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Join Date: Dec 2017
Location: Opelika, Alabama
Posts: 5,021
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Timeshare Questions
So, I just discovered today that my Dad had a timeshare in Ormond Beach. I know nothing about timeshare condos. How does one go about selling a timeshare? Are there usually annual fees with a timeshare, or when you purchase weeks, is it just a pay up front and and the weeks are yours type of thing? I know there are probably many answers to these questions as it is probably a case of a "one size doesn't fit all" type of thing. Anyway, just thought I'd ask y'all. Thanks.
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"A little nonsense now and then is relished by the wisest men." Wonka |
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04-22-2022, 06:14 PM
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Well, to clarify, my Dad passed away back in February, I do remember him mentioning something about a time share several years ago but I forgot all about it and it never came up in our conversations. This kinda goes hand in hand with the thread about having your stuff in order.
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"A little nonsense now and then is relished by the wisest men." Wonka |
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04-23-2022, 08:40 PM
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Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 56,331
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In my experience, there are annual fees. It is possible to sell timeshares, and there are even places that specialize in them. They usually sell for a fraction of the original cost.
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Steve '08 Boxster RS60 Spyder #0099/1960 - never named a car before, but this is Charlotte. '88 targa  SOLD 2004 - gone but not forgotten
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04-24-2022, 06:06 AM
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Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 56,331
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Steve '08 Boxster RS60 Spyder #0099/1960 - never named a car before, but this is Charlotte. '88 targa SOLD 2004 - gone but not forgotten
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04-24-2022, 06:07 AM
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Still Doin Time
Join Date: Nov 2004
Location: Nokesville, Va.
Posts: 8,225
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Worst idea for the buyer as an 'investment'. They were hot years back, but you'll have to almost give it away to release your obligation from the HOA / maintenance fees burden. Good luck.
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'15 Dodge - 'Dango R/T Hauls groceries and Kinda Hauls *ss '07 Jeep SRT-8 - Hauls groceries and Hauls *ss Sold '85 Guards Red Targa - Almost finished after 17 years '95 Road King w/117ci - No time to ride, see above '77 Sportster Pro-Street Drag Bike w/93ci - Sold |
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04-24-2022, 06:41 AM
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Banned
Join Date: Jan 2005
Location: cutler bay
Posts: 15,136
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most are run away quickly
sell ? many are hard to give away guys wife said you mean you sell the same apt to people over and over again ? |
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04-24-2022, 08:06 AM
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Edministrator
Join Date: Aug 2003
Location: SF east bay
Posts: 24,851
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Does your father’s death release any obligations?
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04-24-2022, 08:20 AM
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Location: Linn County, Oregon
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I've heard radio ads from a company advertising that they can get you out of a timeshare. That alone should give enough warning.
Has your dad's estate been settled? Hopefully they can be told to pound sand. Sounds like you may need to see an attorney though.
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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04-24-2022, 09:05 AM
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Quote:
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"A little nonsense now and then is relished by the wisest men." Wonka |
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04-24-2022, 01:55 PM
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Quote:
Sent from my SM-N950U using Tapatalk
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"A little nonsense now and then is relished by the wisest men." Wonka |
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04-24-2022, 01:58 PM
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Insert Tag Line HERE.....
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My parents bought one decades ago and it took them 2 years and a lawyer to get rid of it..
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Marc |
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04-24-2022, 04:22 PM
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You do not have permissi
Join Date: Aug 2001
Location: midwest
Posts: 39,997
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Now I don't feel bad about getting a couple free Vegas trips out of them.
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Meanwhile other things are still happening. |
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04-25-2022, 06:20 AM
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Quote:
That said, my aunt and uncle are always using theirs but it is a multi location deal. My mother tells me about where they are going and but for Hawaii it isn't that great for locations. But they use the hell out of it.
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Matthew - drove Nurburgring with wipers on and no rain 1969 911E SOLD 2002 996 Cabrio 1995 993 Carrera 4 SOLD 2004 Land Rover Discovery II G4 Edition (Sold )
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04-25-2022, 11:35 AM
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I have a cousin that is loaded. They came to visit us in Hawaii when we lived there. They stayed at Hilton Hawaiian Village time share part. He doesn't have any problem sitting in the presentation then walking away with a big NO. Gets the place for a substantially reduced amount for the cost of an hour briefing. We went to one in Park City Utah one year. When the woman told us we weren't guaranteed to ever come back during snow season I laughed.
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Matthew - drove Nurburgring with wipers on and no rain 1969 911E SOLD 2002 996 Cabrio 1995 993 Carrera 4 SOLD 2004 Land Rover Discovery II G4 Edition (Sold )
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04-25-2022, 11:38 AM
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Join Date: Mar 2005
Location: Northern CA
Posts: 4,703
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donate it and take a tax write-off
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Sold: 1989 3.2 coupe, 112k miles |
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04-25-2022, 11:49 AM
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Banned
Join Date: Jan 2005
Location: cutler bay
Posts: 15,136
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is one required to accept an inheritance of a white elephant like a time share ?
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04-25-2022, 12:41 PM
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Registered
Join Date: Mar 2005
Location: Northern CA
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I don't see why the estate can't just sign over the ownership. I'm sure a lawyer can make a big deal about it. I would say Google the issue - this can't be the first time this has happened. Also there may be something in the contract to cover the situation.
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Sold: 1989 3.2 coupe, 112k miles |
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04-25-2022, 12:49 PM
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Location: Northern CA
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After some googling it looks like there are lots of companies that will buy the TS. Don't expect to make much money. There is a lot on the internet on the subject. Particular rules are likely different in different states.
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Sold: 1989 3.2 coupe, 112k miles |
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04-25-2022, 12:59 PM
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Location: Napa
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Time shares were a very successful scam. They insist your wife attends the presentation too so they can make you look like a fool in front of her for not biting. I've gotten free golf, dinners, lodging, air fare tix, etc. by signing up for the 90 minute presentation. I've never had to sit through the whole 90 minute waste of time. The sales guy "welcome to the family!" Me "I don't want to waste your time, I'm here for the free golf." "But this is a great opportunity! Only $600 for the whole year!". Me: Yeah, but I only have it for 6 nights of the year so it's really a hundred bucks a night locked into an off season week with no maid to make the bed and clean the bathroom. To change the date or location I have to pay an extra $150. a pop? And you want me to pay you 20K right now for this special deal? when in reality I own nothing? The $600. a year "maintenence fee" goes to the hotel for a room that would normally be empty at that time of year and you guys get the 20k out of which you get a pretty nice commission from your boss for signing me. After people pay the 20K they feel they have to use it or it was a waste of 20k. It usually takes a few years before most people realize what they've locked themselves into. Now, do you really think you're going to sell me? "I guess not, here's your voucher"
My wife won't let me sign up for anymore time share presentations. It's too embarrassing for her. I tell her it's entertainment for me and we rarely get past the free continental breakfast! "No more" Oh well, I had my fun |
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04-25-2022, 01:58 PM
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Found this video from Wesley Financial Group which is a timeshare cancellation firm. Sorry but no embed option.
https://youtu.be/fD_CBvFofnk
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Matthew - drove Nurburgring with wipers on and no rain 1969 911E SOLD 2002 996 Cabrio 1995 993 Carrera 4 SOLD 2004 Land Rover Discovery II G4 Edition (Sold )
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05-03-2022, 12:47 PM
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78 Porsche 911 Turbo
1972 porsche 72 rsr clone
1995 porsche 993
1995 porsche 993
1990 porsche C2 911
1966 porsche 911
1984 Porsche 911
2003 Porsche 996
