Timeshare values are determined by location and the week. Your asking price should be competitive with other units for sale at the resort with the same week, or close to the same week. Start at a competitive price, but be willing to negotiate. Your asking price may need to come down further if there is no interest in your initial listing. Keep in mind the lowest asking price usually gets the most action.
Timeshares can be difficult to sell without a loss. In the current economy it is not uncommon to sell your timeshare for 70% off of the original purchase price. A timeshare purchased just five years ago for $10,000 may only sell for $3,000 today. Coming to terms with such a drastic loss is difficult for some owners who purchased a timeshare with the belief that it was also an investment. The reason for the loss is simple supply and demand. New resorts drive up the demand through investments in marketing and sales. Marketing ends when the developer has sold the last unit and demand dwindles when the resort is not actively marketed. The loss is less drastic at resorts with active resale programs. Resorts with resale programs and staff keep the demand for the resort up. Prices can be driven down by resorts with abandoned units or highly motivated owners under financial pressure.
Determining a price is easy, the process of selling may be the most difficult. Never pay an upfront fee to sell your timeshare. I am sure you thoroughly regret purchasing your timeshare by now, it is understandable. It is unfortunate, but there are plenty of companies and individuals who prey on timeshare owners who want an easy way out; Fortunately they are easy to spot when they ask for an upfront fee to sell your timeshare with the promise of a quick and easy sale.
There are two golden rules to selling a timeshare: Don’t be afraid to take a loss, and never pay an upfront fee to sell your timeshare.
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