What to do with your unwanted timeshare

© Andrea Reynolds, 2005 - 2014. From the archives.


A few years ago my elderly father gave up traveling and decided his two week (back-to-back) Labor Day timeshares on the coast of North Carolina were costing him $1,000 a year in maintenance fees. He had paid two "timeshare advertising companies" upfront at least $500 each to sell his shares for him. That was a waste of money. Months went by and all they did was print a tiny ad in tiny type which was lost in a large catalog of other unwanted timeshares.

So I took on the task. I posted six photos of the timeshare unit, its location, description and map on my
web site and waited to see what would happen. Yes, this is passive selling, but it cost me, and Dad, nothing. In a little over a year someone contacted me and offered $3,000 which was the current value of the points. I knew we would not likely find another buyer so I urged my father to accept, and to handle the transaction, they used a local lawyer in the same town as the timeshare. There was no realtor commission to pay, just the lawyer fee which was nominal.

One day I heard
Clark Howard say on his radio show that there was no way his caller was going to be able to sell her timeshare and urged her to just give it as a gift to family members. Obviously, I only partly agree.

My father could have done that: he could have just given me his two weeks and then I would have had a lovely vacation spot that would have cost me only $1,000 in annual maintenance fees. I could have stayed in it, or traded it for a different location.

• If you have two children and own two timeshares, it would be somewhat easy to split them between the two. And of course, if you have only a one-week timeshare that sleeps six, perhaps your adult children could share.

• Yes, you could sign over a timeshare week to your children as a
wedding gift so they have a free honeymoon location (for the rest of their lives).

• Or you could simply allow friends to use your week for a fair payment for
honeymoons and vacations. If you can break even on renting it out, you can keep the timeshare in your name for years to come.

• You can designate family members as beneficiaries of your timeshares in
your Will.

• Or you could
donate unwanted timeshares to your local PBS station and let the station figure out a way to sell the timeshares for cash (if they are willing to take it).

• Or put your timeshare in their annual fundraising auction to offer to subscribers. Consider
other charities that accept vehicles as donated items.

If you give away a timeshare, you don't make money, but you stop having a money drain from the annual fees, and if you
talk to your accountant, there may be a tax advantage in giving it or donating it. If you donate it, be sure to get a receipt from the recipient with a date on it.

And of course, if you insist on selling it, there is eBay, Craigslist, Kijiji, and some local buy/sell groups on Facebook, etc. Those may involve an element of danger - both physically and financially - and I'm not sure I'd attempt to sell anything of significant value that way. I've encountered a number of scammers on those sites and an elderly person who is trusting may not fare well with a masterful scammer.

So giving away your timeshare(s) may be less hassle in the long run. But keep in mind not everyone wants to own timeshares even if they can trade for a more desired location.

But if your timeshare is sitting vacant, I'd be happy to use it so it doesn't go to waste. ;-)

Andrea


Comments?
crisiswriter@gmail.com


Money blogger Andrea Reynolds doesn't have another timeshare to sell you, but she is renovating a 2 bedroom bungalow which will be for sale in a few months. She is the author of Sell Your Mobile Home in 60 Days or Less and Save $500 to $6000 on Agent Fees. The 150 tips work for all kinds of homes. Order your copy here: www.BitangoBooks.com/sellhome.html


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Freecycle can help you start over simply and cheaply


© Andrea Reynolds 2009-2014; From the archives: 2010



Question: I lost everything in a fire and had no insurance. How do I replace appliances I need without expense? I don't want to ever be attached to things again and want to spend as little as possible.


Andrea's Answer: Consider asking your local Freecycle group for what you need. Go to Freecycle.org and find your local online group. Once you join you will start receiving postings of items that people want to get rid of that may or may not be working. If there is something you need immediately you can post a request. Some groups allow only one request per person per week, or 4 requests per month, but most of the time someone has something you can use.

When I left everything behind (again) to return to Canada I was dependent on Freecycle for basic things like a bed, lamps, and small appliances like an iron, coffeemaker and a small vacuum. Many items, like the vacuum, and more recently a countertop toaster-convection oven, just need a thorough cleaning and they will work beautifully. The coffee maker went through about 4 cycles with vinegar and clear water to clear out all the debris including a dead spider. I cleaned the outside with scouring powder and it looked pretty good. It came without a coffee pot, but someone had given me one that fit perfectly. It had a tiny leak but I just place it on a shallow pan and voila! it's back in use.

Freecycle decor
Items in this photo were all received from Freecycle: clock, lamp, phone, shelf, chalk board, fish tank stand, and the basket below the "telephone table."

The vacuum needed some intensive picking apart, but once all the stuff clogging it was removed it had good suction again. The toaster oven was a little gummy from baked on grease, but I sprayed the removal pan with oven cleaner to get off all the baked-on stains and cleaned the outside with one of those "eraser" sponges. It looks new. I was able to find an instruction manual online and download it so I'm now in business and don't have to use my full oven to heat items like fish sticks that don't taste good out of the microwave.

