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Leopold
12-26-2006, 12:16 PM
ey everyone, I thought I'd sign up on here to ask this question since I'm in a bit of a desperate situation and I thought I'd ask some professionals. Anyway, I bought into a timeshare for vacation purposes not as an investment but the thing is I hate the vacations so much (boring and repetitive and bad facilities) that I want to get rid of it but I can't seem to sell the thing. Listing costs $ and has gotten me nowhere and I tried ebay but nobody ever bids on it and even if I donate it I'm still stuck paying the fees that I'm trying to get rid of in the first place. I'm resigned to losing $ on this investment but I don't want it to be a total loss and still every month I'm paying maintenance fees and local taxes and it's all just like a bad dream.

So I ask you now, real estate professionals, what I should do to avoid taking a 100% loss. Any and all ideas are welcome.

Thanks

Real Estate Appraiser
12-29-2006, 04:04 AM
Selling timeshares through ebay can be a hard sell. As a buyer looking to buy a timeshare I personally would not trust a seller from ebay, and also you are hitting up the wrong market. Now this is just my opinion as a buyer and I'm sure you are very honest :0)

You have several different options. You could rent out your time share space which would cover the yearly costs and a little more. Some timeshares offers management services if you are not there to let the tenants in.

Since you have a property that you just don't enjoy you it would be best to sell it right away. The emotional toll of having a bad property sometimes is worth more than money.

Have you tried listing on Craigslist.org, also the good old fashion newspaper still does wonders. I would try posting a listing in the local paper, their maybe residents who are looking for time shares for their friends, relatives ect...

Thirdly do not give up, all you have to do is market market market. If it still isn't pulling any leads in lower the price until it does.

Lastly you can always give it to me! :santaclaus:.