Planning to Retire Soon!

If you are planning to retire in the Philippines soon, I suggest you visit several excellent websites on pro's and cons of retiring in the Philippines. However if you want to retire in the provinces, where life is simple, standard of living cheaper, less traffic congestion and pollution, availability of fresh seafood and vegetables compared to the big cities, my island province is the place for you! If this is your first time in my site, welcome. 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 the infringement of your copyrights. The photo above is the front yard of Chateau Du Mer-Our Retirement Home in Boac, Marinduque, Philippines

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 with the photo above.

If you are interested, I will entertain any offers greater than $675.

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