How to Sell Your Timeshare

[@robertmcandrews3381]

I am new to your KZbin channel. Have watched several of ur vids. Purchased a timeshare through what was (11 years ago), The Westin St. John resort in the virgin islands (Through Westin resorts). A few years back Marriott bought and took over the resort. I preferred the Westin owners vs the new Marriott management as we had more of a voice in resort changes than we get now with Marriott. Anyway, our purchase has been paid off years ago, but we can no longer travel because of age/physical limitation. Would you suggest I try going back through the resort for a deed buyback, or the give away, as you noted in several of your videos? Not sure what to do, but need to get out. We loved going here, but life has changed for us...

[@DestinationTimeshare]

The Westin St John has many headwinds against it when trying to sell or get rid of it. First, the maintenance fees went way up this year. This makes it harder to get rid of because, who wants those high fees? The high fees may also mean a lot more people are trying to get out; more supply and less demand. Second, there is a nightly environmental tax on any stay in the USVI. This makes it even more expensive to own and use. There are several phases at the Westin St John; Virgin Grand, Coral Vista, Sunset Bay. Do you know exactly what you own. I suspect only weeks in very peak travel season have a lot of resale value. Virgin Grand may have more because if you sell it on the resale market, the resale buyer can still use StarOptions. Right now, Vistana is not taking deedbacks at The Westin St John. They may do so in the future, but it is hard to tell. If you don't own a peak season week, your only option may be to offer it up for free to anyone willing to take it. Here is some information about how to go about doing that; tugbbs.com/forums/threads/how-can-i-give-away-my-timeshare-on-tug.132509/

[@SirClintonPaul]

I was talked into a time share in the fall of 2014 and it just got paid off. This is the 1st video I clicked on. I have a timeshare at lighthouse cove in Fort Lauderdale. You want to buy it🤣? I had no clue till I called lighthouse cove that I had to sell it myself. I've been waiting for this day for years just to be let down lol. I thought it was going to be simple to get out. I think I'm going with the give it away option 😂

[@DestinationTimeshare]

Sadly, that is the reality of many non hotel branded Florida timeshares. They really don't have any value with the exception being if you happen to own a peak week during "snowbird season." Outside of that, giving it away will be the best place to start.

[@SirClintonPaul]

@Destination Timeshare Thank you for the reply. It is an early April week that we own. I have since talked to them after making the original comment and they said you're on your own buddy. Try selling it on eBay lol. Just confirmed everything you said. You cannot give them away sometimes. My wife said, "Let's do some research before you give it away" and I said you have one week to figure it out lol Otherwise, I'm giving it away. She's pretty big on having ideas and not following through, and I'm big on keeping my $600 a year maintenance fees for something I'm never going to use. I calculated $12190 I've spent since 2014 on a room they told me was gonna be paid off in 5 years. The kicker is my inlaws gave us this trip and all we had to do was listen to the timeshare jargon. You know the rest of the story. Lesson learned

[@monicagomez3108]

Is there a way to cancel a timeshare without having to pay too much money ? We bought ours 2 months ago but they did not tell us about all the extra fees and it is too much money

[@DestinationTimeshare]

Sadly, for a newly purchased timeshare, you may also have a loan. Getting out might not have to cost you a lot of money, but you may have to be willing to take a hit on your credit. If you paid for it in full, it probably isn't worth anything close to what you paid. It could even be worth $0. The most important thing is, don't pay a company thousands of dollars based on a promise that they can get you out. These companies will just tell you to stop paying as they "negotiate". In the mean time, they do nothing and the timeshare company puts you in default and forecloses. You can do that yourself for free.

[@coronadaking]

Thanks for the valuable information .

[@DestinationTimeshare]

Glad it was helpful! Thanks for watching!

[@Imrepenting]

Hello. I have a Westgate travel club membership that my wife and I never got a chance to use because we had children. We still have to pay the maintenance fee every year so we’re trying to figure out how to make money off it. Any suggestions?

