timeshare exchange and trading power
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Hi, My name is David Van Norman. I’m a licensed agent with Selling Timeshare, Inc. and today I’ll be covering some of the basic concepts of trading your timeshare and how trading power will play into your experience. So let’s get started… What is Timeshare Exchange? Timeshare Exchange extends your ownership by allowing you to book at other locations or times of the year that would not normally be available to you with your existing ownership. This opens up literally thousands of timeshares across the globe to you, and you can start to get really creative with your reservations. The most popular exchange companies are RCI, II and SFX. All of these companies have similar prices and general procedures for processing your exchange, but not all resorts work with every exchange company. You will only be able to use the trading companies that your resort or club is affiliated with. Also, note that there are usually two fees to be paid to your exchange company. One annual fee to become a member as well as a trading fee that is assessed per transaction, so be sure to utilize your exchange membership as much as possible once you’ve paid to become a member. Understanding the Basics You’re trading fee is based on the location that you will be trading into, and most companies charge about $150 for domestic trades and about $200 for trading with an international resort First, you’ll deposit your week, or points, into the system. Some clubs, such as Hilton Grand Vacations Club, have tight integration with their exchange company which means you’ll call the same number that you make your regular reservations with when trading. Most other clubs, you’ll need to get in touch with the exchange company directly. Then, you can reserve a week from the exchange company’s inventory. This can be internationally, at other vacation clubs, or even within your own resort at another time of the year than what you’re deeded for or is available in your vacation club. The Deposit In many cases, in order to deposit, you will need to book a reservation with your existing ownership, then deposit the week into the exchange’s inventory. If you own points, generally you can just deposit your points without making a reservation first. Some resorts feature “confirm-first” which allows you to view the timeshare exchange company’s inventory before depositing. This is common among many high-end points-based ownerships, and can be a really nifty feature to ensure you’ll get the reservation you want before depositing your time. Depositing as far in advance of your reservation as possible is always a good idea, especially when you’re trying to book the most popular destinations in high-season times of the year. What is Trading Power? Your resort’s or interval’s trading power is the measure of how easily you can trade your time for another location or time of the year. As with many things in life, with timeshare exchanTRANSCRIPT
How Timeshare Points Systems Work Discover The Flexibility of Timeshare Points
What Are Timeshare Points?
✤ Points are a virtual currency that you can redeem for vacations throughout the year!
✤ You won’t be deeded for a particular room size or week number!
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✤ If you can’t use your points, you can bank them to use later
Understanding the Basics
✤ Most companies charge about $150 for domestic trades and $200 for trading with an international resort!
✤ First, you deposit your week, or points, into the system!
✤ Then, you can reserve a week from the exchange company’s inventory across the globe
The Deposit
✤ In order to deposit, you will need to book a reservation with your existing ownership, then deposit the week into the exchange’s inventory!
✤ Some resorts feature “confirm-first” which allows you to view inventory before depositing!
✤ Deposit as far in advance of your reservation as possible to get the most inventory available to you
What is Trading Power?
✤ Your resort’s or interval’s trading power is the measure of how easily you can trade your time for another location or time of the year!
✤ With timeshare exchange, you can only get what you give!
✤ Every resort carries a rating from each one of the exchange companies
Tell Me More About Trading Power
✤ Trading power is one of the most important, yet overlooked, considerations for first time buyers!
✤ If you plan to trade a lot, make sure to buy the most desirable season at a resort that is rated highly!
✤ Many points based ownerships can have high trading power
Contact Us
✤ Visit www.sellingtimeshares.net/contact!
✤ Feel Free to Give Us A Call at 917-482-8347!
✤ Licensed Agents Are Standing By