What is my Timeshare Worth?

Sometimes you want to go some place new for your timeshare vacations, and there are times that you feel your timeshare weeks don’t fit your lifestyle any more. Sometimes the timeshare maintenance fees are no longer practical for your vacation budget or you just continue paying for it to avoid a timeshare foreclosure. If you’re like most timeshare owners, there will come a time when for whatever reason, you’ll find yourself considering how to sell your timeshare. When that time comes, you’ll have find a reputable timeshare resale company that will be able to provide you with an honest approach to your timeshare’s value. And of course the most important question you’ll ask is, “What is my timeshare worth?”

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If you’re selling your timeshare, the answer to this question determines your asking price. If you set the price too high, your timeshare may take a long tiome to sell or may not sell at all. Remember, there’s a lot of competition out there. A lot of timeshare resales are available and brand-new timeshare condos are entering the market all the time. If you price your timeshare too high, you may have to wait for a long time before making the sale. Location can often determine what the timeshare is worth, and this is especially true for much-sought-after destinations for vacations such as Florida, California and Hawaii.

Your timeshare resale value will depend on many things. An important factor is the resale price for other units in your timeshare resort. Learn how much the resort is selling timeshare units similar to yours. Find out how other timeshares in the same location are doing. Know what they’re selling for by checking timeshare resale websites and set your price accordingly.

Nearby tourist attractions like beaches, theme parks, and historical sites can boost the price significantly. This is also true for those that are accessible to activities like water sports, sightseeing, and golf. If your timeshare coincides with special events like festivals, holidays, or spring break, you can raise the price a bit. The bottom line is, the more you can offer unique vacations, the higher the price you can get! Amenities matter. A timeshare unit with a full kitchen is definitely worth more than one without. Access to a swimming pool and Jacuzzi is even better. The easy availability of local ground transportation such as taxis and buses is often overlooked but adds a lot of value to the property, providing convenience to timeshare owners and lowering the costs of vacations.

Location, location, location! Great views and good climate greatly affect the value of a house, more so with vacation timeshares. After all, the owner bought it specifically for fun and enjoyment, not just for day-to-day living. So if you’re wondering, “What is my timeshare worth,” then remember that setting the value of a timeshare is like setting the value of a house — only with more emphasis on fun!