How do you sell a timeshare?

[niccig]

DH bought a timeshare pre-me, I can count the number of times it's been used on one hand. We bank the time we don't use, but then never find a place to stay that fits with holiday plans because of black-out details, or family have other vacation plans.

So, how do you go about selling a timeshare? Who do you contact? How do you work out the value? Any advice?
Thanks, Nicci

[gatorruth]

You will want to check out www.clarkhoward.com - He's a financial guru and I'm sure there is some info on timeshares on his website. I'm sure your hubby will lose some serious $$. Clark Howard is NO fan of timeshares.... but good luck!

[kep]

Well, I happen to be a big Dave Ramsey fan. Here's what he has to say:

http://www.worldnetdaily.com/news/ar...TICLE_ID=37030

"WND Exclusive Commentary BIZNETDAILY COMMENTARY
How to get rid of a timeshare
Posted: February 10, 2004
1:00 a.m. Eastern

How to get rid of a timeshare

Dear Dave,

My husband and I purchased a timeshare in 1999 in Gatlinburg, Tenn. It is now three years later and we’ve never even used it once. We know it was a mistake to buy it, and now all we want to do is get rid of it! What’s the best way for us to get this timeshare off our hands?

Sandy
Owensboro, Ky.

Dear Sandy,

Don’t go through companies or real estate agents that offer to list your properties for a prepaid commission, because nothing guarantees that your property will ever sell. I hate to break it to you, but I’ve never met one person that was able to sell a timeshare that had a prepaid commission.

Since the company you purchased from is still selling in that area, you need to contact the executive director of sales. Tell him or her that you will sell it for half of the going rate and will pay double the commission.

You’re going to lose money on this, but the faster you get rid of this, the better. Timeshares go down in value worse than cars! Take the loss now and never, never buy a timeshare again.

Dave"

It's not an exact match for your situation, but it might help a little! :)

Kelli

Proud Mommy to Lukey (2003). Weaned after 3 years of happy nursing!
And Mommy to our newest baby, Joseph, born 3 days after Christmas.