finding marketvalue of timeshare

assamdragon · Dec 16, 2014

want to sell my timeshare but don't have a clue what it's worth?

DeniseM · Dec 16, 2014

Unless you own at one of the top resorts (Westin, Hilton, Marriott, Hyatt, Disney) the typical value of your timeshare is probably 0-10% of what you paid for it.

To see the bottom line - go to timeshare sales on ebay and see what your timeshare is actually selling for (not just the advertised price.)

Timeshare sales on ebay: http://www.ebay.com/sch/Timeshares-for-Sale-/15897/i.html?_from=R40&_nkw=timeshare

Put the exact name of your timeshare in the search box.

When the results come up, scroll down and click on SOLD LISTINGS on the bottom left - to see the actually SELLING prices.

vacationtime1 · Dec 16, 2014

The single most important point is to differentiate between actual sales prices vs. asking prices; some sellers are clueless and their asking prices provide no clue as to the prices at which deals are made.

Start with eBay; check for closed auctions (bearing in mind that the actual transaction may not have closed at that price or at all). eBay is the bargain basement, but at least there is some data there.

If it is a Marriott, try the ROFR database on the Marriott board (whether Marriott exercised its right of first refusal at a specific price).

TUGBrian · Dec 16, 2014

also covered in the how to sell article:

http://sell.tug2.net

tslayton · Dec 16, 2014

Sale and transfer of deed

If you have a friend interested in buying one of your deeds, how do you go about getting the set up with Wyndham taken care of?

tschwa2 · Dec 16, 2014

tslayton said:
If you have a friend interested in buying one of your deeds, how do you go about getting the set up with Wyndham taken care of?

Wyndham doesn't take care of it. You would pay a closing company to prepare the deed and process the transfer. Paying Wyndham their transfer fee is part of the process. You can skip the closing company but only if you want to prepare the deed and do all of the county recordings yourself. If that is the case once you have recorded the new deed you would contact Wyndham and pay the transfer fee yourself.

theo · Dec 16, 2014

tslayton said:
If you have a friend interested in buying one of your deeds, how do you go about getting the set up with Wyndham taken care of?

The ~~extortion~~ transfer fee charged by Wyndham and briefly referenced above is currently $299; you should decide with your friend who is going to pay it, as Wyndham will not process or acknowedge the transfer until such time as that ~~ransom demand~~ payment has been received, cashed and cleared.

Before that final step however, you must first get a new deed prepared and officially recorded in the name of the new owner, either doing so on your own or by engaging (and paying for) the services of a closing company. As already pointed out above, Wyndham isn't going to "take care of" anything beyond the processing of a $299 transfer fee check and acknowledging (after the check clears) a new owner after also having received a copy of new and already officially recorded deed. It is your responsibility to get a recorded deed copy to Wyndham along with the required transfer fee payment, although a closing company can / will handle this on your behalf.

DeniseM · Dec 16, 2014

This is who I use for timeshare transfers: They are Tuggers, they do good work, and they are inexpensive:

L.T. Transfers
Lisa Short and Mary Pless
http://www.lttransfers.com/
readylegal@gmail.com
706.219.2709

Luanne · Dec 16, 2014

DeniseM said:
Unless you own at one of the top resorts (Westin, Hilton, Marriott, Hyatt, Disney) the typical value of your timeshare is probably 0-10% of what you paid for it.

To see the bottom line - go to timeshare sales on ebay and see what your timeshare is actually selling for (not just the advertised price.)

Well that was depressing. Just for grins I looked up Maui Lea at Maui Hill where we own. One unit sold for $375.00 and another for $1.00. These were both 2-bedroom summer units.

csxjohn · Dec 17, 2014

I would start by assuming the value is zero then do some searching around to see if any have sold recently for more than that. It could be a long search.

Many people have a hard time coming to terms with the fact that what they paid tens of thousands for can go to zero in a hurry but that is Timeshare World today.

