If you are a timeshare owner thinking about selling your
timeshare or a prospective buyer, figuring out how much a timeshare is worth can be quite
difficult.
- If you
contact the resort that sold you the timeshare, they will most likely
give you a inflated value and tell you that it is worth more than you
originally paid for it.
- If you contact a "resale
company" that charges money to list the timeshare, they will also give
you an inflated value for your timeshare. They will tell you whatever it
takes to get you to pay their upfront fee.
- Then there are companies
that tell you that your timeshare has no value. They will try to
convince you to pay them thousands of dollars to take the timeshare off
your hands.
The True Market Value is the most probable
price which a property should bring in a competitive and open resale
market.
The purpose of a "Comparative Market Analysis" is to estimate the True
Market Value by performing an evaluation of the real property. Just like
an appraisal on a house, the estimation is based on the current market
demands. It does not matter which resort it is
or where it is located, we can prepare a CMA for any timeshare any
location.
In performing the "Comparative Market
Analysis" of a particular timeshare
property, the valuation process consists of:
-
Reviewing public records.
-
Analyzing comparable sales databases.
-
Making adjustments according to variations in season, unit size, amenities as well as other comparable aspects.
-
Arriving at a value.
|