How do you determine resale value?

[pjdiaz1]

Just curious what everyone considers HGVC ownership in the resale market as far as “fair market value”. I’m still in the “researching like crazy to see if this is for my family after we canceled our contract at Ocean Towers” phase...and have been looking at this marketplace, redweek, eBay, and more.
I was watching an auction that just ended with no one bidding and I thought it was a crazy deal (assumption based on what I nearly paid retail), but it was an every year deed for 9300 points at Kings Land. Auction started (no reserve), at $6,150.
Can anyone much more educated in this world advise as to why this wasn’t scooped up? I’d think for certain even HGVC would buy it during their right of refusal review.
Thanks!

 

[giowop]

Two words: Maintenance Fees.

Something might seem like a deal sale price wise, but if you have MFs that run in excess of $1500 a year, that adds up in a hurry.


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[tombanjo]

If you watch eBay sales over a period of time you can get a feel for what things can sell for. However, it is a market where even if it says sold, people do not always complete the purchase. Also - with out a steady volume of sales, there can be wild fluctuations in prices. Critical factors are season, size, cost per point in MF and buy in cost per point. That unit has remained unsold as the price dropped. You may find it is perfect for you and well worth the price, or overpriced compared to a different location for the same points. The two points of view are buy where you want to stay, and buy the cheapest points. If you want to always stay a week in the size unit and season in HI, it might be a great buy. If you want to take chances and book last minute if anything opens up, cheap points might be a better choice. Look at how this would work for you for ten years. Does MF and buy in make it work?

 

[SteelerGal]

Recently there was a Kingsland w/ 10,500 pts that sold for under $4500 and included free closings. MF around 1950 not including Club fees. You can find great deals on EBay but it is the Wild Wild West and you have to know what you are buying. As well as trust the company you are dealing w/.

 

[Talent312]

Check the "closed" auctions on eBay and the "Marketplace" on TUG.
Also, follow the listings on broker's websites...
Judi Kozlowski - judikoz.com
Seth Nock - sellionigtimeshares.net
Siane Nadeau - timesharebrokersales.com
Syed Samad - advantagevacation.com
Carl Thomas - timeshare-resale.com

But be aware that some peep have unrealistic expectations.
They list at close to retail, not realizing it should be 1/4 or less.
.

 

[ljmiii]

Check the "closed" auctions on eBay and the "Marketplace" on TUG....

I would add the 'sold' listings on Redweek. While you don't know what discount off the ask the seller accepted, the 'sold' listings give you a 5%-20% ballpark.

As Talent312 said, asking prices for timeshares are often completely unrealistic.

Lastly, I would add that eBay skews low on price as it is a place to sell for the foolish and/or desperate. With listings provided mainly by those who for whatever reason want to sell 'now' it's a great place to buy if you are careful about feedback, closing company, etc. But I would never sell my timeshare on eBay.

 

[SmithOp]

I would add the 'sold' listings on Redweek. While you don't know what discount off the ask the seller accepted, the 'sold' listings give you a 5%-20% ballpark.

As Talent312 said, asking prices for timeshares are often completely unrealistic.

Lastly, I would add that eBay skews low on price as it is a place to sell for the foolish and/or desperate. With listings provided mainly by those who for whatever reason want to sell 'now' it's a great place to buy if you are careful about feedback, closing company, etc. But I would never sell my timeshare on eBay.

I sold one on eBay and got the price I wanted, I set a reserve price.

An HGV salesperson bought it, price was better than employee discount.


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[Ianneyan]

That is freaking awesome! An HGVC salesperson bought it!?!

I sold one on eBay and got the price I wanted, I set a reserve price.

An HGV salesperson bought it, price was better than employee discount.


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