Rent_Share · Dec 17, 2014

Luanne said:
Well that was depressing. Just for grins I looked up Maui Lea at Maui Hill where we own. One unit sold for $375.00 and another for $1.00. These were both 2-bedroom summer units.

Based on your tenure, and post count, that shouldn't be of a surprise to you ?

Rent_Share · Dec 17, 2014

tschwa2 said:
You can skip the closing company but only if you want to prepare the deed and do all of the county recordings yourself.

I have only sold one (non Wyndham, but a similar transfer fee) and went the do it yourself deed preparation and recording. for what I saved I would never do it again.

I regularly prepare and record liens against real property for unpaid construction materials, but the transfer documents have additional requirements that can cause additional delays when you only do it one time.

pedro47 · Dec 17, 2014

DeniseM said:
Unless you own at one of the top resorts (Westin, Hilton, Marriott, Hyatt, Disney) the typical value of your timeshare is probably 0-10% of what you paid for it.

To see the bottom line - go to timeshare sales on ebay and see what your timeshare is actually selling for (not just the advertised price.)

Timeshare sales on ebay: http://www.ebay.com/sch/Timeshares-for-Sale-/15897/i.html?_from=R40&_nkw=timeshare

Put the exact name of your timeshare in the search box.

When the results come up, scroll down and click on SOLD LISTINGS on the bottom left - to see the actually SELLING prices.

Thanks DeniseM, I now may do a sales presentation and I am going to show this web site to the very knowledgeable time share sales person!

DeniseM · Dec 17, 2014

pedro47 said:
Thanks DeniseM, I now may do a sales presentation and I am going to show this web site to the very knowledgeable time share sales person!

Print it out and take it with you.

AwayWeGo · Dec 17, 2014

Zippity Doodah.

Market value of our timeshares is so low that we gave away six -- 6 -- of'm.

One we deeded back to the timeshare, with permission & cooperation.

Another we deeded over to a major timeshare company, also with permission & cooperation.

One, in a far-distant land overseas, we simply abandoned. It quit being a timeshare & we quit paying annual fees. I assume we went from being delinquent to being non-owners via some sort of administrative or judicial process. We never received any communication from them -- no bills, no statements, no late notices, no collection letters, no judicial/administrative notifications, nothing. We're done with it & apparently it's done with us.

Three timeshares we gave away el freebo to regular walking around people. We figured it was less trouble to give'm away for nothing than to try selling'm for next to nothing.

Fortunately, we didn't pay much for any of our timeshares & we enjoyed'm while we had'm. Over the years, we at least broke even or maybe came out ahead slightly in enjoying luxury vacation accommodations at Motel 6 & Super 8 rates.

Today, we're down to just one -- 1 -- timeshare, a triennial 2BR-2BA points unit in Kissimmee, Florida, USA. As fate or karma would have it, that resort is the 1 where we caught the timeshare bug when we took their high-pressure sales tour in 2002. We didn't buy back then. Years later, thanks to TUG & the discovery of resale via eBay, we bought in for peanuts -- i.e., paid less to buy (including free closing & free transfer & free points) than the owners paid for 1 use-year's maintenance fee. Is this a great country or what ?

-- Alan Cole, McLean (Fairfax County), Virginia, USA.

Rent_Share · Dec 17, 2014

At my last (ever) presentation, I just said I can walk across the street and buy form the reseller who maintains an office across the street from the DRI property in South Lake Tahoe, I had a copy of their listings for sale. All I got was double talk on how they DRI could give me a superior product for less money and more stress.

The best solution is to enjoy your vacation and just say no, you don't need an exit strategy if you do not play their game.

Rent_Share · Dec 17, 2014

AwayWeGo said:
One, in a far-distant land overseas, we simply abandoned. It quit being a timeshare & we quit paying annual fees. I assume we went from being delinquent to being non-owners via some sort of administrative or judicial process. We never received any communication from them -- no bills, no statements, no late notices, no collection letters, no judicial/administrative notifications, nothing. We're done with it & apparently it's done with us

I am assuming you are referring to one of the infamous South African properties that went from Tiger Traders to Feral Alley Cat.

