When selling a deed, can a confirmed exchange be transferred?

[Lisa P Senior Member Find all posts View Profile Close Lisa P]

If we sell the ownership of one of our weeks to a buyer, and we've already deposited our week for next year with II, what options do we and they have?

Can we transfer the deposit into the buyer's II account? Will it retain its trade power?

If it has been used to confirm a nice exchange, can the deposit and associated confirmed exchange be transferred to the new owner? Will they be able to keep it or does II cancel it at transfer?

Thanks for your insight!

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

CAPS

If we sell the ownership of one of our weeks to a buyer, and we've already deposited our week for next year with II, what options do we and they have?

Can we transfer the deposit into the buyer's II account? YES
Will it retain its trade power? YES

If it has been used to confirm a nice exchange, can the deposit and associated confirmed exchange be transferred to the new owner?
THE 'DEPOSIT' IS NO LONGER AVAILABLE AS U USED IT FOR AN EXCHANGE - AS FOR THE CONFIRMED EXCHANGE - I DON'T SEE WHY NOT BUT YOU WOULD HAVE TO ASK.
IF THEY DO NOT ALLOW A CONFIRMED EXCHANGE TO BE 'TRANSFERED', YOU CAN GET A GUEST CERTIFICATE FOR THE EXCHANGE.

Will they be able to keep it or does II cancel it at transfer?
NO, THE EXCHANGE IS YOURS - WHEN U SELL YOUR TS YOU DO NOT GIVE UP OR RELINQUISH CONTROL OF YOUR II ACCOUNT.
THE NEW OWNER OPENS UP THEIR OWN II ACCOUNT AND YOU CAN TRANSFER THE DEPOSITED WEEK INTO THEIR ACCOUNT IS THAT IS PART OF YOUR PURCHASE AGREEMENT.
I DID THIS WITH A FOXRUN WEEK I SOLD A FEW YEARS AGO.

Thanks for your insight!
YOUR WELCOME

[JudyS Senior Member Find all posts View Profile Close JudyS]

I ran into this situation with a week that I sold a year or two ago. (It was also a Foxrun -- Pat and I seem to have a lot of ownerships in common!)

The deposited week can not be transferred to the new owner; rather, II can cancel it and give the new owner a "manager's week" instead. This manager's week is some sort of special credit that II issues. It has the same fees and trading rules as a regular week, but is not guaranteed to be the same trade power and quality level as the week that was canceled. I have heard that sometimes the manager's week is better, sometimes worse than the original week. In the case of the week that I sold, the buyer was very happy with the trade that they made with the manager's week, but the exchange they got didn't seem like a particularly difficult trade to me, so I can't really compare the manager's week's trade power to the trade power of the original Foxrun week.

There was also an AC (Accommodation Certificate) from the week that I sold; I had already exchanged it when I sold the week. I transfered the trade using a Guest Certificate. My understanding is that this is allowed; you can't rent an exchange, but transferring it (via a GC) when you sell the underlying week is OK.

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

Judy, I am not disagreeing with you - I think it is 'semantics'.

My point is the week CAN be transfered - if II "labels" it something else for their booking keeping purposes, so be it. But I have been reassured and the buyers have confirmed that the transfered 'week' performs the same as the original week.
I have done this more then once ....

[Lisa P Senior Member Find all posts View Profile Close Lisa P]

I very much appreciate this discussion. Thank you both for sharing your experiences! It's just the kind of info I need, since I have several of our weeks up for sale. Thanks again!

[Bill4728 Super Moderator Find all posts View Profile Close Bill4728]

Judy, I am not disagreeing with you - I think it is 'semantics'.

My point is the week CAN be transfered - if II "labels" it something else for their booking keeping purposes, so be it. But I have been reassured and the buyers have confirmed that the transfered 'week' performs the same as the original week.
I have done this more then once ....

Although it is just semantics, the key info is

-the week can be transfer to the new owner.
-the week will show up in the buyer account as something other than regular deposit from the resort.

[JWC Super Moderator Find all posts View Profile Close JWC]

I don't know about II but I did transfer 6 banked weeks at SFX to the buyer when I sold one of my timeshares last year. It was done as a separate sale. The buyer opened an account with SFX and then the weeks were transferred from my account to the buyer's account. However, the weeks still have my name on them as that can't be changed but they do belong to buyer now.