In 2004, when I was a traveling nurse making good money, I purchased a time share (after some high pressure sales) for which I pay $330 per month for another six years (10 years total). I also pay $99 per month for the maintenance fee, which will NEVER END. I can’t get rid of this thing. I am now remarried and settled, not making big money and need (and want) to part with this property. Additionally, I’m on the West Coast and most of the resorts are on the East Coast. I have spent about $2,000 listing it with three companies who say, “I can sell this for you in three months or less.” Well, that was three years ago and I still own it and pay the bill.
I’m 59 and looking to retire someday. I don’t want my children to inherit this thing, the company won’t take it back, and no one yet has wanted to buy it. Do you have any ideas?
You can try to aggressively sell it through something like eBay. But your best option is to talk to the company that you bought it from. Don’t talk to the lending department or the business division. They are only concerned with the property they own. Talk to a salesperson. Promise an extra bonus or commission if they sell your time share. That will get them motivated and get your time share sold.