we hear this a lot |
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Owning a timeshare and doing nothing with it is like owning an RV and not going anywhere,
it doesn't make much sense. People fall into two camps here, those that intend to go, but life gets in the way,
and those that used to go, but either life changed or the destination is not as desirable as it used to be.
There are options for owners to exchange their weeks and go other places, or rent out their week while they rent
from another owner. Usually it comes down to how much time and effort you want to put into the process, which is
where the timeshare experts at WASI can really help you! |
exchange is an option |
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Just because you own a timeshare doesn't mean you have to keep going to the same place again and again. One of the
greatest benefits of timeshare ownership is trading your vacation time for other locations around the world. You still own
your original timeshare, but temporarily swap for another one. Over 80% of timeshare owners exchange at one time or another. Normally, you pay $50 to $150 to join an exchange company. These companies normally charge $100 to $200 to exchange your week. Resort Condominimums (RCI), Interval International (II), Trading Places (TPI), and San Francisco Exchange (SFTR) are some of the major exchange companies that can trade your timeshare. |
renting is an option |
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If you want to travel to other destinations, but don't want to pay exchange fees, consider listing your timeshare for rent.
WASI rents your unit, and you rent a different owner's unit. The difference between renting and exchanging is that you are
not guaranteed what your unit will rent for, and you have to pay for the unit you rent, but you do NOT have to pay membership or
exchange fees or worry about converting to points. WASI handles all the details of the transaction, including escrowing your money until AFTER you have
completed your travels, giving you complete protection and piece of mind. WASI can list your timeshare for rent while it is on the market for sale. WASI normally recommends renting your timeshare before selling it. The reason for this is simple, if you sell you will most likely not recover your full purchase costs, and of course there are those maintenance fees you have been paying. Renting gives owners the opportunity to recover some of that investment. Again, this option depends a lot on your individual situation. |
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