• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 26 years!

    Join tens of thousands of other owners just like you here to get any and all Timeshare questions answered!
  • TUG started 27 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Check out our happy birthday post here: Happy Birthday TUG!
  • TUG has now saved timeshare owners more than $15,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $14 Million dollars
  • Follow the TUG Member Banner as it travels the world on vacation with Timeshare owners! Also sign up to get the banner sent to you so you can submit a photo of your vacation with the banner to share with TUG! Banner Thread
  • Sign up to get the TUG Newsletter for free! Join tens of thousands of other owners who get this every week! Latest resort reviews and the most important topics discussed by owners during the week!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    Read more Here
  • A few of the most common links here on the forums for newbies and guests!

Diamond Resorts Hawaii Collection.

Joined
Jun 3, 2013
Messages
4
Reaction score
0
Points
1
I just bought into 30,000 points in Maui. We got it for $87k. Did I get a good deal??

I don't know if I did. We have 7 days to cancel. Should I stay in or should I cancel??:confused:
 

amycurl

TUG Member
Joined
Sep 26, 2011
Messages
2,074
Reaction score
1,597
Points
274
Location
Greensboro, NC
No, you didn't. Cancel now while you still can and read, read, read. So that when you are ready to buy, you'll *know* it's a good deal. And welcome to TUG!
 
Joined
Jun 3, 2013
Messages
4
Reaction score
0
Points
1
No, you didn't. Cancel now while you still can and read, read, read. So that when you are ready to buy, you'll *know* it's a good deal. And welcome to TUG!
What should I read? We read everything that was in the contract and the only thing that concerned us was the annual dues. I was comfortable with what it provided. The only thing we don't know is how many points it will cost to use it on cruises, rental cars, plane tickets, etc. Apparently, it's very expensive to get into the Hawaiian collection through Diamond Resorts. I have seen someone try to book a reservation through DRI and they couldn't get anything through their US collection points. But the salesman showed us his Hawaiian collection account and he was able to pull up all kinds of reservations.

Please tell me why you feel that I didn't get a good deal? Originally, the contract the salesman tried to sell to us costs around $300k but we were able to get for less than half the cost.

Do you own a timeshare? And if you do, can you tell me what it is and with what company is it with? We would like to know so that we can be better informed.

Thanks
 

Chilcotin

TUG Member
Joined
Aug 15, 2011
Messages
196
Reaction score
18
Points
128
Location
Canada
Read the TUG MARKETPLACE

I just bought into 30,000 points in Maui. We got it for $87k. Did I get a good deal??

I don't know if I did. We have 7 days to cancel. Should I stay in or should I cancel??:confused:
Look in the TUG Marketplace...it looks like you overpaid by $86,999.:bawl:
Here is an example.

http://tug2.com/TimeshareMarketplace/ViewPost.aspx?Resort=&ResortGUID=&ListingGUID=82aa5a4b-e0f7-4613-85fd-d3909e89c0b9

Yes you can buy timeshares for $1.:banana:

Rescind while you can and learn on TUG.

Full disclosure: I have bought all of my timeshares on the resale market including the Tug Marketplace.
 

RuralEngineer

TUG Member
Joined
Aug 24, 2008
Messages
447
Reaction score
0
Points
16
Location
Frederick, MD
Resale vs Developer

Your GOLD loyalty benefits will never be worth $86,999.
 
Joined
Jun 3, 2013
Messages
4
Reaction score
0
Points
1
Look in the TUG Marketplace...it looks like you overpaid by $86,999.:bawl:
Here is an example.

http://tug2.com/TimeshareMarketplace/ViewPost.aspx?Resort=&ResortGUID=&ListingGUID=82aa5a4b-e0f7-4613-85fd-d3909e89c0b9

Yes you can buy timeshares for $1.:banana:

Rescind while you can and learn on TUG.

Full disclosure: I have bought all of my timeshares on the resale market including the Tug Marketplace.
Thanks for your help. After looking through some of the links, I know now exactly what I could've done with my $86k. I will rescind my contract tomorrow.

One more issue I have and maybe you can help me with this one. I currently have one that gets me 2500 points annually under the US collection. How do I get out of that plan? Do I just simply stop paying the annual dues and walk away or is there another way out?

Thanks for opening my eyes.:eek::eek:
 

pedro47

TUG Review Crew: Expert
TUG Member
Joined
Jun 6, 2005
Messages
14,837
Reaction score
4,455
Points
548
Location
East Coast
Thanks for your help. After looking through some of the links, I know now exactly what I could've done with my $86k. I will rescind my contract tomorrow.

