Timex - A Discussion About The Exchange Company

[Carolinian]

[This thread was created to discuss Timex a Timeshare Exchange Company. The OP initially posted within a thread entitled timesharejuice.com. The original timesharejuice.com thread was started in July, 2011 and can be found easily by using the TUG search function.]

[Timesharejuice.com] Sounds like the business model of Timex www.timex.to

There is a full page article about the TimeshareJuice.com website in the July/August 2011 issue of TimeSharing Today magazine that just came in the mail today.

It looks like it is a website for timeshare owners to exchange their timeshare at over 4,000 resorts worldwide for free. It says it is completely automated, you can list your timeshare in 60 seconds. You will begin getting electronic offers (like on ebay) to trade from timeshare owners all over the world. You do not bank or deposit your timeshare, so you are in control until you trade it. You can accept or reject offers with a mouse click. You can also search for resorts you would like to visit. You can make as many offers as you want because the first person to accept your offer wins, the remaining offers are voided.

 

[EricBong]

What's that? Sell time?

 

[Carolinian]

What's that? Sell time?

Timex, which has been around a number of years, is an organization that facitates direct timeshare trades. The ''.to'' would indicate it is in the Kingdom of Tonga in the south Pacific, but it is not and I suspect that the watch company of the same name had all the other ''timex'' web addresses taken but missed that one.

 

[Egret1986]

Have you had the opportunity to use Timex?

Sounds like the business model of Timex www.timex.to

I just went into the link and browsed resorts in Virginia. I immediately wondered how they came up with their resort ratings. I own or am familiar with most of the Virginia resorts.

"Ratings are based solely on the number of current requests for exchanges into the resort. Ratings are continuously changed and up to date."

Folks just looking at the ratings and not familiar with the actual resorts could potentially be disappointed. I think their model for assigning ratings is detrimental. I own a few resorts in Virginia and know personally how successful I am renting those resorts. The ones that rent easily and for a better price (oceanfront) were rated much lower than those that rent for a lower amount (across the street from ocean). A Virginia Beach resort that is average and two blocks from the ocean is rated the highest at (7). I don't own at Turtle Cay, but know it is more popular than the Atrium (7). Turtle Cay got a (1).

Also, the Massanutten resorts were rated differently than I would have imagined. Woodstone got a 1; whereas, Shenandoah Villas got (5). *Resorts are rate 1 to 10, with 10 being highest.

It's a great idea though, just like the direct exchange on TUG. Unfortunately, there's just not enough supply to make it work with any regularity. But in combination with all the other alternatives, this could be an option.

I just think that they need to drop their "ratings" of resorts. I think the average person correlates a "high" rating with the quality and overall demand for a resort. This is obviously not the case in Timex's rating system.

 

[Carolinian]

Oh, I quite agree as to their ratings. In England, they give everything a 10, and while there is a good supply demand curve generally for England, there are definitely parts of it that are better than others. Allen House in London should not have the same rating as Cherry Orchard timeshare on the Island of Man, for example.

In North Carolina, they give a 6 to Carriage Manor at Lake Royale, an apartment building near a smallish manmade lake with a history of water quality problems in the flat fields of Franklin County east of Raleigh, with almost no amenitities and not much to do. It is not even close enough to Raleigh to use it to go there. I suspect there are few timeshares anywhere with a worse location. Yet they give Hammocks on Bald Head Island, a very upscale beach location a 1. Some other oceanfront resorts had only a 2 or 3.

In France, they gave some easy to trade into resorts in the Alps an 8 but some resorts in Paris that are much harder to trade into only a 2.

It almost sounds like whoever came up with these rating numbers for Timex, got hired away by RCI to put together their points lite numbers!

I just went into the link and browsed resorts in Virginia. I immediately wondered how they came up with their resort ratings. I own or am familiar with most of the Virginia resorts.

"Ratings are based solely on the number of current requests for exchanges into the resort. Ratings are continuously changed and up to date."

Folks just looking at the ratings and not familiar with the actual resorts could potentially be disappointed. I think their model for assigning ratings is detrimental. I own a few resorts in Virginia and know personally how successful I am renting those resorts. The ones that rent easily and for a better price (oceanfront) were rated much lower than those that rent for a lower amount (across the street from ocean). A Virginia Beach resort that is average and two blocks from the ocean is rated the highest at (7). I don't own at Turtle Cay, but know it is more popular than the Atrium (7). Turtle Cay got a (1).

Also, the Massanutten resorts were rated differently than I would have imagined. Woodstone got a 1; whereas, Shenandoah Villas got (5). *Resorts are rate 1 to 10, with 10 being highest.

It's a great idea though, just like the direct exchange on TUG. Unfortunately, there's just not enough supply to make it work with any regularity. But in combination with all the other alternatives, this could be an option.

I just think that they need to drop their "ratings" of resorts. I think the average person correlates a "high" rating with the quality and overall demand for a resort. This is obviously not the case in Timex's rating system.