Retro advice

[celica7101]

Anyone have a link / reference to a reasonable sales person at Vistana who could potentially discuss retro'ing a post-Aug 2022 sale of a voluntary (or mandatory) week?

Want to discuss if we can get it in writing that the retro'd unit will be able to participate in Abound.

 

[Ckhawaii]

I sent you a dm with a sales guy I’ve worked with retroing in twice with Westin over the last 3 years.

 

[gwberg]

What is retro-ing?


Sent from my iPhone using Tapatalk

 

[Ckhawaii]

What is retro-ing?


Sent from my iPhone using Tapatalk

Retroing is basically bringing in a resale westin/Sheraton week into the developer system. For example I originally bought 2 lagunamar platnium lockoffs on the resale market. I then “retroed” them in with the developer for with a retail purchase so they could be part of the vsn network and have StarOptions. Now I also have access to Abound. Lagunamar is a voluntary resort so I basically went from having a Westin timeshare in Cancun to use there (or put in interval) to having access to the star option system

 

[grrrah]

another term often used is to "requalify" the weeks into the VSN system.

The non-mandatory contracts, when resold on the secondary market lose their eligibility to the VSN (and Abound) system. To retro or to requalify is to bring back their eligibility into the system, often done buy buying something else from the developers.

 

[celica7101]

OK, an update here on the story....

I found a 148K HomeOption EOY Nanea resale for a decent price. Working with a reasonable agent to buy 30K further developer WestinFlex HomeOptions to retro both the new Nanea resale as well as an existing WKORV/N week that we have.

The developer contract / paperwork should have something about enrolling the soon-to-be-two-resale weeks in VSN, right?

 

[ScarletD]

Celica7101 - Do you mind sharing what the maintenance fees will be for the 30K developer WestinFlex HomeOptions that you are working on buying in order to requalify?

 

[celica7101]

Celica7101 - Do you mind sharing what the maintenance fees will be for the 30K developer WestinFlex HomeOptions that you are working on buying in order to requalify?

I think like $650? Not too crazy.

 

[ScarletD]

thank you

 

[byeloe]

OK, an update here on the story....

I found a 148K HomeOption EOY Nanea resale for a decent price. Working with a reasonable agent to buy 30K further developer WestinFlex HomeOptions to retro both the new Nanea resale as well as an existing WKORV/N week that we have.

The developer contract / paperwork should have something about enrolling the soon-to-be-two-resale weeks in VSN, right?

Your Wkorv/N unit is already a Mandatory unit and should be in VSN with staroption usage. Requalifying it does not have many benefits. But you may know that already

 

[VacationForever]

Your Wkorv/N unit is already a Mandatory unit and should be in VSN with staroption usage. Requalifying it does not have many benefits. But you may know that already

Nanea is voluntary.

 

[byeloe]

Nanea is voluntary.

correct. I was not referring to that. Probably could have just retro-ed the Nanea for less $$

 

[VacationForever]

correct. I was not referring to that. Probably could have just retro-ed the Nanea for less $$

Got it. I re-read it. Thanks.

 

[celica7101]

correct. I was not referring to that. Probably could have just retro-ed the Nanea for less $$

Yup. I thought it might help in getting all the accounts unified if I were getting enough to enroll all 3. And small benefits to full retro on the wkorvn.


Sent from my iPad using Tapatalk

 

[KangarooTravel]

Are you able to retro by purchasing weeks or is it all Westin Flex / Abound Points now?

I can see the appeal of buying a Lagunamar or Kierland week to retro multiple weeks vs points.

 

[dioxide45]

Are you able to retro by purchasing weeks or is it all Westin Flex / Abound Points now?

I can see the appeal of buying a Lagunamar or Kierland week to retro multiple weeks vs points.

I think the only weeks they still sell are WSJ and oceanfront in Maui. Not sure they are selling weeks anywhere else.

 

[VacationForever]

My owner update from a year ago, they were selling WKV gold weeks. The salesperson said their salespeople snapped up every platinum week that came in for themselves.

 

[celica7101]

Are you able to retro by purchasing weeks or is it all Westin Flex / Abound Points now?

I can see the appeal of buying a Lagunamar or Kierland week to retro multiple weeks vs points.

Kierland gold and platinum weeks were still available. But it was not the most cost efficient way to get to the $10k or $15k minimum threshold.


Sent from my iPad using Tapatalk

 

[Red elephant]

My owner update from a year ago, they were selling WKV gold weeks. The salesperson said their salespeople snapped up every platinum week that came in for themselves.

This is what I was told in October at WKV

 

[rickandcindy23]

My goal wouldn't be to get Abound. I have Marriott weeks now that would entice me to Abound with a purchase, but MF ratio is not great for any of my weeks, however.

 

[celica7101]

So our Nanea deed has been recorded and the transfer paperwork was sent to Vistana.

How long are we looking at for them to update the owner records? 45-60 days? I've seen 30 but that seems a bit optimistic.

 

[byeloe]

45 to 60 business days is about right

 

[dioxide45]

The 30 days you have seen may have been 30 business days...

 

[DanCali]

Kierland gold and platinum weeks were still available. But it was not the most cost efficient way to get to the $10k or $15k minimum threshold.


Sent from my iPad using Tapatalk

You may be right that you have the "most economical" way to retro for what you own, but there are multiple things to consider when doing this type of transaction, not just the upfront cost or minimum threshold.

In particular, since developer prices may as well be pulled out of thin air, one should consider the amount of equity that you are immediately losing and also the ongoing maintenance fees. For example (using some hypothetical numbers):

Option 1: 30K Flexoptions purchase for $15K and maintenance fees of $650. Current resale value of purchase approximately $0

Option 2: WKV Platinum small 1BR worth 67K Staroptions purchase for $25K maintenance fees for $800. Current resale value of purchase approximately $8000.

Comaring the above options, one costs $15K upfront and the other costs $25K. But when you consider that the second option has a resale value of $8K and the first one has a resale value of zero, then they don't look that far apart anymore (in terms of the "equity value" you lost to accomplish retro). But in the second option you end up with more than double the Staroptions, double the Abound points, and maintenance fees that are substantially more economical per point.

Again, some of these numbers are made up as I don't know what they are selling and at what price but if I was going to requalify 2 weeks then, given the choice between these two options, I would pick the second one over the first.

 

[ScarletD]

Along the lines of the point that DanCali makes - I don't understand what it really looks like to get rid of a Flexoptions purchase (such as the one outlined in DanCali's option 1 scenario). My question is specific to some date in the distant future when the owner of these Flexoptions decides that they no longer want them and their associated maintenance fees. I can imagine what it would look like to put the WKV platinum 1 BR (or DanCali's option 2) on the resale market. Can someone please help me to understand what re-sell (or otherwise "getting rid of") option 1 will likely actually look like?