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Buying resale
Hey guys,
Still trying to figure out who we should purchase our next timeshare from and where we should purchase it at. I found a guy in California who seems real knowledgable about Diamond and owns a load of points himself. He has currently went from the computer industry to timeshare management, ie; buying, selling and renting. Here is what he is suggesting I do, mind you, he is offering me this from his current stock. The Florida Trust would be about $4,000.
Interested in 5,500 to 6,000 points, want to convert the re-sale back into Club.
The simple solution for you is to buy the Diamond Resorts US Collection (DRUSC), also known as FL 19 Resort Trust. DRI only requires a transfer form to be signed and notarized so I can sell you one of these where you could be mailing the form (signed both of us) to DRI within a week of when you pay me. The DRI will take 2-8 weeks to complete the transfer. If you buy a deeded week the closing process will require a closing company (costs you $300-$550) who will take 1-3 months to complete the process, then they send the papers to DRI who will then take 2-8 weeks. Thus, buying the DRUSC contract saves a lot of time and some money.
There are a few reasons to buy a deeded contract.
- Resort priority – if you travel to a specific resort more often than others and like being able to reserve 11-12 months in advance, deeded property is an excellent choice. I believe this is true even if you are getting a deeded resort which also belongs in the DRUSC 19 resorts (there is an odd glitch in the Club reservation system which segregates deeded ownership in each the 19 resorts from DRUSC availability. Even though the DRUSC has reservation priority at the 19 resorts up to 13 months, it appears to be in a different availability group than the deeded resorts in Club. Thus, there are times when deeded resorts in Club have exclusive access to the individual resort during the 11-12 month period and the 19 resort trust owners must wait until 10 months before having access).
o Owning at the Kaanapali Beach Club can thus be of benefit.
- The resorts provide direct owners larger rental discounts. If you don’t have enough points or Club doesn’t show availability, many resorts provide better rental discounts to direct owners then Club owners who own elsewhere. This benefit varies from resort to resort.
- The resale value can be higher (or lower). Buying resale at KBC will cost more per point, but you are more likely to be able to sell later for more money or more quickly. You may have more difficulty with an AZ deeded contract or other places. Of course, these other places cost less to buy in the first place!
Advantages to the DRUSC contract.
- If you don’t convert it into Club, you have access to 19 resorts while the deeded contracts are a single resort and sometimes limit you to a specific unit and specific week number.
- You can make reservations 13 months in advance at the 19 resorts rather than 12 or 10.
- When making reservations less than 60 days in advance you get ½ off even if not in Club!
This guy seems very honest. He says that he will put in the purchase agreement that if I cannot convert, he will buy it back for what I paid including extra fees; closing costs... .
Can someone give me an opinion about all this?
Casandra
Hey guys,
Still trying to figure out who we should purchase our next timeshare from and where we should purchase it at. I found a guy in California who seems real knowledgable about Diamond and owns a load of points himself. He has currently went from the computer industry to timeshare management, ie; buying, selling and renting. Here is what he is suggesting I do, mind you, he is offering me this from his current stock. The Florida Trust would be about $4,000.
Interested in 5,500 to 6,000 points, want to convert the re-sale back into Club.
The simple solution for you is to buy the Diamond Resorts US Collection (DRUSC), also known as FL 19 Resort Trust. DRI only requires a transfer form to be signed and notarized so I can sell you one of these where you could be mailing the form (signed both of us) to DRI within a week of when you pay me. The DRI will take 2-8 weeks to complete the transfer. If you buy a deeded week the closing process will require a closing company (costs you $300-$550) who will take 1-3 months to complete the process, then they send the papers to DRI who will then take 2-8 weeks. Thus, buying the DRUSC contract saves a lot of time and some money.
There are a few reasons to buy a deeded contract.
- Resort priority – if you travel to a specific resort more often than others and like being able to reserve 11-12 months in advance, deeded property is an excellent choice. I believe this is true even if you are getting a deeded resort which also belongs in the DRUSC 19 resorts (there is an odd glitch in the Club reservation system which segregates deeded ownership in each the 19 resorts from DRUSC availability. Even though the DRUSC has reservation priority at the 19 resorts up to 13 months, it appears to be in a different availability group than the deeded resorts in Club. Thus, there are times when deeded resorts in Club have exclusive access to the individual resort during the 11-12 month period and the 19 resort trust owners must wait until 10 months before having access).
o Owning at the Kaanapali Beach Club can thus be of benefit.
- The resorts provide direct owners larger rental discounts. If you don’t have enough points or Club doesn’t show availability, many resorts provide better rental discounts to direct owners then Club owners who own elsewhere. This benefit varies from resort to resort.
- The resale value can be higher (or lower). Buying resale at KBC will cost more per point, but you are more likely to be able to sell later for more money or more quickly. You may have more difficulty with an AZ deeded contract or other places. Of course, these other places cost less to buy in the first place!
Advantages to the DRUSC contract.
- If you don’t convert it into Club, you have access to 19 resorts while the deeded contracts are a single resort and sometimes limit you to a specific unit and specific week number.
- You can make reservations 13 months in advance at the 19 resorts rather than 12 or 10.
- When making reservations less than 60 days in advance you get ½ off even if not in Club!
This guy seems very honest. He says that he will put in the purchase agreement that if I cannot convert, he will buy it back for what I paid including extra fees; closing costs... .
Can someone give me an opinion about all this?
Casandra
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