Author
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Topic: More benefit by deposit first exchange than a request first?
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jancurious TUG MemberPosts: 213 From: From: Roseville, CA Resorts: Marriott Waiohai, Marriott Newport Coast Registered: Sep 2004
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posted 06-02-2005 21:36
Does anyone know if you are more likely to get your exchange by doing a deposit first rather than a request first? Does II differentiate on matching between the two given the same exact deposits? Did Craig ever address this?Jan IP: Logged |
Dave M Administrator TUG MemberPosts: 6817 From: Boston, MA Registered: Dec 2000
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posted 06-03-2005 06:13
In theory, there is no difference between depositing your week today and submitting a "request first" today. However, if you do the request-first and someone else deposits a week, that person should get the trade first assuming all other factors are equal.In practice, it shouldn't make much difference. But there are some definite differences. For example, if you change your mind and convert your request-first to a deposit, you'll lose your place in line. IP: Logged |
lweverett TUG MemberPosts: 158 From: Va. Beach, Va. Registered: May 2001
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posted 06-03-2005 06:27
Although, as Dave says, in a perfect world the deposited week should receive preference, you would think that it would be in II's interest to give preference to the request first exchanger, since this results in a new deposit for II to offer up for an additional exchange fee.------------------ Larry IP: Logged |
Dave M Administrator TUG MemberPosts: 6817 From: Boston, MA Registered: Dec 2000
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posted 06-03-2005 06:55
I don't think I understand your point, Larry. Perhaps you could clarify.It seems to me that the deposit-first method is better for II. If I deposit my week, that immediately gives II the opportunity to earn an exchange fee from someone else with my deposited week. However, with request-first, II doesn't get my week to use for another exchange unless they can match me to a week that I seek. IP: Logged |
floyddl TUG MemberPosts: 185 From: Raleigh, NC Registered: Nov 2004
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posted 06-03-2005 07:20
Dave, With request first II does not get to keep your exchange fee unless they match your request. They also do not get to offer my week to someone else until they match my request. If a week is deposited directly they have a pretty much guaranteed exchange fee both ways. Once a week is deposited a person will almost always consumate an exchange whereas a request first is not a guaranteed exchange fee. Therefore it is in II's best interest to give someone with a request first exchange what they want or risk losing revenue.IP: Logged |
camachinist TUG MemberPosts: 1616 From: Kerman, CA Registered: Feb 2004
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posted 06-03-2005 07:42
quote: Originally posted by floyddl: Dave, With request first II does not get to keep your exchange fee unless they match your request.
They do have it in their pocket (use of your money), with the caveat of having to return it if they cannot provide you with an exchange which meets your requirements in the time alloted (prior to the original booked reservation date). That was one of my beefs with II, having to pay them in advance for work not performed (yet). Since I operate net 30 (people pay me within 30 days after work is performed), I have a natural bias Now, my renters pay me prior to occupancy, and I feel like II and don't have to pay their membership and exchange fees anymore. Since most Marriott's are in demand in the world of timesharing, I'll either do direct exchanges or rent/swap. Perhaps, when we need more vacation time than our intervals currently afford, I'll consider joining exchange companies again for "bonus weeks" and the like. All that said, I did have good success with request-first exchanges with II. No way I'd ever give them one of our weeks without something definitive on the hook, but that's me. YMMV. Pat IP: Logged |
jancurious TUG MemberPosts: 213 From: From: Roseville, CA Resorts: Marriott Waiohai, Marriott Newport Coast Registered: Sep 2004
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posted 06-03-2005 10:16
Well I called II today & asked the question. Of course this was the response of just one person & who knows if she is correct but she said that they are treated equally by the computers. In other words when you make your request either way....they just take their place in line & are filled in order (assuming trading value is the same).Boy, wouldn't you just love to read the programming of that software? Jan IP: Logged |