to sell them. Unless I learn differently, I would still give Tom the benefit of the doubt and believe that he is honest in how he presents this option. Liquidations are the majority of the sales that are occuring (other than DVC and Hilton) so it doesn't surprise me to see more brokers jumping into that business model.

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

Tom Tubbs has a good reputation as a straight forward broker. I was also quite surprised to find him charging around $2,000 for transfers. I spoke with a gentleman about six months ago who had told me he'd paid Tom directly to take his timeshare week.

I assume he places the timeshares into a holding company and then later tries to sell them. Unless I learn differently, I would still give Tom the benefit of the doubt and believe that he is honest in how he presents this option. Liquidations are the majority of the sales that are occuring (other than DVC and Hilton) so it doesn't surprise me to see more brokers jumping into that business model.

I see you have gone into the timeshare liquidation business, too:

Timeshare Liquidation Program

At least you are a lot cheaper than the PCC's and don't seem to dump weeks into shell companies, which are pluses.

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

Unfortunately because of current resale values- liquidations have become a major part of my business and many sellers are upside down at closing even with the broker fee of only $695.. Finding buyers at even $100. has gotten tougher..

Luckily, I seem to still have some success finding takers for the unwanted timeshares since many individuals are more comfortable taking a "free" timeshare from a broker than directly from the owner. In those instances where the buyer refused to pay all the closing costs, we've paid part of it from the broker's commission to try and keep from pushing more costs onto the seller.

Keeping the timeshare owner's cost as low as possible was important to me when we created this program. In many cases, the owners who need to liquidate are already facing financial hardship- so it seems ridiculous to charge thousands of dollars for what is basically a fairly simple brokerage transaction.