FREE-PLUS CASH! SEDONA Los Abrigados Resort & Spa-12,000 pts.

[ChicagoRobert]

[Thread closed at request of original poster due to greater understanding of the points transfer situation. See later posts. - Makai Guy, BBS Administrator]

Sedona, AZ Los Abrigados Resort and Spa. Diamond Resorts International property. ANNUAL ownership. "The Club" membership with ownership.

Annual maintenance fees ($1,050) are paid through 2012.

Diamond Resorts is the 2010 new owner after acquiring Los Abrigados from ILX resorts. Ownership is now a points based system. This property earns 6,000 pts each year. 12,000 are in the account now.

Deed is clear and free. There is no lien on this listing. I (Seller) will pay ALL closing costs, title transfer and resort transfer fee.

PLUS!!! Seller will enhance this timeshare package with $525.00 CASH to the buyer, which will be put in escrow. Yours at closing. Use the cash for half of the 2013 maintenance fees, buy airline tickets, tons of sunscreen, or use it however you like. Yours for FREE.

Diamond Resorts includes numerous resort options within this contract: 11 resorts: In Arizona: Sedona, Payson, Pinetop, Scottsdale; Sea of Cortez, Mexico; Carriage House in Las Vegas; Varsity Clubs in Tucson and South Bend, Indiana; Historic Crags Lodge in Estes Park, Co.

 

[unavailable55]

The 2012 maintenance fees are/were?

 

[ChicagoRobert]

Maintenance Fees

The maintenance fees for 2012 were $1,050.00 and are paid.

 

[PamMo]

What size unit is this? Your point to MF ratio seems very good - you get 12,000 annual Diamond points with total MF's of $1,050? Did you opt out of Diamond Club when Diamond took over the resort? Would a new owner have to join "The Club" and pay the extra fees?

 

[ChicagoRobert]

Units

Hi Pam,

Since the conversion from ILX to Diamond Resorts, the unit size is no longer an issue. The size unit you can reserve is based upon points. So if you have enough points, you can book larger rooms than just one bedroom. Additionally, Diamond runs specials at some resorts and times where you can reserve at discounted point rates. Initially when we bought it, it was for a one bedroom, but it no longer works that way. Each year I get another 6,000 points with the MF's and I have banked some there, hence the 12,000. I am a member of The Club as an owner so whomever I transfer the timeshare to will be a member as well.

I hope this helps.

 

[PamMo]

Yes, thank you. That helps to clarify exactly what you're selling. (Point systems and membership levels in all the different programs can be terribly confusing!)

 

[heathpack]

I am pretty sure that membership in The Club does not transfer except if you were to pass away and will this resort to an heir.

It is my understanding that all you are able to transfer to the new owner is the underlying deeded week.

I could absolutely be wrong, I am no DRI expert. But you might want to check this out for sure.

H

 

[nightnurse613]

Good point Heathpack, I do not believe the membership in the Club transfers. Plus, the points sound like points granted when you purchased in the Club so, their status would also be a concern to me. All very confusing. I think all you have to sell is a week thru your deed. You might be able to secure a reservation with the 12,000 points in the buyer's name.

 

[ChicagoRobert]

Saddened

Wow! You are absolutely correct. I am saddened to realize that is the case. I apologize if I mislead anyone here. That was not my intent. This has been such a difficult education process. I checked with DRI and while the points do not transfer that are in the account, the new owner does have the opportunity to buy points for the Club or for the purpose of using them in the points based system. I think that makes my cash offer to the buyer all the more valuable.

Thank you Heathpack and Nightnurse for your information. Always helpful.

To all readers of this thread: Please note this change. Sorry for any confusion.

[Thread closed at request of original poster due to greater understanding of the points transfer situation. - Makai Guy, BBS Administrator]