Investment value is more of a financial perspective on timeshare investments and makes sense only from the developer s or reseller s perspective. For timeshares, the economic value is measured by the average enjoyment value or rental value as measured in dollar terms of the timeshare interest less annual maintenance fees and other exchange costs discounted annually to present value. This is a very simplistic example but provides a general summary as to how the income approach is applied in real estate valuation. I have a more complex excel spreadsheet with examples that can be requested via e-mail. The average resale price generally determines the fair market value for the interest.
MLS claims to be an appraisal referral company for the timeshare industry.
SAB refers potential customers to MLS for appraisal recommendations and referrals. Not one of these three companies has an established credit history or appears to be a long-standing company. Both SAB and RIT were confirmed to be under investigation since May 1999 in Florida when I contacted a representative of Florida s Bureau of Timeshares in June 1999. SAB then reportedly moved from Florida to the Bahamas. RIT has a formal complaint against it in the state of Florida as of June 1999.