Category: time share investments

Orlando Timeshares

Orlando is the worlds most popular family vacation destination. Blessed with one of the longest white sandy beachfronts of the world and safest bathing beach Orlando offers unlimited excitement and fun. It is a paradise for vacationers and especially children. Dotted with theme parks it offers a complete experience to the visitors. The popular destinations of Orlando are:

* SeaWorld
* Downtown Disney Marketplace
* Orlando Convention Center
* Epcot Center
* Disney’s Animal Kingdom
* Disney’s Pleasure Island
* Disney’s Magic Kingdom
* Walt Disney World Resort
* Disney – MGM Studios
* Prime One Outlet Mall
* Universal Studios
* Church Street Station
* Citrus Bowl
* Kennedy Space Center
Also Orlando offers vacationers with a plethora of amenities like beaches, boating, live entertainment, golf, water skiing, restaurants, shopping area, grocery stores, auto rentals, hairdressers, best medical facilities, innumerable resorts, top class hotels and what not. There might not be many people who have not visited Orlando but yes there are some people who cannot afford expensive Orlando. The timeshares provides an ideal choice to those people who want to come to Orlando year after year with families and friends. Some of the best names in the business are Westgate Timeshare, Marriott Vacation Club, Hilton Ground Vacation Club and Disney Vacation Club. The best thing about timeshares is that it not only gives you accommodation but also gives you discount on many entertainment places, theme parks and also restaurants.
No other place in the world offers such outstanding theme parks and facilities as Orlando. Orlando has seven theme parks, three water parks and ninety other attractions. And from world class shopping malls to theaters to fine restaurants, Orlando has everything one needs for a perfect vacation trip. Not only that many departmental stores are located near theme parks for visitors convenience.
Coming to the climate, summers are very hot and hum in Orlando. The winters are mild with temperatures keeping around Sixty to Seventy Fahrenheit. The rains lash Orlando from June to September with prevailing hot temperatures. So vacation should be planned accordingly because weather is a factor to be considered. And remember to take light clothing when going to Orlando for the summers.
Orlando is well connected to the rest of the nation and the world by air. Orlando International Airport serves many international and national destinations. It is fifteen miles from central Orlando. There is another airport located thirty five miles north from Orlando by name Sanford Orlando Airport. Also one can travel by train if traveling within U.S. There is an Amtrak station which provides service from Orlando to neighboring cities and to many other states of the country. There is a bus service also within Orlando which connects different parts of the city and suburbs. It also provides free service on some routes.
So, one doesnt need to think of what to do in Orlando with so many world class theme parks and exceptional facilities. Also the availability of wide variety of transportation choices makes it an ideal choice for visitors to go to Orlando year after year. Also availability of reasonably priced timeshares is another reason to go to Orlando. Many big companies and resorts sell timeshare ensuring the safety of your money and offering the best services. Do you need to know more to get ready for your next vacation to Orlando?
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Tax Information about Timeshares

Some people have a misconception that timeshare sales are not subjected to income tax. But in reality timeshares sales are subjected to income tax. It is treated similar to any other kind of real estate property. As a timeshare property is a capital asset so when you sell a timeshare and make profit on it, it is considered as a capital gain. But you have to own the property for more than one year for it to be eligible for income tax. You can include all the costs associated with buying a timeshare like closing costs you had to pay when buying your timeshare, the annual maintenance fee for all the years that you owned the property and special assessments if any.

But Like any other real estate property if you sell your timeshare and if you incur loss which is called capital loss, you many not be able to deduct the losses in your tax returns. But situation might differ if you regularly rent the unit; any loss on sale would be termed as allowable business loss and would thus be deductible as an allowable ordinary loss in tax returns. Loss on sale would not be allowed by IRS if the unit had been converted back to personal use before selling.

