Are you a timeshare owner looking for the value of your timeshare? Are you asking yourself “What is my timeshare worth?” If so you have come to the right place. Fidelity Real Estate is a licensed real estate brokerage that specializes in resale so we can help determine what the going rate is for your timeshare ownership and what other owners have sold for on the resale marketplace. The secondary market can be confusing to many timeshare owners especially when trying to determine timeshare resale value. Considering that timeshares rarely appreciate in value, it’s best not to have high expectations.
Do Timeshares Retain Their Value?
Before we begin, it’s important to note that not many timeshares retain their “value” over the years. Being aware that timeshares rarely appreciate in value can be a helpful asset when you’re looking to sell your ownership. Some may wonder why people buy timeshares if they’re not worth much later on, but the true purpose of timeshare was never to be an investment. The real value comes out of their use. Timeshares guarantee owners to go on vacation every single year and save money compared to hotel stays. Not to mention, the product is meant to last an entire lifetime, and can even be passed down to children or grandchildren.
The timeshare resale market is relatively new and some families don’t use their timeshare like they thought they would. A shift in lifestyle could be the cause of the timeshare owners’ need to sell. Keep your expectations low when starting this process if you’re trying to say goodbye to timeshare maintenance fees and dues. Selling your timeshare or contacting your resort developer is the best way to safely find relief.
What Are DVC Timeshare Points Worth?
There is, however, one exception to the rule that timeshares don’t appreciate in value: Disney Vacation Club. DVC points aren’t cheap but they can retain, or in some cases appreciate, in value. Again, buying Disney Vacation Club points should not be considered an investment, so you shouldn’t expect to make a profit on your purchase. There are variations in timeshare resale values among the DVC timeshare resorts. For example, a 200-point package at Aulani sells for much more than 200 points at Hilton Head. This is mostly due to popularity and resort demand, so even within DVC, not every point has equal timeshare worth.
While you may not profit from selling your DVC points, it’s good to know that after many years of magical vacations, you may recover a large portion of your purchase price. Just as an example—if you purchased Old Key West DVC points at the original price per point back in 1991 at $62.75, you could sell them on the resale market in 2022 for an average of $121.00 per point!
Someone Called Claiming They Have a Buyer For My Timeshare
If you aren’t looking to sell your timeshare and you get an “out of the blue” phone call from someone claiming they have a buyer ready and will pay more (or even thousands more) for what you originally paid for, take caution. First and foremost, a legitimate resale company will never call you unsolicited. If you haven’t posted your timeshare for sale, it would be pretty rare for an unexpected buyer to contact you. This is one of the most common timeshare resale scams to avoid!
Furthermore, it’s highly unlikely that your timeshare is worth more than what you paid, unfortunately. There are buyers out there that look to the resale market to add points to their ownership or get a great deal. However, most of them aren’t going to pay the full price due to certain brands’ resale restrictions.
You’ll know an offer is a scam if the “agent” also asks for a steep up-front fee or wire. This should sound suspicious to you. After all, you’re the seller! You should never have to pay upfront fees to sell your ownership. If something sounds too good to be true, it probably is. Unfortunately, scams like this have given people the wrong impression that timeshare is a scam.
Find Out What Your Timeshare is Worth and Get a Fair Market Value
So, what is my timeshare worth? Well knowing that you may not always get back what you paid for, pricing your timeshare competitively is very important on the resale market. You want to get a fair market value. That’s why working with one of our agents at Fidelity, you’ll receive expert advice and help to create a listing that competitively prices your ownership.
Our Licensed Real Estate Agents can get an estimate of your timeshare worth, so you know what to ask for. It’s important to find the value of your timeshare before you sell it! An agent will be able to provide prices of similar timeshares for sale, and even ones at your home resort. This is a great way to figure out what your timeshare could be worth and if you want to change your selling price, we can adjust accordingly. Fidelity can also help facilitate negotiations with potential buyers.
What Factors Affect the Resale Value of A Timeshare Worth?
Accurately pricing helps when selling a timeshare. Determining resale prices can be influenced by many factors. One of the main things that affect resale prices is the resort location. For example, if your resort is in top locations such as Orlando, Hawaii, and Breckenridge your timeshare’s worth might be higher because more people want to vacation to these locations.
Compared to smaller independent resorts, resorts owned by popular brands, such as Hilton Grand Vacations, are in greater demand. There is no doubt that this demand to join the best vacation clubs affects the prices of resales.
Another thing that can affect prices when selling is your ownership type. Fixed weeks and point-based timeshares are the two main types of ownership. Timeshare points are the most popular ownership type because they can be used more freely and don’t have set dates or locations.
For fixed weeks that stay in the same property each year square footage can affect the price. For example, a standard size villa selling rate will be less than a three-bedroom suite. Similar for a point timeshare the more points you have the more money you will get for your ownership.
Lastly, the time of year that your timeshare is available affects timeshare worth. What week your timeshare is deeded affects the deeded timeshare worth. In addition, when you get your points affects the point timeshare price.
Selling a timeshare can be stressful and all you want is reliable information. As mentioned above, our timeshare resale experts will give you a timeshare appraisal when you meet with us so we can help you determine the asking price. There is no obligation to price your timeshare as we suggest. At the end of the day, you decide what you want to advertise your timeshare for.
Sell Your Timeshare on the Resale Market
Fidelity Real Estate has been in the timeshare resale industry for over 20 years. We have an A+ Rating as an Accredited Business with the BBB and are a Featured Reseller for the ARDA Coalition for Responsible Exit. When you’re ready to sell, our Licensed agents can help you find out what your timeshare is worth and list your ownership for sale. Call us at 407-465-5188 to receive a free, one-on-one consultation at no obligation, and we can help you sell your timeshare without any upfront fees and walk you through the timeshare sales process from start to finish.
If you’d like to know more about how to sell your timeshare, be sure to check out our video.
Fill out the form below if you are interested in selling! One of our representatives will contact you to gather additional information about your property in order to accurately determine its value.