[Resort name removed] resale

[rosydon]

My husband and I own 1 fixed week in [resort name removed] in Gran Canaria. I have been in contact with their resale team and to resell through them they want a signed contract and our membership certificate. Of course the resale price they estimated in their email they say will not be withstanding after the next 15 days .....almost the way they sold us the timeshare. Having read a lot on reselling timeshares it seems to me that because they make more money selling their own weeks rather than resales does that mean they will sit on our resale , with our membership certificate, meaning we cannot sell elsewhere and then eventually offer us a ridiculous amount for it? Do they actually buy them back themselves or do private buyers actually buy them?

Any views as we are lost as to how to offload this for the most decent price we can get.


[We have a strict no advertising rule on TUG, so I removed the name of your resort so that your post won't be perceived as advertising.-DeniseM Moderator]

 

[teepeeca]

What "you" might think is a "ridiculous" price might be the "true" market price. Please don't expect to get anywhere near the price you paid. (I'm assuming you bought from the developer.) I believe you will be VERY LUCKY to get 5-10 cents on the dollar of your purchase price. (Sorry for the "bad" news.)

As far as sending them your "certificate", (If you want them to "try" to sell your timeshare), why not just send them a copy, and not the original? Also, there should be a "start" date, and an "end" date of your agreement with them to sell your timeshare.

Obviously, I know nothing about your resort, or whom you purchased it from, but I would expect them to try to buy it from you at a very low price.

Tony

 

[DeniseM]

Because of the economy, people can't afford to travel and/or can't afford to pay their maintenance fees, many people are trying to "unload" their timeshares, and prices have really dropped. You should expect to take a 50-100% loss, if you can sell it.

You might consider hanging on to it until the economy improves and renting it to cover your maintenance fees.

If you still want to sell, see the "How do I sell my TS" article at the top of this forum.