Deed for Points and have to pay, I don't think so.
My wife and I belonged to Gold Key Resorts, that were sold to Diamond Resorts. We asked to meet with someone about what, if any, changes would be made.
We were told that we needed to switch to the point system, in which they would take our deeded week, and give us a minimum number of points in which we would have to pay a enormous yearly maintenance fee for.
We bought at the Boardwalk in Va. Beach, Va, before it ever opened back in 2002. Basically at the meeting we were threatened, and every thing else under the sun, that all of the deeded weeks would be changed to the point system in a short length of time. Needless to say, we didn't do it.
Now I don't even know who owns our resort, because I read that Diamond Resorts was sold to a holding company of some type.
Maybe someone could give me information on this?
Personally I think anyone would be a fool to trade a deed for points. Resorts increase in price, along with maintenance fees. Points also increase in price. So it is very likely that the points you have will be worth little in the future, while in the meantime you will be paying higher maintenance fees to keep the points you have, or you will be forced into paying a higher price for both.
At least if you own a deeded week, they can only go so high on maintenance fees. And even with that, they have to prove why they needed to increase them for your resort. If you have points, and a disaster happens at a resort you never heard of has problems, you will be paying higher maintenance fees to cover that resort or maybe even keeping the company in business that is selling the points.
If I wanted points, I could have bought them at another resort rather than buying a deeded week at the Boardwalk. As long is I have a deed, I own my own week to do with it anything I desire.
My wife and I belonged to Gold Key Resorts, that were sold to Diamond Resorts. We asked to meet with someone about what, if any, changes would be made.
We were told that we needed to switch to the point system, in which they would take our deeded week, and give us a minimum number of points in which we would have to pay a enormous yearly maintenance fee for.
We bought at the Boardwalk in Va. Beach, Va, before it ever opened back in 2002. Basically at the meeting we were threatened, and every thing else under the sun, that all of the deeded weeks would be changed to the point system in a short length of time. Needless to say, we didn't do it.
Now I don't even know who owns our resort, because I read that Diamond Resorts was sold to a holding company of some type.
Maybe someone could give me information on this?
Personally I think anyone would be a fool to trade a deed for points. Resorts increase in price, along with maintenance fees. Points also increase in price. So it is very likely that the points you have will be worth little in the future, while in the meantime you will be paying higher maintenance fees to keep the points you have, or you will be forced into paying a higher price for both.
At least if you own a deeded week, they can only go so high on maintenance fees. And even with that, they have to prove why they needed to increase them for your resort. If you have points, and a disaster happens at a resort you never heard of has problems, you will be paying higher maintenance fees to cover that resort or maybe even keeping the company in business that is selling the points.
If I wanted points, I could have bought them at another resort rather than buying a deeded week at the Boardwalk. As long is I have a deed, I own my own week to do with it anything I desire.