- Joined
- Jul 19, 2007
- Messages
- 7,139
- Reaction score
- 1,909
- Location
- Carlsbad, CA
- Resorts Owned
- Marriott: Maui Ocean Club Lahaina Villas (3BRx5), Ko Olina, Shadow Ridge II, Willow Ridge, Aruba Ocean Club, DC Points HGVC: Flamingo, Sea World, I-Drive, Starwood Bella (x4), SDO, TradeWinds, Worldmark
All,
Okay, I've gone ahead and acquired a membership in TradeWinds Experience. I found a member in the Facebook Group page who was looking to sell 350K points for $4,000. The points were unlocked, so they had already paid about $2,800 in maintenance fees to unlock the points, so this portion of my payment was a reimbursement for the maintenance fees -- and then I had to pay $1,995 to transfer the points ($1,000) and the new member fee ($995). The points expire in 2026 so I have a reasonable time horizon to use them. As with other timeshare systems (like Marriott), it does seem like an inordinate amount of the transaction consideration goes to the timeshare organization to facilitate the transfer and I can see why most owners prefer to sell their excess points through the reservations process.
It's a smaller package that I originally anticipated seeking but there are few resales offered with most owners preferring to make reservations directly to warrant a higher purchase price and not have to be discounted because of the transfer fees. We will see how this works out, but wanted to communicate the details to my TUGging friends.
As I find come across things of interest, I will post them -- thanks all for your help over last few weeks -- I thought I would buy one eventually and this was just an opportunistic purchase. I don't think it was cheap nor overpaying, considering the transfer fees, and think this was a fair purchase for both parties.
Best,
Greg
Okay, I've gone ahead and acquired a membership in TradeWinds Experience. I found a member in the Facebook Group page who was looking to sell 350K points for $4,000. The points were unlocked, so they had already paid about $2,800 in maintenance fees to unlock the points, so this portion of my payment was a reimbursement for the maintenance fees -- and then I had to pay $1,995 to transfer the points ($1,000) and the new member fee ($995). The points expire in 2026 so I have a reasonable time horizon to use them. As with other timeshare systems (like Marriott), it does seem like an inordinate amount of the transaction consideration goes to the timeshare organization to facilitate the transfer and I can see why most owners prefer to sell their excess points through the reservations process.
It's a smaller package that I originally anticipated seeking but there are few resales offered with most owners preferring to make reservations directly to warrant a higher purchase price and not have to be discounted because of the transfer fees. We will see how this works out, but wanted to communicate the details to my TUGging friends.
As I find come across things of interest, I will post them -- thanks all for your help over last few weeks -- I thought I would buy one eventually and this was just an opportunistic purchase. I don't think it was cheap nor overpaying, considering the transfer fees, and think this was a fair purchase for both parties.
Best,
Greg