[@DestinationTimeshare]

That resort do you own? Unfortunately having a timeshare pay for itself isn't easy. Many people rent their weeks out but depending on where you own, you may not make enough back to cover your maintenance fees. Westgate has no resale value and even giving the timeshare away is very difficult.

[@Vsp712]

I have a HGVMax through diamond resorts paid off the resell company said for me to pay 4000$ upfront and they will sell it but seems sketchy. Is my timeshare worth anything in your opinion

[@DestinationTimeshare]

If you own a Diamond property, then I would say they are just going to take your money and do nothing. The property likely had $0 resale value. So they can’t really sell it. They might try to give it away, which you can do yourself and save $4000. They might also just tell you to stop paying on it and let Diamonds Resorts foreclose, you can do that too. These companies say that foreclosure qualifies as s successful exit of your timeshare. I suspect if you own in HGVMax, that you purchased fairly recently from Diamond. My best advice is to avoid any company that promises something in exchange for a large upfront fee. Learn how to use what it is that you own and take great vacations.

[@Vsp712]

@@DestinationTimeshare yeah from what I've seen it seems like I can do amazing vacations I just wish I never bought it in the first place. It's already paid off I got it for 6500$ 5000 points every other years with bonus 5000 for signing up and it only last 10 years just sucks the maintenance fee is 1000$ a year. But I guess I'll keep it and just do amazing trips for the next 10 years then it's wiped clean from me.

[@JacekD-ow3wy]

And what happens if a person who has a timeshare stops paying because she/he has been sick and also disabled for some time and absolutely cannot travel or even be around people.

[@DestinationTimeshare]

If an owner stops paying, the timeshare goes into default and ultimately the timeshare company will foreclose. It could impact credit, but if it is only maintenance fees, credit hits tend to be rare.

[@jennywang6076]

Hi, I have timeshare in the Caribbean’s Bahia principe resort with RCI. Everything is paid off from the beginning. I never used it unfortunately. I want to get rid of it . Also what will happen if I stop making membership payments and yearly maintenance fee? Those are the only payments I have

[@DestinationTimeshare]

If it is paid in full and you only have the ongoing annual fees to pay, Then giving it away may be an option. Sometimes though these vacation membership programs may have high transfer fees to give it to someone else. You could try first giving it away, if that doesn't work then default is always an option. These usually aren't deeded ownership and you are only a member in a club with a right to use the resort with no actual ownership in anything. If you stop making payments, you might get collection calls and such. I suggest asking more about this in the TUG forums; tugbbs.com/forums/forums/buying-selling-renting-timeshares.13/

[@chanelpreston4194]

I’m currently separating from my husband and we both have a time share together. I don’t want the time share anymore but he does. We do owe a balance because he lied about making payments. Do you have advice on how I can resolve this? Any advice would be appreciated

[@DestinationTimeshare]

Since there is an outstanding balance on the loan, my suggestion would be to talk to your attorney. In most situations, loan obligations don't end with separation or divorce.

[@CaraMills0106]

@@DestinationTimeshare Hope you can help me with my time share issue. In 2003 a friend and I bought a time share in Las Vegas with RCI at The Grandview. We got week #50 plus 30,500 points every year. We paid off the timeshare with no interest in 1 year. So buy 2005 we had no mortgage just the yearly RCI membership fee of $125 and $420 maintenance fee yearly. I pay one year and she the next. We are tired of it and never use it. We do not want to list it. Is there anyway to donate to a company any they just pay closing? And does Marriott buy timeshares? Can you help us.