There are no other deductibles allowed against timeshares. The exception is the property tax only if it is billed separately. They are also deductible if the resort differentiates it as a different item on your maintenance fee bill. You may also be able to deduct the interest on a timeshare loan, but, only if the loan is taken as a mortgage and there should be no other deductible mortgages except your primary home mortgage. But sad thing is not all timeshare loans qualify as mortgage loans as they are primarily termed as consumer loans. Also you have to keep in mind that you cannot deduct interest on multiple timeshare loans at a time if you also have a primary home mortgage. But you might be able to deduct interests on multiple timeshares if they are at same resort, as they can be viewed as one timeshare.
The timeshares can also be used for donating to a charity. But there are some restrictions. If you want to donate a deeded timeshare, the allowable deduction is normally equal to the fair market value of the timeshare on the date of donation. If the fair market value exceeds five thousand dollars you will have to get a written appraisal that should meet IRS guidelines. In case of non-deeded and right to use timeshares which are considered as tangible assets, additional rules apply. The fair market value of the timeshare must be reduced by the amount equal to any gain that would have been made had the property been sold by the owner.
When it comes to renting your timeshare you can claim deductions on all expenses including depreciation cost, cost of advertising, rental commissions and maintenance fees. Certain kind of special assessments may be deductible like repairs and unexpected expenses. Expenses like remodeling may not be deductible, so are the travel expenses

Also one has to remember that vacation home rules apply if you use it for at least fifteen days each year for personal use. The timeshares can also qualify however you should use it at least 15 days.

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Alternatives to Timeshare
Over the period of decades the popularity of timeshares has grown by many folds so much so that over two million Americans have timeshare properties in country and out of country. But the rise of timeshare industry saw the rise in scams and frauds. More recently the timeshare industry has been plagued by unscrupulous activities of frauds and scammers. Notwithstanding these serious problems with timeshares a new breed of alternatives are emerging. One of the main reasons why people were attracted towards timeshares was that it will be an expensive affair for a big family to vacation every year at a hotel or a resort. Timeshares proved to be an economical solution to all that.
But on the flip side of it, buying a timeshare requires large upfront fee and the timeshares typically range anywhere from ten thousand dollars to fifty thousand dollars also. On top of that the buyers have to pay the annual maintenance fee, property taxes, management fee etc. which could range from few hundreds to over a thousand also. People have begun realizing that why pay more money and still use the same property every year for only one week. And people get bored of going to the same place again and again. Although some timeshares offer exchange program which would allow owners to exchange their timeshare units across different resorts and locations but it is not that easy with exchange costing more bucks. And when the owner wants to sell a timeshare unit it is not that easy task. Timeshares are one of the most difficult properties to sell. Even when they sell they sell at 30%-50% lower than their original price.
Now a new era of concepts is taking vacation industry by storm. And this era is represented by concepts such as resort memberships and condo hotels. A resort membership is a one time investment i.e. you have to pay the membership fee only once and you can enjoy the benefits of the resort life long. And what more you are not required to pay any maintenance fee or taxes. Resort memberships can cost anywhere from few grand to few hundred grand. Some resort membership may also have yearly fee. But if you do a good research there are some resorts within the range of affordability. The best deal that one can get is may be a lifetime member ship for around three grand and a limited five year membership for two grand. And the members have access to not only the resort they have membership in but they can choose from hundreds of resorts worldwide available in resort companys network. And there is no limit on number of times you want to go and at what time you want to go, your vacation is always assured.
Another concept that is getting popular is condo hotel which is a relatively new concept and only very few people own condos in hotels. But the concept is receiving good reviews and is gaining popularity with the time. The way it works is it allows people to buy condos in luxurious hotels and utilize the benefits of all the amenities available in the hotel. If the owner is not using the condo he can put his condo for rent and can receive percentage of the revenues it produces. A condo hotel in comparison to a timeshare offers more flexibility, is better furnished, and has better amenities, better services and many locations.
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How to avoid a Timeshare Fraud

As with any kind of investment, the chances of your timeshare investment ending up in a fraud or scam are very much possible. A fraud or a scam can prove devastating for you both financially and mentally. It may take a while for you to recover from its backlash. Those of you who have already been a victim of these notorious frauds and scams can understand the trauma that they have experienced and gone through. That dream vacation that you may have been planning since a long time ended up being a nightmare for you.
But if you think you are the first person to have been scammed hold on there are many more people may be in hundreds who have been the victim of this unscrupulous behavior of some individuals.

As a matter of fact the timeshares are one of the safest ways of experiencing many popular vacation places. How about a secluded journey to the geographical wonders of the world? How about that romantic getaway in a beach resort? Sounds exciting, but these are one of the marketing tactics used by the scammers to lure people into thinking about buying a timeshare. In fact this is their first victory in setting a trap for you. This does not mean that every timeshare company who uses this tactic would be a scammer. The essence of that is to be precautious and not get impulsive about it in the first go. Always think and rethink before making a decision on buying a timeshare. Restrain yourselves to the maximum.

