Fairways Of The Mountains At Lake Lure

[dioxide45]

I found out that my wife's aunt owns at Fairways Of The Mountains At Lake Lure Timeshares and are trying to pull off a trade in RCI. I don't know a lot of details, but she certainly is an amateur at this. Trying to exchange in to June of this year in what is now March.

I don't think she has ever used this timeshare since they owned it. I understand that she has six weeks on deposit. She has been paying to extend the deposits and I know her timeshare is in weeks, not points. When I asked about TPU, she said that hers are worth 10. So I am guessing she perhaps has 60 TPUs on deposit but she knows nothing about combining. What is the fee to combine in RCI.

Does this timeshare also trade in II? I looked it up on some of the resale websites and it looks like it does. She owns a 2BR unit, I don't know if it is fixed or floating or what season she even owns. Would she be better to trade this timeshare in II instead of RCI? 10 TPU is pretty low from what I understand. I would think if she could trade week for week in II, she would probably be able to get some better trades. Though probably not for this year, but perhaps in the future.

Is this timeshare on the same property/area as Fox Run? I see a lot of people talk about Fox Run on TUG and it seems they trade them through II. People seem to talk up Fox Run, though not as much now as I recall several years ago. Is Fairways Of The Mountains At Lake Lure comparable to Fox Run?

 

[cory30]

Fairways does trade in II and in my opinion is a better option. Depending on the season Fairways does quite well. I own a week 26 and the full two bedroom will pull everything my summer Surfwatch week does excluding Marriott preference weeks. I receive an AC for a deposit and have the option of splitting the lock off into two deposits. So, for my use and for someone who uses both exchange companies, II is a better alternative. If she already has the RCI account and needs a few more TPU to get maximum options, RCI may make sense if she has to open a new II account and pay the associated fees.

 

[dioxide45]

Thanks for the response. She has an RCI account now full of six weeks. Though she has no other timeshares, so changing to a II would actually cost her less in the long run. Though she would have some overlapping years. She just needs to use up these 60 TPU and then move on. The problem is that she would never really be able to manage trading the timeshare. Up to now all weeks have just been deposited and never used. Paying fees to extend the deposits. I don't know what week she owns, I will see what more I can find out. I don't know how many more years she has in RCI membership. I am sure probably quite a few as they probably sell her extensions every time she calls and speaks to someone.

 

[GrayFal]

Thanks for the response. She has an RCI account now full of six weeks. Though she has no other timeshares, so changing to a II would actually cost her less in the long run. Though she would have some overlapping years. She just needs to use up these 60 TPU and then move on. The problem is that she would never really be able to manage trading the timeshare. Up to now all weeks have just been deposited and never used. Paying fees to extend the deposits. I don't know what wee she owns, I will see what more I can find out. I don't know how many more years she has in II membership. I am sure probably quite a few as they probably sell her extensions every time she calls and speaks to someone.

It would be a fixed week and locks off into two one bedrooms and if she has week 15-18 thru 42 she will most likely get an AC for each half deposited. It is Silver with II which allows you to trade up and down. When I realized that the Marriott quality filter was blocking me from seeing LOTS of exchanges, I purchased several weeks here.
Great trader at an excellent price point.

It cost $109 to combine your aunts deposits in RCI.

TUGer Becky knows this resort well (has been on the HOA board? Of this or Foxrun) and would most likely be able to assist you with more info.

 

[dioxide45]

Okay, I did some more digging to determine that she owns week #09. I am sure that diminishes trading power significantly. This is likely also why she is only getting 10 TPU in RCI. Though I would think if it locks off in to 1BR units, it might still have some value in II. I can't find anywhere in the deed or their contract what the nit size is or a lock off provision. Do all units lock off? Is there a fee to do so?

 

[GrayFal]

Okay, I did some more digging to determine that she owns week #09. I am sure that diminishes trading power significantly. This is likely also why she is only getting 10 TPU in RCI. Though I would think if it locks off in to 1BR units, it might still have some value in II. I can't find anywhere in the deed or their contract what the nit size is or a lock off provision. Do all units lock off? Is there a fee to do so?

