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Similar to any real estate, a property’s desirability, coupled with the normal factors of supply and demand, impact the value of the property. Nonetheless, the similarity in price valuation between traditional real estate and timeshares ceases there. In traditional real estate, it would be difficult to find two similar properties where one sold for almost half the price of the other. Homes located adjacent to each other, with similar characteristics, would not normally sell for widely different prices. With timeshare resales, this is a frequent occurrence.

Standard comparative market analysis appraisal techniques can be questionable for timeshare, and there is currently no bank bluebook for timeshares.

Timeshare valuations have determining factors that are unique. Several of these determining factors include, very high marketing costs, season availability, and exchange benefits. Other factors are types of ownership, area and project amenities. All of these factors are not present with other types of real estate. To get an idea of the wide variance in prices perform an internet search for “timeshare resales Florida“.

Purchase value is determined by the following factors, what a buyer is willing to pay and what a seller is willing to accept. It is also determined by seller inducement or motivation to sell, divorce, death of family member, financial hardship, or just being tired of using the unit. The last factor is an auction format that encourages buyers to bid against one another.

A good auction format is one that includes special sales incentives for its agents. These incentives help promote the highest marketable price, which in turn helps to prevent price erosion.

Since the resale market is diverse and the result of individual negotiation, it is impossible to predict the sales price of any specific interval.

If sellers have limited resale options, price erosion will be significant. Sellers can get into a bad position if they have attempted to sell the unit on their own or placed it on an internet bulletin board with no result. Internet bulletin bulletin boards for timeshare advertising typically provide a photograph, price list, and property description, but do not include other services offered. These bulletin boards and advertising websites actually increase price erosion and do not offer the consumer the professional assistance needed to complete negotiations. Procuring prospects is only one step in facilitating a sale. Contracts have to be prepared, escrow must be held, and ownership must be transferred and properly filed to assure the new owner’s usage. A licensed resale broker specializing in timeshare resale can represent the seller and perform all the services needed in a proficient manner.

To get assistance with reselling your timeshare property: timeshare resales To find out much more about timeshare sales come see us at: timeshare resales Florida

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