• 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!

DRI Hawaii Collection - Transition or Sell?

jerinb

newbie
Joined
Feb 22, 2020
Messages
4
Reaction score
1
Resorts Owned
DRI Hawaii Collection
Hello, trying to suss out if it would be better to move forward with the Transitions program or sell/give away my points at DRI Hawaii Collection. I'm looking to give away/sell my 9000 DRI hawaii collection points. DRI will Transition the contracts (4500x2) for $1,000 each = $2k (they have confirmed I am eligible for the program). However, I'm open to selling for $1.00 and paying the transfer fees ($250 I think each = $500 total) but curious if it would just be better to pay the $2k and off load as there will be other costs/pain points I'm not aware of by selling on my own.

If I sell/giveaway, any one have experience selling/giving away DRI Hawaii Collection points? If so, what costs were involved? Assuming there are closing costs?? but know these can be negotiated...any idea what closing costs run in a points DRI situation?

Opinions??? Would it be easier to pay the $2k and let DRI take these contracts back in their Transitions program or should I to sell for $1.00, offer to pay some of the costs per contract? I'm up to date on fees, no loan, and a current points balance of 9,100.

Any of you out there experienced with buying/selling points with Diamond Resorts and how hard the process is? Thanks!
 

clifffaith

TUG Member
Joined
Feb 24, 2016
Messages
5,831
Reaction score
7,446
Location
San Juan Capistrano, CA
Resorts Owned
Worldmark
We started in July trying to give away, with us paying the transfer cost, 10,000 Hawaii points. Got no interest whatsoever on the Diamond "selling" board on Facebook, so Transitioned that contract starting at the end of October. The process was completed two weeks ago.
 

geist1223

TUG Member
Joined
May 20, 2015
Messages
6,138
Reaction score
5,960
Location
Salem Oregon
Resorts Owned
Worldmark 97,000 Credits
DRI Cabo Azul 50,500
Royal Solaris San Jose del Cabo
Part of the problem with selling DRI Points is that resell DRI Points can only be used in that Collection and not in any of the affiliates in the Collection. In this case Hawaiian. So only 2 Resorts in Hawaii (PatP and KBC). The rest of the Collection is on the Mainland. If you look at the Hawaiian Resorts in the DRI Directory in Hawaii there are lots of them. But look closely. Except for the 2 mentioned all the rest in Hawaii are affiliates.
 

goaliedave

Guest
Joined
Jan 5, 2019
Messages
1,298
Reaction score
854
Resorts Owned
Raintree, Diamond (bought by Hilton), Shell (bought by Wyndham), Sheraton (bought by Marriott), Palace Resorts, a few independants
Hello, trying to suss out if it would be better to move forward with the Transitions program or sell/give away my points at DRI Hawaii Collection. I'm looking to give away/sell my 9000 DRI hawaii collection points. DRI will Transition the contracts (4500x2) for $1,000 each = $2k (they have confirmed I am eligible for the program). However, I'm open to selling for $1.00 and paying the transfer fees ($250 I think each = $500 total) but curious if it would just be better to pay the $2k and off load as there will be other costs/pain points I'm not aware of by selling on my own.

If I sell/giveaway, any one have experience selling/giving away DRI Hawaii Collection points? If so, what costs were involved? Assuming there are closing costs?? but know these can be negotiated...any idea what closing costs run in a points DRI situation?

Opinions??? Would it be easier to pay the $2k and let DRI take these contracts back in their Transitions program or should I to sell for $1.00, offer to pay some of the costs per contract? I'm up to date on fees, no loan, and a current points balance of 9,100.

Any of you out there experienced with buying/selling points with Diamond Resorts and how hard the process is? Thanks!
You cant sell for $1, you have to be willing to pay someone to take them. As cliff said, it has to be more than just paying transfer fees. Currently there are a dozen trying to give away points. There are no legal complications especially if you sell to an existing HI collection member thru DR legal.

If you were to offer $1500 to a buyer (including tfr fees) you would save $500 and get some nibbles.

Sent from my SM-A505G using Tapatalk
 

geist1223

TUG Member
Joined
May 20, 2015
Messages
6,138
Reaction score
5,960
Location
Salem Oregon
Resorts Owned
Worldmark 97,000 Credits
DRI Cabo Azul 50,500
Royal Solaris San Jose del Cabo
However even if you sell to another Hawaiian Collection Member the Points would have all the same restrictions.
 

jerinb

newbie
Joined
Feb 22, 2020
Messages
4
Reaction score
1
Resorts Owned
DRI Hawaii Collection
Thanks everyone! I'm leaning to just using the transitions program but have had some interest for someone to take the points if I cover the transfer fees. I'm open to covering the closing costs but have no idea what that would run. Anyone have experience with what closing costs run for DRI points?
 

jerinb

newbie
Joined
Feb 22, 2020
Messages
4
Reaction score
1
Resorts Owned
DRI Hawaii Collection
Thanks everyone! I'm leaning to just using the transitions program but have had some interest for someone to take the points if I cover the transfer fees. I'm open to covering the closing costs but have no idea what that would run. Anyone have experience with what closing costs run for DRI points?
And, asking if anyone recommends a company to handle the transaction. Searching on this site, I'm confused on who is recommended:). Thanks!
 

goaliedave

Guest
Joined
Jan 5, 2019
Messages
1,298
Reaction score
854
Resorts Owned
Raintree, Diamond (bought by Hilton), Shell (bought by Wyndham), Sheraton (bought by Marriott), Palace Resorts, a few independants
Thanks everyone! I'm leaning to just using the transitions program but have had some interest for someone to take the points if I cover the transfer fees. I'm open to covering the closing costs but have no idea what that would run. Anyone have experience with what closing costs run for DRI points?
Today is your lucky day, grab it if you have a buyer! As posted above cliff had no luck when offering to pay closing (similar to the fate of most other DR points sellers). Closing costs would be in the range of $300 per contract vs $1000 per contract for Transitions.

Sent from my SM-A505G using Tapatalk
 

jerinb

newbie
Joined
Feb 22, 2020
Messages
4
Reaction score
1
Resorts Owned
DRI Hawaii Collection
Today is your lucky day, grab it if you have a buyer! As posted above cliff had no luck when offering to pay closing (similar to the fate of most other DR points sellers). Closing costs would be in the range of $300 per contract vs $1000 per contract for Transitions.

Sent from my SM-A505G using Tapatalk
Thank you! This is helpful as I look at the choice to give away the points vs. transition.
 
Top