Posts Tagged ‘exchange’

How Timeshare Exchange Works: A Question From A Client

Tuesday, March 30th, 2010
Pueblo Bonito Emerald Bay

Pueblo Bonito Emerald Bay

I recently received an email from one of my clients that purchased The Timeshare Exchange Bible – RCI Weeks Edition on using one of the many strategies I recommend to supercharge your exchange power.  The strategy is to find out from either your resort or RCI the most demanded week of the year in your resort and bank that week for exchange.  I also say that not all timeshare resorts will let you pick the week to bank.  This is the case with Richard and he wanted to know what to do next.  Below is his email and my response.
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“Jeff, I’ve been reading and re-reading the Exchange Bible.  Last week, I attempted to book a red season week with Pueblo Bonito Emerald Bay in Mazatlan. The answer I got back was they do not permit owners to select specific weeks and that their computer will randomly assign a week.  Here is their response:
“The system assigns the next unit/week available in our system. For your information only, September is a white season week and has less power trading than a May week (red season)… Unfortunately we cannot know which week it will be…”

Before I call them to bank my weeks, are there any other suggestions?”

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Hi Richard,

I’m glad you’re applying, or attempting to apply, the strategies in the Bible.  I did mention that not all resorts will let you pick the week.  Since I don’t own Pueblo Bonitio, I can only guess as how to deal with this.  You’d definitely be better off with a powerful Red winter week than a white week when exchanging in RCI.

First off, did you buy a white week?  If not, I’d certainly demand a red week be banked regardless of what the computer generates. You might try calling and asking “if I want to bank a week, and that week is randomly generated can you tell me before it’s deposited what it’s going to be?”  If so, and the week is a crummy one, say no thank you and call back another time.

You really need to pick the Pueblo’s reservationist’s brain on how best to do this.  Maybe banking much earlier will help.  You’ll have to dig deep to get the best answer.  One of the keys to getting great exchanges starts with understanding your home resort’s reservation policy.  That’s best done before you purchase your timeshare but seldom happens.

When I bought my weeks at Whistler I made sure I could pick which weeks I could bank so I always bank 4th of July weeks.  (I chose to buy summer floating weeks because they were cheaper then winter.  I gambled that summer weeks would increase in exchange power over the years to nearly equal winter weeks and in fact they have) Good info to know if you ever plan to buy more timeshare.

Let me know what Pueblo says so I can help out other timeshare owners.  I’ll blog this to help other timeshare owners facing the same problem.

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Jeff Pierce, The Timeshare Expert, has taught thousands of timeshare owners the secrets to getting the best exchanges with both RCI and Interval International for over 22 years.

His two books, The Timeshare Exchange Bible – RCI Weeks Edition, and The Timeshare Exchange Bible – Interval International, are the only books of their kind in the timeshare industry and designed to help you  master at the very complicated art of getting good exchanges.

I would love to have you share your opinions and personal insights on this blog.

For 10 FREE videos on getting better timeshare exchanges in RCI and II go to TheTimeshareExpert.com.

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Sonoma Barrel Tasting Weekend Part 2

Thursday, March 12th, 2009

We started our wine tasting weekend at the beautiful Korbel Winery, just outside of Guerneville, CA.  Many people think Korbel only produces cheap champagne, but their Premier Champagne, for about $25, is really excellent.  They also produce a very drinkable Chardonnay for about $15 as well.

This is a good place to start at 11:00 am.  Champagne at that hour is far preferable to red wine.

The Family

The Family

Our next stop was Iron Horse Vineyards for more champagne.  I had remembered it being better than what we tasted that day but the real reason I wanted to go there was for the view.

Our next stop was the Dutton Family Vineyards.  There we tasted the best wines of the day.  Their Chardonnay and Pinot’s were some of the best I’ve ever tasted.

After a couple of more stops we picked up some supplies from the grocery store and went back to the timeshare and bar-b-qued up some steaks and chicken and drink some of the fine wine we had purchased.

The WorldMark Wine Country Sonoma is perfectly situated in the heart of  wine country.  The resort is very well taken care of, the staff very helpful and friendly and the timeshare condos well appointed.  I highly recommend it as an RCI exchange.  Below are more pictures of the 3 bedroom unit I got with my 1 bedroom.

Kitchen

We had our own bar-b-que on the patio and the fireplace and entertainment center were great.

Bar-b-que

Fireplace & entertainment center

And finally pictures of the master bedroom.

Master BedroomMaster Bedroom

In the next post I’ll share with you some pictures of one of the most beautiful drives you can do anywhere.  If you ever want to exchange your timeshare to this area, you don’t want to miss this drive.

New Feature in RCI

Wednesday, February 11th, 2009
You can now see, on-line and in real time,  which RCI timeshare resorts your banked week will pull.  It’s a great new feature RCI has added but if you don’t see what you want you’ll want to still do a pending request and get on the waiting list.
Here’s what you see on RCI’s home page:
 
Why Search When You Can Find?

Why Search When You Can Find?

Don’t be tempted to grab an exchange week that isn’t really what you want just to get confirmed.  While this is a great new service RCI provides the really great weeks and resorts won’t show for long.  And if you apply the secrets found in The Timeshare Bible you’ll be able to get into the best resorts.

