The Real Deal Miami

Timeshare sellers turn to Internet

April 08, 2011 11:29AM

More and more timeshare owners are turning to the Internet to sell their
vacation property rights. After a few years of renting out his
timeshare unit instead of using it, Alan Cole, an Orlando resident, and
his wife chose to sell it online. “It was favorable for both of us,” he
said. As part of the deal, the new owners paid the resort transfer fee
and the maintenance fees for this year. Sellers are looking to a number
of extra throw-ins, including paying for closings costs or even future
maintenance fees, in a bid to get rid of them. “These days, timeshare
deeds are virtually worth nothing, no matter what the person paid for it
initially,” said Cole. “We’re owners, same as anybody else.” [Palm
Beach Post]