I have just joined Interval in order to attempt my first trade. I realize I do not know any of the rules! I cannot find them on the Intervalworld website. Will they be sending me a book to explain everything? For example, what is the difference between requesting first and depositing first. If I deposit first, how long do I have to find an exchange?
Thanks for any help.
First off, welcome!
Well I was not sure there was a list of rules! I get a directory every year from Interval with all of the resorts that I can attempt to trade into. In there is the instructions on how trading works.
On the Interval website is the "community" section. In there you should be able to find the info you need. Here is a link to the community section. I think you need to be logged in.
http://community.intervalworld.com/discussions/Exchange/knk0p00v011?nav=messages
Here is a list of video tutorials that try to answer most questions
http://community.intervalworld.com/discussions/Video_Tutorials/knk0p00v0513
To answer your specific questions.
Deposit first means that you give your week to interval and they keep it. You then have a 3 year window to exchange - 1 year before the check in date that you deposited and 2 years after the checkin date.
Request first means you keep your week and request a week in exchange. If they have your request, you give them your week. If not, you keep it. The same 3 year window applies.
Feel free to ask more questions.
John
