Some timeshare developers, instead of selling a one-week increment, sell points that relate to an amount of time that can be spent during a given time of year, in a given resort.
Points based timeshare ownership is so popular that it is changing the face and and thinking of the timeshare developers and timeshare exchange companies.
Points system timeshares are popular for two main reasons:
1. Points are normally associated with the larger timeshare developers, and unlike traditional timeshare, the points can be used not only in one home resort but in many resorts in the developer's entire system. It's kinda like owning in all the resorts at once.
2. Points-based timeshare gives owners more flexibility as to how the time can be used - a week can be split into several 2 or 3-day increments, for example.
Some point systems are fee simple (deeded forever), and some are not.
Points are sold according to either annual or biennial (every other year) use.
Annual-use point owners get the same number of points renewed every year, to spend in any of the resorts in that resort system.
Biennial-use points owners can use their points only every other year, typically either on the even-numbered years or the odd-numbered years.
There is a point chart for each resort showing how many points is required for a night's stay in a given size of unit, during a given day of the week, during a given time of year.
As would be expected, it expends more points to stay during the peak demand times of the year than in the non-peak times.
Thus, you can stay longer if you choose to use your points to stay during the lower demand times of the year, and conversely, the same number of points would equate to a shorter stay if you used the same number of points to stay during the peak demand times of the year, such as holidays.
The amount of time that can be used each year depends on the number of points owned, and so does the amount of the annual maintenance fee. The more points owned, the longer the right to stay, and the higher the maintenance fee.
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All information presented is deemed accurate but cannot be guaranteed until all official resort and owner documents are reviewed. The information on this site is provided by individual property owners, marketing and ad agencies or owners associations through the Timeshare Resale Division of: Andrew Hunter Real Estate licensed Real Estate Brokerage # RB046454-L Suite #8 Merchants Plaza, Tannersville, PA 18372 USA Andrew D. Hunter, Broker, Mark L. Nayman, Associate Broker # AB 065991
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