sherrybaby
newbie
Hello everyone,
I am drowning in information I don't understand. I've been reading here, giving up, and starting over for about a year, and now I really need to do something about this timeshare. Here is my situation; ANY advice is truly welcome!
First of all, I am not the owner. My grandfather is the owner of 128k points at Wyndham Cypress Palm in Kissimmee, FL that he purchased in 2008 direct from the company when it used to be FairShare Plus. He is over 90, recovering from a broken hip, and living overseas. He will probably never return to the States. I volunteered to help him sell it after looking online, finding you all, and getting the mistaken idea that I would be able to sort things out. Now it's nearing the end of the year and I just really want to do something with it before he has to pay property taxes. I can't pay the monthly fees/taxes or I'd buy it from him myself. He is in relatively good mental/physical health, but this is something he doesn't need to be paying for.
I had also considered just banking this years and next years points with RCI, getting my family to split the fees (possible nightmare), and using it for an extended family reunion near where my grandfather now lives. We are up to date with fees up until this month.
Given the time constraint, what are my options? Is this timeshare valuable enough to try to sell it quickly? What about getting an exchange through RCI that I could rent out soon? I'd really hate to give it away, b/c my grandfather paid retail for it and was hoping to get a little back for his bills. If he DID give it away, would it hurt to bank this year's points first? On second thought, will he still keep the RCI points after the timeshare is sold/transferred, or will it be sold along with the Cypress Palms points?
Please help! I appreciate the extent of experience and knowledge from the members here!
Thanks so much,
Sherry
I am drowning in information I don't understand. I've been reading here, giving up, and starting over for about a year, and now I really need to do something about this timeshare. Here is my situation; ANY advice is truly welcome!
First of all, I am not the owner. My grandfather is the owner of 128k points at Wyndham Cypress Palm in Kissimmee, FL that he purchased in 2008 direct from the company when it used to be FairShare Plus. He is over 90, recovering from a broken hip, and living overseas. He will probably never return to the States. I volunteered to help him sell it after looking online, finding you all, and getting the mistaken idea that I would be able to sort things out. Now it's nearing the end of the year and I just really want to do something with it before he has to pay property taxes. I can't pay the monthly fees/taxes or I'd buy it from him myself. He is in relatively good mental/physical health, but this is something he doesn't need to be paying for.
I had also considered just banking this years and next years points with RCI, getting my family to split the fees (possible nightmare), and using it for an extended family reunion near where my grandfather now lives. We are up to date with fees up until this month.
Given the time constraint, what are my options? Is this timeshare valuable enough to try to sell it quickly? What about getting an exchange through RCI that I could rent out soon? I'd really hate to give it away, b/c my grandfather paid retail for it and was hoping to get a little back for his bills. If he DID give it away, would it hurt to bank this year's points first? On second thought, will he still keep the RCI points after the timeshare is sold/transferred, or will it be sold along with the Cypress Palms points?
Please help! I appreciate the extent of experience and knowledge from the members here!
Thanks so much,
Sherry