Original Message:
Our Timeshare and Divorce: How do you Value this "asset" ? (by KC):
peters379 wrote:Any one out there have any ideas or resources that might help with establishing a TimeShares Fair Market Value when going through a Divorce. I find little or no information on this topic.
My specific suggestion would be to first go to eBay to see if you can find comparable weeks at your resort under "closed listings". If so, you will then have actual, confirmed, current and indisputable resale prices, from transactions which have actually been completed.
You DON'T ever want to use "for sale" ads to estimate value, since many would-be sellers have a very unrealistic and overly optimistic notion of what their timeshare is worth, often based upon what THEY paid for it. Unfortunately, what THEY paid for it has ABSOLUTELY NOTHING to do with it's actual, current market value today.
If the resort has a resale office (...as only some do), they might be willing to share with you the "sold" prices for weeks much like yours. Generally, resort resale prices are MUCH higher than the same week sold on eBay (if you can even find a "closed listing" match there).
Truth to tell, timeshares in weak demand locations or off-seasons can easily be regarded more as a LIABILITY than an asset, since such an "asset" comes with its' own guaranteed annual maintenance fee legal obligations --- but possibly without the item itself actually having any current market value. If of no real market value, it's hardly an "asset".
Hope this helps you somehow. Good luck.