As a timeshare owner you may often wonder just how much your timeshare is actually worth. Whether you are curious about the worth yourself , thinking of resale or just trying to appraise your timeshare property for legal reasons such as divorce settlements, foreclosure or bankruptcy, the question will no doubt arise eventually and have you very eager to find out the answer.
The truth is timeshare value is like art value. What is someone else willing to pay for your timeshare? It does not matter what you originally paid for your timeshare, what matters is only what someone is willing to pay you for it today. It is imporatant to remember that timeshares do not appreciate in value and more often then not, they are sold for a great deal less then their original purchase price. In fact market research on timeshares have dictated that timeshare sales have usually been as low as 30-50% of the original purchasing price of the timeshare.
There are several ways of assesing just how much your timeshare is worth. Websites such as ebay are a great way to see if there are listings in the same resort for sale, and just how much they are selling for. There are also many online appraisal tools that can come in handy when trying to set a realistic price. Often these tools can be found on sites that recieve their data from government agencies that register the timeshare transfer paperwork, and they often have years of factual resale numbers. When looking for a timeshare appraisal service it is important to find a independent service that is not affiliated with any resort, developer or reseller. With these services, if you provide the information about your timeshare, the service will compare your timeshare to others that are just like it and give you a value range that is based on market conditions.
The value of your timeshare is all in the location of it, the amentities that it has and you must be realistic when setting the price of your timeshare if you want to sell it quickly. Also remember that the value of your timeshare can drastically fluctuate depending on many factors such as current market conditions and local activites. Proper research can help tremendously in helping you get an accurate assesment of the value of your timeshare. The internet is filled with listings of over priced and underpriced timeshares, therefore adequate research will be very beneficial to you when it comes to finding the correct value of your timeshare.
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