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How can I give away my timeshare on TUG?

Discussion in 'Bargain Deals' started by DeniseM, Oct 14, 2010.

  1. DeniseM

    DeniseM Moderator

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    Before you pay an upfront fee to someone to "take your timeshare off your hands," please consider giving your timeshare away to a private individual who would like to own it.

    Why?

    -You can give it away yourself for nearly no cost.
    -You can control the transfer process to make sure it is truly transferred out of your name.
    -You won't have to deal with companies that may or may not be Legit.
    -You can transfer it to a private individual who will be happy to have it for their own use.
    -You will have the satisfaction of knowing that you ended your ownership legally and ethically.

    There are TWO places on TUG where you can give away your TS's for free - you want to post Ads in BOTH locations, because they are different locations, with different audiences.

    There are other cheap and free sites on the internet, as well - I use Craigslist and Redweek.

    1) TUG Marketplace - the only cost is your TUG membership - $15 (List it for $1 and it will automatically go in the Bargain Basement Ads.)

    2) Bargain Deals - Totally FREE! - just write a simple post with all the pertinent info. In your post, include the following info.:
    -resort name
    -unit size
    -season owned
    -maintenance fee
    -current reservations​

    SAMPLE AD: http://www.tugbbs.com/forums/showthread.php?t=224197

    To make it more attractive I would:

    1) Pay for the 2016/2017 maintenance fees and don't ask for reimbursement.

    2) Offer to pay for the title transfer/closing - inexpensive transfer/closings are around $150 - ask for recommendations on TUG. The closing company will walk you through the whole thing - you don't have to know how to do a title transfer yourself.

    3) Reserve a popular holiday week in 2016/2017 for the new owner

    4) Here is the CRITICAL step that most people miss - come back to to your post once a week and bump it with new info. to keep it on the main page. (When you add a new post to your original thread, it automatically "bumps" your thread to the top of the page where it will be more visible.) ​

    *** You don't have to know anything about title transfers - that is why you use a reputable transfer company. All you have to do is post an Ad, and find someone who wants it. Once you have a taker, the title transfer company will take over the process and walk you through it. They will provide the contract, communicate with the buyer, prepare the new deed, collect required signatures, and record the deed with the local recorder's office, and resort.

    Good luck!
     
    Last edited: Apr 16, 2016
  2. helpmedivest

    helpmedivest Guest

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    Thanks for the advice

    Denise:

    I took your advice and posted my Breckenridge timeshare on your "bargain list." What does the little arrow on the envelope mean?

    Thanks...helpmedivest
     
  3. DeniseM

    DeniseM Moderator

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    Great! Good luck with giving it away. :clap:

    The arrow means you posted in the thread.
     
  4. vickeynmikewallace

    vickeynmikewallace Guest

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    We initially joined TUG in 1998. When we purchased two timeshares with Pahio (Bali Hai eoy and Kaeo Kai every year. I have developed severe medical condition in 2008 (metastatic breast cancer). We are unable to maintain our maintenance fees due to dr bills. Is there any way we can get rid of them before next Aug fees are due? If there is any way we can cover the cost of this years fees? Any help is appreciated.
     
  5. DeniseM

    DeniseM Moderator

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    Hi - If you give your timeshare away before Aug., the new owner will pay the fees. I would use the method at the top of this thread to give it away.

    One way to cover this year's fees is to reserve a popular week (mid-summer is popular in Hawaii) and rent it out.

    Right now, a lot of people are trying to rent their timeshares, so you want to price your week competitively, market it well, and make sure you have a lot of traffic - because you have a lot of competition. I personally use these cheap or free websites to post my Ads:

    TUG Timeshare Marketplace - http://tug2.com/timesharemarketplace/
    1 year Membership - $15
    Ads - free up to 25

    www.craigslist.org (free)

    www.redweek.com
    Membership - $14.99 for 12 months
    Timeshare Rental Ads - $24.99/ea for 6 Months
    Timeshare Resale Ads - $59.99/ea for 12 Months

    www.myresortnetwork.com
    Membership - free
    Timeshare Rental Ads - $19.95 ($24.95 - floating weeks)
    Timeshare Resale Ads - $34.95

    There is also a list of resale websites at the top of the Buying, Selling, Renting, board that you may want to take a look at.

    Some people don't like Craigslist, because you get a lot of scammers who respond, but they are painfully obvious, and I just ignore them. Another tool I use to eliminate the scammers is that I only accept payment by Paypal which requires a verified bank account or credit card to be registered. I just rented my Hawaii timeshare for full asking price on Craigs list. On Craigslist, you need to create a Craigslist Acct., create 3 different Ads with different titles and wording, and rotate them every 3 days. You don't have to rewrite the Ads - if you create an Acct. they will be saved in your Acct. and you can just delete the oldest one, and repost a new one, every 3 days.

    WHATEVER YOU DO, DON'T PAY ANYONE A LARGE UPFRONT FEE TO RENT OR SELL YOUR TIMESHARE - THAT IS ALWAYS A SCAM!
     
  6. vickeynmikewallace

    vickeynmikewallace Guest

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    Thank you for the quick response. Your information was very helpful.
     
  7. Sewbiz13

    Sewbiz13 TUG Member

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    Inherited Timeshare

    My sister and I inherited my parent's timeshare and we are in the process of researching how to give it away.
    I see in your information a resource for handling the title transfer. What other closing costs are involved with this type of transaction?
    We had an appraiser go out to the property last week and have received that information and we have the deed.
    My parents had this timeshare for years and we never have been there and are unable to use it. We have very basic knowledge of the timeshare program so any help we can get will be appreciated!
    Thanks!