One of the important criterions is selecting a right timeshare company. As a rule of thumb, always go with large, well established timeshare companies who have been in the business for years. In this way you know their history very well and their reputation in the market. They are less likely to fraud a person than a new or a small company. This is applicable when it comes to the resale of your timeshare property.

Many times the catchy style of marketing techniques of these scammers can easily raise red flags and you can avoid being scammed. It first starts with an invitation to a timeshare presentation. They offer you a gift if you attend the presentation which may look expensive but in reality is not. Sometimes they may also inform you that you have won a gift and you can claim it by attending the free presentation. And then once you fall prey to it and attend the presentation which turns to be nothing more than a gimmick, they start using pressure selling techniques and they wont let you go out unless they have you sign something just like dealers selling used cars who say we will sell you this car for this much price if you buy it today. They may say the property is only 5 minutes walk from the beach but in reality it may turn out to be 15 minutes away from the beach. Sometimes the property might not be the same they described in their presentation taking advantage of the fact that nobody would go to Florida or Carolina to see the property themselves before buying it. And in some rare cases the property might not even exist at all. What we learn from this is to read the fine printed lines in the invitation if you are sent one. Never ever succumb to their pressure tactics and refuse to sign any kind of paper.

A much better idea is to consult a lawyer before signing any contract documents and see if all the promises that were made verbally are being fulfilled or not. Do your home work before buying a timeshare by researching the market prices in the location you are buying. And also ask for contact numbers of the previous customers. Make sure you call them and find out everything you want to know about the company and their properties.

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Timeshare FAQs

Although the concept of timeshares is not new to the public still people have many questions about timeshares. Few of the most important frequently asked questions that people enquire about are discussed as follows:

Is renting a timeshare better than buying it?

Buying a timeshare gives you much bigger choices. As an owner of the timeshare you get the amenities are better and cost much less. Owners can get discounts on lodging, entertainment, food, travel and many other resort facilities. The average rental fee is way higher than the average maintenance fee and is also increasing every year. In addition to all the above benefits a timeshare owner has equity in the property which can come to the advantage of the owner when he wants to sell it.

Is buying a timeshare good investment?

Many people get this question in their minds whether to buy timeshares as an investment. The answer can be disappointing to you because it has been seen that the value of the timeshare depreciates with time and they can go do as much as 30%-50% depending on the location and season. A timeshare should be thought as an investment in life, for guaranteed vacations and better facilities. Also if you compare the cost of owning a timeshare with a hotel in long term period, a timeshare would save you a lot of money.

Can you rent your timeshare to somebody else?

Sure you can as long as you are the legal owner of that timeshare meaning you cannot rent out a timeshare that is received in exchange.

What is the procedure of making an exchange?

Most timeshare companies have business network with timeshare companies and you are automatically enrolled into exchange program and also the fee for the first year is paid by the timeshare developer in most cases. You can also go to the timeshare exchange company and put your timeshare for exchange. But keep in mind few things like you will get similar kind of unit meaning you cant expect to get a two bedroom timeshare in exchange of a one bedroom. Also plan in advance if you plan to exchange timeshare as it may take a while depending on the availability. Also remember there is a fee for exchanging timeshares.

What are fixed week and floating week?

In a fixed week plan you are entitled to use your timeshare only at a specific week each year and specific unit. But in a floating week you have the option of choosing a range of week but only on first come first serve basis as many owners would like to do the same thing. The advantage of a fixed week is that your timeshare week is assured and also the unit you want. While floating week is advantageous to people who have schedule conflicts with fixed unit timeshare.

Are there any other additional fees when you buy a timeshare?

The answer is yes. Typically there is a maintenance fee and other fee like transfer fee if you are transferring a timeshare. There may be property tax also.

Should I have to pay any upfront fee while buying/selling a timeshare through a broker?

The answer is strict no. Experts say never every pay an upfront fee to buy or sell or rent timeshare. Like any other industry timeshare industry is also prone to many scammers and frauds. There have been instances where people paid huge upfront fee and they got nothing in return.

