Expert Advice When You Need It Most

Douglas E. Wheeler's Answers

Douglas E. Wheeler
Seattle Real Estate Attorney.
Contributor Level 5

2

Attorney answers:

  1. Perry A Warbrick
  2. Douglas E. Wheeler

Help! I need to assest the value of my Trendwest Timeshare for my Divorce

Asked by a user in Seattle, WA - almost 3 years ago.

The resale value of a timeshare is often significantly less than the original retail selling price. For a points-based timeshare, between 40% and 60% of the original sale price is often attributed to marketing and overhead. In other words, a "used" timeshare is often worth only about half of the original cost. However, the value of a timeshare will also depend on the resort, and you can try to research the value of your timeshare on the Internet. In addition to eBay, there are reputable...

2

Attorney answers:

  1. Pamela Koslyn
  2. Douglas E. Wheeler

How can I break a timeshare contract which is (a) not being honored in its entirety and (b) was signed in Mexico?

Asked by a user in Oxford, AL - almost 3 years ago.

If you purchased the timeshare in Mexico, you can try contacting the Mexican consumer protection agency, PROFECO. Information about PROFECO is available on the Internet at http://www.profeco.gob.mx.

1

Attorney answers:

  1. Douglas E. Wheeler

Can I sell my timeshare if I have "right -to-use" and not a deed to the property? The timeshare has been paid in full.

Asked by a user in Rockledge, FL - almost 3 years ago.

Any restrictions on sale of your timeshare (whether deeded or right to use) would be stated in the governing documents for the timeshare company or resort. Generally, a complete restriction on resale would not be enforceable since it would constitute a “restraint on alienation,” which is against the strong public policy in favor of the right to freely sell property. It is possible, however, that the governing documents contain restrictions that do not completely prohibit a sale, but set up...