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Starwood Resale Prices - 2015 Comparison

vacationtime1

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We purchased in 2008-2009, so things might have changed. At that time, there was a $10k minimum for purchasing a Florida property and they also gave 100% of the original purchase price back towards your purchase when you used a resale deed to upgrade. When everything finally settled I posed a summary of how we did it.

Nicely done!
 

VacationForever

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OK Makes more sense.

So you can UPGRADE a resale into a totally different resort, which makes it a "developer purchase"?

So we can purchase say a resale - SVV - and UPGRADE it to anything for sale?

In your case, your PGA became SVV?

So the PGA is gone.....

They can "buy back" and apply 80% of the price to the new purchase. Yes, PGA becomes gone in your example.
 

Joshadelic

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OK Makes more sense.

So you can UPGRADE a resale into a totally different resort, which makes it a "developer purchase"?

So we can purchase say a resale - SVV - and UPGRADE it to anything for sale?

In your case, your PGA became SVV?

So the PGA is gone.....

Correct. PGA is gone. They gave me $19.9k in credit for it towards my purchase.

I'm not sure what the rules are now, but I know they have changed. At the time I purchased, they only allowed me to use a Florida deed to upgrade to SVV. Also, the minimum purchase at that time was $10k.
 
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YYJMSP

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They can "buy back" and apply 80% of the price to the new purchase. Yes, PGA becomes gone in your example.

That's essentially the same deal we were offered at WSJ. They were trying to get us to "trade in our equity" to CV units, giving us 80% on the (original owner paid price) resale and 100% on the developer units.

Similar offer at WKORV back in the spring.

The biggest problem with this on the developer units is that you're being offered based on what you paid (say 10yrs ago), and then expected to pay the current going price. Made no sense to pay an extra $50K to get a different unit at the same resort, even if it dropped our MFs by a few $100's a year -- we'd never get the $50K back...

I'm pretty sure they were looking for at least $10K in new monies bottom line, so you couldn't just walk in with a "pricy" resale and trade it up to a $20K developer purchase for nothing.
 
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