• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

how do i give away a timeshare [merged]

meshall

TUG Member
Joined
Jan 13, 2009
Messages
5
Reaction score
0
Points
1
Location
Roanoke,Va
when my father died we got 2 weeks at ocean city md bay club. they ar 7 and 36. but we can not use them, and wonder if there is a way to give them to someone who can. the mat. fees are 585 a week.
any sugestions?
thanks
michelle:wave:
 

DeniseM

Moderator
Joined
Jun 6, 2005
Messages
57,668
Reaction score
9,088
Points
1,849
Resorts Owned
WKORV, WKV, 2-SDO, 4-Kauai Beach Villas, Island Park Village (Yellowstone), Hyatt High Sierra, Dolphin's Cove (Anaheim)
Welcome to TUG! :hi:

It's hard to give away a timeshare in this economy. Your best bet is to offer it for free on several of the free or low-cost TS sites and offer to pay the transfer costs, which could be a few hundred dollars.

You can list it right here in the TUG classifieds for free.

Craigslist is also free, and www.redweek.com is only $19 for a 6 mo. Ad.
 
Last edited:

vacationtime1

TUG Review Crew: Veteran
TUG Member
Joined
Sep 7, 2006
Messages
5,159
Reaction score
2,750
Points
649
Location
San Francisco
Resorts Owned
WKORV-OF (Maui)
WKV x2 (Scottsdale)
eBay. Start the auction at a dollar.

But do some research first. Make certain that your description is both descriptive and very accurate. Check other ads to see how ads are typically structured. You want the buyers to know what you are selling and you don't want the deal to unwind after the auction closes because the buyer discovers he did not buy what he thought he was buying.

The buyer typically pays closing costs in timeshare transactions. Some sellers offer to pay them (typically about $300-$400). That is a judgment call. If the buyer is paying for the escrow, let the buyer pick the escrow agent.
 

DeniseM

Moderator
Joined
Jun 6, 2005
Messages
57,668
Reaction score
9,088
Points
1,849
Resorts Owned
WKORV, WKV, 2-SDO, 4-Kauai Beach Villas, Island Park Village (Yellowstone), Hyatt High Sierra, Dolphin's Cove (Anaheim)
Robert is right, the buyer does traditionally pay closing costs, but in this market some sellers are paying them as an incentive to sell their week faster. There is a week for sale on Redweek right now for $1 and the seller is paying the MF.
 
Last edited:

Keitht

TUG Lifetime Member
Joined
Jun 6, 2005
Messages
3,518
Reaction score
3
Points
36
Location
Gloucester, England
When placing the advert, I would emphasise the fact that they were purchased by your late father and that you have no use for them. That way there will be less of a sense that you are trying to dump them because of the cost (even if that is the reality).
 

funtime

TUG Review Crew: Veteran
TUG Member
Joined
Jun 6, 2005
Messages
2,388
Reaction score
144
Points
424
Location
Dallas
I suggest starting with week 36 - do some research on ebay and try to get some pictures and really "sell" the unit. I have placed some of my medium timeshares on either ebay or another site and by the time I am through with the description, I like the unit all over again. Week 36 is a great time to be at the beach. Also, I personally dislike reading about Mom getting older, or husband has cancer and we have to sell etc. I don't think that helps you to sell the unit and I don't thinks that people bid on timeshares as a result of a pathetic plea. Instead, concentrate on the positives of the unit and the potential trades if it has trade history etc. Also check out Redweek and see if there are other units for sale etc. Week 7 will be a lot harder to sell in my experience. So separate the two units and treat them differently. Good luck. Funtime
 

FlyerBobcat

TUG Review Crew
TUG Member
Joined
Nov 3, 2008
Messages
1,486
Reaction score
3
Points
398
Location
Central Ohio
...Also, I personally dislike reading about Mom getting older, or husband has cancer and we have to sell etc. I don't think that helps you to sell the unit and I don't thinks that people bid on timeshares as a result of a pathetic plea......