One more issue I have and maybe you can help me with this one. I currently have one that gets me 2500 points annually under the US collection. How do I get out of that plan? Do I just simply stop paying the annual dues and walk away or is there another way out?

Thanks for opening my eyes.:eek::eek:
You need to do it today. Your days are counting. This is my opinion only.
 

presley

TUG Review Crew: Expert
TUG Member
Joined
Aug 20, 2011
Messages
6,142
Reaction score
885
Points
298
Thanks for your help. After looking through some of the links, I know now exactly what I could've done with my $86k. I will rescind my contract tomorrow.

One more issue I have and maybe you can help me with this one. I currently have one that gets me 2500 points annually under the US collection. How do I get out of that plan? Do I just simply stop paying the annual dues and walk away or is there another way out?

Thanks for opening my eyes.:eek::eek:
Yes, get out of the new purchase immediately. After you are done with that, you can ask questions about buying resale.

I don't know much about Diamond, other than owners seem to post frequently about how they are getting less and less and that Diamond removes benefits during resale. If you want out of your 2500 point contract, you can walk away, but you will get a hit on your credit report. You can try to give it away. Or, you can pay a relief company to take it off of your hands. Other Diamond owners may know if it is possible to give back to the resort.
 

kalima

TUG Member
Joined
Dec 28, 2013
Messages
222
Reaction score
1
Points
16
Location
Vancouver Island BC
Wow!

Rescind is my opinion!....you can buy Hawaii Collection resale points for a small amount or quite often even free!...Resale points will only let you use in the collection you belong to and will not be a member of The Club....BUT...what a lot of people have done is to buy a bunch of resale (free probably) and then buy half of that amount with Diamond and they will bring them into the Club so you can use them globally....They do not advertise this fact of course and the salesmen will lie to you....Please go on to the Diamond Members Facebook page where you will find lots of us other Diamond owners.... There are lots of happy owners as well as disgruntled owners...you will get a fair review I think....I am a small points member in Hawaii Collection & I am in the process of getting a resale week from a Diamond member who 'wants out'.
 

rickandcindy23

TUG Review Crew: Expert
TUG Member
Joined
Jun 6, 2005
Messages
23,365
Reaction score
2,951
Points
599
Location
The Centennial State
Resorts Owned
Wyndham Plat,RCI pts,Shell,WorldMark,OKW,SSR pts; Marriott's Willow Ridge;Val Chatelle; Hono Koa; SBP; SDO; Blue Ridge Village
I would much rather buy a mandatory Staroptions Westin Ka'anapali Oceanfront unit on the resale market than anything Diamond has to sell.

I like the Westin, and the fees are not all that terrible. I mean, when you consider a hotel room on Maui (Marriott or Hyatt) is about $300 per night to get any kind of view. In comparison, a 2 bedroom with fees of $2,500 or so is not bad, and it can be locked off into two weeks. You would save 75% buying the Westin.
 

artringwald

TUG Review Crew
TUG Member
Joined
Apr 22, 2011
Messages
3,273
Reaction score
1,525
Points
298
Location
Oakdale, MN
Resorts Owned
DRI: The Point at Poipu, 3 deeded weeks, 1 of which is in The Club.
Even through a brick and mortar timeshare reseller, you can get a deluxe ocean view week at Ka'anapali Beach Club for $5K.

http://timeshareresaleshawaii.com/#/listings?resortCode=EKB

We enjoy staying at Ka'anapali Beach Club and the Point at Poipu, the two Hawaiian resorts that are in the Hawaii Collection. However, even with 30,000 points it wouldn't be enough to book a 2 bedroom ocean front for 2 weeks at either location. You could buy 2 weeks at either location a spend much less in maintenance fees that the fees you'd spend for 30,000 points. DRI points are just about always a bad deal.
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
18,672
Reaction score
3,699
Points
749
Location
Florida
sweet chocolate baby jesus we are glad you found us in time, you just saved more than $80 thousand dollars!
 

johnrsrq

TUG Member
Joined
May 29, 2014
Messages
378
Reaction score
1
Points
0
Location
SouthWest Florida
sweet chocolate baby jesus we are glad you found us in time, you just saved more than $80 thousand dollars!
sweet chocolate baby jesus- never heard that before- terrific :whoopie:

to the OP: some of your fellow Diamond members will troll through Hawaii wish weeks (on TUG classifieds) and may certainly be able to confirm a week or more on Mauii for other members- much less expensively.
 

