Why are timeshare resales so cheap?

Timeshare resales are cheap compared to the retail price of a timeshare at a resort mainly because of the costs associated with selling a new timeshare at the resorts. Similar to the way cars are sold at a dealership, resorts spend a large amount of money to bring people to their resorts in order to sell timeshares.



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It's not just about investing well, it's about avoiding the financial mistakes that undermine so many well-meaning, but misguided people. One of these mistakes is getting caught in the timeshare trap. While timeshares may seem attractive at the outset, over time they can become real wealth traps.

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The good news is that, yes, it is possible for timeshare owners to sell their timeshare in an easy and legit way. Keep reading to learn answers to all your questions about selling your timeshare.

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Vacation rentals Vacation rentals are considered preferable alternatives to timeshares because they give greater flexibility in where and when you can vacation.

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A recent survey from the International Society of Hospitality Consultants, brought to our attention by Bisnow, suggests that “the appeal of timeshares are diminishing due to the availability of home-sharing services.”

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According to the U.S. Shared Vacation Ownership Consolidated Owners Report, 2018 Ed., more than five in six owners (85%) rated their overall ownership experience as excellent/very good/good.

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People buy timeshares because the average cost is almost nominal in comparison to a lifetime of vacations. At most timeshare presentations, a sales representative will show you approximately how much you'll spend over your lifetime on travel.

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The unique concept relies on shared 'ownership' of a particular property or resort stay, allowing all involved their own periods of vacation time every year. But while the timeshare market grew steadily over the decades, recent years have seen a noticeable decline.

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Unfortunately, though, it's easy enough to outgrow your timeshare after a period of time. In fact, Dave Ramsey says that 85% of timeshare owners end up regretting their decision. If that's the boat you've landed in, don't stress.

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Often, your heirs can inherit your timeshare when you pass away. But they can also inherit the timeshare ownership fees! If your family loves your time ownership property and wants to continue to visit it – and pay the associated fees – your timeshare should be part of your estate plan.

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The average price for a timeshare purchase is about $20,000 and the median income of timeshare members is about $73,000.

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Today, over half of timeshare owners are Gen Z and millennials and the average age of a timeshare owner is 39, according to a 2022 report by the American Resort Development Association.

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