My mom died - Need to sell - How do you figure price to list?

Mom had 2 weeks with Sheraton Vistana Resort - Cascades - Weeks 29 & 30. I've noticed sale prices are all over the spectrum...from $2700 - $15,000 for each week...how do you figure out what to list for?

ck126 wrote:

Mom had 2 weeks with Sheraton Vistana Resort - Cascades - Weeks 29 & 30. I've noticed sale prices are all over the spectrum...from $2700 - $15,000 for each week...how do you figure out what to list for?

I'm assuming that resort is in the Orlando area. If so, then that property probably has very little resale value because the Orlando area is over-saturated with timeshares.

You say you've "noticed sale prices are all over the spectrum"? The question is Are those sale prices or list prices? There's a huge difference. I could list my 1985 Nissan Pulsar for $14,000. Until someone hands over that amount of money for it, $14,000 is not what it's worth.

Sadly, a lot of timeshare owners were duped by the timeshare salesperson into thinking that they could re-sell down the road for around the price they paid. The fact is, many timeshares (especially Orlando) are worth about zero dollars on the resale market.

One suggestion how to find out what your timeshare is worth is to log into your E-bay account. Then look for the resort and see under Completed Auctions what similar units at that resort have sold for. If you see some that have closed without attracting any bids, then figure that the value is close to zero.

Also, do not fall for any of the scams out there where they promise that they can quickly sell your timeshare for zillions of dollars if you pay them a large, upfront fee.

ck126 wrote:

Mom had 2 weeks with Sheraton Vistana Resort - Cascades - Weeks 29 & 30. I've noticed sale prices are all over the spectrum...from $2700 - $15,000 for each week...how do you figure out what to list for?

Sadly, since the 2007 economic meltdown many timeshare weeks can't even be given away .... you can place an ad in Redweek's bargain basement if you merely want to give them away to get out from under yearly maintenance fees.

If your mom was the sole owner and you did not take title to the timeshares you can just let the timeshare take back ownership. You can either notify them that your mom died and you will not take over title or just let it go. Nobody can force you to take them over if you decide you do not want the lifetime obligation of never ending increasing maintenance fees. Take time and do some research and you will find that they probably have little or no resale value. You will also see a lot of people trying to give away their timeshares just to get out of the future maintenance fees and assessments. Many of them will pay closing costs just to have someone else take them. Good luck

donp196 wrote:

If your mom was the sole owner and you did not take title to the timeshares you can just let the timeshare take back ownership. You can either notify them that your mom died and you will not take over title or just let it go. Nobody can force you to take them over if you decide you do not want the lifetime obligation of never ending increasing maintenance fees. Take time and do some research and you will find that they probably have little or no resale value. You will also see a lot of people trying to give away their timeshares just to get out of the future maintenance fees and assessments. Many of them will pay closing costs just to have someone else take them. Good luck

True, however the estate is still responsible for maintenance fees until the timeshares change hands. I would do as don mentioned and call Sheraton Vistana and explain your situation that your mother died and ask if they would take back the weeks. It never hurts to try.