    Barbara

    By the way, the unit is in Northslope in PA and my parents were quarter owners.
     
    Last edited: May 16, 2011
  8. DeniseM

    DeniseM Moderator

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    A quarter ownership is not really a timeshare. Timeshares are sold by the week. I think I'd check with several local real estate agents and see if there is any local market.
     
  9. Sewbiz13

    Sewbiz13 TUG Member

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    We have a schedule of the weeks that they had for the unit. I know they could sell their weeks (not sure if sell is the proper terminology - in the past others used their weeks and they received money for it).

    Barbara
     
  10. vacationhopeful

    vacationhopeful TUG Member

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    Resorts Owned:
    Ft Lauderdale Beach, Wyndham Santa Barbara, Wyndham Royal Vista, Wyndham Sea Gardens, Wyndham Shawnee (Poconos)
    Is Northslope in Monroe County, PA near Tannersville? If so, it is next door to Camelback Ski Area. And near the Mt Airy Lodge & Casino.Don't count on the gamblers as a source of rentals; skiers are more likely.
     
  11. Sewbiz13

    Sewbiz13 TUG Member

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    Linda,
    Yes, Northslope is in Monroe County. I know skiing is popular in that area. What about golf?
    My sister and I have not been to the unit so we are unfamiliar with what is up there. I went to Mt. Airy Lodge on my Senior class trip in the 70's so that is all the experience I have LOL!

    Barbara
     
  12. hunterpaul25

    hunterpaul25 Guest

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    Transfer papers

    I am in the process of listing my timeshare in Canada up for sale for free here on the board but where do you get the papers for transfer of a timeshare and instructions on closing costs??

    Thank you

    Paul from Canada
     
  13. DeniseM

    DeniseM Moderator

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    See my suggestion in post #1 - it is listed as item 2 in the post.

    You should call the resort management directly and as them if the resort has a transfer fee.
     
  14. linrobertson44

    linrobertson44 Guest

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    Getting Rid of a Westgate Timeshare

    First, let me thank all of those who have been so helpful in posting information on this site.

    I HAD a timeshare at Westgate Vacation Villas. It was a 1 bedroom. My daughter and I no longer could afford it so I started the resale process. After several calls to Westgate and speaking with everyone there, I found a person who was willing to present our offer of turning over the interval to Westgate for nothing as we were ready to use your site to give it away. Now this took nearly a year but as of June 2 Westgate is now the proud owner of the interval at NO cost to us. At the beginning of this time consuming process all fees were current.

    I do not know if other developers are as helpful but Westgate Vacation Villas were actively selling intervals so this in fact just got returned to their inventory. All I can suggest is persistence in contacting the company and throwing yourself on their mercy.

    Good Luck!!!!
     
  15. LannyPC

    LannyPC TUG Member

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    Thanks for sharing your experience. It just continues prove that owners do not need to pay a Post Card Company or charity thousands of dollars to take a timeshare off their hands.
     
  16. celliott

    celliott Guest

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    New guy here.

    Would putting your money in an escrow account be considered paying an upfront fee?

    Thanks
     
  17. DeniseM

    DeniseM Moderator

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    Absolutely - HOW are you going to make them give it back to you, and WHY should the SELLER put money in an escrow account?

    This SCREAMS scam!
     
  18. calgirl

    calgirl Guest

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    Wow, I think I will try this... We have a 2 bedroom we are trying to give away. May I ask who you spoke to? Do you think we have a chance at giving it back to Westgate? Thanks...

    Cindy
     
  19. celliott

    celliott Guest

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    I contacted my resort at Vacation Village at Parkway in Kissimmee and they said they currently don't have a deed back program and I would have to find a resale company. Sending me to the scammers!
     
  20. yumdrey

    yumdrey TUG Review Crew: Veteran TUG Member

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    quote of deleted post removed


    Funny!
    Usually resort don't send letter to previous owner to let them know they are not responsible for future MF.
    Nice try!!
     
    Last edited by a moderator: Nov 21, 2011
  21. vacationtime1

    vacationtime1 TUG Member

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    quote of deleted post removed

    You registered on this board just today, but you have already posted twice in different threads. Both of your posts were to extoll the virtues of a company using a business model most of us believe to be fraudulent.

    You posted no financial details of your deal with them (other than that you think their fee was "reasonable").

    The only detail that you did post -- that the resort sent you a certified letter as you describe above -- is something none of us have ever heard of in literally thousands of transactions.

    Why should I (or anyone) believe you?
     
    Last edited by a moderator: Nov 21, 2011
  22. theo

    theo TUG Review Crew: Veteran TUG Member

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    A most unconvincing SHILL...

    So is any and all of your (non-existent) credibility. Goodbye, "Goodbye Timeshare"...:wave:
     
  23. iloveflorida

    iloveflorida TUG Member

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    Contract

    I feel silly for asking this, but if I am giving away a timeshare, does there need to be a contract between myself and the recipient? Or can we go straight to the title transfer, resort transfer, etc.?
     
  24. DeniseM

    DeniseM Moderator

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    Whether you use a contract or not it up to you and the new owner - the county recorder's office and the TS title office won't ask to see it.

    I have gotten two free TS's from Tuggers. For one we just did the basic title transfer and for the other the owner emailed me a basic contract that she copied from another contract.
     
  25. luv2vaca

    luv2vaca Guest

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    worried

    I was worried about doing that for fear they would sue me for the 2012 fees. Did they agree to take it back or did you just do a quit claim deed?
     

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