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Re: Vacation Property Resales (by Christopher E.):

I worked in the timeshare industry for over 10 years and the sad truth is this... there are some properties out there that can't be sold... in fact, not even given away! The very BEST properties out there... Marriotts etc... are lucky to get back 75% of what they paid... very good properties maybe 40-50%... average about 20-30%... and again... that's if you're LUCKY. If anyone tells you they can get you what you paid for it (or ever more), run for hills my friend. As far as rentals... you're lucky to get your maintenance fees. Again... there are 2 things that you need in order to sell ANY property (or rent for that matter)... 1) Tons of advertising 2) A great price.... without both, your property will never sell no matter what it is. TIP: when deciding on an advetising company, do your research and put yourself in the place of a potential renter or buyer. Where would you look? How easy is the site to find? How easy is the site to navigate? Do they actually have a department that handles people wanting to rent or buy? Or do they just concern themselves with people that want to list there property? After all this, the truth is sometimes hard to swallow... and chances are, you are like the majority of timeshare owners that have properties that either can't be sold or can only be sold for a fraction of what you paid. Go on craigslist or ebay... you'll see Wyndham properties for example, where owners paid over $30,000 for a property and they can't even sell it for $3,000! If this is you and you simply can't use the property anymore... your best bet is to try and GIVE it to a friend or relative... if that's not an option, try to give it back to the resort... if that's not option, just stop paying the maintenance fees (if you're no longer concerned about credit), and if that's not an option.... then unfortunately you'll have to really bite the bullet and actually pay one of these charity companies (sometimes up to $3,000) to take it from you. But be carefull... even some of those companies are scams! Do your research!!!!! GOOD LUCK!