All units are 2 bedrooms. It is actually a townhouse style with an upper and lower unit.
They would get more value in rci if they deposited as two units...I will check TPUs for you.

No lock off fee.
You can call the resort, they are very nice and helpful.

Edit....deposited 270 days out, you would get 12 TPUs for EACH 1 BR side
Deposited as a 2 BR you would get 14.... Gotta love RCI!

It would still do better in II

 

[JudyS]

Is this timeshare on the same property/area as Fox Run? I see a lot of people talk about Fox Run on TUG and it seems they trade them through II. People seem to talk up Fox Run, though not as much now as I recall several years ago. Is Fairways Of The Mountains At Lake Lure comparable to Fox Run?

Fairways Of The Mountains At Lake Lure is another phase of the same resort as Foxrun. The main difference is that Fairways is all two-bedroom lock-offs, whereas Foxrun is all fixed two-bedrooms. They are both managed by VRI, and I'm pretty sure check-in is in the same office. Fairways is actually an even better deal than Foxrun, because the MFs are about the same, but Fairways provides the option to lock-off into two one-bedrooms, each with a full kitchen.

I agree that II is a much better choice for Fairways than RCI is. Week 9 isn't a great week, but it's not all that bad, either. I used to own week 11 (both at Foxrun and at Fairways) and they traded pretty well in II.

All VRI weeks also can trade through VRI's internal exchange system, VRI*ety, http://www.vrietyexchange.com/

VRI*ety has the advantage that there is no membership fee required. I wouldn't suggest belonging there *instead* of II, because VRI*ety has a limited number of resorts available, but you could set up an account for your aunt and see if there was anything good online there.

 

[GrayFal]

Fairways Of The Mountains At Lake Lure is another phase of the same resort as Foxrun. The main difference is that Fairways is all two-bedroom lock-offs, whereas Foxrun is all fixed two-bedrooms. They are both managed by VRI, and I'm pretty sure check-in is in the same office. Fairways is actually an even better deal than Foxrun, because the MFs are about the same, but Fairways provides the option to lock-off into two one-bedrooms, each with a full kitchen.

I agree that II is a much better choice for Fairways than RCI is. Week 9 isn't a great week, but it's not all that bad, either. I used to own week 11 (both at Foxrun and at Fairways) and they traded pretty well in II.

All VRI weeks also can trade through VRI's internal exchange system, VRI*ety, http://www.vrietyexchange.com/

VRI*ety has the advantage that there is no membership fee required. I wouldn't suggest belonging there *instead* of II, because VRI*ety has a limited number of resorts available, but you could set up an account for your aunt and see if there was anything good online there.

From II....and it is no longer a Silver, too bad.

Located in the mountain region of North Carolina, Lake Lure offers beauty and serenity - perfect for outdoor enthusiasts. Just steps away from the resort, guests will find wooded trails for leisurely walks or vigorous hikes. Fairways of the Mountain overlooks picturesque Lake Lure and two 18-hole golf courses - the ideal setting for boating, fishing, and golfing. The resort provides spacious, comfortable accommodations for a memorable vacation.

LIMITED EXCHANGE ACTIVITY

 

[dioxide45]

Thanks for the additional information. I really don't know how far out she has been depositing in to RCI, it could be almost last minute thus resulting in the low TPU she was given. Though she would do better depositing it as two 1BR units, I need to somehow convince her that II is a better option. That won't be easy because she really doesn't know anything about any of this. Oddly, I probably now know more about her timeshare than even she does.

 

[dioxide45]

I have been doing some more research on this. Finally got access to her RCI account. It does appear that she is depositing each side of the lock off separately. The last time she got 9 TPU for each 1BR deposit.

It seems that she has to pay the maintenance fees in order to deposit the week with RCI. Does the same hold true when depositing in to II?

She only has one week on deposit for 9 TPU. One other week that was deposited was used for a 9 TPU trade in to Ft Lauderdale. The other four weeks she thought she had must be the 2016 and 2017 weeks that are available to deposit. Her RCI account is only paid through the end of 2015, so that is probably a good thing if she decides to go with II.

