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Re: Selling Time Shares (by KC):

michaelo87 wrote:

Has anyone sold their timeshare for anywhere close to what they paid for it.What percentageof the purchase price could one expect to get on a sale,my timeshare is at Williamsburg Plantation,thanks

It's hard (impossible, actually) to answer your question as you have posed it, because some timeshare purchases were from the developer (at highly inflated, top dollar prices) while others were bought in the resale market (for just a tiny fraction of those developer prices). You don't indicate in which category YOU are in --- and what you might receive in a resale (in relation to your original purchase price) depends directly upon that missing detail.

I would dare to say that NO ONE has EVER gotten back anywhere even remotely NEAR what they paid if their purchase was from a developer, regardless of location. 50% would generally be regarded as a huge success. People who sell a timeshare purchased In the resale or "secondary" market most often take small losses, sometimes break even, occasionally even make a small profit. That said, the use and enjoyment derived during ownership certainly also has its own inherent value, which also factors into the "value received" equation.

It's important to keep in mind (if SELLING is your actual goal and objective) is that from a buyer perspective (with all due respect, but very bluntly stated) NO ONE CARES WHAT YOU PAID! The actual market value of your timeshare, today, simply "is what it is", as dictated by market supply and demand. Current value is determined largely by what comparable weeks are also available for sale at any given facility (and, of course, for how much money).

The "going price" RANGE value of your particular timeshare can be (at least roughly) determined by looking at the resale market prices listed for "comparable" weeks in ads on RedWeek, TUG, MyResortNetwork, VacationTimeshareRentals, even eBay.

I don't know your particular resort, but Williamsbug in general is one of the overbuilt locations where available timeshares are "a dime a dozen" (also Orlando / Kissimmee, FL, Las Vegas, NV and a few other timeshare-glutted places). Prices are obviously kept in check (...at best) by the glut of available resales in those overbuilt areas.

Price your week realistically and competitively and you may succeed in selling, but "what you paid originally", regardless of whether it was from a developer or as a secondary / resale market purchase, ultimately has NO real bearing (or relevance) whatsoever on its actual, current, market value TODAY. That's sometimes hard for people to accept or to acknowledge, particularly if they paid high developer prices originally, but it's an indisputable fact nonetheless. Good luck.