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Timeshare Presentations: How to survive?
Have you ever attended a timeshare presentation? I wish you would never attend one. It is traumatic experience sitting through a timeshare presentation. Compare it to buying a used car from a dealer; this is even more frustrating experience as more money is at stake here. What is a timeshare presentation? It is nothing but a sales pitch by the timeshare companies to force people into buying their timeshares. It begins with an invitation offering you an expensive free gift in return of attending the presentation. Now you go to the presentation thinking that there is no harm in attending and you get a free gift also in return, but you realize that you have made the biggest mistake of life only when you sit through the painful presentation.
The expensive gift turns out to be a gimmick and you are subjected to sheer pressure tactics of selling. The presentation usually last for ninety minutes and may go on and on in some cases. After the presentation, the salesperson will encircle you and will ask you if you have any questions. They go to the extent of literally pressurizing you. They want you to either make a commitment or sign a paper before leaving the presentation. When you say constant no to him, the manager will approach and offer you a good deal. Sometimes it becomes very hard to resist the temptation after being offered such great deals. But you have to go mentally prepared to say no to them at any cost. Tell them clearly that you have already spent your precious time and cant spare your time further. Say that you have an appointment with somebody and you have to leave immediately. And do not forget to take your gift before leaving the presentation after all that was the reason why you attended the presentation.
The salesperson and the managers would do their best to convince you to sign some papers by offering many offers, but you should stick to your resolution to not to fall into the trap by constantly saying into your mind that no, I cant afford to buy a timeshare and will I be able to make payments every month. Politely say no to any offers however attractive it may look. Also say them that you need time to decide, take their contact number or fax number and tell that you will notify them about your decision. Also tell them that you would not tolerate any courtesy calls or emails.
You can also tell them that you already have a friends or family members in that timeshare location and you dont need to buy a timeshare. Also another reason you can give them to escape is that you just came to the presentation for the free gift or you can also say that you just wanted to educate yourself about timeshares and it is too early to make a decision about buying a timeshare. You can also say that you are not one of the frequent vacationers and would be able to vacation year after year and even if you go for a vacation you dont like to go to the same location every year. Also say that you are not in the financial position to invest in anything now or in near future. Thus we have seen it all depends on our mental setup to sit through a presentation and still survive it.
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Risks involved in buying Timeshares



Buying Timeshares can be rewarding for many people. It might a money wheel for some. Last but not the least; it can be a profitable investment for many. But the story doesn t end here itself. While many people may reap the rich benefits of timeshares there are several others for whom the timeshare investment was nothing more than a mere fraud and dream resorts turned into nightmares. Thus investing in a timeshare should always be done with high alertness and caution. Before signing a contract or a check always weigh in both the benefits and the risks involved. If proper precautions are not taken these money spinners can turn into money losers. Always read the finely written statements before signing a contract.



The timeshares are basically classified into deeded and non-deeded plans. In a deeded plan, an individual buys an ownership in a piece of real estate property. The owner usually gets the title of the property and the property is also inheritable to the heirs of the owner. Where as, in a non-deeded plan or right to use plan, an individual buys a lease, a club membership or a license that lets you use the property for a specific amount of time each year and for stated number of years. But in both the cases the cost of the unit is directly proportional to the season of the year and length of time an individual wants to buy. The rights of the timeshare owner ceases after the lease expires in right to use timeshare.



Every individual takes adequate care while making a major investment. And this applies in the case of buying a timeshare also. You must read all the documents carefully and understand fully what you are getting for your investment before signing any agreements or paying any fees. A professional advice might also be critical involving big timeshare investments. So take expert advice from people who have bought timeshare before or your attorney. Here is a checklist of what all people should consider before buying a timeshare property.



If you are buying a timeshare from a timeshare resale company verify that they are licensed brokers. Easy way to verify this is by asking the license number of the broker. Then you can verify that with the State Department which deals with these kinds of transactions and know about the history of the broker. Be vigilant when you are buying a timeshare from a non-licensed firm, your money would be at stake as the non-licensed firms wouldn t have much to lose, so greater chances of fraud exist.

Keep in mind that timeshares are for personal recreational use and do not expect profit or loss. A resale of timeshare may or may not reap good return.

If you are buying a right to use timeshare watch out, if the sponsor declares bankruptcy, you may lose your rights.

If you are buying a timeshare in a property where the facilities have not been fully installed take a written commitment from the seller that they will be finished in a specific amount of time.

Any claims made by the seller about the returns on the investment in timeshare should be questioned because the future value of a timeshare depends on many factors.