So if you're willing to do a little fixing and cleaning, someone else's throw-aways become useful workhorses again at no monetary cost to you but the gas - or pedal power if you have a bicycle - it takes to go pick up the item. If you're handy you can restore items that others don't have the patience for.



Comments? crisiswriter@gmail.com


Money blogger Andrea Reynolds also owns a small business,
HandyAnde.com, where she will declutter and organize your home for more harmony and serenity in your environment. Contact her for an appointment.


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The Family Size isn't always the better deal


© Andrea Reynolds 2009-2014;
From the archives, July 2008

Pay attention to pricing and you could save a few more bucks on your grocery bill each week. Here are two experiences I had when grocery shopping in just one store. I expected that family sizes and packages of several items would be priced lower per unit. Ha! Not always.

Instead, I noticed that when I wanted to buy a 1.8 kg box of frozen lasagna for $14.99, that two boxes of 900 gram lasagna (same item, same mfr., same quantity) cost $6.99 each or $1.01 less than the family size box. What I liked is that with the smaller size, if I bought two singles, I could cook one and store one in the freezer.

I also found that I could buy 4 separate, single-use cameras for $1.00 less than if I bought the package of 4 identical cameras. So you're paying more to have only one item in your shopping cart. And you're paying less for more packaging. It's the opposite of my thinking, and perhaps yours, too. But the one advantage to paying more, if you can call it one: having 4 cameras count as one item could possibly get you into the "8 Items or Fewer" line. (And yes, fewer is the correct word.)

Comments?
crisiswriter@gmail.com



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Reclaim your own money


© Andrea Reynolds 2009-2014; From the archives: August 4, 2010


In a recession money becomes more precious. We’re more careful to find ways to spend it wisely. Yet I continue to see smart people abandoning money. I know this because I see authors, speakers, and experts who expect no payment for their work even when payment is available. When I decided to pursue damages after my constitutional rights were violated resulting in no income for several years, my friends all tried to convince me that I should let the money go and forget about it. Why? Should Bernie Madoff’s victims just forget about their losses? I hope not.

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While you may not have lost millions or hundreds of thousands of dollars, you can recover several thousand dollars over the course of a year. That money could pay off a debt, buy groceries for a year, or cover multiple mortgage payments. Why deny yourself your own money?

The following eight suggestions may bring you small amounts of money for a little effort and time, yet when added up, could bring you a significant sum of “bonus” money.

1.
Overcharges. Check hotel bills and grocery bills. If you were overcharged you’re entitled to a refund of the overpayment, and some stores will give you the product free and/or give you double your money back.

2.
Overpayments. Did you pay your utility company more money than you owed before you moved out of state? Maybe you threw the statement into a box before you moved and never gave it another thought. And maybe you forgot to notify the utility company of your new address.

3.
Unreturned deposits. Perhaps you left an apartment and never received your security or key deposit. That’s your money. Write a letter and insist on payment. If you posted a $100 security deposit with a utility company, get it back.

4.
Unpaid invoices. Did you do work for a client who never paid? Did you earn commissions that you never received? Follow through with documentation, and remind them that you still expect payment.

5.
Payment made on services not provided. Did you pay a retainer to a professional but they didn’t show up. Don’t just forget it, get it back.

6.
Price matches.  Take the time to check out prices in various stores even after you have purchased an item, like a camera, lawnmower, or a bed. If the store has a price match guarantee, take your receipt and proof of a competitor’s better price, and ask for the difference.

7.
Unpaid loans. Did you give up trying to recover money lent to a friend? If they are doing well now ask them to start paying you back in regular installments.

8.
Damages. If a dentist breaks your tooth while drilling, insist on payment for the extra cost of repairing or replacing the tooth. If someone plagiarized your work, invoice him for stealing your intellectual property.

If you treat money with respect, more of it will show up in your life. Say yes to recovering your own money.

Comments? crisiswriter@gmail.com


Several years ago money blogger Andrea Reynolds launched a service – Restorative Justice – to assist individuals in recovering large amounts of money swindled from them. Not a lawyer, she has had a 100% success rate so far, without employing bullying tactics, insults or harassment. If you've lost money to someone perhaps Andrea can help you get it back.


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A Bigger home is not the only solution to your space problem

© Andrea Reynolds 2009-2014; From the archives, July 27, 2010

Do we really need 5 bedroom, 3 bathroom, 3-car garage homes to house our families and our stuff? Put another way, do we really need bigger mortgages if we’re already in debt? Let me tell you about the Paulsons. (Not their real name.) After forty years they still live in their first and only house.

newhousefront

When they first married they rented a second floor apartment while saving for a down payment. When they did buy, it was a small bungalow on a quiet street. To have enough room for their three kids they spaced them so only two kids were living at home at the same time. They didn’t have pets. When their things took up too much room in the house, they reorganized their basement storage, held yard sales, gave things to the church for its rummage sales, and donated outgrown clothes to charity.

Soon after their 25th wedding anniversary their mortgage was paid off. They lived within their means despite several job layoffs, earned two college degrees in the family, and have lived debt-free for the past 15 years. Their children never felt cramped.

