Exchanging Where Floating Weeks LImited

[toocherie]

I thought about putting this on the exchange board, but thought it was too "basic" a question. If someone owns a resort with a floating week--say weeks 1-22 that can be exchanged into RCI or II, does that mean that you can only exchange into another resort during those weeks? Or once deposited are you allowed to exchange for whatever week is available to you?

 

[timeos2]

I thought about putting this on the exchange board, but thought it was too "basic" a question. If someone owns a resort with a floating week--say weeks 1-22 that can be exchanged into RCI or II, does that mean that you can only exchange into another resort during those weeks? Or once deposited are you allowed to exchange for whatever week is available to you?

Any week you see as available. The original dates don't matter.

 

[djs]

That week that you deposit has a certain "value" to it that II and RCI's systems assign. Based on that "value" you should be able to pull anything of similar value.

Make sure you book as early as possible, I have a week that floats during swing season, but a few weeks on each end are still "red" weeks; I try to book one of those weeks as I assume it will pull better trades. If I wait too long to book my week, the red week will no longer be there.

Of course the rating of each week is subjective, as we've all noticed some resorts say that every week is a red week.

 

[toocherie]

So . . . (and this is going to sound really "green") -- when you exchange do you book a week at your home resort first--and then exchange that actual week? You just don't exchange the "right" to book?

 

[theo]

... when you exchange do you book a week at your home resort first--and then exchange that actual week? <<

Yes. Until you formally reserve a specific week at your home resort, you don't actually have anything specific to "deposit" for "exchange".

Re: >> You just don't exchange the "right" to book?<<

That's correct. You "deposit" exactly what you have specifically reserved. You can then seek some other week of comparable "value" which is available elsewhere. For that reason (comparable value), it's always a good idea to book the most "desirable" week possible at your home resort, thereby enhancing the "value" of what you "deposit" and thereby enhancing the value of what you (...might) get in exchange.

 

[toocherie]

Ok--another follow up question. If you have a floating season, but your deed specifies a certain week for deeding purposes, are you guaranteed to always get that week if you want it? So, for example, if I am deeded the week that equates to Christmas week in a ski area can I always get that if I want it--or am I on the phone with everyone else who owns at that resort on the first day reservations open?

 

[AwayWeGo]

All Floating Weeks Are Up For Grabs -- Even My Own Deeded Week.

If you have a floating season, but your deed specifies a certain week for deeding purposes, are you guaranteed to always get that week if you want it?

No way, José

My deed says B36A10B -- Building B, Unit 36 A & B (lock-offs), Week 10.

My deed also says that all usage is Floating, according to the master condo association documents for the resort that are officially recorded down at the courthouse along side everybody's individual deeds. And so I have no special claim on unit B-36, A or B, in Week 10 or any week.

The master documents are legally incorporated into my deed by reference, even though the only copy I have is what I downloaded from the HOA-BOD web site.

I've never seen the inside of unit B-36. Not only that, I've never been at the timeshare during Week 10. Still, it would be fun to stay in B-36 some year -- although it's not my deeded timeshare unit any time other than Week 10.

If your timeshare's floating system is something like that, then you also don't have any special claim on staying in your deeded unit. So it goes.

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