Comparables?

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

Tug's historical values would be a pretty good estimate, but unless the purchase/sale was rather recent it would probably be higher than the current market value. The prices of timeshares tanked with the economy and is not coming back at the rate that other real estate has been. Resort in house resales tend to be higher than the market as they can get a higher price than someone on the internet. Until just recently I've watched resale prices at a popular highly rated resort group. They tanked along with the economy and have not come back much. Changes made at the resort group have not helped prices to go up.

[VegasBella Member Find all posts View Profile Close VegasBella]

That is the best advice, really. There will always be someone who got a better deal and someone who got a worse deal. If you know exactly what you want, figure out how much you are willing to pay for that and then stick to your guns. Rather than be caught up in initial costs, think about the long haul and if it would be worth to you.

That's what we're going to do. There are 5 for sale right now that I can find that fit the bill. I think we will make offers on all 5 and see if any bite.

On another note, there was another timeshare (different city/state) that we were looking at on ebay that we lost the bid on. It was interesting watching it go from 20 dollars to over 3 grand in just a few hours. I'm bummed we lost out on that one. We will keep trying.

[FreeIn2010 Member Find all posts View Profile Close FreeIn2010]

On another note, there was another timeshare (different city/state) that we were looking at on ebay that we lost the bid on. It was interesting watching it go from 20 dollars to over 3 grand in just a few hours. I'm bummed we lost out on that one. We will keep trying.

Was that the one in New Orleans? I was watching that one also. I knew it would have that last minute snipe. I honestly thought it would go higher.

[buzglyd Senior Member Find all posts View Profile Close buzglyd]

I was bidding last night on a Carlsbad Inn Thanksgiving week (47) Unit 312. I bid $250 and it ended up going for $810. Still not a bad deal for a week that would rent pretty easily.

Make sure you print out the resort map and look up the Unit numbers as well in the listings. That is an important component for me as well as time of year.

[Presley Senior Member Find all posts View Profile Close Presley]

I was bidding last night on a Carlsbad Inn Thanksgiving week (47) Unit 312. I bid $250 and it ended up going for $810. Still not a bad deal for a week that would rent pretty easily.

Make sure you print out the resort map and look up the Unit numbers as well in the listings. That is an important component for me as well as time of year.

For future reference, if you see something by CJ Timeshares that you are 100% sure that you want, you can message the listing agent and ask them to remove it and sell it to you. They have done that for me 3 times.

I thought about asking for the one that you mentioned. I was highest bidder for several days at $5.50. I decided I wanted to play the "if it's meant to be" card. Thus, it wasn't meant to be.

[buzglyd Senior Member Find all posts View Profile Close buzglyd]

For future reference, if you see something by CJ Timeshares that you are 100% sure that you want, you can message the listing agent and ask them to remove it and sell it to you. They have done that for me 3 times.

I thought about asking for the one that you mentioned. I was highest bidder for several days at $5.50. I decided I wanted to play the "if it's meant to be" card. Thus, it wasn't meant to be.

That's exactly the one and I was playing the same card.

I thought about calling CJ when that week 33 popped up. I'm kicking myself that I didn't. It was unit 325. That is prime stuff there.

[VegasBella Member Find all posts View Profile Close VegasBella]

Was that the one in New Orleans? I was watching that one also. I knew it would have that last minute snipe. I honestly thought it would go higher.

Did you bid?
How high did you expect it to go?
We were bummed we lost.

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

Ebay completed listings.

eBay for over a decade has been the bottom of the market, and often by a long shot. That started when the PCC's arrived and started dumping inventory there.

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

Just to clarify, I'm looking at other timeshares, too. So I'm interested in ways to find out market value. I understand virtually everyone wants to keep that information secret but if anyone is willing to share methods of determining actual market value - prices paid for timeshares both new and resale, that'd be great. Eventually, if this industry is going to be seen as legitimate then that information is going to have to become public.



Yes, we went there and talked to them. I can't trust what they say is the market value though because they have an obvious interest in getting a buyer to pay top dollar.

I'm interested in the actual market value (what is sells for, not what it lists for).

.

If you are bidding on eBay, which is the bargain basement of timeshare, then you want to get a handle on the eBay market, and their closed auctions are a good place to do that.

If you are buying on the broader market, it is good to get comps outside of eBay which tend to be higher. How easy it is to find those varies. County registers of deeds often show a price, but often the deed recites something like ''ten dollars and other good and valuable consideration'' which is not helpful on price. Tax stamps often are subject to people inflating values as in many states it is not illegal to put too many, only to put too few. Often the lack of useful indexing also makes it hard to pull out the timeshare resorts you want.

It is worth a try, however, to see what you come up with. On the NC Outer Banks, for example, there is a local land transfer tax, in addition to the state tax stamps, and buyers are required to submit a sworn affidavit with exactly how much they paid, so the prices tend to be reliable (a false affidavit is perjury which is a felony). Unlike the register of deeds index, the land transfer office's online pages are broken down by township, so it is not that difficult to isolate the timeshare sales by resort. Thus the public records on the Outer Banks give good insight into timeshare prices on the broader market. eBay sales are but a tiny fraction of the overall timeshare market.

[FreeIn2010 Member Find all posts View Profile Close FreeIn2010]

I was just an observer. Since it's a Mardi Gras week, I expected it to top $5k.

Did you bid?
How high did you expect it to go?
We were bummed we lost.

[VegasBella Member Find all posts View Profile Close VegasBella]

I was just an observer. Since it's a Mardi Gras week, I expected it to top $5k.

Yeah, it could have. I think it was "worth" it and I wouldn't say that anyone who paid $5k overpaid. But clearly there aren't very many buyers right now.
That said, if that had been my TS the company was reselling for me I'd have hoped they tried other methods before going to eBay unless time was an issue and they wanted it gone quickly.

[Presley Senior Member Find all posts View Profile Close Presley]

That said, if that had been my TS the company was reselling for me I'd have hoped they tried other methods before going to eBay unless time was an issue and they wanted it gone quickly.

Most of the Timeshares on Ebay are there because the owner paid thousands of dollars to a company to get rid of it for them. Those companies have made their money and when they put them up on Ebay, they don't care what they sell for because they've already been paid. The TS owner gets nothing out of the sale. They pay to get rid of the TS.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

http://sandiego.craigslist.org/nsd/reo/3657950017.html

http://sandiego.craigslist.org/nsd/reo/3659672960.html