• Blog
  • About
  • The Basics
    • Marriott Vacation Club >
      • Marriott Vacation Club Properties
    • Hyatt Residence Portfolio Program >
      • Hyatt Residence Club Portfolio Program Properties
    • Hyatt Residence Club >
      • Hyatt Residence Club Properties
    • Hilton Grand Vacations >
      • Hilton Grand Vacations Locations
    • Westgate Resorts >
      • Westgate Resorts Properties
    • Vistana Signature Experiences >
      • Vistana Signature Experiences Properties
    • Interval International
  • TTG Facebook Group
THE TIMESHARE GURU
  • Blog
  • About
  • The Basics
    • Marriott Vacation Club >
      • Marriott Vacation Club Properties
    • Hyatt Residence Portfolio Program >
      • Hyatt Residence Club Portfolio Program Properties
    • Hyatt Residence Club >
      • Hyatt Residence Club Properties
    • Hilton Grand Vacations >
      • Hilton Grand Vacations Locations
    • Westgate Resorts >
      • Westgate Resorts Properties
    • Vistana Signature Experiences >
      • Vistana Signature Experiences Properties
    • Interval International
  • TTG Facebook Group

Timeshare Purchases: Are all timeshares worth $1.00 or less on the resale market?

1/28/2019

Comments

 
Picture
I have done a couple of previous posts on purchasing timeshares on eBay and explained whether auctions offering timeshares for $1.00 are legitimate.  You can read about them here and here. 

The general consensus is that they are legitimate offers for timeshares but there are details that you need to read to make sure that all fees are disclosed and there are no surprises that could occur where there are outstanding loans, past due maintenance fees or other non-disclosed fees associated with the purchase. 

In writing those posts, I realized that I am consistently giving the message that timeshares are worthless.  While I do believe that a vast amount of timeshares are essentially worthless in terms of resale value, there are actually a lot of timeshares that retain and even arguably appreciate in value. 

Appreciation in timeshares is almost a complete fallacy but there are definitely times where you may purchase a week inexpensively and end up selling it for a profit.  These types of weeks do exist but you need to know what to look for or get lucky. 

My Lucky Week

As you may know, I own week 47 at the Hyatt Beach House in Key West, Florida,  I have never been to that resort and will likely never go.  When I purchased my first week in 2008, I paid $6500 for that week which was allocated 1300 points.  Compared to prices today, I paid an exorbitant amount but still don't regret it as I have received a lot of value throughout the years. 

Recently, Hyatt redid it exchange chart and week 47, instead of being allocated 1300 points, was reallocated 2000 points.  This provided me an almost immediate 50% in value for my week although I still am not sure whether I would be able to recoup my initial investment.  You can read about that here. 

However, this reallocation definitely increased the value of this week. 

Other Examples:

As I have shown in other examples, eBay is a good source to see how much timeshares are worth.  For this, instead of looking for $1.00 timeshares, I thought I would see how much the most expensive timeshares have sold for in the recent few weeks.  Here is the list of some recently sold auctions.  I think these prices will surprise some of you.

Picture

As you can see in the attached, most of the timeshares listed above sold for $8,000+ dollars.  While of few of them had only one bidder, many of them had multiple bids which indicates that there were multiple people willing to pay these prices.  

eBay is not a perfect market but I tend to view eBay as a very good indicator of the true market value of items.  

As you see, there are many different brands of timeshares listed above that commanded such prices.  There are Hiltons, Marriotts, Disney, Westins, and even Welk resorts (a timeshare only brand).  

Conclusion:

Most timeshares are worth a fraction of the developer pricing so buying resales is essential if you want maximize ownership.  The economics of timeshare ownership buying from the developer "may" still make sense but the math gets very fuzzy and few people will actually be able to recoup the initial investment.  

However, timeshares can still have value and as you can see from the above, they can have some real value associated with them.  Not all timeshares are equal so do you research on what you want and what the going market price is for such week or system. 

What did you pay for your timeshare?  Can you sell it for what you paid?

Subscribe to our mailing list

* indicates required
Comments
    Advertising Disclosure

    Archives

    April 2020
    March 2020
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016

    RSS Feed

    Categories

    All
    Basics
    Costa Rica
    Credit Card Offers
    Credit Card Strategies
    Exchanging
    Extra Vacations
    Getaways
    Giveaway
    Guest Posts
    Guru Deals
    Hawaii
    Hilton Grand Vacations
    Hotel Points
    Hyatt
    Hyatt Pure Points Program
    Hyatt Residence Club
    Hyatt Residence Club Portfolio Program
    Interval International
    Marriott Reward Points
    Marriott Vacation Club
    Promotions
    Rci
    Reviews
    SFX Resorts
    Ski
    Southwest-airlines
    Starwood
    Timeshare
    Timeshare News
    Timeshare Presentation Offers
    Timeshare Presentations
    Timeshare Resales
    Timeshare-scams
    Timeshare Strategies
    Travel-related
    Travel Tools
    Vistana
    Wesgate-resorts

    Archives

    April 2020
    March 2020
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016

Home

Privacy Policy

Terms of Use

Contact

Copyright © 2020 The Timeshare Guru Inc.
  • Blog
  • About
  • The Basics
    • Marriott Vacation Club >
      • Marriott Vacation Club Properties
    • Hyatt Residence Portfolio Program >
      • Hyatt Residence Club Portfolio Program Properties
    • Hyatt Residence Club >
      • Hyatt Residence Club Properties
    • Hilton Grand Vacations >
      • Hilton Grand Vacations Locations
    • Westgate Resorts >
      • Westgate Resorts Properties
    • Vistana Signature Experiences >
      • Vistana Signature Experiences Properties
    • Interval International
  • TTG Facebook Group