Do not get impulsive when buying a timeshare. Read each and every paper thoroughly. Take adequate time in researching, analyzing and making a decision to buy a timeshare.

Never believe in the word of mouth, neither on phone or face to face. Request everything in writing especially the promises that were made orally.

Try to find out whether the exchange program will be guaranteed or not. Sometimes it isn t. So make sure to find it out before buying. Buying a timeshare without an exchange program is not worth the money because you will get bored going to the same property every year and also you will not have the flexibility of schedule if you don t have exchange facility.



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Tips for Renting Your Timeshare

Many timeshare owners know how difficult it is to sell a timeshare. But not many timeshare owners know how difficult it is to let your timeshare for rent. The truth is many owners do not take a right approach to rent their timeshares to interested people. A wrong approach can not only increase your net loss on renting but also in some cases your unit may remain unoccupied without being rented. But if you adopt a right strategy and approach you can minimize this liability to a great extent. Basically there are two approaches which are discussed in the following paragraphs.

One approach is to go to your timeshare resort and tell them to let your unit for rent. Although it looks like an easy option which saves us from the hassle of advertising. But timeshare resorts typically charge a fee for renting out the unit. The resort pools the rental income with other timeshare owners. The resort then splits the income if the unit was not rented for a whole week. This is the reality and timeshare resorts tell its owners before hand not to expect the unit to go for whole week of rental. It can be either 2or 3 days or 3or 4 days or rarely may be a week. And worst thing about renting through the resort is its whopping 30-40% commission which is a great loss for the timeshare owner. Let us do a quick calculation of numbers. If you rent out the unit for $150 per night and assume that someone is renting it for 3 days. So three day total rent should be $450. If the resort charges a commission of $150 then you are only left with $300, which is your net rent. Now if you pay $400 in annual maintenance your net loss will be $100. Now you got to question yourself is this really worth it? Obviously the answer will be no. Let us forget for a moment that you want to make a profit on your rental but at least you dont want a loss also or to be practical, a minimum loss.

Now let us look at other option of going through a broker to rent your timeshare unit. When I say broker beware, like any other industry timeshare industry is also susceptible to scammers and frauds. Make sure that the broker is a licensed broker and specializes in timeshare rentals and sales. A reputed name will be a safe bet in this regard. Ok now, you went to a licensed broker and he charges twenty five percent commission which is little better than your resort company. There was a huge rush of people to rent their units. You wait for a week, for two weeks and now months have gone by and still there is one to rent your timeshare. Now you have to pay your annual maintenance fee, you feel that you have not done enough to manage your rental property properly. You now consider other options.

The other option is to market your timeshare property by yourself which is the best and most reliable option. What are the available options? You can either put an advertisement for rent in classifieds of newspapers or through the classifieds run by Timeshare Resort which targets the right people i.e. those who are willing to rent a timeshare. The other option is to put your unit on auction sites such as eBay and bidshare.com. And keep in mind that your timeshare will be listed in travel section but not real estate. You have to be preapproved by square trade which can take up to five days. The square trade will also need a proof of the ownership of the timeshare unit preferable deed or the maintenance bill. After this the unit is placed on auction on the website. Remember to be cooperative to the bidders and answer all their queries and give them the complete information about the unit. Your timeshare unit could go as close as your maintenance fee and thus less loss. The bottom line of renting your timeshare is to never to expect a profit on the rent but only less loss.

