selling my orlando timeshare

zilll · #1 (**permalink**) April 9th, 2008, 03:28 PM

i decided to sell my timeshare in orlando. i called to headquarter and have been told that i have to first send them a letter to buy out my timeshare for x amount of $$$. i don't know the value of the timeshare right now. anyone can tell me where can i find it. should i get the appraisal, just like the regular house?

thanks in advance.

TAI_Staff · #2 (**permalink**) April 9th, 2008, 03:59 PM

Hello zilll,

Thanks for visiting our Timeshare Forums. It sounds to me like you may be referring to the the timeshare resort developers Right of First Refusal, which has been explained within a couple areas of our Forum before.....

Quote:

Right of First Refusal

Privilege of Preempting Transaction: a privilege somebody has to prevent a transaction, typically a sale, lease, or sublease, by agreeing to stand in the place of one party, often the buyer or lessee. Often a condominium's or cooperatives board of directors has this right.

More often than not, you, as a seller would need a sale pending in order for the timeshare resort developer to exercise this right.

An appraisal is entirely unnecessary with timeshare resale. You should be able to determine the value of your timeshare by exploring our website to see what other like you are seeking for similar timeshares. Timeshare Adventures also publishes a list of advertising client Recent Resales & Rentals, which should help you in determining a fair resale market value.

I hope this helps and please feel welcome to inquire further!

zacX · #3 (**permalink**) April 10th, 2008, 01:12 PM

Don't ever get suckered into a timeshare appraisal! I fell for this scam form some telemarketing timeshare company that called and told me that I would need this and they got me[my wife actually] for several hundred bucks! I looked into this and it was a total scam and the company either went out of business or was shut down!

TAI_Staff · #4 (**permalink**) April 10th, 2008, 03:45 PM

Hello Everyone,

Here's a quote about timeshare appraisals from ARDA(The American Resort Development Association), which favors the sentiment within this thread.

Quote:

Appraisals
ARDA member guidelines provide that a firm engaged in timeshare resales activities shall not require an appraisal of the timeshare interest as a condition of accepting the listing.