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Timeshares are sold for thousands of dollars, but, is that their real value? How much is your timeshare worth? Find out by reading the next article
One of the biggest timeshare complaints is that the units are usually overpriced.
People basically pay thousands of dollars for a contract and the right to use one or more units of the resort for a specific number of weeks, during a certain period, which goes from 5 to 50 years.
The purchase of a timeshare is like making reservations for your next vacation for the next few years, which doesn’t seem to be that wise, does it?
By the time timeshare owners realize that they don’t really need their vacation ownership, as they can basically get the same quality vacations for a better price, it might be too late to cancel their contract with the resort’s customer service.
That’s when they start thinking about different possibilities to get rid of their properties, and most of them think about selling the unit, but once they get to the resale market, they understand that the value of their timeshare has collapsed.
So, what is my timeshare worth? Read the next article to find out the real value of your timeshare unit.
Price and Value
Let’s start by not confusing price and value.
The price is the monetary value that is assigned to a certain good or service, and this is determined by what the prospective buyer is willing to pay, and by the supply and demand.
Therefore, exactly the same timeshare ownership can be sold to two different owners for very different prices.
On the other hand, there is the benefit that the customer gets by acquiring a certain good or service, as well as the capacity for satisfaction that the product can provide.
Consequently, if you ask us, "how much is my timeshare worth? Our answer wouldn’t match the price you originally paid for your timeshare.
For that reason, you could easily find an eBay timeshare for sale for just $1 or even less.
Before buying a timeshare, we highly recommend that you think about how you will use the unit during the next few years, if you will be able to pay your timeshare maintenance fees, and do some internet research on the company.
The Resale Market
Do not expect to sell your timeshare at the same price that you first bought it; timeshare prices are way higher than their real value.
That’s right, let’s not forget that timeshares are overpriced, and they actually lose over 50% of their purchase price allocation once the contract is signed.
However, start with a competitive price, but always be open to negotiation; remember that people like to bargain.
Nevertheless, choose a realistic price, and keep in mind that the lower prices get the most action.
Also, do not feel afraid to take a loss, you will hardly make a profit out of your timeshare.
In fact, determining the resale price of your timeshare unit is the easy part, the hardest is the process of selling it.
Unfortunately, there is actually not a significant resale market for timeshares, and the stark truth is that most timeshares are worthless.
And our biggest advice: Never pay a large upfront fee to sell your timeshare.
There are many timeshare resale scam companies that claim to sell your vacation ownership for unrealistic prices, but once you pay an upfront fee, they disappear.
How Much is My Timeshare Worth?
By this time, you might feel a little regretful about your purchase, which is understandable, but not terrible. In answer to your question,
How much is my timeshare worth? The price will be determined by the resort, the location, and the number of weeks you own, but the real value is almost zero, as most timeshares are worthless.
The trend to appreciate things for their price, and not for their real value, induces us to waste our hard-earned money, inasmuch as we frequently lose the capacity to distinguish between what's valuable and what is not.
However, if you really want to get rid of your timeshare, it will be almost impossible to do so if you decide to sell it.
Timeshare cancellation is the best option to get rid of an unwanted timeshare.
At Mexican Timeshare Solutions, we assist timeshare purchasers who feel they were scammed or taken advantage of by the salesmen.
MTS is a legitimate company, our associates have several years of experience in the timeshare industry and are successfully able to resolve timeshare scam cases in an ethical and professional manner.
Contact MTS today for a free consultation and get rid of the financial burdens that your timeshare gives you.
To receive more information about how much your timeshare is worth and how to cancel it, send a WhatsApp to +52 333 239 6589, fill out the contact form, or call us at +1 714 277 3662
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Asi es, antes de comprar debemos pensar si realmente sera una buena compra y si la utilizaremos, yo he comprado uno y la verdad es que nunca he tenido el tiempo para usarlo, me gustaria venderlo o simplemente cancelarlo.
We own one in Cabo San Lucas. It's good if you are into taking yearly vacations. We haven't used ours since we moved from Alaska 3 years ago. Plan on using it hopefully soon. We own 1 week a year for the next 15 years now. Can use up to 5 weeks a year if we want. I like it, however, since we haven't used it for a while (financial change) we're trying to sell it or willing to rent it out.
If you are a vacation traveler, yes it's worth the money. If you only vacation once in a while (like most) don't buy the hype.
Timeshares are not "worthless." They are worth what someone will pay for them, just as they always have been. A timeshare is nothing but an entitlement to, what, two weeks a year at some resort? Okay, what is that worth, taking into account the maintenance fee and the estimated market for that sort of thing? I myself would be willing to pay maybe a couple of thousand bucks for one. I find it hard to believe that some people once valued them at ten or 20 times that much, but the fact is that people did. I'm sure if the price is low enough, supply and demand will work properly and find buyers for all those supposedly "worthless" timeshares. A couple of thousand dollars is NOT zero.
I think timeshares are a poor investment. I would never get one. Its very rare to hear anything good about them. All I hear about is timeshare relief scams and hidden fees.
My dad bought a sort of timeshare in Cancun just a few years ago. It seemed a good idea and I think the price was fair because they had hotels worldwide. I really only used it once, but he says that with that single occasion was worth.
I think timeshares are an unnecessary expense. I think you can pay a lot less for a vacation. People know this, but it is easy to think that then you can sell or you can take advantage of it, which I think is a lie.
Timeshares basically become an unnecessary luxury, when you realize that you can pay less for a great vacation.
I'm a victim of timeshare contract, what can I do?
The scammers talked to my house offering to sell my timeshare and they robbed me, no more. First they asked me $2000 for closing costs of membership and then they asked me $3000 dollars for Mexican taxes with the promisse that in 10 days I would receive $20,000 dollars from the sale of the membership. This didn't happen, they didn't answer my calls. But they are still there trying to steal more people. I pray every day for getting caught and damage not follow more people like me and my family.
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