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Timeshare Resale Value

 

Timeshare Resale Value

If you are considering putting your timeshare on the market, you may be wondering how much it will be worth.  There are several factors that determine timeshare resale value, and knowing about them in advance will help set a sales price for your vacation ownership interest. 

In most cases, a timeshare resale will bring in less money than the original purchase price.  This is due to many factors.  If the timeshare was for a certain number of years, perhaps 40 or 50, and some years have passed since your purchase, then it’s not worth as much as it was before.  Perhaps the biggest factor affecting timeshare resale value is the amount of new timeshare construction that is going on in the area.  Most people would rather stay in a brand new resort, with upgraded furnishings and the latest amenities.  If there are plenty of new properties to choose from in the same area, the older resorts will not command as high of a price.  If there is still construction going on at your resort, then it will be hard to compete with the incentives offered by the builder, not to mention the strong sales skills of their marketing staff. 

There are occasionally instances when you can sell your timeshare interest for more than you paid for it.  This might be possible in a popular resort area where new development is restricted, either by local zoning or environmental laws or by geography, i.e., a beach community is bordered by the ocean, so you only have so much land that can be built on and still be close to the beach.  A property that is well maintained and regularly updated will retain its value better than one that is showing signs of wear and tear.  Unfortunately upgrades and maintenance come at a cost, which is passed along to the owners in the form of higher maintenance fees. 

Many owners in the popular Disney Vacation Club have been able to sell their ownership interests at a higher price than they paid.  Disney Vacation Club has a limited supply of vacation memberships relative to the demand, and they offer special benefits to their members that are not available to owners in other Orlando timeshares, or even to guests at the Disney owned hotels.  This helps preserve the value of DVC resales, even sometimes causing them to increase over time. 

The best way to determine your resale value is to look at the recent sales prices of comparable timeshare resales.  Ideally you would consider timeshares in your resort, for the same week or number of points that you have.  There are also many timeshare resale experts who can assist you with determining your timeshare resale value.

 

 
 

 

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