Late deposit?

I have a very strong trading week with a late July reservation. I didn't bank it because I thought we were going to use it. However, we are not going to be able to travel during that time.

When I have banked it in the past, it has been a top trader. Is it too late to bank? Will it do better in an "alternative" exchange company?

I would be willing to rent as an alternative. Where can I find the best place? It seems that here on TUG, everyone has their vacations planned years in advance. I haven't had strong success with Redweek in the past, although I have not tried to rent this particular resort.

Any advice appreciated.

Craig's List.

We've had good success renting out our Orlando FL timeshare weeks by advertising on Craig's List.

Their headquarters & main web site are San Francisco, CA.

But Craig's List has satellite web sites all over, including lots of places where people look for vacation rentals. (We used the Orlando Craig's List site to advertise our Orlando timeshare weeks for rent, even though we live closer to Washington DC.)

A special bonus of using Craig's List is that it's free of charge. Plus, you can insert up to 4 digital photos in each Craig's List ad -- very nice for showing prospective renters how attractive your timeshare resort looks.

People even advertise timeshares for sale on Craig's List. Shucks, I saw 1 recently that made me want to whip out my checkbook -- a nice Orlando 2BR for only $500.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.

If your resort is a 5-star resort, you can deposit it with SFX. Gold membership is free and they will give you 2 years to book an exchange if they accept your week.

I recently banked an August 2006 week that would normally trade very well with RCI, expecting a modest trader, and was surprised that it trades very well. It was over 90 days in advance but still relatively late. I just didn't want to start dealing with another exchange company (we already have RCI, RCI Points and II memberships). When I called to ask about how much trade power I might have the RCI reps were not helpful and I felt that they had little idea about the exact effect of the late deposit.

The link to Craig's List above doesn't seem to work. Does anyone have the address? Might as well give it a whirl for a rental I have.

Bev

Bev

http://www.craigslist.org/

The link above works for me. Be sure to click on the city you want to pay attention to. The list of cities are on the right side of the page.

Craig's List

Is it only for rentals? I was looking for resales but couldn't find any link.

Craig's List Timeshare Resales

I don't think Craig's List has a timeshare resales category you can click.

I found the $500 Orlando timeshare I mentioned by clicking on their Orlando location, then clicking on Real Estate For Sale under housing, & typing timeshare in the search box.

When I did that just now, 42 of'm showed up.

The $500 Orlando timeshare I was thinking of is about 2/3 of the way down the list. The seller is actually asking $500 or best offer -- so you can understand why I was tempted to whip out my checkbook.

However, I was remembering that timeshare wrong -- it's just 1BR & it's EEY. So I'm going to pass.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.

mommy-of-4-kids said:

I have a very strong trading week with a late July reservation. I didn't bank it because I thought we were going to use it. However, we are not going to be able to travel during that time.

When I have banked it in the past, it has been a top trader. Is it too late to bank? Will it do better in an "alternative" exchange company?

I would be willing to rent as an alternative. Where can I find the best place? It seems that here on TUG, everyone has their vacations planned years in advance. I haven't had strong success with Redweek in the past, although I have not tried to rent this particular resort.

Any advice appreciated.

Click to expand...

If it is an II resort, then the time of deposit is less important than the resort, and week. So bank it now if it is II.

If the resort is RCI, the earlier you bank is very important in the trading power and it may be better to try one of the alternative exchange companies or try to rent it.

Hope that helps

I also just recently banked late for the first time...

glenn1000 said:

I recently banked an August 2006 week that would normally trade very well with RCI, expecting a modest trader, and was surprised that it trades very well. It was over 90 days in advance but still relatively late. I just didn't want to start dealing with another exchange company (we already have RCI, RCI Points and II memberships). When I called to ask about how much trade power I might have the RCI reps were not helpful and I felt that they had little idea about the exact effect of the late deposit.

Click to expand...

I purchased another timeshare week in April with 2006 useage. I make my vacation plans no less than a year out, so was unable to use the week. I gave it a short try as a rental, but didn't get any inquiries. I then decided to have Holiday Group spacebank it for me while my deed was being prepared. It was less than six weeks before check-in (5/13/06). This is an East Coast beach week. I requested an exchange within two weeks of spacebanking it and was very pleasantly surprised. I was able to get a summer week in the same area for next year, in a larger unit (sleeps the same number of people) at a higher rated resort.:whoopie: I think July for most places is high demand and that a top trader will still get you a great trade if you request an exchange early.

mommy-of-4-kids said:

I have a very strong trading week with a late July reservation. I didn't bank it because I thought we were going to use it. However, we are not going to be able to travel during that time.

When I have banked it in the past, it has been a top trader. Is it too late to bank? Will it do better in an "alternative" exchange company?

I would be willing to rent as an alternative. Where can I find the best place? It seems that here on TUG, everyone has their vacations planned years in advance. I haven't had strong success with Redweek in the past, although I have not tried to rent this particular resort.

Any advice appreciated.

Click to expand...

Depositing a week less than 90 days ahead of time will significantly reduce trading power with RCI, however, a strong week with reduced trading power is still significantly better than Orlando in September deposited 2 years in advance.

I would always use Dial an Exchange for late deposits. DAE does not use trading power formula.

http://www.daelive.com/holiday-search/availability.aspx

Did you deposit your week and how is your exchange power?

Bill4728 said:

If it is an II resort, then the time of deposit is less important than the resort, and week. So bank it now if it is II.

If the resort is RCI, the earlier you bank is very important in the trading power and it may be better to try one of the alternative exchange companies or try to rent it.

Hope that helps

Click to expand...

Actually, with II, the value of the week is not only determined by the the quality of the resort but, also by how early you deposit your week & how fast someone else books into it (the demand).

I am past the 59 days so what is the latest one can deposit to II??

You can deposit after 59 days - you just will be limited to using the banked week during the flexchange period. I think the latest is 2 weeks prior.