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Re: Buying timeshares (even resale) (by R P.):

megy, Ken hit the nail on the head. No matter what you may have paid for your timeshare initially has nothing to do with what it is worth today.

The market (buyer) sets the price for any timeshare. A developer bought timeshare, when sold on the resale market, typcially runs 1/4 to 1/3 of what you paid the developer, and that is IF your resort/season/week is even marketable at all. There are millions of developer bought timeshares that people can't even give away in today's market.

As Ken stated, the market is very soft now as is evidenced with the hundreds of timeshare weeks selling for a mere $1 on Ebay. My perspective on the soft market is caused by the hundreds of new timeshares being built as we speak and in the last few years.

There's beginning to be market saturation of timeshare resorts. I see a continuation of a soft market due to current and future saturation.

ken1193 wrote:

I don't seek to be the "prophet of doom" here, I just want to interject an objective word of advice. It is a VERY soft market for timeshare right now, with weeks and points both selling for pennies on the dollar in many instances and many places. What your product is "worth" in the current marketplace really has no relationship AT ALL to whatever you may have paid. What your timeshare is currently "worth" is what someone is willing to pay you for it TODAY, plain and simple. I wish you good luck in selling, but you may have to just continually lower your price until it reflects market value and generates interest. Smart buyers don't care what YOU paid, as it has no bearing at all on what THEY are now willing to pay........