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Quynh M.
Our Timeshare and Divorce: How do you Value this "asset" ?
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.
Don P.
you might want to list it as a liability not an asset .
Last edited by donp196 on Jul 14, 2018 07:36 AM
Tracey S.
Most have a fmv of $0 and that is if it is paid off. You can look at completed sales on ebay and redweek. FMV is what you could (easily) sell it on the open market. Since many developer perks do not transfer upon resale, the value to own or keep a timeshare could be much higher than what you could sell it for. For example Wyndham might sell a million point platinum account for $100,000. If the owner were to sell the platinum benefits would be lost and it might sell for $5,000- 10,000 (FMV)depending on where it is deeded. The actual value to own that platinum account might be $20,000 or so depending on how the account is used and if the owner takes advantage of the perks vs renting similar vacation properties.
There are a few timeshares that may retain up to 20% of the value of the original retail price. 90-95% of timeshare purchases have a FMV of less than $500 regardless of how much was originally paid.
What do you own- what resort and week or float season or number of points?