I don't think that this post reflects what Keith was saying....
 

Patri

Tug Review Crew
TUG Member
Joined
Jun 6, 2005
Messages
6,728
Reaction score
4,007
Points
648
If you have a starting price that is very cheap, I don't think you have to pay closing costs, too. Try your luck. If no buyers, then offer in a later ad that you will pay closing.
 

DeniseM

Moderator
Joined
Jun 6, 2005
Messages
57,668
Reaction score
9,088
Points
1,849
Resorts Owned
WKORV, WKV, 2-SDO, 4-Kauai Beach Villas, Island Park Village (Yellowstone), Hyatt High Sierra, Dolphin's Cove (Anaheim)
These are off-season weeks at an older resort - it's going to be hard to find a taker in this economy. There are already Ads out there for this resort for $1 with the seller paying closing. If she just wants to get rid of them quickly, then the fastest way is to sell for a dollar and pay closing.
 

roadtriper

TUG Member
Joined
Nov 14, 2005
Messages
643
Reaction score
2
Points
378
Location
Maine
when my father died we got 2 weeks at ocean city md bay club. they ar 7 and 36. but we can not use them, and wonder if there is a way to give them to someone who can. the mat. fees are 585 a week.
any sugestions?
thanks
michelle:wave:

Michelle, are these weeks still in your fathers name? I'm not a lawyer, and don't even play one on TV. But I believe that children do not inherit their parent's obligations, when the parent dies. and timeshare weeks can definatly be more of an obligation than an asset! just a thought? RT.
 

DeniseM

Moderator
Joined
Jun 6, 2005
Messages
57,668
Reaction score
9,088
Points
1,849
Resorts Owned
WKORV, WKV, 2-SDO, 4-Kauai Beach Villas, Island Park Village (Yellowstone), Hyatt High Sierra, Dolphin's Cove (Anaheim)
Michelle, are these weeks still in your fathers name? I'm not a lawyer, and don't even play one on TV. But I believe that children do not inherit their parent's obligations, when the parent dies. and timeshare weeks can definatly be more of an obligation than an asset! just a thought? RT.

According to Tuggers who are in the know about this, the children aren't responsible, but the estate is, so they still have to figure out to do with the timeshares in order to settle the estate. The estate is still responsible for maintenance fees and taxes, until they do.
 

richardm

TUG Member
Joined
Aug 6, 2007
Messages
1,263
Reaction score
36
Points
409
Location
Orlando
State taxes for Maryland may also be due from the seller at closing, so will also need to be considered along with possible probate issues. I'd recommend you contact a closing agent very familiar with your particular resort to ensure you are aware of any specific requirements you may need to resolve to transfer this ownership before you spend money to advertise.
 

Dave H

TUG Member
Joined
Jul 28, 2007
Messages
417
Reaction score
3
Points
228
Location
Orlando
State taxes for Maryland may also be due from the seller at closing, so will also need to be considered along with possible probate issues. I'd recommend you contact a closing agent very familiar with your particular resort to ensure you are aware of any specific requirements you may need to resolve to transfer this ownership before you spend money to advertise.

Rich:

Very sound advice. If they are in Dads name and probate has not been done, the cost is more than they are worth. She really does not say if probate in MARYLAND has been done. If it was done in a different state than the timeshare state, the probate judge where he died would not have jurisdiction to pass the property on to anyone.
 

rsnash

Tug Review Crew: Rookie
TUG Member
Joined
Aug 2, 2008
Messages
377
Reaction score
2
Points
16
Location
NJ
Meshall - Do you not vacation at all or can you just not go to Maryland during the weeks you now own? If the latter, do yourself a favor and learn all you can about the opportunities to make use of them (by exchanging them) before dumping them on eBay.
 