AwayWeGo · Dec 17, 2014

That's About The Size Of It.

Rent_Share said:
I am assuming you are referring to one of the infamous South African properties that went from Tiger Traders to Feral Alley Cat.

You are correct, sir.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.

Dmwphoto · Dec 19, 2014

TUGBrian said:
also covered in the how to sell article:

http://sell.tug2.net

Very useful article and why I am here.

RMoss221 · Dec 27, 2014

TUG sales database

assamdragon said:
want to sell my timeshare but don't have a clue what it's worth?

I'm in the same situation. I just joined TUGand the article on How to Sell Your Timeshare suggests "check the TUG sales database (to which you have access if you are a TUG member)."

I'm hoping it has data on past sales prices. However, I can't seem to find it on the TUG website. Can somebody tell me where it is?

Thanks!
Richard

LannyPC · Dec 27, 2014

RMoss221 said:
I'm hoping it has data on past sales prices. However, I can't seem to find it on the TUG website. Can somebody tell me where it is?

Go to the resorts review section:

http://tug2.com

Find the particular resort you want, and then when you find it, click on the tab that says "Price History".

Rent_Share · Dec 27, 2014

IMHO

that would represent asking price not sale price,

I have a fundamental difference opinion in the statistical accuracy of the TUG sales database .

YMMV

csxjohn · Dec 27, 2014

Rent_Share said:
IMHO

that would represent asking price not sale price,

I have a fundamental difference opinion in the statistical accuracy of the TUG sales database .

YMMV

I can say with certainty that for one resort I'm very familiar with, the TUG data base doesn't reflect the reality of Timeshare world today.

Here's a link to a resort with that name on eBay. The higher numbers were rentals. Green were sold and black had no bids.

http://www.ebay.com/sch/i.html?_odk...rt&_nkw=Divi+little+bay+beach+resort&_sacat=0

klpca · Dec 27, 2014

Luanne said:
Well that was depressing. Just for grins I looked up Maui Lea at Maui Hill where we own. One unit sold for $375.00 and another for $1.00. These were both 2-bedroom summer units.

That's what I paid for mine on ebay back in 2011 - and I wound up with an ocean view unit. There are still some onsite resales going for much more. How they sell them is beyond me - because they are getting in the thousands - but there are some people willing to buy at that price point. You can list it with Nancy Benson at the resort if you want to sell. She will also provide you with the list of recent sales at the resort.

tschwa2 · Dec 27, 2014

csxjohn said:
I can say with certainty that for one resort I'm very familiar with, the TUG data base doesn't reflect the reality of Timeshare world today.

Here's a link to a resort with that name on eBay. The higher numbers were rentals. Green were sold and black had no bids.

http://www.ebay.com/sch/i.html?_odk...rt&_nkw=Divi+little+bay+beach+resort&_sacat=0

That's because no one (or hardly anyone) actually bothers to update the database with actual sale data.

finding marketvalue of timeshare

assamdragon

DeniseM

vacationtime1

TUG Review Crew: Veteran

TUGBrian

tslayton

tschwa2

TUG Review Crew: Veteran

theo

TUG Review Crew: Veteran

DeniseM

Luanne

TUG Review Crew: Expert

csxjohn

TUG Review Crew: Expert

Rent_Share

Rent_Share

pedro47

TUG Review Crew: Expert

DeniseM

AwayWeGo

TUG Review Crew: Expert

Rent_Share

Rent_Share

AwayWeGo

TUG Review Crew: Expert

Dmwphoto

RMoss221

LannyPC

Rent_Share

csxjohn

TUG Review Crew: Expert

klpca

TUG Review Crew: Veteran

tschwa2

TUG Review Crew: Veteran