Many families love the convenience and amenities they can get from buying a timeshare. Whether you want a consistent vacation plan for each year or access to the full range of resorts within a vacation club’s network, there are plenty of reasons why timeshare owners are more likely to vacation than other people.
However, things change. Whether because of rising maintenance fees or changing family dynamics, many timeshare owners eventually find themselves looking to sell. While platforms like SellMyTimeshareNow make it easy to find interested buyers, it’s important that you price your timeshare resale competitively if you wish to get more offers and make an efficient sale.
By understanding the factors that influence your timeshare’s resale value, you can sell more quickly and at a good price.
1. Where Is Your Home Resort?
The location of your timeshare’s home resort will unsurprisingly play a big role in its resale value. This is especially true if your ownership is tied exclusively to that home resort. For timeshares that let you exchange points or weeks at other resorts under the same brand, this may not be quite as important, but it’s still something potential buyers will consider.
If your home resort is in a very popular location (like Cancun or Miami), there will be more interest, and you’ll be able to charge a higher price. On the other hand, a resort that is off the beaten path probably won’t sell as high — but it can still be very appealing for the right kind of buyer.
2. Vacation Club Association Matters
There are several different vacation clubs with timeshares across the country (and around the world). Each club, such as Hilton Grand Vacations Club, Marriott Vacation Club or Disney Vacation Club, has its own perks and resort network. One main benefit of a vacation club ownership is that it allows timeshare owners to reserve a vacation stay at other resorts within their network — and this can be a big draw for prospective buyers.
If your timeshare is part of a vacation club that includes resorts in exciting international destinations — and offers you the flexibility to use those resorts — it will likely be more appealing to potential buyers on platforms like SellMyTimeshareNow. On the other hand, a timeshare that is part of a smaller network may not be able to command as high a price.
3. Unit Size and Amenities
Even within the same timeshare resort, not all units are created equal. Most resorts offer a range of unit options, with sizes often ranging from studios to 2-3 bedroom suites. The larger the unit, the higher the price you’ll be able to set, since a larger unit offers more flexibility for families or groups of friends.
Resort amenities can also affect demand and pricing. This includes both on-site amenities, like restaurants, golf courses or swimming pools, as well as how close the resort is to local attractions. A timeshare resort that offers quick access to sites like national parks, beaches or theme parks can be priced higher because it will deliver a more convenient and streamlined vacation experience.
4. What Is Your Usage Type and Frequency?
Timeshare ownerships can vary quite a bit in terms of the usage type and frequency. While most people assume that all timeshares will offer a fixed week, many timeshares and vacation clubs offer more flexible options, such as floating weeks or points-based reservations. In addition, some timeshares offer options besides annual usage. For example, some timeshares offer biennial (every other year) use as a more affordable alternative for owners.
Generally speaking, the more frequently the owner can use the timeshare, the higher the resale value. Floating week timeshares also tend to be priced higher due to the added flexibility they provide in letting owners choose from several weeks during a particular season.
As part of this, your usage week or season will also play a role. If your timeshare usage occurs during the off-season, it will have a much lower resale value than a week during the area’s peak tourist season.
5. How Do Your Points Work?
If your timeshare resale includes points, it’s important that you understand how those points work, especially in regards to resales. Some vacation clubs have ownership restrictions on selling points, which can limit how resale buyers use their points. Points may not always be fully transferable.
Resale limitations and requirements for points can vary quite a bit between vacation clubs. If points play a significant role in your timeshare, you need to understand how they can and can’t be used by resale owners. The fewer limitations and restrictions involved (and the more points you can transfer to the resale owner), the higher you can price your resale.
While estimating your timeshare resale value on your own can be tricky, resources like SellMyTimeshareNow can make it easier by using information about your resort, timeshare ownership type and other details. Perhaps even more importantly, these solutions allow you to determine the fair market value of your timeshare without needing to pay for an expensive appraisal.
With a fair, yet competitive price based on these traits, you will position yourself to sell sooner rather than later. While you shouldn’t plan on generating a profit from your timeshare resale, effective pricing will give you some extra money to start planning your next non-timeshare vacation.
Counter
101 Countries • 1432 Cities
