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Buying a Mandatory resort vs Voluntary and trading with preference

dioxide45

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When did you get that for 100? Must have been a bit ago. I feel like prices have gone way up. Seems like there are less out there
My thoughts exactly. Prices quoted from a year, two or more ago are completely irrelevant now. You may still find some bargains, but the picking are slim.
 

buzglyd

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My thoughts exactly. Prices quoted from a year, two or more ago are completely irrelevant now. You may still find some bargains, but the picking are slim.

I picked it up in 2018 and used it in 2019. The 19 maintenance fees had already been paid as well. I guess it was a good score.
 

CPNY

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So
I picked it up in 2018 and used it in 2019. The 19 maintenance fees had already been paid as well. I guess it was a good score.
sounds like it! I paid 700 with closing for an EOYO so figure 300-350 purchase price. I’m seeing annuals at 1,400 plus closing.
 

SteelerGal

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Annuals are expensive. Haven’t reached MVc prices however prices are definitely higher.
 
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DannyTS

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Annuals are expensive. Haven’t reached MCC prices however prices are definitely higher.
Annuals are more expensive in part because you save on closing costs compared to 2X EOY. But I also think Vistana should add some flexibilty and allow people to use the EOY staroptions for any year usage even if they can only be acquired the year of the contract (odd or even). We avoided buying EOY for that reason. Especially when it comes to banking, 4 years is a very long period of time, even for a timeshare.
 

dioxide45

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An EOY 81K sold on Ebay this evening for a little under $1000. I bid, but don't want to spend too much. The new going rates are too rich for me.
 
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SteelerGal

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An annual 81K sold on Ebay this evening for a little under $1000. I bid, but don't want to spend too much. The new going rates are too rich for me.
Yes, today’s rates have steadily increased in the last 6mo. Still not as high as MVC however still a significant increase. Even SDO has increased.(Was looking to p/u annual to release our EOY
 

CPNY

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An annual 81K sold on Ebay this evening for a little under $1000. I bid, but don't want to spend too much. The new going rates are too rich for me.
Lol I bid as well. It would have paired perfectly with my EOYO. But my max bid of. 500 was surpassed. Lol. Such is life.
 

dioxide45

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Lol I bid as well. It would have paired perfectly with my EOYO. But my max bid of. 500 was surpassed. Lol. Such is life.
I incorrectly stated it was an annual, but it actually was EOY-Even. Selling for $921 would set the annual price at about $1850.
 

CPNY

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I incorrectly stated it was an annual, but it actually was EOY-Even. Selling for $921 would set the annual price at about $1850.
Yeah which is why I thought 921 was way too high. I’m seeing some of the annuals start to come down in price from their already inflated asking.
 

pchung6

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I'm considering an annual WKV 2br, but still not able to find any good deal yet. All asking prices are around 15k and no one listens my offer at 10.
 
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Tucsonadventurer

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I'm considering an annual WKV 2br, but still not able to find any good deal yet. All asking prices were around 15k and no one listens my offer at 10.
We payed 14,500 for ours and have no regrets. You may be able to find one at 12,500. 10 seems low but you never know. Good luck
 

sjsharkie

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I'm considering an annual WKV 2br, but still not able to find any good deal yet. All asking prices were around 15k and no one listens my offer at 10.
Not surprised. You have too many people who would snap one up at 10k for an annual, myself included and I already own here. I think 12k might be a more reasonable offer where you might get someone to bite.

At 10k, you can make your money back just renting in 4 to 5 years. Not to mention the staroption trading power

Ryan

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Ken555

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I'm considering an annual WKV 2br, but still not able to find any good deal yet. All asking prices are around 15k and no one listens my offer at 10.

I’m surprised they’re just not laughing at you. 10k is an outlier price for this resort...there needs to be some reason they need to sell quick, otherwise even 12k will sell quick...most I’ve seen in the last few years are closer to 15k.


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dnmasters

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There is no ROFR at Westin Kierland.
Interesting, I was just informed by my closing agent that Starwood/Vistana, now Marriott, just exercised their ROFR on our Ebay purchase of a Gold Season 2brm WKV for $500.00. When I questioned the agent about whether the WKV was even subject to a ROFR she stated that she had seen Starwood/Vistana exercise its ROFR on many WKV resale purchases even prior to the Marriott acquisition. I have asked her to request documentation from Starwood/Vistana/Marriott evidencing their ROFR with respect to resales, and although she said she would request the documentation, she said she didn't think they would provide any documentation.
 

vacationtime1

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Interesting, I was just informed by my closing agent that Starwood/Vistana, now Marriott, just exercised their ROFR on our Ebay purchase of a Gold Season 2brm WKV for $500.00. When I questioned the agent about whether the WKV was even subject to a ROFR she stated that she had seen Starwood/Vistana exercise its ROFR on many WKV resale purchases even prior to the Marriott acquisition. I have asked her to request documentation from Starwood/Vistana/Marriott evidencing their ROFR with respect to resales, and although she said she would request the documentation, she said she didn't think they would provide any documentation.

Who is your closing agent?

This is not the first time we have heard of a claim that Marriott has somehow added a ROFR on Kierland. No one has provided a factual or legal basis for the claim. Your closing agent could verify this -- if it is real.
 

CPNY

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Interesting, I was just informed by my closing agent that Starwood/Vistana, now Marriott, just exercised their ROFR on our Ebay purchase of a Gold Season 2brm WKV for $500.00. When I questioned the agent about whether the WKV was even subject to a ROFR she stated that she had seen Starwood/Vistana exercise its ROFR on many WKV resale purchases even prior to the Marriott acquisition. I have asked her to request documentation from Starwood/Vistana/Marriott evidencing their ROFR with respect to resales, and although she said she would request the documentation, she said she didn't think they would provide any documentation.
This must be new, and a Marriott practice. I’ve never heard vistana doing it often, maybe because the resale values were always higher. Not surprised. And honestly you’re probably lucky. 1700 maint fee for 81K star options isn’t worth it. There is a reason why plat 2 bedrooms go for 15-17K buy in vs 500.
 

dnmasters

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Who is your closing agent?

This is not the first time we have heard of a claim that Marriott has somehow added a ROFR on Kierland. No one has provided a factual or legal basis for the claim. Your closing agent could verify this -- if it is real.
 

dnmasters

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Sheila @ First Reliable Transfers
 

marmite

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WKV isn't even listed on ROFR.net as a resort to record ROFR failures on. @dioxide45 Could you please have Kierland added to the database if ROFR on WKV is legitimate? Please and thank you.
 

Ken555

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Sheila @ First Reliable Transfers

This doesn’t make any sense. There is no ROFR for WKV. Let’s find the specific details in the docs for this, or else someone is not following the rules at Marriott (and if so, would that really surprise anyone?).


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echino

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Ask the agent to email you the document saying they are exercising ROFR.
 

CPNY

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This doesn’t make any sense. There is no ROFR for WKV. Let’s find the specific details in the docs for this, or else someone is not following the rules at Marriott (and if so, would that really surprise anyone?).


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I suspect it’s just Marriott doing whatever the heck they want.
 

SteelerGal

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This doesn’t make any sense. There is no ROFR for WKV. Let’s find the specific details in the docs for this, or else someone is not following the rules at Marriott (and if so, would that really surprise anyone?).


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If the Departments were merged, I wouldn’t be shocked. It’s easy for mistakes to happen w/ mergers.
 

Ken555

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If the Departments were merged, I wouldn’t be shocked. It’s easy for mistakes to happen w/ mergers.

I think what you really mean is that it’s easy for Marriott to make mistakes.


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