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Valuing Timeshares Requires Special Care: The Appraisal Journal

July 9, 2019 08:00 AM

CHICAGO (July 9, 2019) – Special care must be taken to understand the timeshare interest and the competitive market in which that interest would sell, according to an article published this week in The Appraisal Journal that explores key issues facing appraisers when valuing timeshares.

The Appraisal Journal is the quarterly technical and academic publication of the Appraisal Institute, the nation’s largest professional association of real estate appraisers. The materials presented in the publication represent the opinions and views of the authors and not necessarily those of the Appraisal Institute.

“Timeshares, Market Value, and the Real Estate Appraisal Process,” by Richard J. Roddewig, MAI, and Charles T. Brigden, MAI, explores key issues in timeshare appraising, including the need to identify the nature of the timeshare interest being appraised and its marketplace, and finding reliable sources of data when closed sale prices are not readily available.

The authors emphasize that timeshares are sold in two distinct marketplaces – a primary marketplace involving resort developers and a secondary marketplace involving individual resale of timeshares. The article explains how and why each marketplace commands significantly different sale prices. Appraisers need to be especially aware of these issues when valuing donations of difficult-to-sell timeshare interests, the authors write.

Read “Timeshares, Market Value, and the Real Estate Appraisal Process” in the Spring 2019 issue of The Appraisal Journal.

Also in The Appraisal Journal’s Spring 2019 issue:

“Effective Bank Valuation Programs – An Examiner’s Perspective,” by Richard G. Rawson, MAI, provides insight as to what examiners expect of financial institutions in conducting safe and sound valuation practices under current regulations and guidelines, as dictated by the Economic Growth and Regulatory Paperwork Reduction Act.

“An Analysis of Partial Takings and Contributory Value in the Context of Various Court Decisions,” by Tony Sevelka, MAI, SRA, AI-GRS, addresses condemnation and expropriation of real estate, the tests required to establish the existence of a partial taking and the methods of calculating the contributory value of land taken when it is impossible or not practical to assign market value directly to the portion of land taken.



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The Appraisal Institute is a global professional association of real estate appraisers, with nearly 18,000 professionals in almost 50 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS and AI-RRS designations. Learn more at




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