If you have more than one timeshare week banked in RCI, being able to see this instant availability is a great way to monitor how effectively you’re maximizing your exchange power by comparing what one week pulls to the other.  More on this in the next post.

Christmas Vacation 2009 Part 2

Monday, November 3rd, 2008

In the last post we left off with the very obvious tip of requesting in advance for a Christmas exchange.  Now we’ll talk about the strategy of placing that request.

The main reason that there are so many timeshare resales is that people just don’t know how to exchange them effectively.  This little tip is one of many that will give you an edge up when doing an exchange.

Many people don’t give the exchange companies enough choices when requesting a high priority exchange. General exchange rules are that you give either 3 resorts and 1 date, 3 dates and 1 resort or 2 resorts and 2 dates.  Many people leave it at that. 

But did you know that you could have RCI search for up to 88 resorts at one time?  Interval International has no limits to the amount of resorts.  You must learn to take advantage of doing a multiple resort search when doing a timeshare exchange.

Since we’re talking about just one date, Christmas, then let’s increase the amount of resorts requested considerably. 

For instance, if you’d like to take the family skiing next Christmas and you’re open to being anywhere in the western US, you can pick out only the top rated resorts you’d accept an exchange to rather than taking anything that comes up.

For example, you can have RCI or Interval International search for 6 resorts in Beaver Creek, 8 in Vail, 6 in Steamboat Springs, 5 in Breckenridge, 4 in Park City and 8 in Lake Tahoe.  Wow, that’s searching 37 resorts for Christmas week.  And if you’re putting in your request at least a year in advance, you and your family will be creating lasting memories rather than sitting at home watching You Tube or the NFL next Christmas.

Interval International’s New Resort Ratings

Monday, October 13th, 2008

Interval International has changed its resort recognition program and will be debuting it when the new resort directory comes out in March or April of 2009.

Before, there were just two categories of resorts – 5 star and the rest.  The new edition will have 3 categories; Premier, Select and Affiliate.

Interval International recognizes the best resorts by awarding them a Premier or Select rating. You’ll easily recognize these timeshare resorts because they will have one of the two symbols, a gold laurel for Premier and a silver pineapple for Select, next to their listing in the directory.  If a timeshare resort listing has no symbol, it’s considered an Affiliate Resort.

According to II, the ratings are determined by the customer’s experience when they exchange into a resort and an evaluation (by II we assume) of the resort’s facilities, amenities and services.

After you’re confirmed into a resort, Interval International will mail you a packet of information including a Vacation Evaluation form.  On it you’ll be asked to rate your vacation area experience, unit, resort, guest services and your experience with II.

A resort that continually receives low ratings in the Vacation Evaluation categories can drop from a Premier to a Select Resort, and even lose their recognition entirely by dropping to an Affiliate Resort.  A few resorts, that have fallen into disrepair and receive too many complaints from II exchangers, are not allowed to renew their affiliation with II when their contract expires.

Salespeople in Premier Resorts are fond of telling potential owners that you have to own at Premier Resort in order to exchange into another Premier Resort.  This is not true just as you don’t need to own a Red week to exchange for Red season.  While owning a Red week in a Premier Resort certainly gives you more exchange power and increases your likelihood of exchanging into the best resorts, it’s no guarantee.  It’s a good start, but many people that own a Red week in a Premier Resort still fail to get good exchanges and become frustrated. 

Lets take a look at II’s description of resort ratings.

According to Interval International, “By meeting our already high affiliation standards and being accepted into our network, all of Interval’s member resorts are recognized for their quality.  Those recognized as Interval International Select Resorts and Interval International Premier Resorts exceed our affiliation requirements.”

Premier: “Premiere Resorts debut as the highest level of recognition, provide an outstanding vacation experience, with state-of–the–art conveniences, and modern features and appointments.  They will be identified by the laurel, a symbol of distinction, high standards, and status.”                                

Select: “Select Resorts provide a great vacation experience, and are distinguished by a comfortable and home-like atmosphere.  As such, they will be identified by the pineapple, a centuries-old symbol of hospitality, welcome, friendliness, and warmth.”

Affiliate: The rest of the resorts in Interval International have no symbol and vary greatly in quality.  Affiliate Resorts comprise the majority of the resorts in the Interval International directory.

Having done nearly 50 timeshare exchanges in the last 18 years to resorts world wide, I don’t agree that resort ratings are achieved solely through members sending back the Vacation Evaluation form and by an evaluation by Interval International.  In my opinion, I believe supply and demand also play an important role in resort rankings.

Hawaii is a good example. 

I have exchanged 2 weeks back to back to Maui and Kauai for the last 7 years in a row and am familiar with many of the resorts there.  In my opinion, some resorts that qualify as a Premier or Select Resort in Hawaii wouldn’t be ranked that high in a lesser demanded area.  I believe that the tremendous demand for Hawaii in relation to the little supply skews the resort ratings.

I’ve found that some of the Hawaiian resorts I’ve seen and/or exchanged to are getting a little tired looking.  Usually the grounds and gardens are very well taken care of because of the natural growing climate and because the locals are such good gardeners.  But the interior of some units are getting beat up from the humidity, salt, sand and being occupied 51 weeks of the year.

If a resort isn’t being managed efficiently, the resort management may defer maintenance on carpets, windows, doors, etc. to stay within their yearly budget. 

Don’t automatically assume that all Premier resorts are created equal.