getting rid of a time share?
 

I bought a time share years ago when they were the " thing to buy" which I am not sure they were really ever. Anyhow I dont use it and I want to give it away so I dont have to pay the maintence fees any more and not worried about losing the investment I just want out. Do I have any options? I called clarke howard and they had nothing for me as for help..

Who is the timeshare with?

Bluegreen

Ugh, we sold ours. It was an outfit in FL. I think we had to pay a few hundred bucks up front to list it. It took a few years, but it did eventually sell.

Buying the darn thing was the biggest mistake ever. We were on a family vacation. The sad thing is that my MIL husband (used car salesman) was probably the main reason that we bought. He "worked a deal". We did use it a few times at least.

A friend has two. Side by side, same weeks. Great fun to go be next-door neighbors at the resort every so often. We've been over there many times over several years.

They have offered to let me buy the second one for a dollar- No thanks.

I wish you well. Hope you get a sale soon.

I have never met anyone who did not regret buying their time share. I wouldn't touch one with a 10' pole. But then I also rarely spend more than two nights in the same place when I'm on vacation.

Psych 101...don't even think about "giving" it away...just put a "sucker's sale price" on it and you'll likely generate more interest :D

Thats a good idea maybe craigslist for a couple hundered bucks? I also thought about booking a few weeks and selling it as a package?

We usually use ours or we rent it out for 1 week which covers the mntc fees for the year.

Take a match, make a scratch. No more candy store.

My parents have been trying to get of theirs for a few years now.. Anyone???

QUOTE: "I have never met anyone who did not regret buying their time share."
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"Please allow me to introduce myself..."

This is what makes the interwebs so amusing to me. The never ending debates and differing experiences. Oil additives? Mustangs? Living ONLY in beautiful Kalifornication? Best movie/book/song ever? Best guitar? PARF! Tits? Or azz and legs?

We have owned a Time Share since 1981. It's in Kissimmee Fla. We have never stayed at the place where we own. We have traveled all over the USA, south America, etc. If circumstances were such that I was unable to go - the wife took her GF's and they made a 'girls week out' of it. If we were unable to go, due to some last minute change, we rented the week we own in Fla. Never a problem - since its minutes from Disney.

YMMV. Carry on.... :)

Am I having a stroke or does anyone else understand what MO_ is trying to say here? He owns one....loves it....but never used it....is that right???? :confused:

I'd bet Mo is "trading" the use of his timeshare near Mickeyworld for vacations (other timeshares) in other locations...

I own one in Hawaii. We go every year. Beachfront, two big bedrooms, kitchen, big family room, balconies. We love it. Enough room for our family and a few friends. It's been great.

You could always rent a condo or timeshare in Hawaii. The key is avoiding hotels. It's not just that the restaurants are crazy expensive, but you spend your whole vacation coordinating things and herding your family around. With a condo and a great kitchen I can get up, have breakfast and coffee and go for a swim before my kids wake up. And barbequeing in Hawaii is great fun. Can't do that in a hotel.

But yeah, you don't need a timeshare for that I guess.

well i guess if anyone wants here you can have it it has 10k worth points right now and up to date one fees. I may be stuck with it and just book something for christmas if I cant get rid of it.

Rent it and ask the renters if they want to purchase at a great price.

BTW - Where is it?

I see websites that will "manage" and sub let your time share...Are they legit?

What happens if you just walk away ie stop paying yearly fees ??

I've got one in Maui(Westin) which we have made use of and will be going to this year. The program is also on a point system which we use in Westin hotels in the US and Canada. So it certainly has not been a great investment but we do make use of it. Would I do it again....definitely not. They've got you by the short ones with their yearly maintenance fees.

Us too....we own a week (floating) in a 2 bedroom unit on Kauai, which we bought as a resale....beautiful place! We enjoy going back there once a year and will often bring friends or family as the unit sleeps 8, so we have lot's of room. But.....as Venetian points out.....they've got you by the bawz with the maintenance fees!....the only way they go year to year is UP!

mb911 / Ben have you tried listing your place on bidshares.com? That's where we bought ours. It's a timeshare auction type website that puts you in direct contact with buyers/sellers.

Would I do it again?......probably not...:rolleyes:

Cheers!

Alex

The recent Dave Ramsey timeshare exit situation and an elderly aunt's time share "pickle" have prompted me to search and resurrect this dead thread. Other than not buying one in the first place, selling it (seems a stretch) or walking away, are there any new angles on getting out from under a timeshare? Her timeshare is in Mexico if that matters.

Gotta watch the John Oliver piece about them the other week. Total nightmare.

https://www.youtube.com/watch?v=Bd2bbHoVQSM

Best part of travel for me is meeting the local denizens and hearing their stories. One time we booked 3 nights in whistler (not our thing at all) and in whistler the locals are the uber drivers, the restaurant servers from chile, and of course the bitter time share owners.

My new hot tub friend was a 75 year old lady who bought a whistler time share in the 80s, supposed to be a great investment, great family time, skiing, etc. Id never actually met anyone who had purchased a time share so was interesting to hear the story of how she found herself today so damn angry at the management company.

Company wanted to redevelop, wanted the time shares out, kept raising fees… money to lawyers. Id always laughed about time share but its not so funny to hear a 40 year slow motion train wreck. At least she was otherwise wealthy from vancouver real estate.

I was just reading about that this morning. What a scumbag.

The radio ads touting they can help you get out of a timeshare convinced me to never consider buying one.

Been pitched timeshares more often than I like to remember and they just never made sense to me.

It always felt like paying for the privilege of paying for something.

I am in the same camp as Mo. I have mine at a place in Kissimmee which I have only stayed at once. I trade for really nice places all over the world. I paid $5 for it plus the legal cost to transfer it. Bought it from a couple who had enjoyed it for more than 20 years and they gave us great tips on what weeks to book to get the maximum trade value.

Whoever came up with the 'Time Share' concept must surely be enshrined in the Real Estate Hall of Fame. What a concept...sell the same piece of property to 25 different people at the same time. Pure genius!

Much like all real estate, it all depends on where you bought, when you bought, and what kind of fees are associated with it yearly as well as for subleasing or swapping, etc. It also depends on where you are in relation to it, and your life style.

Sister in law had one for ages in Ormond Beach (a mile or two N of Daytona for non-Floridians) and her yearly costs were about half of what a hotel room for a week went for (this was in early 90s when we joined her for a few days) and she got into it originally with a down payment that was about two weeks stay in a hotel at the time, and she actually got a few thousand when she sold it about 15 years ago.

Her "neighbors" at the beach had actually slowly but surely over a 20 year period bought, sold and swapped units in the place they were in so they ended up with a month from early April thru early May and again in mid October thru mid November. And they were fairly "local" being based in Jax....

We ended up flushing ours. I still remember getting sucked in by the pitch and the cheap champagne after we signed.