Yes, you can sell your Club Wyndham timeshare points, as owners continue to put up their Wyndham points for sale on the resale market. Wyndham actually encourages owners to use the resale market as a way to get some money back for their points and transition an owner looking to sell into a new owner.

Wyndham does not have an in-house resale program, so there are two ways you can sell Wyndham points, either selling them yourself using a timeshare advertising company or using a timeshare broker. An advertising company will provide you with an online ad where you can use photos, add important details and negotiate the sale yourself. Once a deal is done, you would use the services of a closing company, which will complete the transfer and send the proceeds to you. In this scenario, you would keep all of the money since you won’t have to pay commissions to sales agents. All you need to do is to pay an advertising fee like you would using any type of online advertising service.

The services of a timeshare broker allow you to hire an agent to sell your timeshare on your behalf. They would negotiate the sale for you and present offers, then turn your sale over to the closing company once a deal is complete. The only drawback is that brokers typically charge 15% of the sale price or $1,500, whichever is greater, so this can be a much more expensive way to sell.

You could also try using social media or traditional outlets such as newspapers or magazines, but ask yourself where buyers would look for timeshares? Just like anything else in our internet-dominated society, research always begins with an online search. This is why you want to use timeshare-specific companies that invest in search engine marketing to attract buyers to their sellers.

Wyndham has a program called Wyndham Cares which was created from the Ovation program as a customer service tool so Wyndham could listen to owners looking to transition out of their ownership. This program is tailored to owners looking to give back or exit from their ownership rather than selling their timeshare. Owners looking to sell are directed to featured resellers, as they no longer include an official program in their contracts where you can sell your timeshare back to Wyndham.

Club Wyndham Access is a pure-points club program where owners purchase an amount of points to use within the Wyndham timeshare resort network. As a non-deeded product, these owners are able to use their Club Wyndham Access points to stay in various resorts in the Club Wyndham network. There are no home resort restrictions and owners get an advanced reservation priority booking window from 13 to 10 months prior to their vacation dates across multiple resorts in the network.

The points operate like a type of vacation currency and are used to book a reservation through the Wyndham system in a resort within the network. Different resorts require different amounts of points to book a stay, depending on the resort, the size of unit requested and the season/week requested for the vacation.

For example, a two-bedroom unit at Wyndham Bonnet Creek in Orlando in January would require 189,000 points to stay, whereas a two-bedroom unit at Wyndham Park City in January would need 308,000 points because it is ski season. This is why assessing your vacation needs is important when looking at buying Wyndham points.

Similar to timeshares, Club Wyndham Access points incur annual fees that go toward resort maintenance, insurance, taxes and associated costs involved with operating the resorts. Fees are calculated based on the number of points owned.

Assessing the worth of Wyndham timeshare points depends on where the points were originally purchased, as buying at the resort costs significantly more than buying on the resale market.

Points can be purchased as a “new” sale at Wyndham sales centers for between 19-22 cents per point, depending on the agreed sale price. As you probably know by now, prices at the resorts tend to fluctuate depending on the skills of the salesperson and the resistance of the buyer to work the deal.

On the resale market, those prices come down considerably because the purchase is between an existing owner and a resale buyer. Resale prices can be as much as 60-70 percent lower than resort prices because of the marketing costs and sales commissions included in the resort prices. Those costs don’t exist on the resale market.

You can find sellers advertising their Wyndham points for sale on the resale market from roughly 8 cents to 13 cents per point. Some are selling for even less but it really depends on how many points are in the package, the amount of points you are looking for and the overall cost of those points to determine what it is worth to the buyer.

Owners who stop paying their Wyndham timeshare fees run the risk of foreclosure on their timeshare ownership and a big hit on their credit report.

Payments are usually made in a couple of ways, and with potentially different consequences. If you are asking about not paying on a mortgage on your Wyndham timeshare, that could be viewed as defaulting on a loan. Chances are your mortgage is structured as a type of unsecured loan, similar to a credit card account, so stop paying that loan and the lender could use all means at their disposal to attempt to get the money.

If you are wondering about not paying your annual fees, that is an agreement between you and Wyndham. Usually, Wyndham will reach out to you to see what the underlying causes are and if they can work with you to keep your account in good standing. Continued non-payment could then lead to the involvement of a collection agency and, eventually, foreclosure as Wyndham seeks to gain back the timeshare.

In both instances, the process could be reported to the major credit bureaus and impact your credit score. The longer the process goes on and the more involved it becomes, the more significant the impact on your score.

If you are thinking about not paying your Wyndham timeshare, give us a call first so we can take you through the steps necessary to sell your timeshare. At the very least, contact Wyndham to see if they can help.