Originally posted by mkkim
I am new to exchanges and we are interested in Hawaii, Kona Coast Resort to be exact. Are you saying that if I deposit my points now that I probably will not get an exchange here until about 2 years?! If so.... what other resort on the Big Island do you suggest? And.. will most exchanges take 2 years? Thanks for your help. I am afraid to do exchanges as it is!
Not at all. Actually for II through
DVC, KCR is the only resort I'd consider. It's a highly rated resort and several DVC members have exchanged there and felt it was a good value. Exchanging is about planning, investigating and then a little or a lot of luck depending on what your specific choices are. Personally I'd consider anything less than 12 months as late on planning but many still get great exchanges at less than 12 months.
One piece of info to know when looking at specific exchanges is to get an idea of when owners deposit their units with II at a resort or area you are interested in. This is especially true if getting an exchange late makes affordable or FF miles air fare a problem. For the Caribbean that means a lot of owners don't deposit until around Dec or Jan when the dues are paid and many at just about 2 months before the week. II allows deposits at 12, 18 or 24 months ahead. Most are 12, a number are 18 (Marriott fixed weeks come to mind) and a few are 24 months (KCR and Paradise island which is no longer on the DVC list come to mind). I look at II on line all the time and the only resort that I ever see listed at around 2 years out that I would have any interest in is KCR. I recall looking last fall and seeing a number of June and early July weeks for 2004. I see a couple of November, 2004 weeks now. That means that a lof of the units that could have been available are now gone.
The problem with waiting is that means many of the deposits are already gone reducing your chances of getting what you want or getting it late. Since DVC will allow you to search 2 years out, that means we can take advantage of this issue. The ability to search first and up to 2 years out is a big one and makes up somewhat for the unequal value of the exchanges gotten compared to giving up DVC.
Another technique is to book your air fare while searching. At the same time looking for a reasonable priced rental or having a hotel or condo backup reservation that can be cancelled. This works especially well for HI.
One should note the way II orders the priority of those with requests. Every time a new members enters into the pool for those wanting what you're looking for, II shuffles the deck and reorders the waiting list from higher priority to lowest. Tie breakers are home resort priority and date of request. You might be first on the list one day and number 5 the next. While DVC has good trade power, a lot of other resorts/weeks do also.
IMO, direct exchanges and working with the smaller, independent exchange companies while at the same time working a DVC search first can enhance your chances tremendously. This past summer I had a DVC request going, regular II search, request with San Francisco exchange and Platinum Interchange while also talking to Trading Places. I ended up getting two 1 BR units at the Embassy on Maui through SFX and a direct exchange with an RCI member for a 2 BR at the Embassy on Kauai for 168 points. I got these early enough to use FF miles for all four tickets. He later offered it for a $900 rental and I asked "where do I send the check". There are so few resorts on the DVC list that by looking at all the other alternatives one can really improve the chances of getting exactly what you want.