Pricing your timeshare

To understand today’s resale prices when compared to today’s new sale prices, one must take into consideration the original price paid at the time and the opportunity costs or the time value of the monies invested to date.  While most timeshare properties are being sold at a higher price today than 20 years ago, it would be misleading to compare your initial price with today’s.  The biggest mistake about timeshare is to consider its value as that of a real estate investment as opposed to an investment in your vacation lifestyle.  The greatest advantages of a timeshare will remain always- provide you with great accommodations at yesterday’s prices and freeze the cost of future vacations.

The resale comparison approach is considered the most reliable indicator of value as it reflects the actions of buyers and sellers in themarket place. Therefore, it has been given the majority of weight in determining the final value estimate.

The resale market has been increasing tremendously over the past few years.  At first, listing timeshare resale on websites has been the most commonly used practice and somewhat effective at selling used timeshares.  Thinking that greatly reduced prices would help sales, owners would list at very low prices hoping to attract buyers and therefore selling at a much lesser value. It has become obvious that buyers needed more in selecting the timeshare that fits best their lifestyle.

For buyers wanting to own a timeshare based on their vacation lifestyle, choosing from a website and talking directly to the owner/seller might not be sufficient to make a well-informed decision and feel a 100% comfortable with their choice.

For sellers, choosing to sell their timeshare and having to market their vacation ownership may be overwhelming and so on.  To list with a company that offers marketing, and transfer services with a store front located in a high volume tourist area can be their best chances to increase the value of their ownership.

Related Articles

• When you choose to sell your timeshare
  Will you take on the challenge of selling it yourself or would you rather leave the task to a resale company that has proven results? How to help timeshare owners sell their program and to understand the process as to what is required to successfully... click here for more 

• Timeshare Exchange 101
  We sometimes hear timeshare owners saying … yes, I own with RCI. What they usually mean is that they own a week (or more) at a private resort that is affiliated with RCI for exchange purposes... click here for more