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Timeshares 101

FAQ


Click on a Question to view the Answer.

 

 Q 

How do I make Exchanges?

A
Exchanges work like a bank account:
  1. Deposit your vacation time---this is known as “Spacebanking” your time. This may be done from 2 years to 14 days before its start date.
  2. Request your exchange week/s at a comparable resort for the vacation time that you deposited. (“Like” trades for “like” or less.)
  3. Receive a confirmed exchange.
  4. Get out of town!

Instant Exchanges:
The RCI Instant Exchange System is designed to provide last minute exchange dates. The time frame is for bookings 45 days or less before the start date. However the rule is there are no other rules! You may exchange any season for any season, any size for any size. There are no constraints on where to go or what quality of stay you may enjoy. If the 45 day window fits your style you will find instant exchanges attractive. Those of you that have purchased lesser sized units, such as a studio, may exchange into a 2 bedroom, if you own Blue or White time, you may exchange for Red. Many RCI “Veterans” use Instant Exchange exclusively. They find many great resorts are subject to last minute cancellations. The Instant Exchange is a feature of RCI of which few people are aware. It works!

 

 Q 

What Else Do I Need To Know About RCI?

A

RCI, the largest and oldest exchange company in the world, allows timeshare owners to exchange their weeks with other owner’s worldwide. They have been operating for nearly 30 years. They provide you with a directory of their resorts, and this is updated regularly. They also send out their "ENDLESS VACATION" magazine, every 2 months, which is very informative. They have a travel agency for RCI members only, which offers discounted airfares, car rentals, cruises, as well as last minute mid-week or weekend getaways at greatly reduced prices, without having to use the time that you have deposited.

 

 Q 

What Fees Does RCI Charge?

A

Resort Properties, will give you an RCI membership for one year from the date of your purchase. Thereafter each RCI member is responsible for the RCI annual fee, which is currently $89, regardless of how many weeks you own. RCI charges an exchange fee every time you make a reservation with them.

All exchanges made in the USA and CANADA are $179

All International exchanges are $194

Should you wish to give a gift of your timeshare to a family member, business associate, or a friend, you may do so by purchasing a GIFT CERTIFICATE for $59, in addition to the above exchange fee.

 

 Q 

Can I Only Make An Exchange If Someone Else Uses The Week That I Own?

A

No. The moment that you place your week into the “Spacebank” pool, you immediately become eligible for a timeshare exchange, and can go ahead and make your request. As long as you “Spacebank” your week as early as possible, you should have no difficulty in obtaining an exchange to your liking. All exchanges are made based on availability. Last year, RCI satisfied over 98% of requests.

 


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