Hi guys,
First of all, belated New Year wishes to all of you.

Some time back, a friend of mine tried to sell his timeshare and had a tough time doing so. Everyone was of the opinion that his asking price was way more than the normal market rate for his timeshare. He got in touch with a few agents who promised to sell his timeshare for a very good amount. But, as I suspected, they couldn't get anything done. He didn't go to a closing company, as he was wary of the fees they charge. (He didn't know about TSA at that time) Now, my friend has a day job and he hasn't got all the time in the world to deal with all this stuff. So, he got tired and simply listed his timeshare on eBay for a few pennies. It eventually got picked up by a buyer. He was not happy with the deal at all, but he didn't have any choice. He sold his timeshare at a rock bottom price.

Now, my question is - only after this fiasco did I come to know that there is something called CMA. I was told that you could get a CMA report on your timeshare and find out its true value and you can set the asking price accordingly.

Is this true? Do all timeshare companies offer this service? If not, is there a proper, legit way to find out a timeshare's true worth? Could someone tell me?

The CMA (comparative market analysis) is a good way to find out the real value of a timeshare. A lot of timeshare companies do that. I'm not sure if TSA does that or not. May be a TSA staff member can answer that for you.

But I've got to tell you - CMA is not the only way to find out your timeshare's worth. You can easily find out the real value of your timeshare by taking a quick look at the timeshare market. You can easily find out the average asking price for timeshares similar to yours. Depending on the location, season, and the size of the unit, you can fix the asking price. So, I would have to say that it is not that big a deal as it looks like. All it takes is a little effort on your part.

PS: Shouldn't this thread be in the 'Sell Timeshares' section?

If you really want to know the true value of your timeshare, you could go for an appraisal. But take this advice for what it is. I'm just telling you that there is an option available. That doesn't mean you have to go for it for sure. The reason why I'm saying this is that the appraisal fee could run into hundreds of dollars in most cases and not every buyer asks for an appraisal.

I have a suggestion that is both practical and simple. Just get in touch with a few resellers and timeshare brokers and ask them what they think would be the best asking price for your timeshare. They should be able to give you an idea of what could be the realistic price of your timeshare.

Else, if you don't have the time to do all this, contact a good timeshare closing company. They should be able to help you out.

Cheers.

The true value of a resale time share is what an individual will pay. With that said, you can always contact your resort to inquire about new time share sale prices. A few time share resale companies like TimeshareAdventures.com and Myresortnetwrk publish actual time share resale data on thier websites. You can always check currently advertised time share properties to see current asking prices. Most time share buyers are looking to save 20%-60% off the most recent price that the time share resort is selling them for.

Also consider these factors about your time share week. Location, time of year, size of unit and the amenities offered at your resort.

A fair price goes a long way in helping you sell your time share.

Parker

the paper they are printed on. They aren't even appraisals. They're just very vague comparisons of properties that have sold in a certain area. They cost about $5 to make but some scammer resale companies sell them for $500 or more. DON"T WASTE YOUR TIME OR MONEY ON A SO CALLED TIME SHARE APPRAISAL!