Time Share

how do you sell a time share that you are making payments on?

Hey, so my mom lives in vancouver went down to las vegas in october and bought a Time Share at 500 a month. She realized she cannot afford it. How does she go about trying to get rid of it? Please Help…

thanks

You can sell it the day after you bought it if you want to, the catch is that the mortgage is still owed in its' entirety and you will have to pay it off as soon as you sell the timeshare. If the amount you owe is greater that the amount you are able to sell your timeshare for you will need to come up with the difference to clear the title for the next owner. Good luck on the sale, it is almost impossible to come up with a sale that covers your original purchase price if you bought from a developer.

Timeshares can be sold but the resale value is terrible, if yours is a good one (location, season, size of unit, etc.) then it is easier but it will never sell for half of what you paid for. The average prize that I have seen them been sold is for no more than $2000, and this is for completely paid off timeshares.
There are so many options out there and you are right several owners would just give them away, that it will be almost impossible for you to find someone to take over your payments or give you a good amount for it.
You might want to talk to your accountant about defaulting on the payments.

These are some options:

- Resale is most likely not an option unless you sell it to a friend or relative.
- BE VERY CAREFUL if someone offers to sale it for you and ask for money upfront, they are just a bunch of scammers.
- It is ok to pay a few dollars (no more that $30) to post an ad in some really good site. There are some FREE sites that you can advertise, and my advise is that you just give it away and let someone take over your payments, you can try these:

http://timeshareownerscommunity.com/

http://craigslist.com

http://ebay.com

http://recycler.com/

http://usfreeads.com/

http://www.inetgiant.com/

Need feedback about Rohan Builders in Pune..?

Considering a project by Rohan builders at Rohan Seher (resale). Can anyone share experiences with them, construction quality, honoring of promises. Also how is location of Seher vs location near Omega residency for living purposes?

They do ok. Sometimes late with their promises but only a day or two. The work is great with very few complaints.

Has anyone went on one of those trips where you have to attend a presentation for a time share?

You know how there are always those offers for a free trip if you sit-in on a presentation for getting Time Share (no purchase required)? Has anyone ever went to one and if so how was it and was it worth it to sit through the presentation?

To put it shortly, no, I don't think it is worth the time. I would rather pay the money than to sit through the presentation.

Generally they say the presentation only takes 90 minutes. I have done two (actually interested at the time) and never was out in less than 5 hours. You first have to tour their condo as well as the grounds, they generally show you a movie about their timeshare, then they talk with you and work out numbers. They will try several times to come up with a "deal" that you will like. After saying no about 4 times, they will then go get their manager who will then have to try and get you to buy by giving you a lower rate, etc. etc. It is just a big hassel in my opinion. If I am going to go on vacation, I want to relax and have a good time, not be hassled into something I just don't see being worth it.