My house may have five bedrooms, three-and-a-half baths, and
a secluded solarium in the garden, while your condo may have only two bedrooms
and one bath and be located on the 12th floor of a downtown high-rise.
Your condo rental rate (or direct swap value) is competitive for your location;
and my house rate is competitive for my location. If we do a direct swap, I know I can’t find a
comparable place at a better value in your location, and you know likewise
about my house.
As members of IVHE, we can make direct contact with each –
initial inquiry and follow- through – via a secure members’ area on the IVHE
web site.
Home Exchange for Credits (non-simultaneous exchanges)
Typical scenario: Let’s say I have a second home that I use
on an irregular basis. I might call it
my place on the beach, my place in the mountains, my place in the city, my
place on the lake, my place in France... you get the picture. T
When my place is vacant, I open it up for rentals. I can either
handle the details of booking and billing myself, or I can pay a management
company to handle all that for me. In
the first case, checking references, verifying the renter’s identity, and
keeping up with billing and credit-card payments can be a major headache. In
the second case, my rental income is depleted by a sizable chunk for the
management company’s fee.
The IVHE concept is conveniently different. What if I didn't quote you a rental rate in
dollars (or pounds, francs, marks, or any currency) but rather in credits – one
credit for every $100 of rental value?
Instead of offering my place at a rental rate of $1,000 for seven nights,
for example, I offered it for 10 Credits?
Then you come around and occupy my place for seven nights and pay me 10
credits? More accurately, you transfer
10 credits from your IVHE account into my IVHE account. IVHE handles all this
for both of us (for a small processing fee) in addition to listing our
properties on their on-line catalog of homes worldwide.
When I’m ready to
travel myself, and not stay at the same ol’ place, I can withdraw those 10 credits
from my account and apply them to any property at any location where the host
offers his place for 10 credits or less. I didn't spend any money and the host didn’t
make any money, but credits are like money in the bank.
If I don’t use them straight away, I can build up
credits in my account every time I do a transaction for credits. Before I know it, I might have credits
totally much more than the credit value of my property. That means when I’m ready to use them I can
trade up to some fabulous accommodations. And all for a fraction of the real value.
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