How to determine value of timeshare.

[jjdftwayne]

I am trying to get a written confirmation of what my timeshare's are worth for Medicaid planning. I presently have 203,000 points. Where do I go to get this information? Is there a cost and if so, how much is reasonable.

 

[sfwilshire]

First question would be what kind of points.

Sheila

 

[BocaBum99]

First question would be what kind of points.

Sheila

Sounds like you own Fairfield Points. I'd say that a good number to use is $4000 for that many points.

 

[PeelBoy]

You go by the book value, i.e. the amount you paid for it. Who knows what the fair market value will be in the future?

 

[Giselherr]

You go by the book value, i.e. the amount you paid for it. Who knows what the fair market value will be in the future?

I don't believe that'll work. I think the rule you have to use is: the value is what a willing buyer will pay a willing seller, when both are fully aware of all relevant factors.

 

[Steamboat Bill]

If you are applying for Medicaid....I suggest selling them or giving them to a relative so you don't have any assests. I would hate to see you get denied medical coverage because you own a timeshare.

 

[Bill4728]

I am trying to get a written confirmation of what my timeshare's are worth for Medicaid planning. I presently have 203,000 points. Where do I go to get this information? Is there a cost and if so, how much is reasonable.

Many people get a good idea of what their TS is worth by finding completed Ebay sales of that resort.

Personally, that where I'd start.