Tired of visiting the same vacation spot over and over? A timeshare exchange allows you to multiply your travel options. Get out of your timeshare vacation rut by swapping with other like-minded owners.
- Step 1: Be aware of exchange and upgrade fees. Read the fine print and know exactly how much you'll pay for the swap and any accompanying upgrades. Some companies charge only a nominal fee, while others cost more.
- Step 2: Eliminate the middleman by exchanging directly with other timeshare owners. Use a computer to look online at available timeshare swap sites. Or try trading with friends. Now you can enjoy your vacation time in a new area.
- FACT: The first timeshare in the United States was developed in Hawaii in the late 1960s.
- Step 3: Market your timeshare property with a timeshare exchange company. Such companies serve as clearinghouses for owners who want to swap timeshare locales. Be sure to research the prospective company to make sure it's reputable before you sign any agreements.
- TIP: Be flexible. Look into several available destinations with various travel dates and have a back-up plan if your first choice doesn't work out.
- TIP: Arrange an equal trade, with comparable housing and services. If you want to exchange your one-bedroom condo in the low season for a five-bedroom resort during peak travel season, be prepared to pay an upgrade fee.
- Step 4: Find out if your program offers an exchange program. Some companies have an in-house exchange program where timeshare owners can swap their property with others within the company at a reduced rate.
- Step 5: Plan ahead for your exchange. Start looking at your destination choices and options six to 12 months prior to your expected travel time.