Elite status question

jabak5 · Nov 19, 2015

Quick question I couldn't find in owners resources sticky.
I know the benefits of 3 star elite are basically worth nothing but can someone advise me.

I know you need 159,000 star options for 3 star elite.
If you own 2 developer purchases (mandatory resorts) and purchase a third VOI RESALE at a mandatory resort which gives you at least the 159k options necessary for elite status would that allow you 3 star elite status or do all purchases have to be developer purchases to reach elite status?

YYJMSP · Nov 19, 2015

Only developer purchases, or requalified resales, count towards Eliteness...

Mandatory vs voluntary doesn't enter in to this equation.

DavidnRobin · Nov 19, 2015

The SOs from a resale can be used towards Elite status only if it is Requaled by buying a VOI (TS week) from SVO. Meaning your resale with SOs (Mandatory) do not count towards Elite status.

jabak5 · Nov 20, 2015

Thanks for the quick responses. i did first check with SVO Owners Services and was told purchases needed to be Developer Purchases, which I thought would be the case. I just want to double check here. THX

DavidnRobin · Nov 20, 2015

jabak5 said:
Thanks for the quick responses. i did first check with SVO Owners Services and was told purchases needed to be Developer Purchases, which I thought would be the case. I just want to double check here. THX

Not quite correct, the SOs from retro'd resale weeks do count towards Elite Status, but that has to be done with a Developer purchase. This is often discussed here and performed by quite a few Tuggers (like me...)

Helios · Nov 20, 2015

DavidnRobin said:
Not quite correct, the SOs from retro'd resale weeks do count towards Elite Status, but that has to be done with a Developer purchase. This is often discussed here and performed by quite a few Tuggers (like me...)

Do you know if it is possible to retro a unit by fixing the week and unit? I am not sure if those new dollars would qualify as new money to retro a week. Probably not.

DavidnRobin · Nov 20, 2015

moto x said:
Do you know if it is possible to retro a unit by fixing the week and unit? I am not sure if those new dollars would qualify as new money to retro a week. Probably not.

If you are asking if you can take a resale float and fix it to requal? No, the fixed weeks are different deeds. They will take a float as an exchange (giving credit for original price paid) for a purchasing a fix (like I discussed at WPORV), but still costly.

Helios · Nov 20, 2015

DavidnRobin said:
If you are asking if you can take a resale float and fix it to requal? No, the fixed weeks are different deeds. They will take a float as an exchange (giving credit for original price paid) for a purchasing a fix (like I discussed at WPORV), but still costly.

So, not every unit/week can be fixed then.

DavidnRobin · Nov 20, 2015

moto x said:
So, not every unit/week can be fixed then.

Sorry, I am not following...
There are resorts where VOIs are all fixed (like WSJ-VGV),
But what is motivation for them to convert a Float VOI to Fixed - which have different week-types deeded

Helios · Nov 20, 2015

DavidnRobin said:
Sorry, I am not following...
There are resorts where VOIs are all fixed (like WSJ-VGV),
But what is motivation for them to convert a Float VOI to Fixed - which have different week-types deeded

Motivation would be charging 10K to fix the week and 10K to fix the unit. I think that's the current rate for fixing.

Anyway, it seems like that is not possible even if you give them more money.

ValleyGirl · Nov 21, 2015

moto x said:
Motivation would be charging 10K to fix the week and 10K to fix the unit. I think that's the current rate for fixing.

.Anyway, it seems like that is not possible even if you give them more money.

It is possible. The cost to "Fix A Unit" is +10% not 10K plus
The cost to "Fix A Week" is +10% not 10K.

As far as I know you have to do both - Total 20%. Most VOIs are less than 100K so 20% would be less than 20,000 the amount of new money to do any upgrade/swap/exchange.

Therefore an additional VOI is usually required. Motivation is to know where your unit/view is vs whatever they assign you!
We have done this and this is exactly how it works - after 30 other offers

Helios · Nov 21, 2015

ValleyGirl said:
It is possible. The cost to "Fix A Unit" is +10% not 10K plus
The cost to "Fix A Week" is +10% not 10K.

As far as I know you have to do both - Total 20%. Most VOIs are less than 100K so 20% would be less than 20,000 the amount of new money to do any upgrade/swap/exchange.

Therefore an additional VOI is usually required. Motivation is to know where your unit/view is vs whatever they assign you!
We have done this and this is exactly how it works - after 30 other offers

Thanks for posting this.