Transfer Diamond Resort Club Points to another Club Member

[tt500pilot Junior Member Find all posts View Profile Close tt500pilot]

What is the process for transfering my points to another existing club member ?

[Spence Super Moderator Find all posts View Profile Close Spence]

What is the process for transfering my points to another existing club member ?

On the US side of things it makes no nevermind whether the recipient is a member or not. The recipient will receive your TRUST membership points or your Deed, whatever is the basis for your points. They will have to pay to get it back in THE Club, period. DRI can send you the one pager for a TRUST transfer. If you have a deed, a new deed must be drawn up and recorded.

[Ryne08 Senior Member Find all posts View Profile Close Ryne08]

Spence, you were very quite at Sunday's Greenspring Owners meeting. You look great and more relax than at last year meeting.

[Spence Super Moderator Find all posts View Profile Close Spence]

Spence, you were very quite at Sunday's Greenspring Owners meeting. You look great and more relax than at last year meeting.

Was I there? I don't remember.
What does very quite mean?

[tt500pilot Junior Member Find all posts View Profile Close tt500pilot]

On the US side of things it makes no nevermind whether the recipient is a member or not. The recipient will receive your TRUST membership points or your Deed, whatever is the basis for your points. They will have to pay to get it back in THE Club, period. DRI can send you the one pager for a TRUST transfer. If you have a deed, a new deed must be drawn up and recorded.

Thanks Spence, any idea what the costs of doing the trust transfer and putting it back into the club would be for 15000 points ?

[dwmantz Senior Member Find all posts View Profile Close dwmantz]

Thanks Spence, any idea what the costs of doing the trust transfer and putting it back into the club would be for 15000 points ?

The answer is $250 to transfer, plus exactly the same cost as for any other Club conversion - $2995 and no additional points is the rock bottom. Of course you can pay more and/or buy more points if you wish as well.

[tt500pilot Junior Member Find all posts View Profile Close tt500pilot]

Thanks Spence, so even though the points are already in the club under me they need to be put back in the club under the new owner even though that owner is also a club member. Sheesh.. what a rip off.

[T. R. Oglodyte Moderator Find all posts View Profile Close T. R. Oglodyte]

Thanks Spence, so even though the points are already in the club under me they need to be put back in the club under the new owner even though that owner is also a club member. Sheesh.. what a rip off.

Virtually every timeshare developer has similar aspects. They do those types of things to make buying resale less attractive than buying from them.

One of my big irritations with many timeshare minisystems is how they build the whole image of how the members are part of this giant family and by buying you're becoming part of this wonderful group. Then they all turn around and do crap like this.

I'm wondering if a timeshare developer will ever reach a point where they address the issue that as time moves on people situations change. A membership that makes sense at age 45 might no longer make sense at age 65. And that it makes good business sense to enable members to easily make those types of changes instead of casting them adrift at times of stress.

[Spence Super Moderator Find all posts View Profile Close Spence]

Thanks Spence, so even though the points are already in the club under me they need to be put back in the club under the new owner even though that owner is also a club member. Sheesh.. what a rip off.

You got it, it's a way for the developer to keep making money and to try to devalue the resale market, plain and simple.

[84maddy Junior Member Find all posts View Profile Close 84maddy]

Yeah, I understand that the they must give disincenttives for the resale buyer. However, I think justice is better served if lets say you bought on the retail end then want to add points from the resale end, you should pay say the $2995. However, if you never bought on the retail end and simply buy on the resale end perhaps the fee should be $2995 plus you have to buy say 4000 points. This would provide more justice in the process. There should be some advantages for the retail buyers adding on more so then the resales folks. The problem I have is that there is no advantage to buying retail other then some bonus points or a couple of free airline tickets. The world can't survive on the wholesale markets. Profits is what drives things. I don't have issue with the resale buyers but they should not get the same treatment benefits of the retail buyers unless they pay a premium for it. Just imagine if you owned a franchise and suddenly the factory decided to sell to Costco for the the same or less then you and Costco pays no royalties or fees. That would suck right!

[T. R. Oglodyte Moderator Find all posts View Profile Close T. R. Oglodyte]

Yeah, I understand that the they must give disincenttives for the resale buyer. However, I think justice is better served if lets say you bought on the retail end then want to add points from the resale end, you should pay say the $2995. However, if you never bought on the retail end and simply buy on the resale end perhaps the fee should be $2995 plus you have to buy say 4000 points. This would provide more justice in the process. There should be some advantages for the retail buyers adding on more so then the resales folks. The problem I have is that there is no advantage to buying retail other then some bonus points or a couple of free airline tickets. The world can't survive on the wholesale markets. Profits is what drives things. I don't have issue with the resale buyers but they should not get the same treatment benefits of the retail buyers unless they pay a premium for it. Just imagine if you owned a franchise and suddenly the factory decided to sell to Costco for the the same or less then you and Costco pays no royalties or fees. That would suck right!

I think there is another even more practical reason for doing what you suggest. I think it's in the interest of both DRI and owners to minimize the number of accounts within a trust, because it reduces operating expenses.

DRI should facilitate the joining together of accounts. Let them charge a combination fee that offsets the paperwork, and even allows them to make some profit. But let a Club member be able to sell out to another Club member whose base ownership is in the same collection and let the new member consolidate accounts.

[taffy19 Gold Contributor Find all posts View Profile Close taffy19]

Virtually every timeshare developer has similar aspects. They do those types of things to make buying resale less attractive than buying from them.

I believe they do it mainly to make more money on a constant basis.

One of my big irritations with many timeshare minisystems is how they build the whole image of how the members are part of this giant family and by buying you're becoming part of this wonderful group. Then they all turn around and do crap like this.

I'm wondering if a timeshare developer will ever reach a point where they address the issue that as time moves on people situations change. A membership that makes sense at age 45 might no longer make sense at age 65. And that it makes good business sense to enable members to easily make those types of changes instead of casting them adrift at times of stress.

Exactly! This is why I would never buy a timeshare again from a big developer or re-sale either from those big chain resorts. They have made the system now so they can milk the cow endlessly and they can do this easily with a point system. I agree it is a big rip-off today.

Timesharing used to be about saving money for a family with children while vacationing in style but no more. All the fees they charge today for everything make it cheaper to rent a private condo anywhere in the world or from a timeshare owner, who is not planning to go one year.

No more maintenance fees to worry about so you can skip a vacation and do something completely different like taking a barge trip in Europe or a safari in Africa, etc. It is becoming a burden to own a timeshare today.