- Joined
- Jul 17, 2014
- Messages
- 1,871
- Reaction score
- 647
- Points
- 224
- Location
- Tucson
- Resorts Owned
- Hyatt Pinon Pointe, Hyatt Beach House, Westin Kierland
Thank you Sandy. I will call and check.
Thank you Sandy. I will call and check.
Depends, do you want Gold Plus or Platinum Plus season?I'm thinking of purchasing a WL 2 bedroom unit EOY. What do all of the experts feel is a fair price to pay in the resale market.
It depends. I really wouldn't buy Lagunamar with the plan to trade it in II. With the decrease in the number of Vistana weeks being deposited in II, the Vistana preference has really caused these weeks to become less desirable. It should be able to trade fairly well. Though II has seen fewer and fewer 2BR Vistana deposits.I'm unfamiliar with II since I don't currently own any II affiliates.
If a Gold 2BR was deposited in II would it pull something else of equal value in the system?
It depends. I really wouldn't buy Lagunamar with the plan to trade it in II. With the decrease in the number of Vistana weeks being deposited in II, the Vistana preference has really caused these weeks to become less desirable. It should be able to trade fairly well. Though II has seen fewer and fewer 2BR Vistana deposits.
Depends, do you want Gold Plus or Platinum Plus season?
That's what I figured. I really wouldn't buy one to trade. Ideally an EOY would be best because then I get a year to go other places. But, I'm just thinking if I had an annual, what options would I have. I would guess it's a pretty strong renter if you have Platinum Season.
I would agree. Unless you can book Christmas or Easter, rental rates probably are not very good. There is far too many other cheap options for someone to stay in Cancun. That means a lot of competition and lower rental rates.In the past it has not been a good renter. It's getting more popular but I don't think it's rental opportunity has improved. I haven't tried the last couple of years.
Sent from my iPhone using Tapatalk
Gold plus can be had pretty cheap. I think perhaps $1000-$2000 for a 2BR. You might be able to score a better deal. I think Platinum weeks are considerably higher, though I don't watch them as much.I'm probably going to want a Gold Plus as I like being in warm weather weeks 1-4
They were all sold the same. So there is some bad information in at least on or some of those ads. Perhaps someone can confirm how they were sold.
All units are float.Final question would be, are the units fixed? I know the season is float but do the units float (excluding Oceanside of course).
They were all sold the same. So there is some bad information in at least on or some of those ads. Perhaps someone can confirm how they were sold.
Did they sell units classified as gardenview? I know they have oceanview and oceanside categories.
Thanks
So technically they are all currently RTU until 2055 and then will be RTU until 2105 and so on. So effectively they are forever RTU.The units were sold the same and are all RTU and an equity ("membership") interest in an irrevocable trust.
According to the association docs: "Your vacation ownership interest shall continue for the duration of the plan, which will have the same duration as the irrevocable trust described in paragraph 1 of additional terms and conditions provided below, unless the members determine to terminate the plan prior to this date, as provided in the vacation plan documents. The irrevocable trust shall be valid until 2055 at which time the irrevocable trust shall be renewed by the trustee for an additional 50 years. Any cost of renewing the trust shall be included in the regular and special assessments."
Definitely don't buy Lagunamar resale with hopes of Maui. Buying Maui N/S will easily get you Lagunamar. But it is much more expensive way to do it.I always suggest you buy resale where and when you want to go as opposed to buying it to trade. I think Dioxide said don't buy at Lagunamar to trade to Maui and the same is true the other way. I have had people from Harborside try to get into Lagunamar with star options and they could not - FOR HIGH DEMAND weeks. If you're very flexible than much less of an issue.
EOY is a great strategy to start, it's how my wife and I did it.
Good luck
Definitely don't buy Lagunamar resale with hopes of Maui. Buying Maui N/S will easily get you Lagunamar. But it is much more expensive way to do it.
If you want to go to Lagunamar every other year, then I would suggest buying Lagunamar. However, you have to be very flexible to use II for those years where you don't.
True, good point. If you want prime weeks anywhere, always buy there.Agree you need tons of flexibility for II to work. But at least what I am seeing at Lagunamar is the prime weeks don't make it to the star options window before home resort takes all inventory. So i would not say buying Maui will easily get you into Lagunamar if we are talking peak weeks.