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Author
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Topic: Buying a trader for the independents
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Carolinian
TUG MemberPosts: 5714
From: North Carolina
Registered: Dec 2000
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posted 04-06-2005 05:10
    
The issue Boca brought up on the Exchanging board about buying a cheap blue week to use as a DAE trader raised the question about what the optimum trader for the independents would be.My thought is that it would be a 2BR pink week at a resort with a low m/f and good resale prices, preferrably in a location that the buyer would not mind going to themselves from time to time. A pink week can often be acquired for not much more than a blue week, and is easier to sell if that becomes necessary. It is also more likely to be something that the owner may want to use himself on occaision. While the restricted universe of what SFX will take makes buying to use there tricky, any such pink week would seem to cover the bases for the other independents. HTSE seems to take about any red week. DAE and Interchange take any week. Platinum and Trading Places trade season for season but seem to treat all reds equally. Size does matter with some of them, hence buying a 2BR. If I were looking for a week solely for this purpose, I would look at a pink resale at The Windjammer, with consistently the cheapest m/f's on the OBX. Of course, if the independent I was using was UKRE, I would have to look at one further restriction; the resort would have to be in the UK. IP: Logged |
Bill4728
TUG MemberPosts: 300
From: Sumner, WA Owner: Club Intrawest, Monarch Grand Vacation & Mountainside Lodge
Registered: Apr 2004
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posted 04-10-2005 09:26
quote:
Originally posted by Carolinian:
My thought is that it would be a 2BR pink week at a resort with a low m/f and good resale prices, preferrably in a location that the buyer would not mind going to themselves from time to time.While the restricted universe of what SFX will take makes buying to use there tricky, any such pink week would seem to cover the bases for the other independents.
As you said SFX is tricky. They seem to take only red and pink weeks and sometimes not even those. For resorts which II or RCI has as RED 1-52, SFX has given them additional seasons of prime, high and other. SFX probably will not take weeks that aren't in their prime or high season unless the resort is an absolute top of the line like the Marriott, Westin or Four Seasons in SoCal. This is why most people like to trade with SFX, because they take only the best weeks and therefore you get only a great week back in trade.
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Bill IP: Logged |
Carolinian
TUG MemberPosts: 5714
From: North Carolina
Registered: Dec 2000
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posted 04-10-2005 16:41
quote:
Originally posted by Bill4728:
As you said SFX is tricky. They seem to take only red and pink weeks and sometimes not even those. For resorts which II or RCI has as RED 1-52, SFX has given them additional seasons of prime, high and other. SFX probably will not take weeks that aren't in their prime or high season unless the resort is an absolute top of the line like the Marriott, Westin or Four Seasons in SoCal. This is why most people like to trade with SFX, because they take only the best weeks and therefore you get only a great week back in trade.
The problem is that sometimes people LIKE to travel in shoulder season. For Europe other than beach locations, I much prefer spring or fall over summer. Late March or early November, when you can get the lowest airfares, weather is still pleasant, and you don't have to deal with the crowds is my favorite time. In some European countries, this is not red time. Why would I want to exchange through a company like SFX that might turn up its nose and not accept those weeks???? That's really why I prefer the other independents. IP: Logged |
dude-luv
TUG MemberPosts: 30
From: Powell Place
Registered: Mar 2004
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posted 04-10-2005 21:47
A cheap resale such as Powell Place might fill the bill. The maintenance fees are not cheap but the initial layout for a studio or one bedroom isn't bad. I picked up my studio for $1500. SFX accepts all weeks of the year in San Francisco. Gold Crown in SF attracts top points in RCI and SF is a strong trader in almost any system. Great city but an even better trader.IP: Logged |
reddiablosv
TUG MemberPosts: 220
From: Riverside, CA. USA
Registered: Oct 2003
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posted 04-10-2005 22:31
For a DAE trader, I suggest WIVC membership. The members own the club, manage the club, and the club owns the resorts or multiple units at their resorts. You can buy a membership for under 1K on ebay and the MF fee for a one bedroom unit is $346/yr. At least one of their resorts is GC and the rest predominately RID in the RCI system. Some also trade with II. I paid $696 for a two week per year one bedroom membership last year on ebay. I have not traded the units yet, as so far, I have easily rented the units for 2X the MFs the last two years. I figure doubling my MF is a good return on my initial investment and better than the trade value I would receive thru DAE or any other exchange company. I know that DAE accepts the units, and originally I thought I would be trading the units with them. It just has been to easy to rent them for a profit the last two years to consider using them for exchange. BenIP: Logged | |
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