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Flex

Mw36

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Does anyone know where they would be selling the flex program on the resale market?

Do you think it is worth buying? Would you consider it better buying the flex program rather than buying at one location?
 

DeniseM

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There have already been Flex Options offered for sale on the resale market.

You don't want to buy resale Flex Options - because they don't have Staroptions - which means you can only make home resort reservations at the 6 Sheraton Flex Resorts.

These are the only resorts in Flex - you can buy almost all of these resorts for little or nothing on the resale market, and Bella and Key West units at Sheraton Vistana Villages have Staroptions.

SHERATON FLEX RESORTS:

Sheraton Vistana Resort (FL-Orlando)
Sheraton Vistana Villages (FL-Orlando)
Vistana's Beach Club (FL-Jensen Beach)
Sheraton Desert Oasis (AZ-Scottsdale)
Sheraton Broadway Plantation (SC-Myrtle Beach)
Sheraton Steamboat Springs (CO-Steamboat Springs)

It makes more sense to buy a mandatory resort (has Staroptions) on the resale market:

MANDATORY RESORTS (have Staroptions when purchased resale)

* Harborside at Atlantis
* Vistana Villages (Bella and Key West phases only)
* Westin St. John (Virgin Grand - Hillside only)
* Westin Ka'anapali & Westin Ka'anapali-North
* Westin Kierland Villas

To be quite honest with you, there is little or no reason to buy Flexoptions at all.
 
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Dues for the flex program that at most all single locations.

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Correction: dues for the flex program are much higher than at most all single locations

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Mw36

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Wow thank you for the advice I had no idea. I will definitely stick to buying from one of the mandatory resorts.
 

jabberwocky

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There have been a few listings on eBay from time to time. One 44k contract went for the reserve price of $299, another 135k biennial contract went for $1.

As others have pointed out - the flex program is an incredibly poor value and is poorly conceived. About the only positive thing for other non-trust unit owners at individual resorts may be that delinquencies to the HOA are reduced since the trust will most likely pay the MF on time - the defaults would then get spread within the FLEX trust rather than over an individual resort (unless there is some way for the trust to somehow shift a unit/loss back to the HOA from the trust).
 
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