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any advice on how to get rid of such? i really need to get rid of such useless "property" and HOA/maintenance costs, so no trading it for something else as those timeshares are wont to do. i need the money from those costs to be invested for retirement.
someone advised trying a deedback with the HOA, but that they might jack up the closing costs, etc. has anyone here tried offloading their time share?
I've heard radio commercials for two services which will negotiate with the timeshare operator to 'take back' your contract. I suspect this can be a bit pricey, but these services claim to guarantee that you're off the hook or you get your money back.
Google 'get rid of timeshare' and a lot of stuff comes up.
The first place to go is to the HOA or property management company. Some may have a buy-back program, some may know of potential buyers. We did this, and the management company put us in touch with a buyer.
I would stay away from businesses that offer to help sell a timeshare. Unless they are willing to buy it from you in the conventional way, they are usually not helpful at all. And I'm speaking from experience. Most timeshare seller-assist businesses either ask for upfront money or promise to sell for a fee to be paid at closing. In either scenario you still own the timeshare and it sits siphoning the maintenance fee from your wallet.
Selling is difficult (but not impossible) because the world of timeshares has changed drastically. Set timeshare weeks are almost unsellable since the focus today is on the points system (and points are sellable).
The Timeshare Users Group website has excellent advice about selling timeshares.
I owned a timeshare in Gatlinburg. I actually loved it, having bought it on the resale market really cheaply ($750) with reasonable maintenance fee ($550).
But it eventually became useless. I traded it on Craigslist for a few years for some needed handyman work. So that's one idea.
We had a Yahoo group of owners, and I eventually offered it for sale there. I only asked $375, and that year's week was still available. It sold immediately.
Most charities won't take them, by the way. Too many people are aware of the downside . . . maintenance fees for life.
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