another time share sucker

[N/A N/A]

Hey, I don't know if this is an appropriate forum for my question, but I'll give it a go:

A couple years ago I bought into a timeshare. (Yes, now I know that that's a scary sentence, but I didn't know it at the time.) Having always been told that property is among the safest investments, I thought it would be a good way to get a slice of investment pie without forking over a whole lot of cash on a second home. Now, I've used the TS as a vacation spot just once -- it's not such a great vacation, actually -- and I'm paying maintenance fees that get steeper and steeper. I'd love to sell it, but apparently so would every other TS owner in the world: everyone's selling, nobody's buying. I'd be throwing away even more money just to list it, because as I said, nobody's buying. Even if I donate the thing, I'd still be responsible for maintenance fees. Worst of all, I think, is that my children aren't in line to inherit a slice of property, but instead a financial weight. I'm just sick of it all and desperate to get rid of the thing.

Now that I've spelled out all this despair (thanks for listening), I wonder if anyone out there has some advice. Thanks in advance,

Harmon

[Wes Tuinstra]

Hello Harmon,

First, let me say...welcome to the Forum!

You honor us by bringing us your questions and input about
Real Estate. We're glad you're here.

About selling your TimeShare: if you go about it in a business-like
way, you will be able to attract a buyer. That's my belief about
the Law of Attraction.

But let me say this in general.

In investing (or in my case -- trading Forex) it is important to not
second guess yourself, and to forgive yourself for past mistakes.

This is important because we all make many, many mistakes.
Each one was a decision we made with what -- at the time -- was
the best information we had.

Each decision has this form: study the 'facts' as you see them and
make a decision. Later, if the facts were correct, you make money
and looking back it 'seems' easy and right.

If it turns out badly, just move on. You don't jump up and down
with glee, every single day, for every good decision you ever made.

Why hit yourself and berate yourself every single day for a mistake
you made. Calmly say, "that was bad. I'm going to sell that."

If it means that for this transaction you are a motivated seller, just
laugh and say, "On this one, I'm the motivated seller."

On another, later, transaction, you will be buying from the "motivated
seller" and will know how that feels. It's nothing personal. In this
business we look for motivated sellers.

But if every transaction is going to be a drama...watch out!