Doug, you would be better off buying a grave plot as you could truly get some rest when you finally use it.

there are people who love them.... find one of them....cut them a good deal....

Leave the door open and hope someone steals it.

Hold a contest and give it away.

Don't worry, the "Godzilla Timeshare Removal Service" has you covered!

I have friends that were able to give one back. Their other one is an albatross and will continue to haunt their heirs after they pass away. They explored some of those companies that help you get rid of them but were unwilling to pay the thousands of dollars that was required to abandon their interest. I say pay me now or pay me later. Regardless, it will take a big ding to the pocketbook to get rid of one. 

I believe there is a secondary market for these out there - typically at a fraction of the price you paid for it initially.

Doug... I believe there are companies that actually buy them... but I bet you'd get pennies on the dollar. So sorry for your loss. 

a better question:  How the heck did you get stuck with it, in the first place?

There are companies that specialize in this.  And, Google has lots of results for a search on that very question.  

A good thought to have before you purchase one.

Doug,

There are some who specialize in these, and I think you have a good idea.  A

Worst investment you can make.

Is this a trick question as in what are the two happiest days of a boat owner's life?

There are companies who buy them and can get you out. Cut your loses and call them! Why did you ever agree to one in the beginning..inquiring minds want to know!

You can sell it privately by posting it on special sites that specialize in them or contacting owners of same. There's actually secondary companies that sell resale timeshares. I would also contact the timeshare organization, they may have a underground channel in a manner of speaking.

If the timeshare is in a high demand resort area with lots of rentals, the resort management company itself may want to buy it.

And nothing like a good Google search.

  There are timeshare re-sellers in Florida.   Lots of them in the Orlando area.  You will be lucky to net 10 cents on the dollar.

Auction?

I know that in the Orlando area there are companies that specialize in the resale of these time shares. Unfortunately, most people find out they don't get much money for their time shares and sometimes even have to give them away. 

No clue, I've never bought one although I've gone to many presentations. Several people I know actually like theirs and have stuck with them for many years.

That is about the only way, you sure can't sell them.

The management company has the solution for you.

You bought it. Someone else will buy it from you.

Just make certain the one who markets it has the right credentials. Those credentials may NOT be a real estate agent.

We have one and it is....used rarely. It was a mistake to get into them...

Perfect idea or refer it to your competitors in town. I really don't know.

Put it on Ebay.

Doug Dawes I've only known one person who finally sold a timeshare. He wouldn't admit it, but I'm sure he took a tremendous loss. Good luck with it.

In DFW, someone is running radio ads to buy unwanted timeshares.  I'm sure if you google selling a timeshare, you'll get a lot of hits.

Never worry about it by never purchasing one!

I'm sure you've gotten this comment but, there are companies who actually specialize in this! I would Google it, Doug Dawes.  Good luck!

I had a similar thought - but does that mean like... over my dead body? 

Give it away!  They are very hard to get rid of ... not sure if you ever recover your investment.  I've heard NOT!

For timeshares in some developments, there are active second markets and many forums / blogs can be found online.

Now that's the million dollar question...  Give it to one of my brother's ex wives.... HA!!!!

LOL....Yea, how do these die?  Lets find out Doug

There are soom good answers here for you. Good luck

My brother in law gave it to his son.

Consult with an attorney...

Good idea.

I have a friend who owns 2 !!!  He loves them, he's offered to sell one of his to me, hey wait a minute...

But seriously, I've seen them on CraigsList.  Some people really do like them.

Doug Dawes - some of our Karma stays with us....

The best way is not to buy one

I sold mine back to the sales office who called me asking if i wanted to sell. I could go there cheaper on my own with out the cost of a time share or steep yearly fees. 

Lol Doug Dawes . My broker told me that it is not something that we do under our brokerage.

I'll bet the sales office thought that too. I find not buying them is the best way.

Good luck, can you just walk away?

My idiot sister bought a time share at a lake in Northern Minnesota, Bemidji, I think or wait, I think it was Brainerd. Anyway, she can't sell it. They won't take it back. I told her to let them foreclose but she doesn't want to do it. She pays taxes and HOA dues once every 2 years and since she just paid it, she's thinking somebody will buy it.

I checked and the resort has a roster of people wanting to give away these Memorial Day timeshares on the lake for a $1.00 and nobody is biting. Can't even donate it to charity because you have to actually PAY a charity to take it. There are also the scammers, but if you pay them, they'll take the deed. Just make sure they record it.

Consult your CPA, and donate it to your church, favorite charity, or alma mater for their auction fundraising event. Regardless of what it is sold for, you can take the deduction or carryover on your taxes as a "charitable contribution." 

Talk with its your tax professional &/or attorney before doing anything. 

I hope ole this may help. 

They can be sold. People still want them Doug!

Depending on where your timeshare is located, advertise and see if someone will purchase it from you. They are popular in many states especially to families who only want to use the place in certain times of the year.

Go to Dave Ramsey's website.  I think the company is Timeshare Exit Team.  Haven't used them personally.  I listed mine on EBay and gave it away. 

Have you tried Timeshare Users Group? Membership is $15/year, and you can list a timeshare to sell or rent, plus there is a wishlist forum for people looking to buy. Good luck!

We don't have any in Denver, but many of the ski areas have them.  Good luck! 

Dave Ramsey radio check out their group

Good Luck,  I know of so many people that have them but now they want to get rid of it and they do not know how.

If it were me I would give/sell it to your kids and take a big tax deduction

I don't know.

Sell it.

We did.

For a profit!! 

Disappear, change your name, move to Mexico?

I think they are one of the worst investments, period. Good luck!

Yeah, don't buy one.  Buy a plot for your final resting place instead

Hey Doug, not sure if you ever got rid of your timeshare but I am just now seeing this question. As you probably know, there are lots of people (actually RedWeek says over 1,000,000) who are trying to get rid of their timeshares currently.

I have been on both sides of the timeshare business, both selling them (don't shoot me, it was a short term gig until I learned how corrupt the industry was) and now helping people get rid of them. I also own one. So I feel that I can share some insights.

The problem is that the sales people are never up front about getting rid of them or what we call the "end of the timeshare life cycle." When I was trained to sell timeshares, I was made to beleive that the company would buy it back if the person wanted to get rid of it... this was typically not the case however. The tail end of the timeshare life cycle is getting rid of it. If you are lucky, you can find a buyer that will help you recoup "something" but that would be very rare, like 3% rare. Others are able to give them away to someone who is ok assuming the fees (hence the free and one cent timeshares on ebay). You eluded to people wanting to charge you to get rid of it, and that is what the industry has come down to; the niche industry called timeshare exit. Sadly, there are lots of scams in the timeshare exit industry, so let me know if you'd like to chat and I can share some insights. Also, if you take a look at this article, the second half tells you what to look for in a timeshare exit company - http://activerain.com/blogsview/5124690/the-worst-listing-a-real-estate-agent-could-ever-take Wishing you the best! Anthony