Timesharetalk

General Forums => Timeshare News => Topic started by: Newshound on April 17, 2008, 06:39:34

Title: Timeshare Exchange Systems
Post by: Newshound on April 17, 2008, 06:39:34
Trading your timeshare for comparable timeshares is a wonderful way to travel and see the world!

Just because you own a timeshare, doesn't mean that you have to keep going to the same place over and over again. In fact, one of the greatest benefits of owning a timeshare is that you can trade your vacation time for stays at other resorts throughout the world! 80% of timeshare purchasers buy with this intention! Whether you're a long-term planner or a last moment procrastinator, trading your timeshare for other comparable timeshares is a wonderful way to travel and see the world!

The concept of timeshare exchange is easily summed up as "like for like". Basically, the type of timeshare you own will determine the type of timeshare you'll receive. So, when you make your exchange request, keep in mind what type of a timeshare you own, as you're likely to get the same number of bedrooms, the same season and similar amenities as what your home resort offers. It all comes down to demand versus supply.


Join An Exchange Company

After you purchase your timeshare, you'll want to join or use a timeshare exchange company. These companies are usually affiliated with your timeshare resort and they'll help you exchange your timeshare for a similar resort. Resort Condominiums International (RCI) and Interval International (II) are two of the oldest and largest exchange companies in the world. Membership and Exchange fees with these companies are nominal and you'll receive complete timeshare catalogs, which contain pictures and descriptions of thousands of resorts throughout the world. You can even access their Internet sites to search their directory of resorts. Also note there a growing number of smaller independent exchange companies that are fast making it just as easy to fulfill on a trade. Trading Places, Donita's exchange and the San Francisco Exchange company are just a few.

Timeshare Exchange Companies:

What's Right for You?

What's one of the greatest benefits of owning a timeshare? Trading your time for vacations at other resorts throughout the world! In fact, 80% of timeshare purchasers buy with this intention!

So, once you buy your timeshare, where do you start? You find a timeshare exchange company! These companies will help you exchange your timeshare, as well as provide many other vacation services. Some charge an upfront fee, others don't.

To make your life easier, our friends at Timesharing Today put together a comparison chart of exchange companies.

Start exchanging: Find the right timeshare exchange company

Once you've joined an exchange company, the process is as easy as picking up the phone and asking one of their vacation consultants to walk you through the exchange process. This procedure is very user-friendly. Think of it as if you were going to your local bank, making deposits and withdrawals.

You deposit your timeshare into the exchange company's resort "bank". This bank is made up of timeshare properties from around the country and world that other exchange members have deposited. When you find a location and week that work for you, call your exchange company and request an exchange. Just like making a withdrawal. Remember, when you deposit your timeshare, you don't have to request an immediate exchange.

Likewise, you don't have to wait for your deposited timeshare to be taken before you're confirmed to go elsewhere. And, for added flexibility, you don't have to travel during the same fixed week that you deposited!

Priority for fulfilling your request is based upon the following:

The quality of your timeshare resort.
The demand for your timeshare resort.
The demand for the geographic area of your timeshare.
The demand for the week you own (high versus quiet season).
The size of your timeshare.
When you deposit your timeshare week.

Tips of the trade!

Deposit Early

Whether you need a specific time for a family gathering or don't even know where you want to go, the earlier you deposit the more opportunities you'll have for a match.

Request Early

As soon as you decide where you want to travel, let your exchange company know so that they can begin searching for your next vacation!

Be flexible!

Give 3 or 4 different resort and date choices. You'll have a better chance of fulfilling your request!

Determine How You Vacation?

Before you can exchange a timeshare, you have to own one. So when you purchase your timeshare from Holiday Group, think about where you want to vacation and how you plan your vacations. Are you limited to traveling only during peak seasons or can you travel during the off-season? Do you travel to mostly peak destinations, like the beach in summer, or do you stray from the beaten path? If you're more restricted, with family and work, and you can only travel during peak seasons, you'll want to purchase a prime property or season. If, however, you're more flexible and you can travel during the off-season, you might not even need a prime property or season.

Membership and Exchange Fees

Exchange companies make their money by charging membership fees, exchange fees and guest passes (when you want to give your week to friends or family). The fees are charged as follows.

Membership*: RCI - $89 II - $79
(*Based on one year, but you can pre-pay for multiple years and receive a discount!)

Domestic Exchange:   RCI - $149   II - $121
International Exchange:   RCI - $189   II - $149
Guest Pass: RCI - $49   II - $39

http://www.holidaygroup.com/timeshare_basics/exchange.php