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If you love Marinduque and want to contribute articles to this site, please do so. My contact information is in my profile. The above photo was taken from the balcony of The Chateau Du Mer Beach House, Boac, Marindque, Philippines. I love sunsets. How about you? Please do not forget to read the latest national and international news in the right side bar of this blog. Some of the photos and videos on this site, I do not own. However, I have no intention on infringing your copyrights. Thank you and Cheers!
Monday, June 22, 2015
Selling Our Time Share at the Ridge Tahoe, Nevada
Macrine and I finally decided to sell our timeshare at the Ridge in Tahoe, Nevada. For the last three years, we have not been able to use it, so we just rent it. Renting gives me a little income but not enough to pay for the annual fees of $1000. This maintenance fees goes higher every year. My children are not interested in it.
My first action was to read all about reselling your timeshare. There are several scams and companies who are in this business. The following video summarizes the pitfalls of sellers of timeshare whose value has gone down to almost zero and if you are lucky you may be able to sell it for at least 1% of the original price of your purchase. Never pay an upfront fee is what I learned from my readings in the Internet
The second thing I did was to talk to the Ridge and inquire what I have to do to sell my time share. I was told I have to list it with them and wait from 12 to 15 months for a buyer. The money I will received will be only $675 net. I was expecting more value, but I have no choice. We purchased the time share 20 years ago for $15,000 which has been fully paid ten years ago. The maintenance fee started at $100 annually.
The Ridge Representative, informed me I could try selling it myself, but I must be aware of SCAMS. She told me never pay an upfront fee to anyone who promised to sell your timeshare for more than it is worth.
Our time share is a 2-bedroom with lock out. It can accommodate from 6 to 8. It is in the Plaza 2 unit of the Ridge at Tahoe, in the State of Nevada. The website of the Ridge is www.ridgetahoeresort.com (see photo above).
If you are interested, I will entertain any offers greater than $675.