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Renting a timeshare
Although it is not the best of the ideas to rent a timeshare but in some cases it works out to be more economical than other options. Timeshare rentals were not so easy to find earlier as the owners of timeshares dont make any profit when they rent out their timeshare units and also very less people had timeshares. Over the past few years the popularity of timeshares has grown tremendously and there are many big names entering into the business now. There are over two millions American who have timeshares. The timeshare rentals are available because some owners have no other option but to rent out their units as they couldnt use it due to their hectic schedules. The timeshares can be rented through timeshare resorts who rent the units on behalf of their owners. Timeshare units can also be rented through brokers dealing with timeshare rentals and sales. But always be careful while approaching the brokers because the timeshare industry has witnessed many frauds and scams due to some unscrupulous brokers. Make sure the broker is a licensed broker and reputable also. One can also rent timeshares on auction sites like eBay in travel section and also bidshares.com which is timeshare exclusive website.
But how will the timeshare rentals work out. Let us do some math. If you rent a hotel or a room in a resort the rent per night typically costs around $200 per night. Which means it is around $1,400 for a weeks vacation and if you have more people and if you need another room it will end up totaling $2,800. Compare this to a timeshare rental which may cost $150 per night. The total would be $1,050 only for 2-3 bedroom units. The benefits you get are immense. A timeshare unit gives you more room compared to a hotel suite and is better furnished. Typical timeshare units have two to three bedrooms, one to two bathrooms, a kitchen, a dining room, a laundry room and indoor or outdoor pool. Most of the timeshares are strategically located to the attractions. And they are located in some of the finest vacation resorts of the world. Timeshare resorts provide more amenities and conveniences compared to hotels. The timeshare resort also offer discounts on air travel, rental cars and tickets to many attractions. The resorts have many facilities like golf club, tennis courts, athletics, marinas and many more recreational activities. You can invite all your friends and family to the unit and have a gathering as well, all in the comfort of a luxurious unit.
But few things have to be considered before opting for renting a unit. Try to select the best location if possible like near the pool or other resort facilities. You dont want to be left out when others are making full use of these amenities, the point is in busy seasons the pools and other facilities are overly crowded, so more near you are to these facilities the better chances you have. And do not hurry in deciding a timeshare unit; nowadays more and more units are being available as many big resorts have ventured into this business. So, shop around and go with the best price. Some timeshare units can be without kitchens, make sure you rent the one with kitchen as it can save you few extra bucks by saving you from eating outside. Also do your home work by researching about the resort from where you are renting the unit. In this age of internet, the resources are easily available which provides you with the reviews of the resort and more information to make you knowledgeable. Its also a smart idea to rent the timeshare unit near the attractions which will save the cost of renting a car. Idea place would be one which is easily accessible to public transportation. One can also share rental units with other interested parties by dividing the unit into two. Renting a timeshare definitely makes a strong financial sense compared to hotels and motels.
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Timeshare Exchange
Timeshare exchange is one of the primary reasons of buying a timeshare for many people because this gives them the flexibility of exchanging their timeshares with other owners principally to visit a different tourist destination each year. Earlier timeshares were not exchangeable. Slowly and steadily things started changing. With the advent of technology and better management tools available today more and more timeshares have the inbuilt feature of timeshare exchange. Though not all timeshares may be exchangeable, it is better to enquire this before buying a timeshare. Most timeshare developers have tie-ups with timeshare exchange companies, so when you buy a timeshare you are automatically enrolled into timeshare exchange program. The fee for the first year is usually free but you may have to pay the fee from the second year.
A timeshare exchange gives the owner freedom to vacation at any time of the year unlike only at a specific time. Also it gives the freedom from going to the same unit every year. The way it works is the owner trades his/her unit with owners of different timeshare and different resort. But most of the times there is a requirement that the units should be similar means you cant trade one bedroom with a two bedroom unit and vice-versa.
A timeshare can not only avail the exchange service through the timeshare developer but can also go directly to a timeshare exchange company. But care should be taken to select a right exchange broker. Do your homework first by researching well about the background of the broker. The timeshare industry is not fully protected against non-scrupulous acts by scammers and frauds. Do not pay huge fees or sign any document unless making sure you are doing the right thing.
A timeshare exchange member usually deposits his/her timeshare unit into the inventory of the timeshare companys available weeks. It is not a simple transaction. If the week requested by an owner is in the inventory and the week offered by the owner is a good exchangeable week then the exchange takes place. It does not mean that the owner has to wait until the time the exchange company finds an exchange offer for your timeshare. They already decide it after reviewing the timeshare like what season timeshare it is? What location? Those who have timeshares in peak season have more chances of finding a timeshare and they can request exchange both in peak time and off peak time periods. The owners who have off peak timeshares usually get off timeshares, their chances of getting a peak season timeshare are almost zero. But this may vary from resort to resort. Some resorts may be busy all round the year. The owners in these kinds of resorts generally have no problems exchanging timeshares.
If a person cannot find an exchange the exchange company puts you in the waiting list and contacts you whenever an exchange is available and gives you the exchange unit. The owner can also chose in the beginning of the exchange request whether to approve the exchange confirmation at the approval of the owner at least a week before the confirmation or to go ahead and confirm the exchange without the approval. Again keep in mind good planning is necessary to initiate an exchange. If you decide to exchange a timeshare in the last minute, it may not be possible.
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