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Is selling a timeshare on ebay a good idea or a bad idea?

 
mhaney03

Asked by mhaney03 at 3:12 PM on Mar. 10, 2010 in Money & Work

Level 17 (3,320 Credits)
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Answers (1)
  • Do you still have a mortgage on it? If you do and you can't sell it for what you owe, you will STILL owe the rest of the money. You won't be able to put the timeshare in the buyers name because YOU still own the mortgage and then the buyer won't want it if it isn't in their name.

    If it is paid off, you could sell it on ebay if the price is right, keep in mind that there will be closing costs involved. Another thing to keep in mind when selling your timeshare. The people who might be willing to buy it are NOT willing to pay developer prices for it (the price YOU paid for it). They want it for pennies on the dollar and that's all you will get for it (unless you have Disney Vacation Club).
    slw123

    Answer by slw123 at 7:15 PM on Mar. 10, 2010

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