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Re: How much is a timeshare at the Westin Ka'anapali worth on the resale market?

[Q=phuongp2] Hi Daryl, I have had some luck but the owners or their brokers are asking for alot. I do understand that this property is prime, nonetheless, I also look at the opportunity cost of putting so much money foward (because timeshares are really not an investment). I have had more luck with the 1BR units on annual basis and am considering one - but nothing confirmed yet. I hear stories of owners wanting to get rid of their timeshares due to the maintenance fees, lack of travel time each year and the hassle of having to rent it out. Do you have any advice? I am not looking to get it for free but I do want to get it for a reasonable, if not below reasonable price. Also, why would someone buy a timeshare on odd or even year? Do you have any advice for me? I have looked on ebay (have seen quite a few that are reasonable - but gunshy on the bidding thing). Thanks.[/Q] The two main reasons 1) Some folks do not want to go to Maui every year due to flight costs, etc and therefore, want to pay 1/2 the maintainance fees of an every year 2) Generally, an EOY is less expensive than an annual. You can either pocket the savings or buy another timeshare in another location of the world that is cheaper (look at RedWeek) and gives you some variety. Also, some folks want a "local" time-share within driving distance so they can save the flight cost every other year. Note a family of 4 to Hawaii is easily $2,400. Moreover - 1 BR vs 2BR - people choose 2BRs lockoffs because, as the purchase is forever: 1) They may need a 2 BR lockoff if they have kids or if they want to bring family (in-laws to watch the kids for instance) in the future, 2) They may want to vacation with friends, 3) Having a 2 BR lockoff gives you options - namely you can lockoff the 1BR then either rent out the studio, use it as a 2nd week in Maui, or bank in Interval international to be used any time within 3 years.