• 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 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 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 $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • 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!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Do I convert from deeded fixed week to Interval points system?

ClaudiaG

newbie
Joined
Sep 24, 2015
Messages
6
Reaction score
0
Points
11
Location
easton PA
For over 20 years have owned a fixed week at NewOrleans Quarterhouse.
Don't use it, don't exchange it, Try to rent it out. It's been a waste and a nightmare. I know I can't sell it as is. I want out - but the options seem limited to say the least. Anyway now Interval International claims they are my salvation because I can pay them $3K and then still pay an annual fee to them, a fee to exchange and the timeshare annual maintenance fee however it will now have value for me to sell, rent, or even use the points to travel where i would actually like to go, when I want to go for how long I want to go. This mildly appeals to me - but I feel like I am still paying a lot of $ annually and of course upfront for the privilege of using it. Basically I want to know do I change my deeded property to allow for points to provide value? Does it really? or not? Do I look at other point systems besides Interval or is my resort tied to only one point system?
Thank you for any help and input.
 

Ty1on

TUG Review Crew: Veteran
TUG Member
Joined
Jun 10, 2015
Messages
5,127
Reaction score
1,958
Points
348
For over 20 years have owned a fixed week at NewOrleans Quarterhouse.
Don't use it, don't exchange it, Try to rent it out. It's been a waste and a nightmare. I know I can't sell it as is. I want out - but the options seem limited to say the least. Anyway now Interval International claims they are my salvation because I can pay them $3K and then still pay an annual fee to them, a fee to exchange and the timeshare annual maintenance fee however it will now have value for me to sell, rent, or even use the points to travel where i would actually like to go, when I want to go for how long I want to go. This mildly appeals to me - but I feel like I am still paying a lot of $ annually and of course upfront for the privilege of using it. Basically I want to know do I change my deeded property to allow for points to provide value? Does it really? or not? Do I look at other point systems besides Interval or is my resort tied to only one point system?
Thank you for any help and input.

If you are paying $3K for points, and then an exchange fee, what is the use of having bought the points. You can pay an annual II membership and an exchange fee and deposit the week you have now, but you choose not to.

I don't think buying into their points (I didn't know that had a Points system?) will return the $3K you invested to convert it when you sell it.

This might be a case of paying the closing and transfer fees yourself to give it away.

May I ask how you tried to rent it out?
 
Last edited:

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
22,384
Reaction score
8,020
Points
1,099
Location
Florida

csxjohn

TUG Review Crew: Expert
TUG Member
Joined
Apr 25, 2012
Messages
6,551
Reaction score
134
Points
348
Location
North East Ohio
Resorts Owned
Tropic Shores Resort, Bluegreen points

I'm not familiar with II points but I've seen with RCI, if a unit is converted to points it is easier to give away for free than one that has not been converted to points.

I'm curious about this statement by the OP.

" I know I can't sell it as is" I have to ask, Why not? If it's worth $0 now there is nothing I know of that will make it worth more.
 

tschwa2

TUG Review Crew: Veteran
TUG Member
Joined
Dec 19, 2008
Messages
16,057
Reaction score
4,708
Points
748
Location
Maryland
Resorts Owned
A few in S and VA, a single resort in NC, MD, PA, and UT, plus Jamaica and the Bahamas
Unlike RCI points that stay converted upon resale for (95% of resort- there are a few exceptions), Interval Club Gold always reverts back to the deeded week upon resale. If your goal is to sell/give away then converting will do nothing to enhance the desirability of the week.
 

ClaudiaG

newbie
Joined
Sep 24, 2015
Messages
6
Reaction score
0
Points
11
Location
easton PA
thank you for your input.
Since I posted - been reading on this forum and learning a lot.
I have not placed it for exchange - because I have not had the funds to do much of any traveling anywhere. I have been paying the maintenance fee then asking the resort to place it on their rental list. Some years I have come close to breaking even - but of course not during the hurricane Karina time and recovery period.

Over 20 years ago, this was not a wise purchase decision - made for all the wrong reason.

In the recent Interval web presentation to convert deed to points, the "I'm not a sales person" person said that QH may not place timeshare deeded units to rent out the weeks in the future because they will only be dealing with the points units??? and / or in the future only people with points to exchange will be looking to stay at the QH...?? Of course this bothered me - and I now feel there is not much truth to the statement.
 

presley

TUG Review Crew: Expert
TUG Member
Joined
Aug 20, 2011
Messages
6,313
Reaction score
1,121
Points
448
In the recent Interval web presentation to convert deed to points, the "I'm not a sales person" person said that QH may not place timeshare deeded units to rent out the weeks in the future because they will only be dealing with the points units??? and / or in the future only people with points to exchange will be looking to stay at the QH...?? Of course this bothered me - and I now feel there is not much truth to the statement.

It would be illegal for them to change what you already own. If you own a deeded week, you can do whatever you want with that week. If they as a middle man don't want to rent it out for you unless it is points (which makes no sense), you don't need them to rent it for you anyway.
 

geekette

Guest
Joined
Jun 6, 2005
Messages
10,777
Reaction score
5,531
Points
848
Who does "not a salesperson" represent, the resort or II??? If II, of course they would say no more renting, but the resort has final say. Apparently they have a rental program that works, no need to involve II. I think you need to talk to the resort and make sure that they have not changed the rental program. If they have, and will only take points units for program, please do raise a holy stink since you are a long time owner, and then just bypass them and put it up for rent yourself while you find a buyer.
 

geekette

Guest
Joined
Jun 6, 2005
Messages
10,777
Reaction score
5,531
Points
848
It would be illegal for them to change what you already own. If you own a deeded week, you can do whatever you want with that week. If they as a middle man don't want to rent it out for you unless it is points (which makes no sense), you don't need them to rent it for you anyway.

Yep, makes no sense. Why would they only want new blood in to occupy points res vs weeks res?
 

WinniWoman

TUG Review Crew: Veteran
TUG Member
Joined
Jul 16, 2010
Messages
10,948
Reaction score
7,204
Points
749
Location
The Weirs, New Hampshire
Resorts Owned
Innseason Pollard Brook
thank you for your input.
Since I posted - been reading on this forum and learning a lot.
I have not placed it for exchange - because I have not had the funds to do much of any traveling anywhere. I have been paying the maintenance fee then asking the resort to place it on their rental list. Some years I have come close to breaking even - but of course not during the hurricane Karina time and recovery period.

Over 20 years ago, this was not a wise purchase decision - made for all the wrong reason.

In the recent Interval web presentation to convert deed to points, the "I'm not a sales person" person said that QH may not place timeshare deeded units to rent out the weeks in the future because they will only be dealing with the points units??? and / or in the future only people with points to exchange will be looking to stay at the QH...?? Of course this bothered me - and I now feel there is not much truth to the statement.

If you could just come up with the exchange fee, you could exchange through the free memberships in the independent exchange companies. If you could get into a resort you can drive to, all you need to pay for is the gas. Food- well- you have to eat at home anyway- so you eat there. You enjoy the resort amenities, like the pool and so forth. You seek out free things to see and do in the area. You could vacation very frugally. I know, because that's how we do it!
 
Top