[@DestinationTimeshare]

If you want to be out of the timeshare, you are going to have to put some time into getting rid of it. You certainly don't have to list it, but any company that will try to help you get rid of it is just looking to rip you off and take more of your money. There is no company that wants it as a donation and Marriott doesn't buy timeshares. They take back some of their own timeshares, but yours is not a Marriott timeshare. Unfortunately, I don't think this week has any value. My suggestion would be to register on the TUG BBS forums and post it in the Free Timeshare Giveaway forum. I am not really sure how well this will work, but it is worth a try. tugbbs.com/forums/forums/free-timeshare-giveaways-and-bargain-deals.55/

[@oceancruz4067]

I've gotten great advice from this Facebook group Timeshare Owners Secrets. Maybe you can try asking there, too!

[@chanelpreston4194]

@@oceancruz4067 Thank you so much! :)

[@steegordon1175]

I have a fantasea timeshare in Atlantic City I still owe on it. I want to sell it with no expectations of making any profits. Please help me out

[@DestinationTimeshare]

Click on the link in the video description for TUG Free Timeshare Giveaway. There is information there on how to give it away and you can even create a new post offering it up for free.

[@anniellido8662]

Hi we have a timeshare in Las Vegas. We are planning to sell it. Need help hiw to sell it. Thanks.

[@DestinationTimeshare]

Did you watch the video? In most cases, your timeshare is probably worth $0. So selling it isn't necessarily the right term. Is your timeshare paid off. Meaning there is no outstanding loan balance?

[@mariechang20]

I have a timeshare is paid off, but l am tired of paying for maintenance fee every year. It’s through Diamond Resort, but l think it might got bought out. Do you think it’s worth anything? What should l do?

[@DestinationTimeshare]

Diamond Resorts was purchased by Hilton Grand Vacations, but with nothing has changed and the way you used the ownership previously is how you would continue to use it until such time Hilton makes some changes. Which they do say are coming but will cost more money. That said, unless it is a prime week and prime resort, the timeshare likely has $0 resale value. My suggestion would be to try to give it away in the TUG Free TImeshare Giveaway forum. List what you own, what resort, which season or # of points. Also provide the annual maintenance fees. As long as it is paid in full, you might be able to find someone willing to take it for free. To make it move faster, be willing to also pay the closing costs which would probably be around $250. tugbbs.com/forums/forums/free-timeshare-giveaways-and-bargain-deals.55/

[@judyohh4673]

Hello, I'm trying to sale my Tahiti Village Vacation Club timeshare in Las Vegas. Walking distance from the Raiders Stadium. Any recommendations?

[@DestinationTimeshare]

Is it paid off? Have you tried giving it away? tugbbs.com/forums/forums/free-timeshare-giveaways-and-bargain-deals.55/

[@mtucto30]

Hi I'm a owner from a twonshare is westgate . Now I want to know how can I Selle it 🤔

[@DestinationTimeshare]

Unfortunately, unless you own a very good, high season week, Westgate timeshares don't really have any resale value and they are even hard to give away. Just don't get scammed by a timeshare exit company. Have you tried calling Westgate Resorts to see if they will take a deedback. I know they have a program and charge a $1000 fee. But it is cheaper than those scam exit companies that may not even help you.

[@sidehustlestacie]

Do you have any information about selling my Palace Resorts timeshare. Have you ever heard of Management and Financial Solutions?

[@DestinationTimeshare]

Unfortunately I don't. Many of these Mexican timeshares are really just a vacation club and likely have $0 resale value. So selling may not be an option. Also, if you still owe any money on the purchase price, getting someone to take it is impossible.

[@sidehustlestacie]

It’s paid off and no maintenance fees. Apparently big companies like to buy them to send clients there etc…. We were told by the Management & Financial solutions that we have to open an RFC acct in Mexico and pay the taxes ($5,300) then the buyer deposits the $ plus some for additional fees, the acct gets frozen u til the SAT issues a free and clear certificate (The SAT is Mexico’s IRS). The buyer will then reimburse the $5,300 . Once the acct. Is cleared and money is sent to the US. Anyone have any advice or experience selling?

