Penny for your timeshare ©puuikibeach
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If you’re willing to pay for the annual maintenance fees on a vacation timeshare, you can very easily find one to buy for under a dollar.
Eager owners are taking to the internet to sell their timeshares for mere pennies. One owner was so desperate to sell his timeshare last year and dropped the price from $500 to 1 cent. He successfully sold it, with the buyer paying an extra $455 a year in maintenance fees.
Many owners just want to get out from under the maintenance fees, but they are discovering that it may be even harder to sell a timeshare than it is a single family house in Detroit.
Sounds like one man’s burden is another man’s treasure? More on playing the timeshare market can be found at Reuters.