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[2006] SVO Resale: Yes you can requalify/retro [MERGED]

Discussion in 'Vistana Signature Experiences (formerly Starwood)' started by duke, May 6, 2006.

  1. duke

    duke TUG Member

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    Yup, I did the same. Split a Developer EY into 2 EOY and RETRO'ed Two EY.
     
  2. LobsterHunter

    LobsterHunter TUG Member

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    Just wanted to provide a data point for retro info. Some may agree or disagree with our choice, but my eyes were wide open (unlike when I first bought from developer, before finding TUG!!)
    So we just purchased Westin Flex (BIG MF's!) and here are our specifics:

    Bought: 2 Westin Flex 148,100 packages for a total of $106,632 with annual MF of approx. $2,695/each

    Traded in: WKORN EY IV - $44,900 (developer purchase)
    WKORN EOY IV -$22,500 (developer purchase)
    2X Vistana Beach Club -$22,320 (purchased for $1/ea resale 4 yrs ago, and enjoyed every year since in an oceanfront unit)

    Retroed in: 1 SDO true Plat for 148,100 and 1 SMV ski week for 148,100

    Current MF's for traded in units = approx. $6,450, New WF MF's= approx. $5,400

    Purchase price (out of pocket) was $16,912 + $945 closing cost, minus a $1,692 explorer package credit (purchased in Cancun last yr), so a total of $16,165

    Starpoints received = 50,000 purchase incentive + 110,000 from explorer package (used corporate sales instead of visiting resort) + approx. 32,000 for using SPG Amex

    Who knows what Westin Flex resale will be, but I imagine for a 148,100 package it won't be a whole lot less then a WKORN IV 2br L/O. Even a resale Plat WDW or WMH is a couple thousand w/no option to trade into Hawaii...so who really knows?
     
  3. jimwu921

    jimwu921 TUG Member

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    I feel this is a great deal. Just the spg points are worth at least 4k plus you get all the elite benefit. :cheer:

     
  4. tarahsu

    tarahsu TUG Member

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    Hi All:
    I have 2 SDO resales. What does re qualifying mean and should I do it?
     
  5. vistana101

    vistana101 TUG Member

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    Sounds like a great deal, congrats! How did you get so many points from the explorer package? We just got one for 4 nights + 80,000 points hm.
     
  6. LobsterHunter

    LobsterHunter TUG Member

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    We bought a $2,545 explorer package last year in Cancun, thinking we might retro in 1 unit, it was 80k SO after we returned & did tour, but by buying w/out returning to resort it is actually 110k SO (the difference is they charge you those 30K SO for your 4 night stay). We only got a $1,692 credit because it is 10% of purchase price. We could have got full $2,545 credit for Explorer, but we would have to put in $25K+ in new money.
     
  7. LobsterHunter

    LobsterHunter TUG Member

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    Also, I thought it was a min of $10k new money per retro, but not the case. Because each purchase was over $50k (regardless of trade-in properties) we were able to retro in two 148,100 properties for only $16K new money.

    We really wanted a deeded property instead of WF, but that offer was:
    Take back 2 VBC prop & WKORN EY & WKORN EOY in exchange for 2 annual Ocean View units (WKORN) with new money of $46,080 + $945 closing, $2,545 explorer credit, 110k SP (explorer package) + 40k SP purchase incentive....NOT worth an extra $30K out of pocket for us!
     
  8. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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    Just to clarify, you mean SPG points not SOs.
     
  9. LobsterHunter

    LobsterHunter TUG Member

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    My bad, yes 110k SP instead of 80K SP, 30K SP is what they deduct for the 4 night stay
     
  10. SteveS1

    SteveS1 TUG Member

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    Just wondering if anyone has retroed/requalified Sheraton Flex FO or know if it can be done?

    I currently have 206K Sheraton FO, requaled LT ski week 129K so and Harborside 1br premium winter week 81K..all resale then requaled , (thanks to learnings from this thread!) so I’m 4* elite.

    I use all the SO/FO for travel or rental and have been short in recent years . Also 4* isn’t terribly valuable.

    Now may not be the right time to go for 5* but if it can be done may think about picking up some FO resale.

    Thanks!
     
    Last edited: Jun 9, 2018
  11. KACTravels

    KACTravels TUG Member

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  12. tomandrobin

    tomandrobin TUG Member

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    Very nice! I like the creative trade-in/retro deal you made.
     
  13. LobsterHunter

    LobsterHunter TUG Member

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    5* w/other units we already owned
     
    KACTravels likes this.

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