Resale Prices on Redweek

We own a timeshare at Mystic Dunes and would like to sell it. The prices people are asking on Redweek are ridiculously low! A 2 bedroom unit just sold for $799! How on earth can we even get close to getting a fair price for our unit when so many are practically giving their units away? Is the timeshare resale market that pathetic? And is this all we can ever expect from a resale? If so I caution new buyers to think long and hard - you had better plan on keeping it forever as you will never get back anywhere near what you invested.

Yes many timeshares are selling for very low prices these days and since you have been a owner for a while you already knew the answer! Many lower tier resorts can't be given away for free.

There are resorts that sell but even those sell for much less than owners paid. Buying a timeshare has never been a good investment money wise. The investment is in having a resort your family likes and wants to use or exchange for many years and not at any point in selling for a profit.

PHILL12

maryellens3 wrote:

We own a timeshare at Mystic Dunes and would like to sell it. The prices people are asking on Redweek are ridiculously low! A 2 bedroom unit just sold for $799!

Many timeshare consumers have come to (correctly) believe that "resale" is the only way to go. Accordingly, the market value TODAY is quite simply what the product will command TODAY in the open resale market. The original developer selling price is quite simply of no interest or meaning at all to any buyer in the resale market.

Timeshare is (...and always was) a VERY poor "investment" from a purely financial / monetary perspective. Like a new car, which might immediately depreciate by 25% upon leaving the car dealer's lot, many timeshares immediately become "worth" only 5-10% (or even less) of the inflated developer price, once offered in the resale marketplace. As Phil has correctly stated above already, the "investment" value of a timeshare is not monetary (and never was), despite any lies and misrepresentations to the contrary expressed by lying developer sales weasels. Timeshares certainly do not increase in monetary value; the only true "investment" value of a timeshare is basically just pre-arranged access to vacation lodging and facilities and (to some people) the ability to "exchange" their week --- and little else.

ken1193 wrote:

maryellens3 wrote:

We own a timeshare at Mystic Dunes and would like to sell it. The prices people are asking on Redweek are ridiculously low! A 2 bedroom unit just sold for $799!

The price originally paid to a developer, regardless of the resort, has no bearing or relevance regarding current resale market value.

Many timeshare consumers have come to (correctly) believe that "resale" is the only way to go. Accordingly, the market value TODAY is quite simply what the product will command TODAY in the open resale market. The original developer selling price is quite simply of no interest or meaning at all to any buyer in the resale market.

Timeshare is (...and always was) a VERY poor "investment" from a purely financial / monetary perspective. Like a new car, which might immediately depreciate by 25% upon leaving the car dealer's lot, many timeshares immediately become "worth" only 5-10% (or even less) of the inflated developer price, once offered in the resale marketplace. As Phil has correctly stated above already, the "investment" value of a timeshare is not monetary (and never was), despite any lies and misrepresentations to the contrary expressed by lying developer sales weasels. Timeshares certainly do not increase in monetary value; the only true "investment" value of a timeshare is basically just pre-arranged access to vacation lodging and facilities and (to some people) the ability to "exchange" their week --- and little else.