How much is my timeshare worth?

How do you determine the price for your timeshare?

Timeshares can be difficult to sell, without a loss. In the current economy it is not uncommon to sell your timeshare for 10¢ on the dollar. In todays market you may only get $1,000 for a timeshare you paid $10,000 for five years ago.

Your asking price should be competitive with other units in the resort on or around 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. Asking prices for timeshares can vary greatly. The lowest asking price usually gets the most action.

Determining a price is easy, the process of sellling 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

Tags: fee, loss, price, resale