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My parents own 6-7 timeshares and since they spend 4 months at their lake house and 8 months in florida on the water their need has decreased. They are still at a place where they can afford the fees but, don't need them.
He asked me for help in selling two. One is a white week in Texas the other is a red week 26 near New Orleans.
The texas week has always traded fine as it was xmas week. However as it is white and is not branded I advised there was little to no value for it on the market place. I called the resort asked if they would take it back as mfees were paid up this year. As a board they decided to take it back. I am assuming they think they can resell it or that they can make it work. Thus that was taken care of quite easily.
The other week is actually a great trader and has tremendously low fees. We will probably give that one to a friend or someone in the family.
you don't always have to create an llc to get rid of a week.
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