DeniseM

Moderator
Joined
Jun 6, 2005
Messages
57,668
Reaction score
9,088
Points
1,849
Resorts Owned
WKORV, WKV, 2-SDO, 4-Kauai Beach Villas, Island Park Village (Yellowstone), Hyatt High Sierra, Dolphin's Cove (Anaheim)
There are lots of websites which takes the TS as a donation. Try donating it.

http://www.sellmytimesharenow.com/owners/index/content/donate/

Sellmytimesharenow.com is not a charity. It's an upfront fee company.

More information.

Bona fide charities will only accept the donation of a timeshare with some market value that they can resale quickly. In this economy, with lots of people trying to unload their timeshares it is difficult, not easy, to find a legitimate charity that will accept a timeshare with little or no resale value.
 

natarajanv

TUG Member
Joined
Jan 15, 2009
Messages
636
Reaction score
294
Points
423
This is what I got from their website.

SellMyTimeshareNOW is pleased to announce that we are now able to process timeshare donations! We offer a program with no fees to the donor - not up front, not after the sale, never.

If anyone had used their service to donate, please let us know...
 

richardm

TUG Member
Joined
Aug 6, 2007
Messages
1,263
Reaction score
36
Points
409
Location
Orlando
Timeshare donations...

http://www.timeshareforums.com/foru...ting-your-timeshare-charity-did-work-you.html

I've got an ongoing thread at the above link dealing with the subject of timeshare donations to charities. Info on numerous groups is contained there, as well as info on Sellmytimesharenow and the Southern New Hampshire University.

Is it just me- or does Sellmytimesharenow seem to be spending an awful lot of time in this forum with self-promotion. There should be a disclaimer attached to all "guests" that post from those IP addresses! I hope this thread isn't allowed to be hijacked away from the OP's original concern.
 

meshall

TUG Member
Joined
Jan 13, 2009
Messages
5
Reaction score
0
Points
1
Location
Roanoke,Va
it has been transfered to my name so we could close. he did not have a will, but it is now in my name
 

meshall

TUG Member
Joined
Jan 13, 2009
Messages
5
Reaction score
0
Points
1
Location
Roanoke,Va
we see these weeks as less of an asscet and more af a burden. we have to pay the mat. fee in jan for both weeks. it just does not work for our fam. Now it just does not seem to be a way out
 

DeniseM

Moderator
Joined
Jun 6, 2005
Messages
57,668
Reaction score
9,088
Points
1,849
Resorts Owned
WKORV, WKV, 2-SDO, 4-Kauai Beach Villas, Island Park Village (Yellowstone), Hyatt High Sierra, Dolphin's Cove (Anaheim)
Meshall - have you tried any of the suggestions in this thread?
 

theo

TUG Review Crew: Veteran
TUG Member
Joined
Mar 21, 2007
Messages
9,032
Reaction score
2,268
Points
648
Location
New England Coast
Deedback?

we see these weeks as less of an asscet and more af a burden. we have to pay the mat. fee in jan for both weeks. it just does not work for our fam. Now it just does not seem to be a way out

Have you contacted the resort HOA (...in writing, no phone calls) to explain the details of this situation and overtly ask them to consider acceptance of a deedback of these 2 weeks?

I know nothing about the facility at issue, but if you make it very clear that you have no interest in ownership of this inherited and unwelcome obligation --- and that you have neither interest nor intentions regarding paying future maintenance fees, they might (...repeat, might) just agree to acceptance of a deedback. If they fully comprehend and truly believe that this is an ownership which is ultimately and inevitably headed toward a future foreclosure (which would necessarily involve an unwelcome and avoidable "out of pocket" legal expense for the HOA), then they might just decide to instead accept a deedback as a proactive alternative.
It will cost you nothing to at least ask the question...:shrug:
 
Last edited:
Joined
Jan 20, 2009
Messages
3
Reaction score
0
Points
1
wow...

what is going on when the company does not even want to take the timeshare free of charge.
a timeshare that they can sell again to another person.

makes you really think how timeshares are a burden than an asset if the company doesn't want to get it absolutely free.
 
Top