Selling Timeshare Weeks vs Points: Is There A Difference?

When it comes to the world of timeshare resales, one of the most common questions is whether there is a difference between selling timeshare weeks and selling timeshare points. While they may appear similar at first glance, there are key differences that can greatly impact the way owners sell their vacation time.

Understanding the specifics of the two types of ownership is a start, so let's compare these two systems to understand the differences between selling timeshare weeks versus points.

Differences Between Timeshare Weeks and Timeshare Points

Timeshare Weeks

A timeshare week is defined as a week of vacation time during the year in which a timeshare owner has the right to use a particular unit at a resort. This can be a fixed week where the owner has access to the same week every year or a floating week where the owner can choose from available weeks within a particular season.

Pros

Simplicity: The ownership is straightforward, making it easier for owners to plan their vacations.

Fixed Availability: For fixed weeks, owners know exactly when they can access their property, often in the same unit, providing certainty. Especially during high demand seasons such as July beach weeks on Cape Cod or January ski weeks in Breckridge.

Cons

Lack of Flexibility: Week-based timeshares can be very limiting if plans change, especially with fixed weeks.

Limited Locations: The week usually applies to one specific location, limiting travel variety.

Additional Insights into Timeshare Weeks

Resale Value: The resale value of a fixed week might be easier to assess, as it's tied to a specific week and location. Floating weeks may offer slightly more flexibility but might be harder to value due to their variable nature.

Exchange Programs: Timeshare week programs may provide exchange options, allowing owners to trade weeks with other owners. However, this is usually through a third-party platform and comes with additional costs.

Timeshare Points

A timeshare points system is more accommodating and allows owners to purchase points that can be used for various accommodations within a network of resorts. These points can be used to book units for different lengths of stay, locations, unit sizes, and even travel during different seasons.

Pros

Flexibility: Points provide much more freedom to travel to a variety of locations, allowing owners to tailor their vacation experience.

Versatility: Points can sometimes be used toward other travel-related products, like car rentals or cruises.

Potential for Multiple Stays: If used wisely, points can allow owners to book multiple shorter trips during the year.

Cons

Complexity: Using the point system can be unclear, with various rules and restrictions.

Expiration: In most cases, unused points expire at the end of the usage year, leading to a potential loss of value if they are not banked at the appropriate time into the next use year.

Additional Insights into Timeshare Points

Point Management: Managing points requires careful advance planning. Some owners may find it challenging to use the number of points needed for various vacations, especially when dealing with a complex system of peak and off-peak times and different resort tiers.

Affiliated Networks: The value of points can be greatly impacted by the network of resorts affiliated with the point system. Some networks offer a wide variety of options, while others may be more limited.

Difference Between Selling Timeshare Weeks vs Points

When it comes to selling timeshare weeks versus points, several differences can influence an owner's decision:

• Market Demand: Weeks during popular seasons or at popular locations may be easier to sell, whereas points can be tougher to gauge because of a broader range of use.
• Pricing: Pricing can be more straightforward to assess with weeks, while the value of points might vary based on the particular club resort network (such as Marriott Vacation Club), total number of points, and varying per point resale prices.
• Transparency: Selling weeks can be more transparent because they are tied to specific times and places. Points may require more explanation due to their complex nature.
• Legal and Contractual Considerations: Both options have unique legalities and contracts, but selling timeshare points can be an easier process if they are not deeded and held in Trust. It is important to work with a reputable reseller to navigate these aspects.

Comparative Factors When Selling

Market Trends

Understanding market trends is important when looking to sell timeshare weeks or points. Seasonal fluctuations, popular travel destinations, and economic conditions can all impact the sale.

Negotiation

Negotiation processes can differ between the two types of ownership. Selling a fixed week may involve straightforward negotiations based on the week's anticipated value and can be compared to previous sales at that resort if the ownership is deeded and recorded at the local government level. Points can involve more complex discussions due to variations in how they can be used and the specific club which issues the points.

Potential Buyers

The target market for weeks can be more regional for vacationers who prefer a specific location or predictability in their vacation planning. Points can attract a broader group of buyers looking for versatility in their travel experiences.

Professional Assistance

Working with a professional timeshare reseller who understands both weeks and points can greatly help with the selling process. Agents with brokers such as our sister company, Timeshare Broker Associates, can assist with legal, contractual, and marketing aspects to ensure a smooth sale. Using the SellaTimeshare.com platform provides benefits from our online marketing efforts as well as provides access to professional TBA agents.

Points to Consider for Specific Types of Ownership

• Fixed Weeks: If you're selling a fixed week, be clear about the exact week number owned and the number of bedrooms and bathrooms.
• Floating Weeks: For floating weeks, provide specifics about the season of ownership as well as the unit configuration, if applicable.
• Points: Clearly outline the program or resort they are affiliated with, the annual allotment of points, and any expiration date.

Preparing to Sell Your Timeshare or Timeshare Points

• Determine Value: Explore the current market value of your timeshare week or the value of your points based on the resort, location, demand, and other factors. Use our free market analysis calculator to get an average asking price from the owners advertising on our platform.
• Gather Documentation: Compile all relevant documents such as contracts, maintenance fee records, and other essential paperwork.
• Understand Resale Policies: Familiarize yourself with the regulations concerning timeshare sales for your resort or club, such as right-of-first-refusal policies. This is where professional help can really make a difference.

Choosing the Right Sales Platform

Work with a Reseller: A reputable timeshare reseller such as SellaTimeshare.com specializing in weeks or points can provide professional assistance, from valuation to closing.

Direct Sale: Some owners opt to sell directly to someone they know or via social media. This requires a solid understanding of all the legal and contractual details. However, ask yourself if you would really use this method to purchase a timeshare? If you wouldn’t, chances are neither would a buyer.

Marketing Your Timeshare

Resort Profile: For weeks, choose the correct resort profile, which provides information about location and amenities. For points, choose the correct club profile which emphasizes flexibility, variety, and affiliated networks.

Set a Fair Price: This is the most important aspect of promoting on the resale market. Set a price that is competitive within the market, which you can find by using our free market analysis calculator.

Negotiating and Closing

As we mentioned earlier, owners who choose to use the SellaTimeshare.com platform have access to the licensed agents of Timeshare Broker Associates, our sister company. These agents can:

Review Offers: They will evaluate offers carefully, considering not just the price but also the buyer's readiness and terms. This way you won’t miss an offer since these agents work in the resale space every day.

Contract Preparation: Agents will create a sales contract outlining all terms and conditions as well as collect buyer deposits to place into escrow, thereby securing the commitment.

Closing Process: Coordinate with a legitimate closing company the transfer of funds, legal documents, and any necessary communication with the resort or timeshare company.

Now That You Know The Difference Between Selling Timeshare Weeks vs Points

Selling timeshare weeks or points is influenced by various factors ranging from individual target market preferences to local market dynamics. While timeshare weeks offer simplicity and fixed access, timeshare points offer more flexibility and customization but may come with increased complexity.

When considering selling a timeshare, whether it's weeks or points, it's vital to consult with a professional timeshare reseller to understand the unique intricacies and make an informed decision that aligns with your personal goals and preferences.

Are you ready to begin selling your timeshare week or points? Get started here.