 

[tschwa2]

More resorts than not, these days make you prepay your MF's before depositing with an exchange company. Marriott is still one of the only big exceptions these days. So it isn't an RCI rule, it is the resort that will not verify a deposit unless the MF's have been paid. So in all likelihood she will have to prepay if she wants to deposit with II.

 

[GrayFal]

I have been doing some more research on this. Finally got access to her RCI account. It does appear that she is depositing each side of the lock off separately. The last time she got 9 TPU for each 1BR deposit.

It seems that she has to pay the maintenance fees in order to deposit the week with RCI. Does the same hold true when depositing in to II?

She only has one week on deposit for 9 TPU. One other week that was deposited was used for a 9 TPU trade in to Ft Lauderdale. The other four weeks she thought she had must be the 2016 and 2017 weeks that are available to deposit. Her RCI account is only paid through the end of 2015, so that is probably a good thing if she decides to go with II.

My sister still owns FXR and she has to prepay before she can deposit in II.
This has always been a better trader with II. Many times you get an AC offer as well.

 

[chalee94]

My sister still owns FXR and she has to prepay before she can deposit in II.
This has always been a better trader with II. Many times you get an AC offer as well.

i own FWM (summer week) and this is definitely true for fairways as well. i went to the owners' annual meeting and i think they said fewer than 10 owners deposit into II each year.

(if we only deposited the A units or 2BRs, we could probably get the silver leaf back...the B units are just too funky and it hurts the ratings.)

 

[dioxide45]

So the question I have. My wife's aunt thinks that she has to be billed for her MFs before she can pay them and deposit in to RCI. I suspect the bill comes late in the year and since she owns week 09 she is depositing late and getting lower trade power because of it.

I always thought that when resorts had these types of policies, that they would let you prepay your MFs based on the prior year amount when you wanted to depoist. Then when they billed you, you would just be credited for the amount prepaid. Is that the way it works at FWM? That would seem to make sense. She should be able to call the resort today and pay her MFs and deposit and then they should verify the deposit, either in to II or RCI.

It does seem that II may be the better way to go. I just don't know if she can get what she really wants with either exchange company. She is looking to try to trade for places like San Diego, San Francisco, and Manhattan Club. Nothing like having lofty expectations.

 

[chalee94]

So the question I have. My wife's aunt thinks that she has to be billed for her MFs before she can pay them and deposit in to RCI. I suspect the bill comes late in the year and since she owns week 09 she is depositing late and getting lower trade power because of it.

probably doesn't help but i doubt there's much of a trade power hit for that.

i did notice a difference (in II) when we lost the silver rating. (the most annoying thing was that my prior deposit - which should have kept a fixed trade power rating - seemed to drop as well.)

I always thought that when resorts had these types of policies, that they would let you prepay your MFs based on the prior year amount when you wanted to depoist. Then when they billed you, you would just be credited for the amount prepaid. Is that the way it works at FWM? That would seem to make sense. She should be able to call the resort today and pay her MFs and deposit and then they should verify the deposit, either in to II or RCI.

right. i call the FWM office about a year ahead of my week of travel (usually about the time when II sends me an AC offer) and prepay based on last year's annual dues amount.

then in december or so, i get a bill for the difference between my prepayment and the increase in the new year's bill.

It does seem that II may be the better way to go. I just don't know if she can get what she really wants with either exchange company. She is looking to try to trade for places like San Diego, San Francisco, and Manhattan Club. Nothing like having lofty expectations.

it's a breeze to get 2BRs marriotts in orlando with a 1BR, but with the loss of the silver rating, those types of options that you listed are going to be very very tough...especially for a march week in NC.

i pulled a nov week at NCV a few years back (with the silver rating for an offseason trade - but still a 2BR in southern CA for a 1BR) but she'll probably need to deposit the full 2BR now to have any kind of shot at a tougher trade (one time recently, i saw a worldmark vancouver summer week studio with my 2BR but couldn't see it with a 1BR, for example).

(i own DVC for DVC stays and there's not much else in RCI that i really want - and II has been good to me...)