Under the Section titled "Lesson 1. Exchanging Your Timeshare Week"
One of the most attractive aspects of timesharing is the ability to exchange your timeshare week for a week at a different timeshare. In this way, you can use your timeshare week to obtain vacation accommodations at different times and locations throughout the world. Unfortunately, unsuccessful attempts at exchanging have soured many owners on timesharing and timeshare exchanging. This usually happens when the owner either doesnt understand how the exchanging system works, or the owner has unrealistic expectations about the types of timeshare exchanges they can make with the week they own. When the buyer then unsuccessfully tries to make these exchanges, they become disillusioned and upset about timesharing. Thus, to get the most benefit from timesharing, you should learn the basic rules for successful timeshare exchanging.
Under the Section titled "Making an exchange with an exchange company"
Once you have the right to conduct a search with an exchange company, you start the search by specifying criteria for your exchange, including such parameters as: check-in dates; geographic location; minimum unit size; and/or specific resorts that you will consider. The exchange company will immediately search to see if there is anything in their spacebank that meets these criteria and that is of comparable value to the week you are using as the basis for the search. If there is, you will be offered this as an immediate exchange; if not you will probably be offered the opportunity to enter an on-going search using those criteria. Requesting an on-going search is like being placed on a waiting list for future deposits of units that meet your search criteria.
Under the Section titled "The exchange value of a timeshare"
Note that when you unsuccessfully search for an exchange, that does not necessarily mean the exchange company (or the internal exchange program) does not have a unit that meets your criteria; it means that they do not have a unit that meets your criteria and which matches up with your week in exchange value. So, if you have an on-going search for a highly valued week and you are using a week with relatively low value, units that meet your criteria may be received and added to the spacebank, but will not be offered to you (at least, not right away).
Exchange value for a unit is established by the combination of supply and demand. When there are relatively few deposits being made for a given resort and use week in relation to the demand for that resort and week, those weeks will have high value. Conversely, high supply and low demand will create low value. NOTE: DVC members don't have control over which weeks are deposited into the exchange companies
Under the Section titled "Realistic timeshare exchange expectations"
Remember that a trade can only be completed if someone deposits a week that meets your criteria and there is not someone in line ahead of you for that week. You can increase your chances of being able to successfully make an exchange by increasing the number of resorts (or areas) into which you are willing to make an exchange and/or by specifying a wider range of check-in dates. If you are limited to traveling only during a very short period (as with a school vacation), then you should be sure that there are many resorts that will fit your criteria. Similarly, if you insist on going to a specific location or a specific small set of resorts, you should have a wider range of possible check-in dates. If you cant meet either of these criteria, you should consider that exchanging might not be a good use of your timeshare, and you should plan on owning a timeshare primarily for direct usage.
Under the Section titled "Exchanging Tips"
Plan your vacations in advance.
To increase your chances of completing an exchange you should start your search as soon as possible, after depositing your week as early as possible. Many TUGgers conduct their vacation scheduling two years in advance of the actual vacation days.
Be ready to travel on short notice
If you can travel on short notice you can take advantage of exchanges that become available shortly before check-in. As discussed previously, these weeks have little value to the exchange companies, so they make these available to any exchanger, or they offer to sell them to members for several hundred dollars. If you can travel on short notice, you can get nice exchanges using relatively weak (and inexpensive) deposits or for very little money.
Look for direct exchanges
Conducting a direct exchange gives you the benefit of knowing immediately that you can complete the exchange. Direct exchanges work particularly well with floating weeks, because then, with planning, it can be arranged that each owner can receive the exchange week that will be the most valuable to them.
Consider whether exchanging is right for you
While exchanging can greatly increase the value and enjoyment of your timeshare, you should consider whether it really works well for you. If your circumstances are such that you cant do the things that are needed for successful exchanging, you should probably not make exchanging a big part of your timesharing plans.