Only in their early 60’s the Paulsons’ retirement years will be a cakewalk because they weren’t bitten by the bigger-is-better bug. Did you know that many self-made millionaires live comfortably in modest homes? (Warren Buffet, for example.) You probably know that the trend now is to live in tiny homes. Tiny, as in less than 144 square feet. Do a search on “tiny homes” and you’ll find custom home manufacturers are building homes 10 feet by 10 feet.

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If you think you can’t live without your stuff, try this. Rent a storage unit, fill it with anything you don’t need for cooking, sleeping, eating, or working, and don’t use what’s inside for a month. You may be surprised at what you don’t need, and happier with fewer possessions around you.

Comments? crisiswriter@gmail.com


Money blogger Andrea Reynolds has lived in a space of only 45 square feet but currently lives in 1300 square feet. She is the author of No Surprises: 365 Critical Questions You Need to Ask Each Other Before You Marry… and how to ask them. Readers should order two copies each: www.BitangoBooks.com/365ques.html


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How to sell your (unwanted) web site for needed cash


© Andrea Reynolds 2009-2014; From the archives: July 29, 2010

Eight years ago, when I needed to sell my second mobile home and realtors were only complicating my life, I created a web site to advertise it myself. I found a domain name that clearly defined the site’s purpose. I’d already sold my first mobile home without a realtor in 6 days, so I had some credibility.

I posted a long, bulleted description of my home, a list of contents I could include in the sale, a dozen color photos of the interior and exterior, a map of the area, directions to the front door, the price, and what it would cost to live there.

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To add more content I posted other mobile homes for-sale-by-owner in my neighborhood for a small fee. If someone wanted to buy nearby, but didn’t want my home, I figured I’d help others who wanted to sell their mobile homes. Then I started receiving payments from mobile home owners in other states who wanted me to advertise their homes. Suddenly I was operating a business.

I discovered most sellers didn’t know how to market their homes as well as I did to entice buyers to make an offer. How could I help them? I created two digital products to sell: a booklet of 120 tips I used to sell my first mobile home in 6 days, and a set of purchase agreement forms to sign when a verbal offer came in. People started buying them.

Once my home sold and I didn’t need the website, I decided to sell. I held out a year for a reasonable price and received an offer for more than I expected. This turnkey operation included the right to sell my two digital products in perpetuity, but I kept affiliate and resell rights. I won’t say what the selling price was, but it was enough to cover my truck payments for 18 months.

Do you have a no-longer-needed web site you could sell?

Comments? crisiswriter@gmail.com


Money blogger Andrea Reynolds took back the website she sold (BuyMyMobileHome.org) and is offering it for sale again along with licensing rights to her booklet, Sell Your Mobile Home in 60 Days or Less. Make her an offer: crisiswriter@gmail.com

Want to republish/reprint this blog post? First let's talk about a licensing agreement. I'm a professional writer and I sell my writing.

Earn money from your blog with tips booklets


© Andrea Reynolds 2009-2014; From the archives: August 1, 2010

Unless you’re Marcus Frind, creator-owner of the dating site, PlentyofFish.com, you probably won’t receive million dollar checks from Google Adsense, as he does. (Source: Interview, CBC TV’s “The Hour,” 4/8/09.) A better bet would be to write something once and sell it many times to many blog readers for a reasonable price.

10books

Think about a subject you’re passionate about and know a great deal about. Then sit down and write 100 or more tips on that subject. Each tip should be no more than 3 sentences, preferably only one sentence, and should start with a verb.

Here’s an example of a tip from my report, “
33 Amenities Speakers Deserve”: Advise your speakers right away of significant program changes and additions: times, audience numbers, location, other speakers who may possibly speak on a similar subject. To arrive at an empty hall or follow another speaker who has just delivered her speech is a speaker’s nightmare!

A simple kitchen tip might be:
Turn nearly-empty salad dressing bottles upside- down in the fridge so the contents will be easier to access the next time. Having the bottle neck at the bottom may also allow you to cram one more item into the fridge door shelf.

Brainstorm 100 or so tips on one specific subject, separate them under sub-headings, add an introduction and some wrap-up remarks, include a bio with your qualifications for writing this booklet and your contact information. Get someone to proofread your booklet, and if necessary, have an editor make the copy sing.

Now you’re an author. Price your new information product somewhere between $5 and $12, and post a description of it on your blog’s sidebar. If your readers like your blog they may buy your booklet, too. Later you may want to write a sequel or even a series of booklets on the same subject.

Comments? crisiswriter@gmail.com


Money blogger Andrea Reynolds has been a professional writer and editor for more than 3.5 decades. The author of numerous tips booklets herself, she has been known to take clients’ handwritten manuscripts and turn them into tips booklets for them… when asked, and paid.
See her rates for editing here:
http://www.bitangobooks.com/editing.html

Want to republish/reprint this blog post? First let's talk about a licensing agreement. I'm a professional writer and I sell my writing.