Timeshares are great for people who plan to take yearly vacations and want large accommodations with fabulous amenities. However, vacation ownership doesn’t fit everyone’s lifestyle. No matter why you want to let go of your Hyatt Vacation Club timeshare, we understand. Whatever the reason may be, there is a solution. In this blog, we will walk you through how to sell Hyatt Points and some scams to be aware of.
About Hyatt Vacation Club
Hyatt Vacation Club, formerly Hyatt Residence Club, is one of the top vacation clubs out there. With 16 plus resorts in the best destinations, owners love to travel back to their favorite Hyatt properties every year. Guests love Hyatt resorts because from the second they check in they have access to restaurants, fun amenities, and spacious accommodations. Not to mention, Hyatt uses a flexible points-based system that offers guests even greater vacation freedom.
Exchange with Interval International
Before you sell Hyatt points, consider how you are using your timeshare to its fullest. Have you used your points to travel to all of the timeshares within Hyatt’s portfolio? Some favorites amongst point owners include the Ka’anapali Beach Resort in Maui, or Windward Pointe in Key West.
Furthermore, Hyatt Vacation Club is affiliated with Interval International, a leading vacation exchange company. With Interval International, timeshare owners can sign up and exchange their points or weeks for thousands of destinations around the world. Not to mention, membership comes complete with other perks like last-minute getaways, discounts on airfare, and more.
Timeshare Resale Scams to Avoid When Selling Hyatt Points
When you’re ready to sell your points, make sure you are knowledgeable on all of the timeshare resale scams to avoid. There are many legitimate timeshare resale companies out there that can successfully help you. Here are a few warning signs of the not-so-legitimate ones.
“Stop Paying Timeshare Maintenance Fees”
There are some timeshare cancellation attorneys or exit companies out there that advise their clients to stop paying their timeshare maintenance fees. They paint a poor picture of timeshares and tell owners they were scammed and they should stop paying their dues immediately.
Unfortunately, this has led many owners to default on their ownership. A foreclosure will negatively impact your credit score, so you should never stop paying your annual fees. These are legally binding and cannot be ignored. When you’re ready to get rid of your Hyatt Vacation Club points, make sure to keep up with paying all of your annual dues.
Read more: What Happens When You Don’t Pay Timeshare Maintenance Fees?
Can You Cancel Your Timeshare?
As we mentioned previously, there are timeshare cancellation attorneys out there that guarantee you can cancel your timeshare. This is extremely misleading and illegal. Unless you are within your timeshare rescission period (normally a few days to a week), you cannot simply cancel your timeshare contract. This is something to keep in mind when you consider selling your Hyatt points.
A timeshare is a deeded piece of real estate that cannot be canceled, just like you can’t cancel the mortgage on your home.
High Upfront Fees When Selling Hyatt Points
There are some timeshare resale companies that offer to advertise your vacation ownership for sale. They will ask for a nominal “advertising” fee for their marketing efforts, and many sellers can find success with these businesses. However, anyone who asks for thousands of dollars up-front, even with a “money-back guarantee” should not be trusted. You should never pay thousands of dollars up-front to sell your Hyatt Vacation Club points.
Out of the Blue Buyers
Did you know that it is illegal for any timeshare resale businesses to reach out to you unsolicited? If someone calls you out of the blue with a “buyer” for your contract, hang up. They may ask you to wire funds for closing costs, and it’s likely that the offer is too good to be true. Unfortunately, timeshares do not appreciate in price or value, so it is very rare that you will sell your Hyatt Vacation Club points for the same price you paid. It’s also worth repeating, you should never pay thousands of dollars up-front to sell your timeshare.
There are safe ways to get out of your timeshare. If you want to sell on the resale market check out our video, “How to Sell a Timeshare Without Upfront Fees.“
Will Hyatt Take Back My Timeshare?
We always recommend that you contact your developer first before you sell your Hyatt Vacation Club points. Hyatt Residence Club may be able to guide you to a trusted resale company or have a program in place to assist owners. As members of ARDA, Hyatt wants what’s best for their owners, even if it means that you will no longer be part of the club.
Who is ARDA?
ARDA, also known as the American Resort Development Association, is the face of vacation ownership. They are the trade association for the entire industry, with more than 500 businesses and 5,000+ individual members. ARDA members follow a strict code of business ethics to serve owners, buyers, and even sellers. If you decide to sell your Hyatt Vacation Club points, make sure that any company you go with is a member of ARDA.
The Coalition for Responsible Exit
The Coalition for Responsible Exit was created to inform owners where and how to responsibly exit their vacation ownership. If you are thinking about selling your Hyatt points, check ResponsibleExit.com for resources and a trustworthy business to help you.
How Much Are My Hyatt Points Worth?
When trying to determine how much you will make when selling your timeshare points, it is important to keep your expectations low because you might not redeem as much money as you spent on your initial purchase. Similar to other luxury products like cars, people normally don’t make the same amount back. We always recommend pricing your timeshare competitively. You can browse our Hyatt timeshares for sale and see what other people with similar contracts are pricing their points for. You can see the price they are charging per point and how much the total contract price. If you decide to sell with us, we can also do the research for you so you can best price your Hyatt Residence Club points.
Read more: Best Way to Sell a Timeshare: Tips from Timeshare Resale Experts.
How to Sell Hyatt Points with Fidelity Real Estate
When you are ready to sell your Hyatt points, we are here to help. Call us today at 407-465-5188 for a free consultation. We will go over your unique situation at no obligation to you. Our Licensed Real Estate Agents are timeshare resale experts with more than 20 years of experience in the industry. In addition, we have an A+ rating from the Better Business Bureau.
With no up-front fees, we will list your ownership for sale on our online marketplace. You set the full sale price, and you determine which offer you will accept. We’ll let you know as soon as we get an offer on your Hyatt points and handle negotiations. Once an offer is accepted, your agent will write up the contracts to be signed and navigate the Right of First Refusal. Finally, we can recommend a trusted title insurance company to finalize the sale and transfer the ownership out of your name.
Get started today by calling us at 407-465-5188 or filling out an online form.