[@DestinationTimeshare]

Anyone telling you big companies are wanting to buy them is an outright scam. Just looking to get your money upfront and then disappear. Avoid them at all cost. As for what you own, you don't necessarily own anything. Most timeshares in Mexico are right to use (RTU). It also doesn't have any resale value.

[@marissavazquez1150]

I just got my timeshare in January of 2021 and I can’t no longer afford that extra bill. I have some other stuff come up. How can I do it? I got the timeshare in Virginia.

[@DestinationTimeshare]

Unfortunately if you still have a loan on the timeshare, you don't have many options and selling it certainly won't work. This is because most timeshares ahve very little value and almost always far less than what you would have paid for it direct from the developer. Whatever you do, do not pay a timeshare exit company money (they usually want thousands of dollars) to help you get out of your timeshare. You will just be throwing more money away. Here are a couple more videos to take a look at to make sure you avoid the timeshare exit company scams; kzbin.info/www/bejne/h5eQanV5j8h-o68 kzbin.info/www/bejne/eorFeZmpYqhjq80 If you don't have a loan, then you may be able to get rid of it, but do realise that it isn't worth anything close to what you paid in January. It may even be worth $0. What and where did you buy. What timeshare system? Thanks for watching and hope this helps!

[@josephdejesus2057]

@@DestinationTimeshare bought a time share last year and was told a massive amount of wrong information. They said it’s valued at 20k but we can give it to you for 10k. Then was lied about how RCI works. I want to get out of it but not sure how I can sell. Any advice?

[@DestinationTimeshare]

@@josephdejesus2057 The most important thing is to not pay someone, some exit company or some attorney that promises to get you out of your timeshare. In the end, they rarely return results that aren't the result of defaulting and foreclosure. Which you could do for free without paying them thousands of dollars. If you have a mortgage on the timeshare, unfortunately you don't have a lot of options. The resale value of the timeshare is probably very low if not $0. If the timeshare is paid off, then do realize that the only way to get rid of it may be to give it away and realize that then $10,000 you spend upfront is lost. You said your timeshare traded in RCI, where do you own and what resort is it?

[@saeedalsuwaidi5869]

Do you recommend that I buy a resale timeshare instead of a new one if its cheaper? and will I be getting all the benefits?

[@DestinationTimeshare]

Resale is almost always cheaper, but depending on what timeshare you buy, the benefits you get will be different. Most often when you buy resale there is some benefit that you lose. Marriott for example, if you buy a resale week you won't be able to enroll it in their points program nor convert it to Bonvoy points each year. Marriott resale points are pretty much the same as buying direct. Vistana has very different rules for resale and if you buy a resale week or resale Flex points, their usage will be different than if you buy direct. What program were you considering buying? Most often the benefits you lose out on when you buy resale are not worth the tens of thousands of dollars it costs extra to buy direct from the developer.

[@saeedalsuwaidi5869]

@@DestinationTimeshare I'm considering Marriott, and actually I'm more interested in the points and bonvoy system than the resort it self

[@DestinationTimeshare]

@@saeedalsuwaidi5869 Resale Marriott Vacation Club points pretty much work exactly the same as points bought directly from Marriott Vacation Club. However, Marriott Vacation Club has some very high fees when buying resale; $3 per point initiation fee ($3000 minimum), $300 owner education fee. This can make Marriott resale points very expensive when compared to weeks. Using Marriott Vacation Club points to accumulate Bonvoy points isn't really a good value option. Marriott Vacation Club points are expensive and so are their annual maintenance fees. The best value is to use the Vacation Club points to visit Marriott timeshare properties.

