Fancy Getting A Timeshare Exchange? Find Out How.
If you are thinking about timeshares but don't want to be limited to a single property and destination, then you should consider a timeshare exchange. Not all timeshare resorts/brokers will offer an exchange system so remember to ask! It is also advisable to have a good look around all the companies, large and small first and make sure you do your research. Therefore, this article aims to be more factual than advisory - it's up to you to decide on your holiday exchange timeshare yourself!
Timeshare exchange is pretty much what it says on the tin, it is a vacation exchange where you may pay an ongoing membership fee to be able to pick from a list of available properties within or below your designated bracket, if you want something in a higher group, you may be able to upgrade on a temporary basis at an additional cost.
Typically, there are two different systems you will come across. One is based on your ownership of a timeshare in a specific location and week which can be exchanged for similar properties in a similar nearby week. The second system is to buy points that are exchanged for a week within a certain points bracket. You do need to plan ahead for a timeshare exchange, similar to planning a regular vacation; it takes a bit more work and forethought. If your desired location is not available in the selected week, you may lose out or can go on a waiting list for the really popular properties.
Companies that deal with timeshare exchange include, but are not limited to, RCI (Resort Condominiums International), Interval International and Trading Places International. RCI timeshare probably has the lion's share of the market, but you are encouraged to read David Cameron's blog at http://davidcameronsdiary.co.uk on his experience with RCI timeshare (yes, it is 'that' David Cameron!).
There are also some smaller independent timeshare exchange companies that are worthy of investigation. For example, Redweek is developing quickly and now offers a points system. Dial An Exchange does not require any ongoing membership fee so is quite attractive. It simply makes money by asking for an exchange fee. Do a search yourself to find more, but remember to check the company out before you commit as mentioned above.
Having a timeshare exchange really gives you the best of both worlds so should be an option in your search for a worldwide timeshare.
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