rickandcindy23

TUG Review Crew: Expert
TUG Member
Joined
Jun 6, 2005
Messages
23,365
Reaction score
2,951
Points
599
Location
The Centennial State
Resorts Owned
Wyndham Plat,RCI pts,Shell,WorldMark,OKW,SSR pts; Marriott's Willow Ridge;Val Chatelle; Hono Koa; SBP; SDO; Blue Ridge Village
sweet chocolate baby jesus
I wonder if Wilton makes a mold for that one. :D
 

dougp26364

TUG Review Crew: Veteran
TUG Member
Joined
Jun 6, 2005
Messages
12,802
Reaction score
794
Points
448
Location
Kansas
Resorts Owned
Marriott Grand Chateau
Marriott Shadow Ridge
Marriott Ocean Pointe
Marriott Destination Club Points
Hilton Grand Vacation Club Las Vegas Blvd
Grand Colorado on Peak 8
Spinnaker French Quarter Resort Branson
Even through a brick and mortar timeshare reseller, you can get a deluxe ocean view week at Ka'anapali Beach Club for $5K.

http://timeshareresaleshawaii.com/#/listings?resortCode=EKB

We enjoy staying at Ka'anapali Beach Club and the Point at Poipu, the two Hawaiian resorts that are in the Hawaii Collection. However, even with 30,000 points it wouldn't be enough to book a 2 bedroom ocean front for 2 weeks at either location. You could buy 2 weeks at either location a spend much less in maintenance fees that the fees you'd spend for 30,000 points. DRI points are just about always a bad deal.
It's less than 30,000 points for two weeks at KBC. I have two reservations now, one for 7 night and another for 8 nights to less than 29,000 points. The 7 night reservation is just under 12,000 points. The extra night on the other reservation cost us significantly but, I had the points to burn and I like having a unit all day on departure day when our departure flight leaves late.

I believe if I were going to look for something on the resale market, I'd look for a deeded week and stay away from trust points. Resale trust points, as I understand it, are only good for resorts within the trust and can't be easily exchanged through an exchange company, if they can be exchanged at all. Deeded weeks can either be used for stays at the resort the week is deeded at or used to exchange for times you can't get to Hawaii.
 
Last edited:

gjw007

TUG Member
Joined
Sep 23, 2005
Messages
920
Reaction score
1
Points
228
Location
Woodbine, md
I also voice that you need to rescind now. How sure are you that you want a diamond resort as there are others resorts out there and while I like kbc, there may be others you will like better as there are things I dont like about kbc as well. I dont own in the hawaii collection and was told the same thing, that I couldnt get in there if I didnt own there. Understand I was staying there with my ownership in the us collection (club membership). I went back to the unit after the sales meeting and found plenty of availability for the times I would travel. Granted these times are not the super high seasons when school is out but far from being abolutely no availability, there was plenty if you did a little planning.

Rescind, spend a few months learning about timeshares before making a purchase if you decide to make a purchase. The money saved buying resale exceed the few loyalty benefits you get when you pay full freight.

Dont buy timeshares for the loyalty benefits or for car, cruise or airline exchanges (there are times of exceptions but they are beyond this discussion). Even the loyalty benefits are more costly through the club than paying cash to the vendor. For example, they will tell that gold membership get 30% more benefit increase over basic membership, what they fail to tell you is that while you pay 16 cents per point in the hawaii collection (14.1 in the us collection) you get back at most from the exchange is 8 or 9 cents (platium gets 10 cents) plus in some cases you also pay a processing charge. The use of your points for anything but rooms is a money loser.

Is your 2500 points in the club (did you buy from diamond or resale), if from diamond, you have a membersip in interval international and while they are off peak periods, you can get some great weekly stays at great rates.
 
Last edited:

artringwald

TUG Review Crew
TUG Member
Joined
Apr 22, 2011
Messages
3,273
Reaction score
1,525
Points
298
Location
Oakdale, MN
Resorts Owned
DRI: The Point at Poipu, 3 deeded weeks, 1 of which is in The Club.
It's less than 30,000 points for two weeks at KBC. I have two reservations now, one for 7 night and another for 8 nights to less than 29,000 points. The 7 night reservation is just under 12,000 points. The extra night on the other reservation cost us significantly but, I had the points to burn and I like having a unit all day on departure day when our departure flight leaves late.