[@saeedalsuwaidi5869]

@@DestinationTimeshare thank you so much for the helpful advice

[@ezequielmignone8284]

Hi, i have a timeshare from summer bay Orlando, and i would like to sell it. I am from uruguay, south america and we need some help. Which company do you recommend

[@DestinationTimeshare]

I suspect that the timeshare doesn't have any value and will probably have to be given away for free. Here is a link about how to give away a timeshare; tugbbs.com/forums/threads/how-can-i-give-away-my-timeshare-on-tug.132509/

[@lidiad1123]

I have a timeshare with Silverleaf Resorts. The property is located in Texas. It is completely paid off and just pay maintenance fees. I live in Illinois. If I just stop paying, will it affect only my credit score or can they come after assets? I don't care about losing what was paid for it, just want out.

[@DestinationTimeshare]

That all depends. What they can legally do will depend on the state the property is located in. Where is the resort you own?

[@lidiad1123]

@@DestinationTimeshare Texas

[@lidiad1123]

@@DestinationTimeshare Holiday Inn actually took over all the silverleaf resorts.

[@DestinationTimeshare]

@@lidiad1123 Yeah, I looked it up after replying and saw that Silverleaf was purchased by Holiday Inn Club Vacations.

[@DestinationTimeshare]

@@lidiad1123 I can't really tell if Texas is an anti-deficiency state when it comes to timeshare foreclosure. Meaning if the sale of the deed fails to cover the amount owed, then they couldn't come after your assets or sue you for the remainder owed. Since you don't owe on a mortgage, any foreclosure would be by the homeowners association against unpaid maintenance fees. In most cases, they simply foreclose and it is done. There is also the possibility of a credit hit, but chances are low on just a foreclosure for unpaid fees. You may want to take a look at this on TUGBBS. They track credit hits for people who default. According to this, 4 of 5 people had a credit hit when they defaulted, but all were for unpaid loans. Hard to tell what would happen with just a maintenance fee delinquency. tugbbs.com/forums/threads/2020-timeshare-default-credit-report-collection-tracking.304138/post-2621207 I also suggest asking your question in the TUG BBS forums by creating an account there. Plenty of people with more expertise than I have about this. As well as some people in there that know more about state laws about deficiency judgements. tugbbs.com/forums/forums/buying-selling-renting-timeshares.13/

[@peterfrahm3427]

If time share deed wasn't registered with the county am I still responsible for timeshare

[@DestinationTimeshare]

Good question that I am probably not technically able to answer. However a deed doesn't need to be recorded in order to convey ownership. Does the timeshare management company have you on record as owning the timeshare?

[@peterfrahm3427]

@@DestinationTimeshare yes papers were signed, they what me to register deed with county before they'll do anything, i just dont trust after what i have dealt with them in the past 2 years, so confused i am close to not paying put i don't know how much it will affect my credit

[@Raul-nu6zc]

I have a relative that has a time share paid off and another that is close to being paid off. If they stop paying it can they come after her assets or is the credit the only consequence

[@DestinationTimeshare]

This will depend on the state in which the property is located and if it they have recourse. If the state does not allow the lender to have recourse, then they can't come after anything except the deeded timeshare week via foreclosure. Best to check out the link below on the TUG forums that has links to the different state timeshare laws. tugbbs.com/forums/threads/links-to-official-state-timeshare-laws-and-guides-manuals.298554/

[@Raul-nu6zc]

@@DestinationTimeshare the timeshare is in FL

[@DestinationTimeshare]

@@Raul-nu6zc Check out that link. I beleive Florida is anti-deficiency for timeshares.

[@sabeniesabenie]

Hi Destination Timeshare. Does Hawaii allow lender to have recourse? I have a fully paid deeded timeshare and want to stop paying the annual maintenance fee. I live in Illinois but timeshare is in Kauai

[@rnjaya]

I want to sell my timeshare for Holidayinn club vacation. Kindly advice how to start It is paid off

[@DestinationTimeshare]

"sell" is probably not the best term to use. I don't know exactly what you own, but chances are it has $0 resale value. You can start by perhaps trying to give the timeshare away for free. This would free you from the ongoing maintenance fees but won't recoup any of the money you paid to purchase the timeshare. I suggest starting here; tugbbs.com/forums/threads/how-can-i-give-away-my-timeshare-on-tug.132509/

[@Colm1173]

I own Sheraton Vistana Villages. What do I do when I am too old to go? Do I just stop paying the fees? Will I get sued? What happens?

