Timeshares problems
I wanted to get some feedback on why so many want to sell their timeshare. do people just no longer want to travel? Is it the corruption of many of the resort developers?
If people can share their views maybe we can come up with a better solution.
Another question I had:
If you wanted to sell your timeshare what would make you consider keeping it?: better accommodations? lower maintenance fees?
We own 6 weeks (10 if we use lockoffs) and I would like to sell 2 of them. One is in Mexico and the other is where I live. I would keep the other 4, all in Hawaii. We originally bought in Maui because we did not want to be shut out of the luxury hotel/rental market. We wanted a high quality resort and we got it. We usually use one unit and rent the other, most years we get enough to pay for both units MFs. We own Wyndham Hawaii and we have lots of options with their points, including selling points, etc.
The small one on Cape Cod is only good for exchanges, it's a white week, but most exchanges have been pretty good. The Mexico one was an impulse purchase and we have not been back, or paid the MFs, (they are optional), since we bought it.
I would donate the Cape Cod one to a charity if one would take it, and would be willing to sell Mexico at a loss.
We love the timeshare life, but it does take a lot of time and attention to maximize ownership, and that's not for everyone. I meet people all the time who tell me they have a timeshare and haven't used it in years, but they keep paying the fees!! I have a real estate and rental background so it comes pretty easily to me and I enjoy the planning and all the research. We are semi-retired so we can travel when we like....
So, we are happy with most.