Can I Sell My Timeshare?

Selling your timeshare is incredibly difficult at this time. Finding a buyer is neither quick, nor easy. And if you are fortunate enough to find a buyer for timeshare, you’ll most likely be disappointed by the sales price. You have to understand, the supply of timeshares greatly exceeds the demand for timeshares. It’s really that simple. Resorts are struggling too, and this is why you will continue to see increased maintenance fees as they attempt to retain profits any way they can. If a timeshare owner is not using and enjoying their timeshare, owners should consider their timeshare a liability -maintenance fees will continue to rise and there is always a risk of special assessment, and your timeshare continues to depreciate in value each year. Take a look at our timeshare calculators to calculate your lifetimes cost of owning a timeshare, http://www.donateforacause.org/calculate-cost-own-timeshare.php.

Want more info on the cold hard facts of selling your timeshare? Check out this link on TUG2.NET, the worlds’ larges site dedicated to timeshare ownership: “The Cold Hard Facts About Selling your Timeshare

Sales dates for resale timeshares over the past two decades reveals that only 3 percent of timeshare on the secondary market sell within 3 years. So when you contact a timeshare resale company and they tell you they have a buyer ready to take your timeshare, you should be very skeptical. Timeshare listing companies are often of an outright scam, or at best, a major rip-off. A resale company will collect an upfront payment from you with the promise that your timeshare will be off your hands in no time. This is hardly the case; there are more sellers than buyers of timeshares at this time.
Just remember of few key point s if you choose to pay upfront fees with a listing company:

• Do not make any agreements over the telephone; ask for written material to be mailed to you for your review.
• Request references from the company
• Find out the location of the company and from what state it operates
• Ask if the company uses agents that are licensed in the state where your timeshare is located.
• Be concerned with any company that charges a “listing” fee in advance.

Can you safely sell your timeshare? Or will you end up a victim of timeshare fraud?

We just received three new alerts concerning timeshare resale fraud. The Federal Trade Commission has recently shut down several fraudulent rings in as many states.
Clark Howard reports that the FTC recently shut down National Solutions, a fraudulent “timeshare re-seller”

“National Solutions was the primary name used by an organization that had multiple marketing names but only one modus operandi: They would send you a “sales agreement” saying they’ve arranged for the sale of your timeshare. You had to return a transmittal fee of just over $3,000 with the agreement, with the money supposedly being refunded to you upon closing.
You know the punch line here: There never were any buyers. The sales agreements were just a big con job. All National Solutions and its entities was doing, with person after person, was stealing $3,000 from people who desperately wanted to unload the financial obligation of a timeshare.”

Howard goes on to say the “timeshare market right now is basically destroyed”.

Donate for a Cause is supported by Clark Howard. He recognizes the commitment DFC has to timeshare owners through our legitimate timeshare relief services.

More here, http://www.clarkhoward.com/news/clark-howard/travel/timeshare-resale-outfit-shut-down-ftc/nDdKx/