What Is My Timeshare Worth?
Find Your Timeshare’s Value with a Timeshare Market Analysis
In today’s market, it is no secret that there are way more sellers than there are buyers. This makes the timeshare resale market a very competitive place for owners who want to sell. Some will simply take whatever they can get just to be rid of the annual fees associated with their timeshare. Most owners realize that no matter what price they originally paid, they will not be able to recoup 100% of that price, but what is today’s value? This is where a market analysis can be useful.
If you set realistic expectations from the onset, you will have a much easier time finding a buyer for your timeshare. If you own a timeshare and are unsure of a fair resale price, there are a few thing you can do to bet a better understanding of the market.
Contact Your Resort
There is no way someone would buy your timeshare from you for more than what the resort is charging. A good place to start would be to contact the resort to see if:
- They have any similar units still available for sale
- What they are currently charging for these units (if available)
This will set your ceiling, and is a good basis for promoting your timeshare unit with verbiage like (This unit is being offered 35% less than the resort!)
Shop the Resale Market
Check out other popular resale websites such as Ebay. You may be shocked to see a wide range of asking prices for similar items. A good tip is to look for the same type of unit as yours, and focus your attention on the lower prices.
Timeshare broker firms may also be able to provide resale data on what has actually been sold. This is the absolute best source of resale information, but is also the most difficult to locate.
If you own a timeshare and would like a Comparative Market Analysis (CMA) or Broker’s Price Opinion (BPO), please fill out the form on this page and a licensed agent will respond to your request in a timely matter.
*PLEASE NOTE THAT A CMA OR BPO IS AN ESTIMATE OF VALUE ONLY. ANYONE NEEDING A MORE EXACT VALUE SHOULD CONTRACT THE SERVICES OF A CERTIFIED APPRAISER.