Comments on: Don’t pay for a timeshare appraisal! http://www.thetimeshareauthority.com/2005/06/08/dont-pay-for-a-timeshare-appraisal/ The Timeshare Authority has the latest in timeshare news and info. Fascinating, entertaining and useful information about timeshares. Wed, 20 Aug 2008 11:53:16 +0000 http://wordpress.org/?v=2.6.1 By: Jason Tremblay http://www.thetimeshareauthority.com/2005/06/08/dont-pay-for-a-timeshare-appraisal/#comment-2 Jason Tremblay Fri, 15 Jun 2007 04:31:25 +0000 http://192.168.5.88/kagi/wordpress/?p=10#comment-2 Hi Ron, thanks for your comment. This situation may be an exception to this general "rule". When I wrote this post back in '05, I was thinking more about how timeshare companies will charge an "appraisal fee" which is simply unnecessary when selling a timeshare on the resale market. However your situation may be very different because it is likely to involve taxation issues. I'm thinking this is similar to claiming a timeshare donation as a tax write-off, in that an appraisal should be obtained in both cases. Make sure that whoever appraises the property also knows that there is a huge difference between buying a resale vs. buying a new unit from a resort. It could mean a difference of many thousands of dollars. Just looking at Google (http://www.google.com/search?q=timeshare+appraisal+estate) it seems like the laws vary greatly from place to place. I recommend speaking to an attorney with a strong real estate background. Wouldn't hurt if he knew a thing or two about timeshares too. I hope this helps, and I wish you the best of luck with your situation. -Jason Hi Ron, thanks for your comment.

This situation may be an exception to this general “rule”. When I wrote this post back in ‘05, I was thinking more about how timeshare companies will charge an “appraisal fee” which is simply unnecessary when selling a timeshare on the resale market.

However your situation may be very different because it is likely to involve taxation issues. I’m thinking this is similar to claiming a timeshare donation as a tax write-off, in that an appraisal should be obtained in both cases. Make sure that whoever appraises the property also knows that there is a huge difference between buying a resale vs. buying a new unit from a resort. It could mean a difference of many thousands of dollars.

Just looking at Google (http://www.google.com/search?q=timeshare+appraisal+estate) it seems like the laws vary greatly from place to place. I recommend speaking to an attorney with a strong real estate background. Wouldn’t hurt if he knew a thing or two about timeshares too.

I hope this helps, and I wish you the best of luck with your situation.

-Jason

]]> By: Ron Smith http://www.thetimeshareauthority.com/2005/06/08/dont-pay-for-a-timeshare-appraisal/#comment-3 Ron Smith Sat, 02 Jun 2007 00:32:13 +0000 http://192.168.5.88/kagi/wordpress/?p=10#comment-3 I have an estate to settle and a timeshare is involved ampng other real property. I am required to provide an appraisal on all property. Just how do I obtain the value of the timeshare if appraisals should not be paid for? Please help. Ron I have an estate to settle and a timeshare is involved ampng other real property. I am required to provide an appraisal on all property. Just how do I obtain the value of the timeshare if appraisals should not be paid for? Please help.

Ron

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