Post reply

Note: Please do not post ads in the timeshare forums. If you want to add a timeshare posting, go here.

Subject:^*

Your Message:^*

Alert me to replies in this topic
Quote original message in your reply

Original Message:

Current market value is sometimes relatively easy to estimate... (by KC):

reenec2 asks: >> Is there any way to find out how much of a loss one will take on selling?<< =================================================

With some effort, generally it is possible to determine approximate current market value. If you look at the various "timeshares for sale" listings on timeshare specific sites like RedWeek, MyResortNetwork, TUG, etc. you can look for the ASKING prices for weeks much like your own. This at least gives you a general price range and frame of reference. While some will be absurdly high, you can at least find out the highest and lowest ASKING prices that way.

Also, if you also look at "completed items" on timeshare sales on eBay, you can see actual, specific selling prices (although you may not find an exactly comparable week to your own). eBay prices generally tend to be the lowest possible price found anywhere for timeshares.

If you financed your purchase and still owe money on it, you should not realistically expect anyone to be too interested in taking on your personal debt. There are just far too many "free and clear" timeshare offerings around in the resale market for any buyer to want to bother to get involved with paying off someone elses' loans. If you purchased directly from the developer (i.e., not in the resale market), you may very well recoup no more than 25% of what was overpaid to the developer in the original purchase (although that percentage may be a bit higher for Marriott, HGVC and other such "high end" companies).

Although it may be difficult, you must accept the fact that no smart buyer cares one bit what YOU paid. The smart buyer already knows the approximate, current, resale market value of what he /she is considering purchasing, and that's the price range they are willing to pay. What a seller originally paid is of no interest or relevance whatsoever to an informed buyer, who is (understandably) really only concerned with the current market prices offered in the open resale marketplace. Good luck.