How much is my timeshare worth?

How much is my timeshare worth?

I recently received an inquiry which follows a pretty common pattern. A lot of people want to know the answer to this:

"I own a timeshare at {some timeshare company/resort}. I bought it in {year} for {price} and have fully paid it off. I haven't been able to use it recently, and I'd like to sell it. How much can I expect to get for it?"

I don't have figures for all timeshares at my fingertips, but I can tell you how to research this yourself. Here's a good way to see what your timeshare is worth...

Half price sale window Think your timeshare is worth 1/2 the original price?

Asking prices aren't reliable

When it comes to selling a timeshare, people's asking prices can vary tremendously. Some people are hoping to recoup all or most of the price they paid for their timeshare, while other people are practically giving away their timeshares. What's realistic?

Just because you see a timeshare advertised for $25,000, doesn't mean it's actually worth that. The owner might love to get that price, but is that just wishful thinking on their part? You need a way to see what people are actually paying, not just the asking prices.

That's where eBay comes in. Not only is this a major marketplace for timeshare resales, but it also gives you unbiased factual information about prices people actually paid for different timeshares.

Of course, prior results don't guarantee what price you can get, but this is an excellent place to start.

WARNING: If you paid developer prices for your timeshare, you may be disappointed to see the results, but this is important information to have.

How does this information help you?

  • Realistic view of your timeshare. You could go through life with rose-colored glasses, assuming your timeshare is appreciating like other real estate would. But isn't it better to have a more accurate understanding of what you could really sell it for?


  • Informed decision making. If you're thinking of selling your timeshare, knowing what you could expect to get for it is an important factor in deciding what to do, and when.
  • Buying resale timeshares. You can save a lot of money by buying a timeshare on the resale market. The key is to do all the necessary research and due diligence before making any deal. eBay is an excellent source for research, as described here.
  • Being prepared before a sales pitch. The next time you walk into a timeshare sales presentation, wouldn't it be good to know beforehand how much those timeshares go for on the resale market? Not only can you compare the price they're offering against what you can get on eBay, but you can also judge for yourself how well that "investment" would hold its value.
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Step by step instructions

  1. Log into eBay, and use the search bar at the top to search for the timeshare you want to find out about.
  2. Searching for timeshares for sale on eBay Searching for timeshares for sale

  3. On the left side, click the category for Timeshare sales, so that you exclude rentals and other listings that are not applicable.
  4. This shows you listings that are active right now, but what you really want to see are the results people actually obtained. Scroll down, and on the left side, click "Completed listings."
  5. Look for the completed listings Look for the completed listings

  6. The items with a price in GREEN are the successful sales. Somebody actually paid this much money to buy that timeshare. The items with a price in BLACK were not sold. There were no buyers willing to pay the requested price for that timeshare.
  7. Green means sold, Black means unsold Green means sold, Black means unsold

  8. To look closer at a completed listing (whether sold or unsold), click through to it from the search results, and then click "See original listing".
  9. View the original completed listing View the original completed listing

  10. You may need to scroll down a bit to see the meat of the listing, but you should find all the details as presented in the original offer. Terms of the offer, usage dates, maintenance fees, transaction fees, etc. can make a big difference to whether a timeshare was successfully sold or not. For instance, if the price is identical between two offers, one with seller-paid transaction fees might sell while one without that perk might not.
  11. Important details include usage and fees Important details include usage and fees

  12. If you can't find something exactly like what you have (a biennial odd-year floating 2-bedroom lockoff for week 22-26?), you'll have to find the closest listings you can, and then try to extrapolate from there.
  13.  

Comments? Questions?

Of course there are other avenues for buying and selling timeshares besides eBay, but it's a superb source for research because there are so many listings, and historical sales information is easily available. Have you tried researching your own timeshare to see what it's worth? Please share any comments in the Reply section below. Consumer Awareness Guide to Timeshares

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I'm a big fan of timeshares, but I believe that it's important to get into it with your eyes open, and know exactly what you're doing. Research tools like eBay are a big help, but what else should you look for? A good place to start is my free Consumer Awareness Guide to Timeshares. Get educated, and set yourself up for success.
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Hi! I’m Deanna, founder of Winning the Timeshare Game, and author of the books. After running an international tour company, I’m now into the fascinating world of timeshares. I enjoy sharing all the tips I discover, and I’d love to see everyone have as much fun with their timeshares as we do!

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PHOTO CREDITS:  Sale window - Alan Cleaver

6 Comments

  1. Ed

    Redweek.com is also a good place to see prices and sales.
    Ed

  2. John Dohn

    I also look at a web site called Sharket. They have a lot of sales prices that timeshares actually sold for.

  3. Lisa Auman

    Hi Deanna, I just found your site and I am so glad to finally get some information. We've "inherited" a timeshare from my in-laws who could no longer afford the maintenance fees. They own a white week and a red week at Plantation Resort near Myrtle Beach, South Carolina. Has there ever been a situation where the home resort would actually buy back a week? We actually cannot afford to keep both of these weeks, and my in-laws have major health problems which prevents them from being able to finance anything like this or take vacations. Are resorts ever sympathetic to owners changing life situations?

    • Hi Lisa -
      Thanks for your message! There are some resorts which have in fact agreed to take back weeks from owners who can no longer manage them. It all depends on the resort, so I really can't say whether this will work for you, but it's surely worth a try. If your in-laws have a deeded property, then it's easier (and cheaper) for the resort to simply take it back rather than going through a foreclosure process.

      Good luck with it, and hope you find a sympathetic ear! - Deanna.
      Deanna Keahey recently posted...How to get rid of your Diamond Resorts timeshare

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