Now that I bought DVC, How Do I sell My Non DVC timeshare?

[pal6860]

Hello.

Now that I bought/intend to buy a new DVC membership, I have to find a way to finance it. I'm also faced with the reality that I already own a NON DVC timeshare, which I would desperately like to sell.

I'm sure some of you have been in my particular situation. Can you recommend any websites or any specific reputable brokers? Can you explain the process of finding and selling my non DVC timeshare?

Hope someone out there can help. Thanks!!!

 

[CaptainMidnight]

May I suggest contacting our site sponsor, The Timeshare Store through the links at the top of this page. I'm sure they would be happy to help. Thier sponsorship of this site is greatly appreciated.

Another source of information would be the timeshare users group at http://www.tug2.net.

 

[Dean]

Just be prepared that timeshares bought from a developer are like new cars. Only instead of being worth 20% less when you drive them off the lot, it's more like 50%. Most timeshares sell from 10-25% of the original price thought there are exceptions like Marriott and DVC. You can't post the specifics here without being in violation of the rules. If you want to email me directly with more info, I may be able to help some. Ultimately TUG will be the place to go.

Regardless, DO NOT GO WITH ANY COMPANY THAT HAS ANY TYPE OF UP FRONT FEE, no matter what they tell you. Even if they say they have a buyer already. Also know that most resalers charge a min fee of between $1000-1500. There are a number of places to list for little or no cost. Selling timeshares can be quite a difficult experience though, especially when one realizes they will lose thousands of dollars, sometimes more.

 

[spiceycat]

if you price it right

www.redweek.com
it cost $10 to join

there are alot of resalers timeshares there - people who do it promotionally - that aren't real interested in selling it - just taking the people who money - so they say they listed it....

don't deal with century 21 - they were awfully to me - also if do go with a broker (despite these warning) - read everything very carefully - century 21 wanted me to sign an agreement that even if they did not sell my property - but I found a buyer or even gave it away (to the charities) - then they still got their commission....this is and was in my opinion robbery.....

I have lots of offers - my problem - I can't get Westgate to tell me how to change the ownership on their papers....send letters, call on the phone - they have transfer me another 4 different times - now they want to contact their lawyer -

I am considering going though an agency that does that kind of stuff - despite it will cost me more.

you want to make sure that the timeshare has the name change and knows that you no longer own that timeshare. If not you might have the problem someone else did - they sold there 3 years ago and this year the maintence fees went up and the new owner is not paying so the timeshare is trying to make the old owner pay (who is still on their records as owning).

 

[pal6860]

Thanks for the great info. Since I don't have the time, can you recommend a broker who can actually do all the work for me (at this point, I don't mind paying the extra fee for this service).

Thanks.

 

[Cruelladeville]

As mentioned, the Timeshare Store sells all kinds of timeshares besides Disney, and does not charge any fees up-front. However, they do charge 12% commission upon sale. It's worth it, though. You don't have to do anything except sign your name, which is all that I could figure out how to handle, anyway.