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Time Share - Estimate Of Value

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vargasteve

Junior Member
Joined
Jan 21, 2002
Professional Status
Certified Residential Appraiser
State
California
Please can I get a referral - who or where can a date of death client get an estimate of fair market value for a time share.

Obviously it has a value (or negative value), either way I can't recall being asked for this - please help.

Please and thank you.

Steve
 

Terrel L. Shields

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May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
Trust me, it is generally a negative number outside the rare exception. My cousin's widow is still trying to unload a dogpile in Branson and they won't even take it back keep sending demand letters to her, no one wants it at the annual assessment of $1000 she owes and if she owed zero you'd have to tie a sack of hundreds to it to to get rid of it. Her husband got it the same way, took over assessment. Some puke called "Blue-Green Vacations". They also telemarket via spoofing. I know scum got my number as admin of cousins estate. Got a local call from them today. Turned them into DNC list again. Someone told me they got $200 for theirs...thats rare I bet.
 

JTip

Elite Member
Joined
Oct 12, 2004
Professional Status
Certified Residential Appraiser
State
Pennsylvania
They are a dime a dozen on ebay.

Timeshares are real estate's dirty little STD. Give it to that uncle that was mean to you as a child.
 

timd354

Elite Member
Joined
Jan 11, 2008
Professional Status
Certified Residential Appraiser
State
Maryland
Trust me, it is generally a negative number outside the rare exception. My cousin's widow is still trying to unload a dogpile in Branson and they won't even take it back keep sending demand letters to her, no one wants it at the annual assessment of $1000 she owes and if she owed zero you'd have to tie a sack of hundreds to it to to get rid of it. Her husband got it the same way, took over assessment. Some puke called "Blue-Green Vacations". They also telemarket via spoofing. I know scum got my number as admin of cousins estate. Got a local call from them today. Turned them into DNC list again. Someone told me they got $200 for theirs...thats rare I bet.
I remember a thread sometime back where people argued that a property could not have a negative market value...I would love to hear the argument that some timeshares interests do not have a negative market value.
 

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
I would love to hear the argument that some timeshares interests do not have a negative market value.
Time shares can be real estate but typically are licenses. Because they accrue liabilities (fees) the "value" is determined by demand and fees are often built in by the time the estate can dispose of them. Sites do offer them for sale.

https://timesharespecialists.com/?t...7XVdLbbjvjmCmp2yXQywu1TfO2CuWVjMaAhoZEALw_wcB

http://www.webuyandselltimeshares.c...nQvxj0HI492dqcjtVQLcajc1bni9vSKhRhxoC8BXw_wcB

http://www.licensedtimeshareresalebrokers.org/
 

hastalavista

Elite Member
Joined
May 16, 2005
Professional Status
Certified General Appraiser
State
California
Steve-

Howard Klahr worked on an assignment like that not too long ago. You might want to PM him and he may be able to point you in the right direction.
 

timd354

Elite Member
Joined
Jan 11, 2008
Professional Status
Certified Residential Appraiser
State
Maryland
There are plenty of time share interests that are deeded real property interests, although some timeshare arrangements are licenses. Either way, in many cases these interests are a liability and not an asset.
 

J Grant

Elite Member
Joined
Dec 9, 2003
Professional Status
Certified Residential Appraiser
State
Florida
One can't assume every time share is worthless. Some might be worth something. There may be a timeshare umbrella organization, or perhaps contact a few of the largest time share companies- perhaps they cano refer you to an appraiser who has experience with them.
 

timd354

Elite Member
Joined
Jan 11, 2008
Professional Status
Certified Residential Appraiser
State
Maryland
One can't assume every time share is worthless. Some might be worth something. There may be a timeshare umbrella organization, or perhaps contact a few of the largest time share companies- perhaps they cano refer you to an appraiser who has experience with them.
I don't think anyone assumes that every time share has no value....but clearly there are quite a few that are worthless or very close to it
 

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
The value in use to my cousin was his passion for golf. It was cheaper since he would avail himself of the use several times a year. He shot a couple of his 11 hole in ones at the course.
 
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