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Re: Getting rid of a time share.

I agree, it's a shame so many timeshares are listed on Ebay for $1. I used to check Ebay's timeshares most every day, but had not checked them in a while until recently. I think the main problem is the explosion of new timeshare resorts being built all over the place. In my opinion, there's beginning to be a glut of timeshare resorts. They're not an anomaly any longer except to those folks that get accosted while on vacation and talked into a presentation for money, free tickets or whatever. Timeshare salespeople are VERY good at what they do and they catch you unaware when you're in a very positive frame of mind (vacation). Many people get hooked into buying a timeshare from the developer not realizing there is a resale market and then when they get tired of paying maintenance fees or can't use the timeshare any longer they have to practically give it away. The same can be said of resales for the same reasons except the price (or loss) is much lower. As I have stated many times before in this forum, the ONLY reason (in my opinion) to buy a timeshare (even resale) is if you can vacation only during certain times such as red hot summer season in popular areas (re: teachers, parents with children in school etc.), holidays, winter ski season or if you want a unit at a certain resort, in a certain location (re: beachfront) at a certain time of year. Most other times of the year you can find rentals everywhere on the internet .... Ebay, Skyauction, Redweek and a multitude of other internet rental sites. [Q=kevins118] The biggest propblem with buying a timeshare, is selling them. They hold no value because of people selling them on e-bay for $1.00 The money lost from buying a timeshare is bigger then taking a new car off the lot. At least someone out there will at least by the car for a minor loss to you. Stayig at a resort, and not a small hotel for a few dollars more a night is a good thing when you have a family. The good thing about timeshare is you can exchange. One year in Orlando, the next at the beach somewhere. The problem with the timeshare market is, you can buy them anywhere, you just can't sell them anywhere. And with so many people willing to give there weeks away for a $1.00, the market will never turn around. Also, it's not considered real estate. If it was, that might help keep some of the value. The funny thing is, when you go to listen to a timeshare speech, they try to show you how much money you have "wasted" by staying in hotels and other places on vacation. They also try to state that timeshares hold there value. I guess when they are not at work selling timeshares for $15,000-25,000, they don't visit e-bay and see what they are selling to us today, is sold for $1.00 only a few years later. By the way, I have a few nice timeshares to sell if anyone is interested... but not for a dollar, but I might take $2.00[/Q]