Newbie questions

[Monty Junior Member Find all posts View Profile Close Monty]

Hi,

Brand new at this, so if anyone can help with a few basic questions that would be great!

We have a week in a 2brm unit which apparently we can split to get 2 weeks in 1brm units.

Is it possible to split and then deposit those 2 weeks separately and in different exchange companies? E.G - RCI offers more range in our local area so a week there would be good, but we're looking at SFX for overseas travel for other weeks.

Also, is this process simple? It sort of seems that RCI is the 'default' depositing organisation, unless I'm missing something. We have to fill out an 'Owner's Option' form indicating whether we're going to use our week, or whether we'd like to transfer our week to our RCI account. There doesn't seem to be an option to say 'we're not using our week but we're using SFX, not RCI'. Any help in what to do here if we do want to use a different company?

Finally, regardless of what trading company we end up depositing our week into, if we end up changing our mind/not getting a trade result, can you withdraw a week that you'd already deposited?

Thanks in advance

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

We have a week in a 2brm unit which apparently we can split to get 2 weeks in 1brm units.

Is it possible to split and then deposit those 2 weeks separately and in different exchange companies? E.G - RCI offers more range in our local area so a week there would be good, but we're looking at SFX for overseas travel for other weeks.

Also, is this process simple? It sort of seems that RCI is the 'default' depositing organisation, unless I'm missing something. We have to fill out an 'Owner's Option' form indicating whether we're going to use our week, or whether we'd like to transfer our week to our RCI account. There doesn't seem to be an option to say 'we're not using our week but we're using SFX, not RCI'. Any help in what to do here if we do want to use a different company?

It all depends on your timeshare, some are adamant that they have an 'exclusive' arrangement with RCI. But, you should be able to split and deposit with anyone who will accept your week. From the sounds of your 'paperwork' your timeshare is not cooperative. I would tell them I'm 'using' it and then deposit with an independent like SFX, DAE. TPI, etc. Then hope that the resort 'confirms' when they are asked by the independent exchange company.

Finally, regardless of what trading company we end up depositing our week into, if we end up changing our mind/not getting a trade result, can you withdraw a week that you'd already deposited?

No, not normally, your week went into their system and someone probably already got it.

[Mark @SFX Industry Representative Find all posts View Profile Close Mark @SFX]

Hi,

Brand new at this, so if anyone can help with a few basic questions that would be great!

We have a week in a 2brm unit which apparently we can split to get 2 weeks in 1brm units.

Is it possible to split and then deposit those 2 weeks separately and in different exchange companies? E.G - RCI offers more range in our local area so a week there would be good, but we're looking at SFX for overseas travel for other weeks.

Also, is this process simple? It sort of seems that RCI is the 'default' depositing organisation, unless I'm missing something. We have to fill out an 'Owner's Option' form indicating whether we're going to use our week, or whether we'd like to transfer our week to our RCI account. There doesn't seem to be an option to say 'we're not using our week but we're using SFX, not RCI'. Any help in what to do here if we do want to use a different company?

Finally, regardless of what trading company we end up depositing our week into, if we end up changing our mind/not getting a trade result, can you withdraw a week that you'd already deposited?

Thanks in advance

Monty - thank you for your post. May I ask what the name of your resort is?

Thanks,

[Mark @SFX Industry Representative Find all posts View Profile Close Mark @SFX]

It all depends on your timeshare, some are adamant that they have an 'exclusive' arrangement with RCI. But, you should be able to split and deposit with anyone who will accept your week. From the sounds of your 'paperwork' your timeshare is not cooperative. I would tell them I'm 'using' it and then deposit with an independent like SFX, DAE. TPI, etc. Then hope that the resort 'confirms' when they are asked by the independent exchange company.

No, not normally, your week went into their system and someone probably already got it.

Monty - Spence is essentially correct (Thank you Spence). Although some resort staff (out of ignorance) are adamant about you only depositing your week with the resort's formally affiliated exchange company, you have the "Legal Right" to request the service of any exchange company you want, regardless of any exclusive affiliations. Your resort only has RCI as the exchange company listed, as that is their formal affiliation, and that's why it's the only exchange company on the form.

To deposit your week with SFX, assuming it's a qualified property, all you would have to do is contact your resort and reserve a week in preferably a Prime Time season, then login to your SFX account and deposit that week online. We then take care of the processing with your resort. It's that simple.

Once the week is banked, it is then used by another member for their exchange. The only way to redeem the week back, is for an exchange.

Hope this helps...

[Monty Junior Member Find all posts View Profile Close Monty]

That does help, thanks.
The resort is at the Grandview Las Vegas, 2brm lockoff, week 39.

So if I inform the resort I'll be using my week (or even 1brm, 1 week), then SFX has no problem in trading that week to another person (assuming my resort qualifies for SFX)...that sounds easy enough

I guess my only worry with that is with what Spence mentioned - I have to rely on my resort cooperating with SFX when they call. Mark, have you had any dramas with the grandview in the past...and is that a resort SFX accepts?

Thanks again!

[Jim McLaren Member Find all posts View Profile Close Jim McLaren]

That does help, thanks.
The resort is at the Grandview Las Vegas, 2brm lockoff, week 39.

So if I inform the resort I'll be using my week (or even 1brm, 1 week), then SFX has no problem in trading that week to another person (assuming my resort qualifies for SFX)...that sounds easy enough

Monty,
I would also be careful about how you split and bank. If your LO splits into a one BR and a studio I would bank the 1 br with SFX and the studio with RCI. It's my understanding that SFX won't take your studio. Before you lock it off I would get Mark's blessing on that. Even with the 1 br. But it really is that easy.
Jim

[Mark @SFX Industry Representative Find all posts View Profile Close Mark @SFX]

That does help, thanks.
The resort is at the Grandview Las Vegas, 2brm lockoff, week 39.

So if I inform the resort I'll be using my week (or even 1brm, 1 week), then SFX has no problem in trading that week to another person (assuming my resort qualifies for SFX)...that sounds easy enough

I guess my only worry with that is with what Spence mentioned - I have to rely on my resort cooperating with SFX when they call. Mark, have you had any dramas with the grandview in the past...and is that a resort SFX accepts?

Thanks again!

Hi Monty - We do accept Grandview Resort. (Very nice property). If you have a "lock-off" unit, please keep in mind if you are not depositing the whole 2 bedroom, the minimum we would accept is the Master 1-bedroom portion.

We have not had any problem with the resort's management in processing deposits into SFX. As mentioned earlier, it would be illegal for them to prevent you using alternative resources for service.

Simply reserve your week at your resort. Note the arrival/departure dates, unit size and "reservation number".

Then login to your SFX account and click the Deposits Tab and follow the steps. If you need assistance, please call 1.800.739.9969.

Hope this helps...