Holiday Inn Club Vacations Piney Shores

You can sell your Holiday Inn Club Piney Shores timeshare in a few ways. You can try using your own promotional channels, use an advertising company or use a timeshare resale broker. In all cases, your timeshare would be promoted on the secondary market where buyers are looking for deals. Keep that in mind since you will need to price your timeshare to sell to be attractive to those buyers.

If you decide to sell it yourself, you could try using social media or contact friends and family. You could also try traditional outlets such as newspapers or magazines to promote your timeshare. In any case, ask yourself whether buyers are looking in those places for a timeshare. If the answer is no, which it would be in the vast majority of cases, then you will want to look for other options.

Consumers look for timeshare resales the same way they buy other products, by researching and making purchases online. Studies show that 94 percent of all travel products are booked after conducting online research, so you will want to be online to get in front of those consumers.

One way is to use the services of an online advertising company specializing in timeshare resales. These companies use targeted search engine marketing to draw in consumers looking specifically for timeshares. With these companies, you will have an account with a page to advertise your unit and include the details that made you want to purchase your unit in the first place. You’ll be leveraging the online marketing tactics of the company to give yourself the best chance to sell your Piney Shores timeshare. The cost would be the price of the advertising, which means you would keep all of the proceeds of the sale.

Another way is to use a timeshare resale broker. They operate like a traditional real estate company but specialize in timeshares with licensed agents working to find buyers for sellers. They handle the negotiation, but this is the more expensive option since the costs are as much as $1,500 or 15 percent of the sale price, whichever is greater.

Yes, Holiday Inn Club Vacations is a form of timeshare regardless of how the product is presented, whether they call it a vacation club, vacation ownership or timeshare. It is all essentially the same, because the basics are that a buyer purchases vacation time to vacation in a unit within a resort and shares the costs of that resort with other owners.

For a traditional timeshare, which many owners within Holiday Inn still own, this is usually in the form of a deeded week at a particular resort. Holiday Inn Club Vacations has since created a points program where owners can purchase points to overlay over their week and use those points to vacation in other resorts within the network. HICV has also established a pure points program where owners can buy points to travel within the network without the need to buy a deeded week.

Whichever program is purchased, the owner is still buying into the system to vacation in a Holiday Inn timeshare resort and paying ongoing annual fees.

Because of the various timeshare products on offer from Holiday Inn Club Vacations, whether deeded weeks or points products, it is difficult to assess an overall average for the cost of a Holiday Inn timeshare. Holiday Inn does mention on its website an average cost of $15,870 for a package of 75,000 points, but they admit this will only get you a week of vacation during off-peak seasons at 12 of its 28 resorts within its network.

The national average for the cost of a week of a timeshare is just under $23,000 according to the American Resort Development Association. This gives you a better idea of the cost but remember that these are prices for “new” timeshares bought through the resorts. Resale costs are a much different story.

A Holiday Inn timeshare can cost 50-60 percent less on the resale market due to the markups included in the resort prices. Marketing costs and sales commissions are baked into the resort prices, with those costs recouped from buyers as part of the sales prices. For timeshare resales, those overheads don’t exist because buyers are negotiating directly with existing owners looking to sell a timeshare.

Our Holiday Inn Piney Shores timeshares for sale have two-bedroom timeshares on offer for as little as $5,200, which also equates to 120,000 points within the Holiday Inn Club Vacations network. Compare that to the figures mentioned above and you can see the great value available for timeshares on the resale market.

This would be handled like any other financial obligation, and with potential consequences for the owner. Timeshares operate under contractual obligations for the owner, so if they decide to stop paying their timeshare fees the timeshare operator can respond by trying to collect the debt.

There are basically two types of payments owners make on their timeshare – the mortgage and annual fees. Mortgage loans are usually taken out at the resort when the timeshare is purchased, but these loans are almost always sold by the resort to a third-party lender which manages and collects on the loan. It is considered an unsecured loan, so it operates similar to a credit card. If an owner stops paying, the lender can refer it to a debt collector and pursue legal avenues to collect the money, all the while reporting the case to the major credit bureaus, leading to falling credit scores.

For the annual fees, this could be maintenance fees or annual dues in connection with timeshares or points programs. Owners pay to the timeshare developer, resort or management company, so if they stop paying for their timeshare the entity will contact the owner looking for the fees. Customer service outreach then leads to a referral to a collection agency. If the account it still not paid up, the company can foreclose to get the timeshare back. In this process, the credit bureaus can be informed at each step of the process, with the owner taking hits to their credit score.

This is usually a last resort option for owners looking to get out of their timeshare, so if you are at this point please contact us at 800-640-6886 so we can help you sell your timeshare before you get to this point.

Canceling a timeshare purchase can take place during the recission period following the initial purchase. Usually a time frame between 3-10 days after the purchase, owners contact the resort to cancel their purchase. The process and the time frame are guided by state law in the state where the timeshare was purchased, and the request would need to be in writing. The owner’s purchase agreement will spell out what needs to be done, so refer to your documents and follow the steps exactly if you want to cancel, since the resort will use whatever technicality it can to keep you in the purchase.

Holiday Inn Club Vacations has a program called Horizons which is designed for owners looking to relinquish their ownership. The program is primarily set up for long-term owners without mortgages and who are paid up on their annual fees. HICV handles requests on a case-by-case basis, with no guarantees that owners will be able to cancel. Even if they can, there is no compensation to the owner.

Owners looking to get out of their timeshares and trying to get some money back for them should sell on the resale market to at least get some compensation for it. Give us a call at 800-640-6886 to find out how.