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Sell My Timeshare? Encore?

Liz Wolf-Spada

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Not advertising, but looking to sell a timeshare. I know we are always told not to pay up front costs, but an article in the LA Times said paying up to $1000 for marketing was OK. Sell my timeshare told me that if I sold at $8,000 I would be the lowest price for that particular thing and that they had really good results (probably the people who go to a presentation and think of $35,000 and then $10,000 looks great. I called my timeshare and they recommended Nick at Encore who has some deal with them where he will pay me $2500 and then he gets $3000 from the buyback and then of course the developer will charge $40,000. It sounded simple and included all closing costs. Has anyone actually worked with either of these two companies?
Thanks,
Liz
 

DeniseM

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I have to strongly disagree about paying a large upfront fee - that's bad advice. I don't believe that any of the resorts you have listed in your profile will sell for $8,000 nor even close. In fact, I think the last 2 would have to be given away.

Here is a list of reputable brokers who are Tuggers, and they DON'T charge upfront fees - I'd contact them and see what they advise:

Syed Sarmad (TUG user name Syed)
www.advantagevacation.com

Fred Messreni (TUG user name FredM if you want to send him a pm)
www.timeshare-gallery.com

Seth Nock (TUG user name the same if you want to send him a pm)
www.sellingtimeshares.net

Judi Kozlowski (TUG user name the same if you want to send her a pm)
www.timeshareresalepros.com
 
Last edited:

rickandcindy23

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Wyndham Founder; Disney OKW & SSR; Marriott's Willow Ridge,Shadow Ridge,Grand Chateau;Val Chatelle; Hono Koa OF (3); SBR(LOTS), SDO a few; Grand Palms; WKORV-OF (2),Westin Desert Willow.
The LA Times is giving really horrid advice. Legitimate brokers don't charge anything until the unit is sold. Their cut is taken from the proceeds and is a determined amount well ahead of time. A fee to add a listing to a site is not going to give you what you want, which is a sold property!

You didn't say which week you were selling.

That's quite a deal Nick at Encore is doing. :eek:

I used Syed to sell our 2 bed Sands of Kahana on Maui, but I doubt he will be able to sell anything that is not a fairly high-end timeshare. He was not interested in selling our Maui-ordinary timeshare at all. Not his fault, just how it is. He knew it wouldn't sell for even the cost of his fees. I didn't even want to make anything from it. I think we paid him $3,000 to sell our week at Sands.

The Welk, if you are indeed selling that one, I would contact Tri-West to sell it. This is a local So Cal broker who specializes in the area.
 

DeniseM

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Hi Cindy - I agree that these brokers may not be willing to take her listing, but even if they aren't, they will give her honest advice about the value of her timeshare.
 

Liz Wolf-Spada

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Thank you, I will contact Sayed and Tri-West. My profile probably isn't actually updated, because I never think about it, but I don't want to advertise here.
Liz
 

Liz Wolf-Spada

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Looking at Tri-West listings, there are not many and they range from $8,000 to $10,000. I would be happy with less. I hate to sell anything, but I am not using enough weeks now that my husband is gone.
Liz
 

Liz Wolf-Spada

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Well, my profile is way out of date. How do I change it? I didn't see an edit option.
Thanks,
Liz
 

scootr5

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Marriott Grande Vista, Wyndham (points and Avenue Plaza Mardi Gras week)
Well, my profile is way out of date. How do I change it? I didn't see an edit option.
Thanks,
Liz

User CP -> Edit Your Details -> scroll down to "Resorts Owned"
 

DeniseM

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Hi Liz - I recommend that you contact at least 3 of the brokers that I posted for an honest evaluation of your situation.
 
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