Posts Tagged ‘sell my timeshare’

Sunterra Timeshare How To Sell It

Friday, September 4th, 2009

Do you own a timeshare ? Do you want to sell it?Have you tried for a long period of time only to discover that there is no resale market? If you are like us you have spent fortunes over the years trying to sell your timeshare only to be ripped off by one scam artist after another.

One alternative to trying to sell your timeshare would be to trade it in for another product providing that product is obviously not another timeshare or points or some kind of holiday club as they are all basically trying to rip you off one way or another.

We tried to sell our timeshare via a number of different companies . We paid them good money and they promised us that they would take our timeshare off our hands but as per usual after the money had exchanged hands we were still lumbered with our timeshare and outrageously increasing maintenance fees.

We finally went for the alternative option and traded our timeshare in for a buy to let property abroad. Not only did the company we dealt with give us an upfront cash lump sum for our timeshare we also managed to secure an off plan property deal which gave us a healthy return on our investment within 36 months. We are now in the process of buying our second off plan purchase with the money we made on the first one.

This may appear to be a strange alternative to some people but we knew we would never get rid of our timeshares and the fees kept increasing rapidly. It took us a while to find the right company and the right investment but after some due diligence it was an absolute no brainer. We turned the increasing annual debt of the timeshare into a savings plan with a guaranteed return on our investment.

The worse case scanario for us if the property investment didnt increase in value was a gauranteed rental income offered by the broker so we could just sit on it until it did make money. The reason why we purchased the timeshare in the first place was because we thought it was an investment in our future holidays and supposedly a long term saving.
Like most timeshare owners we always wanted a property abroad and a timeshare was supposed to be a cheap way of doing it, by owning just a fraction of the property and only paying for what we used. Unfortunately by buying the the timeshare that dream turned into a nightmare.

The Investment agent made us an offer we couldnt refuse by giving us cash upfront for our timeshare on the condition that we simply reinvest a tiny fraction of the monies paid to us into an investment which gave us an even bigger return on our monies in 3 years. Some of you might see the sense in it and some maybe not. We feel its definately worth anyone haveing a look especially if you make as much money as we did. As far as we were concerned we had finally realised our dream because it’s what we really wanted when we first purchased our timeshare.

This option may not be for you but it’s certainly worth looking into especially if you own multiple weeks and the maintenance is over £1000 per year and the thought “how to sell my timeshare!" is constantly on your mind. If you want more details then go to our website. We set the website up to give other timeshare owners just like us an alternative way out because we were sick and tired of all the rip off merchants and scam artists out there just giving false information and taking money under false pretences

Want to sell your timeshare Fast? read article Now

Sunday, July 19th, 2009

How to sell my timeshare is definitely the major thought of most British Timeshare owners at the moment after the rising costs of maintenance fees in the last 24 months . Especially with the large companies in Europe like Diamond ( Used to be Sunterra) or Petchy. According to news articles these large companies are constantly hiking up fees.

With the pound weakened against the euro , the majority of timeshare owners have observed their
maintenance fees double! This is definitely not good news for multiple week owners especially those owners that own 2 or 3 bed apartments.

Generally a 2 bed apartment in most European locations will cost as much as £500 maintenance per week. So if you multiply that by 3 or 4 weeks then add the increase percentage wise based on the euro against the pound then many timeshare owners end up paying in excess of £2000 plus per year.

It's here where the problem is incured as they all own timeshare for a lifetime! So the most important question of the lot is usually "How can I get rid of my timeshare?"?”

If your maintenance fees are extremely high then its not a case of how can I sell my timeshare anymore it’s more of a case of how can i get rid it !

There are a number of different options you could take:

1) Register your timeshare on EBay. In some cases timeshare owners are literally giving them away on Ebay so the competition is quite high but the cost is very low

2)Register with a resale company. Based on the feedback from many timeshare owners like us, we have determined that the timeshare resale agencies dont actually do much to advertise the weeks because they generally have small budgets. They do sell some resale timeshare but
the amount of weeks they sell compared to the amount of weeks they have registered is relatively small so be prepared to wait a very long time !

3) You can offload your timeshare in the UK to a number of credible holiday clubs , simply trade it in as membership against their club. If you still like taking holidays but you have had enough of your timeshare then this could be a good option. There is a cost involved but if you offset that against the rising costs of maintenance then it makes a lot of sense financially.

4) Sell your timeshare to a friend or family member. It’s always worth investigating what friends and family are spending on their holidays each year because they might just be pleasantly surprised how much you could actually save them by selling them your timeshare.

5) If you work for a large organization then it's possibly worth setting up a raffle for the ownership of your timeshare i.e. The winner takes everything. We assume you want a fast sale then sell each ticket for £10 . You wouldn’t have to sell many tickets to raise £2000 .It will take a little work on your part but it all depends on how desperate you are to sell your timeshare.

If you are still asking How can I sell My Timeshare? It may be worth while if you follow a proven formula that has worked for many other timeshare owners. Check out the sellmytimeshare helpline for more advice.