I believe if I were going to look for something on the resale market, I'd look for a deeded week and stay away from trust points. Resale trust points, as I understand it, are only good for resorts within the trust and can't be easily exchanged through an exchange company, if they can be exchanged at all. Deeded weeks can either be used for stays at the resort the week is deeded at or used to exchange for times you can't get to Hawaii.
KBC can be less than 30,000, but only if you want a 1 bedroom. A 2 bedroom is 15,500/week. If you want a 2 bedroom oceanfront it's 44,000/week. :eek: The Point at Poipu is 15,500/week for ocean front. Not too long ago a TUG member gave away a deeded week at P@P and even paid the closing and transfer costs.
 

b2bailey

TUG Member
Joined
Oct 30, 2007
Messages
2,689
Reaction score
1,588
Points
398
Location
Santa Cruz CA
Came back to this thread to see whether the OP has updated us with news of successful rescission. I was in 'sticker shock' to learn someone would pay THAT much for a points ownership.
 

dougp26364

TUG Review Crew: Veteran
TUG Member
Joined
Jun 6, 2005
Messages
12,802
Reaction score
794
Points
448
Location
Kansas
Resorts Owned
Marriott Grand Chateau
Marriott Shadow Ridge
Marriott Ocean Pointe
Marriott Destination Club Points
Hilton Grand Vacation Club Las Vegas Blvd
Grand Colorado on Peak 8
Spinnaker French Quarter Resort Branson
KBC can be less than 30,000, but only if you want a 1 bedroom. A 2 bedroom is 15,500/week. If you want a 2 bedroom oceanfront it's 44,000/week. :eek: The Point at Poipu is 15,500/week for ocean front. Not too long ago a TUG member gave away a deeded week at P@P and even paid the closing and transfer costs.
I wasn't thinking about the 2 bedroom units. I actually forget they have those since we prefer the deluxe ocean front view and the 2 bedroom's are all in the back with the exception of the penthouse suites.
 

TJALB

TUG Member
Joined
Jul 25, 2014
Messages
77
Reaction score
10
Points
118
Location
Arizona
Transfer of ownership for deeded week

Im at the end of the closing process for 1 week at KBC Hawaii collection. Included in the sale is the 2014 week. The person at the title company told me it's very likely that DRI will not complete the transfer in time for me to get the 2014 week. She said DRI is very slow processing deeded sales. Does anyone have experience with this? If so, I would appreciate any advice or help.
 

artringwald

TUG Review Crew
TUG Member
Joined
Apr 22, 2011
Messages
3,273
Reaction score
1,525
Points
298
Location
Oakdale, MN
Resorts Owned
DRI: The Point at Poipu, 3 deeded weeks, 1 of which is in The Club.
Im at the end of the closing process for 1 week at KBC Hawaii collection. Included in the sale is the 2014 week. The person at the title company told me it's very likely that DRI will not complete the transfer in time for me to get the 2014 week. She said DRI is very slow processing deeded sales. Does anyone have experience with this? If so, I would appreciate any advice or help.
They will usually take all of the 30 days before relinquishing their ROFR. If the 2014 MF's aren't paid in full, the deed will get registered in your name, but the resort will not transfer ownership, and won't notify anyone to tell them why. If the closing company does not stay on top of things and follow up, you may not be able to use the 2014 week.
 

presley

TUG Review Crew: Expert
TUG Member
Joined
Aug 20, 2011
Messages
6,142
Reaction score
885
Points
298
They will usually take all of the 30 days before relinquishing their ROFR. If the 2014 MF's aren't paid in full, the deed will get registered in your name, but the resort will not transfer ownership, and won't notify anyone to tell them why. If the closing company does not stay on top of things and follow up, you may not be able to use the 2014 week.
In addition to those delays, 2014 will just about be over by the time you have your membership. It is likely that the rest of the year will already be booked up. It could already be booked up right now.
 

Smudge

Guest
Joined
Mar 7, 2014
Messages
35
Reaction score
0
Points
0
Im at the end of the closing process for 1 week at KBC Hawaii collection. Included in the sale is the 2014 week. The person at the title company told me it's very likely that DRI will not complete the transfer in time for me to get the 2014 week. She said DRI is very slow processing deeded sales. Does anyone have experience with this? If so, I would appreciate any advice or help.
Once escrow closes and the deed has been recorded, DRI is currently taking another 90 to 120 days to process the transfer of ownership. :(
 

kalima

TUG Member
Joined
Dec 28, 2013
Messages
222
Reaction score
1
Points
16
Location
Vancouver Island BC
me too!

I am also 'buying' a resale deeded week from another member....I figure that I will just lose the 2014 week but if by miracle chance it all gets dealt with quicker then I will just try and rent out the week this year. Are you getting the 1 bed or the 2 bed that was listed? My closing will take longer as I am in Canada and have some more hoops to jump through:)
 
Top