Can I ask a few OT RCI questions here?

[Liljam]

I know that generally, topics not DVC related get moved to the community board, but I was hoping this could stay here for a moment because there are many people that have knowledge of RCI.

A friend is planning to transfer a deed of his to me for a timeshare he can no longer use. I don't know much about RCI and I'm not even concerned about it's trade value with DVC. The place is located in Ocean City though in a week 45 which is Nov. and we would go there even in that week or trade out if possible. My questions - 1. Ir this complicated to trade if we choose to? It's 2 BR 2 bath Week 45. 2. I don't completely understand the whole thing yet, but in searching, the place (Ocean High) is currently undergoing renovations and may utilize RCI Points too. From what I've read hear, some RCI TS's are way better than others and have much better trading power so lastly, how do I find info on what would be tradeable with this one?

Can you (If allowed by DIS) please direct me to a place where I could gain the same type of knowledge about RCI that I have about DVC? I don't want to take over a deed that is going to be a pain in the butt, be we do love OC and don't mind heading there for a week even in the Fall when it's chilly.

If this has to be moved to the community board, I apologize for the inconvenience and TIA for any help.

 

[littlestar]

Go over to tug - tugbbs.com - do a search or ask questions about the resort your friend is trying to give you. Definitely do your homework as some ownerships can be a nightmare and you might never get rid of it if that's the case.

Don't get me wrong, I own other timeshares besides DVC points, but I was extremely careful on what I bought and probably studied tug for a year before I bought anything else besides our DVC points.

Good luck.

 

[gkrykewy]

It doesn't get much more "low season" than that...

 

[Liljam]

Thanks! I am a trying to be cautious that's why I knew y'all could help out! I appreciate the link too!

 

[CarolAnnC]

Hmmm how good is this friend? I would be cautious - you mention the timeshare is undergoing "renovations" and I would be sure there are no outstanding things such as special assessments which could cause you financial liabilities. Good luck..

 

[ldo]

the trade value would be very low. If you accept the deed, you are responsible for all annual fees and any special assessments. There are so many great timeshares that are selling for a few cents on the dollar, why would you want one like this? I agree, head over to TUG and you will learn a lot.
Elaine ps. my rule of thumb for TS is high season-high demand, not overbuilt. For the East Coast, it's hard to beat a summer beach week--but the week must fall between late June and early Aug (weeks 25-32, with 26-30 being the best).

 

[Brian Noble]

I wouldn't take it either. Offseason weeks at fixed-week resorts with highly seasonal demand can't be given away on ebay, and realistically have negative value. This sounds like one of those weeks.

If you want to expand your timeshare portfolio, there are better ways to do it, but take your time. It's very easy to buy (or, in this case "acquire") timeshares, but quite difficult to get rid of them.

 

[Liljam]

Thanks again! I knew nothing at all about special assessments. I briefly checked the TUG last evening but I was consumed with booking a band for the weekend that flopped (go figure!) I'm really glad to have you all here to learn from. I don't really know this person well enough to even call a friend really. He's an older man who know longer travels. I'll definitely pay attention to all of the details!