Desert Mountain Passes Changes to Membership Resale Program

After proposing a number of changes to the membership resale program, Desert Mountain has voted on and passed the new program. These changes were made in response to several challenges faced by Desert Mountain and many other Scottsdale golf clubs, such as long re-issuance lists. The major changes to the program were an improved market-based resale plan, new member-arranged transfer opportunities and an extension of the “election period” as part of the transfer upon death provision.

Desert Mountain’s current market-based pricing plan will be expanded to include all members, and the reissuance list will be discontinued. Any resigning Equity members will be allowed to establish pricing for their membership based on existing market conditions. This will assist in timely resale of memberships.

Members will also have an alternative option for transferring their Equity memberships through member-arranged transfers. This will limit the number of memberships on the resale list. The resigning member can personally arrange a potential candidate to purchase their membership at a price they establish. Members who choose this method must ensure the transfer fee is paid to the club in full.

The new transfer upon death provision will include an extension of the “election period” from 90 days to one year. Within this time, the surviving spouse or significant other will be required to notify the club as to whether the membership will be maintained, transferred to an adult child/grandchild or placed into the resale program.

If you are interested in viewing golf homes for sale in Desert Mountain, please contact me and I would be happy to help.

Carmen Brodeur JD
Realtor
Trillium Properties, LLC
9825 E Bell Road, Suite 120, Scottsdale AZ 85255
Cell (602) 791-0536
Carmen@TopScottsdaleHomes.com
www.DesertMountainHomesOnline.com