[@DestinationTimeshare]

You may be able to sell it or give it away. Vistana also has a feedback program. So you could contact them and see if they are willing to take it back. They won’t pay you anything for it, but it won’t cost you anything either. No need to just stop paying. Do you know what phase you own; Bella, Key West, St Augustine or Amelia. Some phases have more value where others are really worth $0.

[@mariadelrisco9791]

Can I sell my timeshare if I am still paying for it?

[@DestinationTimeshare]

In most cases, if you own a timeshare where you still have a loan or mortgage on your purchase, it will be impossible to sell.

[@mariadelrisco9791]

I have interval international.. how can I sell this

[@DestinationTimeshare]

You don't have Interval International. Interval International is a timeshare exchange company. They don't own any timeshare resorts. You need to find out the exact resort that you own to best understand how to sell it or give it away.

[@mariadelrisco9791]

@@DestinationTimeshare yes that makes sense, I guess my question is how can I get rid of that loan or cancel the current contract I have with them

[@DestinationTimeshare]

If you have a current loan, then it isn't easy to cancel or get out. The loan is a legal obligation. Whatever you do, don't fall victim to timeshare exit companies that promise to get you out. They will jst advise you to stop paying and you go into default and the timeshare company forecloses. You are out of the timeshare, but you can do that yourself for free vs. paying a timeshare exit company thousands of dollars. Defaulting can cause a negative on your credit score, but it is an option for some as long as they know the repercussions.

[@TravelingWithEmMe]

Last time I checked Marriott will buy back your timeshare at $2.00 a point!

[@CocoChanelle-1]

One guy said he sold his by bartering.

[@DestinationTimeshare]

Yes, I saw that video. It was the Laptop Seniors KZbin channel.

[@gideondaily]

I am still paying for mine, but I am trying to sell it

[@DestinationTimeshare]

It will be nearly impossible to sell if there is an outstanding loan.

[@janosik150]

I stopped paying for time share,,, my bank loner said people do it all the time, and nobody cares about it, actually it is better.. it will be on your credit record for about 2 years, unless you can sell it.

[@DestinationTimeshare]

That is one way to do it!

[@ginany3565]

Did you get harassed with collection agencies calling you for payment?

[@janosik150]

@@ginany3565 No...the time share department...pleaded with me to make payments with all kinds of deals...lower payments...lowering the price...

[@JacekD-ow3wy]

What and where did you own?

[@janosik150]

@@JacekD-ow3wy by Disney Land, Florida

[@Zeke25ish]

I owe 6k in my timeshares. My timeshares is in Vegas

[@DestinationTimeshare]

Unfortunately is is nearly impossible to sell a timeshare that still has an outstanding loan against it.

[@Zeke25ish]

@@DestinationTimeshare I just paid it off. What should I do next?

[@DestinationTimeshare]

@@Zeke25ish You could use it or trade your week for somewhere else through RCI or Interval International. If you don't want the timeshare, then I suggest watching this video again. I provide information on where to start to sell it or give it away.

[@valmin5589]

Money says your a Canadian

[@DestinationTimeshare]

Technically I am Canadian and American, a dually as they call us. I was born and raised in Southern Ontario Canada but have lived the past 20 years in the USA and a naturalized US citizen for a while. Thanks for watching!

[@valmin5589]

@@DestinationTimeshare haha, I can hear it in the voice

[@lcarter194]

FEE FEE FEE

[@DestinationTimeshare]

Huh?

[@lcarter194]

No what you do you are paying a subscription fee

[@payyourselffirst5786]

don't buy it.

[@DestinationTimeshare]

That is one way, but that doesn't help people that already own it.