Best Places to Post Free Resale

[SherreeM]

What a great resource TUG is! But I will confess to being a little overwhelmed by everything I am reading.

We would like to give our Florida timeshare away. When we bought, we thought about future resale and thought it was a solid bet; great location, nice size for family vacations, and RCI points. Now I see how many Florida timeshares are being given away. Yikes.

Based on your experience, in how many places should I advertise? We are Redweek verified so buyers know it's legit. I have posted here on TUG as well. I am thinking about eBay and just found MYResortNetwork. This could nickel and dime me pretty quick, though. Thoughts/recommendations?

This probably isn't a fair question but, based on what air am offering, any thoughts on how long this might take?

 

[Fredflintstone]

Free? My guess, as long as it is free and clear, is to post it in TUG. I bet it will be gone in a heartbeat.

TUG has a bargain basement section.


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[RX8]

I see you have posted your timeshare in the bargain forum. My suggestion, in addition to your link to Redweek, is add some more details to your TUG post. Include the MF, allotted RCI points, and whether or not there are any banked RCI points that will transfer. Every few days, come back to your post and add something new, maybe some pictures, some local attractions, activities at the resort, or a feel good story about one of your memories at the resort. Doing so will bump the post back to the top of the forum to avoid getting buried.

You have a nice offer. Being a 3 BDM will appeal to a larger family, I wish you luck!

PS - if you find a buyer on TUG you can save yourself some money on closing costs by using a company recommended by many on TUG. Disclosure, I’ve never used LT Transfers but have read many posts of people who praise their services, all for a very reasonable fee.

LT Transfers
4513 Highway 129, Cleveland, GA 30528
https://www.lttransfers.com/
(706) 219-2709

 

[DaveNV]

Welcome to Tug. I have given away several timeshares here over the years. You are surrounded here by people who are knowledgable and interested in owning timeshares.

The easiest way to sell it is to make your offer more appealing than someone else's. Things like this: Offer it for free, (assuming it's paid off - those with balances owing don't move.) Offer to pay closing costs. (LT Transfers, who are Tug members and highly regarded, can process paperwork on timeshare transfers for just a couple of hundred dollars. https://www.lttransfers.com ) If push comes to shove, offer a cash incentive to your new owner - something like a $100 cash card. Offer to pay next year's maintenance fees. Reserve a great week and include it in the deal. Be sure to put it on BOTH the Tug Marketplace, AND the Buy and Sell Forum. Include the pertinent details so a buyer will know right off if that's what they want. (Resort, unit size, fixed/floating, week/points value, maintenance fees, and whatever else will help it stand out.)

There are many options. The tipping point is to decide how much you're willing to entice a new owner, compared with having to pay next year's maintenance fees and whatever. People are willing buyers, but sometimes they need a little push.

Good luck!

Dave

 

[SteelerGal]

I have used RedWeek as well as Tug. Paying for closing as well as securing a good week in the usage year can be enticing.

 

[dioxide45]

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[TravelTime]

How about using Redweek full services? They charge $399 but I am not sure what this includes. Do they charge any extra fees for the closing?

 

[SherreeM]

How about using Redweek full services? They charge $399 but I am not sure what this includes. Do they charge any extra fees for the closing?

We have done this. Closing fees are on top of the $399 broker commission. Which probably isn't necessary given it's a give away but we thought it might give buyers confidence. We tried to remember all our concerns when we bought our first timeshare!

 

[SherreeM]

I have used RedWeek as well as Tug. Paying for closing as well as securing a good week in the usage year can be enticing.

We have until February to lock in 2021 usage, at which time it will convert to points. It's week 8, which is a great week but we weren't sure if it was better to be offering the week or giving buyers the points flexibility. Thoughts?

 

[SteelerGal]

We have until February to lock in 2021 usage, at which time it will convert to points. It's week 8, which is a great week but we weren't sure if it was better to be offering the week or giving buyers the points flexibility. Thoughts?

None of mine convert to points. You can always offer the option.

 

[SteelerGal]

For free, I list on RedWeek and indicate free closing, transfer fees as well as upcoming reservations. Talk about trading power as well as any rental possibilities. It’s how I finally was able to entice a buyer. It took 2mo.

I only used RedWeek Full Service for my HGVC because of the total cost of the transaction.

 

[SherreeM]

Thanks for all your help! I have updated my forum post with your suggestions. Don't think there is anything else I can do but wait patiently. Not my strong suit