Timeshare sales turnover rate
Timeshares do not have any value on the timeshare resale market and the prices are so low and this happens because the supply exceeds the demand. There is no “hot” market for timeshares, like timeshare resale companies expose. Try to sell a timeshare is just a waste of money and time. In most timeshare sale situations, you will receive a Form 1099, reporting the gross proceeds of the sale. The gross sales proceeds are usually equal to your selling price before reduction for any sales commission and other closing expenses. The sale must be reported on your tax return even if you do not receive a Form 1099.