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

[SDKath]

OK, back to the requal topic. I have 2 quick questions.

1) If I purchase a resale (let's say WMH) EY. Then I buy an EOY property from Westin, I can still requal WMH as long as the developer's property is over $20,000, right?

2) If I purchase a resale WMH EOY and then buy EOY with the developer, can I requal my resale if the EOY from the developer is LESS than $20,000? If I can, do I get 1/2 the staroptions each year for each property or do I get the full staroptions for each property every other year. Finally, once I requal the resale, can I combine 2 staroptions from 2 properties into one big staroption and go to Hawaii or the like?? That's what it sounds like from one of the posts above.

Ok, that was more than 2 questions. Thank you! Katherine

 

[Denise L]

I can help with #2. If you own EOY(s), you get your full Staroptions for your use year only. And yes, requal/developer week Staroptions can be combined, whereas resale Staroptions cannot be combined.

Sounds like you are getting really close to figuring this all out! Good luck!

 

[LisaRex]

I believe you can take an advance on the following year's StarOptions, too, but the following year's MFs have to be paid in advance and you can only do it every other year. And I think you use your view, too.

Great perk, huh?!

 

[DavidnRobin]

For #1 - there is nothing in writing - only policy (at best) - everything can be negotiated. SVO can do (or not do) anything they want - and they can change policy at any time. This is one reason to buy where you want to go - - and mandaory... if the deal collapses, or isn't to your liking - you still have a nice M TS (resale) to start your TS portfolio.

 

[vacationtime1]

If I purchase a resale (let's say WMH) EY. Then I buy an EOY property from Westin, I can still requal WMH as long as the developer's property is over $20,000, right?

If your developer purchase is on the U.S. Mainland or Mexico, you are correct. However if your developer purchase is in Hawaii or in the Carrribean, it must be $40,000 or more. See post #110 in this thread where Starwood's new, "official" policy was posted.

But that is Starwood's official policy. My own recent experience is to the contrary. Starwood would have retro'ed one of my resale purchases with a $37,500 developer purchase. Therefore, DavidnRobin's post immediately above is the soundest advice.

 

[Denise L]

I believe you can take an advance on the following year's StarOptions, too, but the following year's MFs have to be paid in advance and you can only do it every other year. And I think you use your view, too.

Great perk, huh?!

Is this different than "borrowing" from the next year, but only being able to book 90 days out? If not, then booking 90 days out could be a problem because of availability, and trying to book back to back weeks with an existing reservation made at 12 months out.

 

[DeniseM]

Is this different than "borrowing" from the next year, but only being able to book 90 days out? If not, then booking 90 days out could be a problem because of availability, and trying to book back to back weeks with an existing reservation made at 12 months out.

Hi Denise - Isn't the 90 days out rule just for partial weeks? I thought you could borrow a full week's worth of Staroptions a year in advance and use the Staroptions to reserve a full week at any time - not just 90 days out?

 

[pointsjunkie]

i think you can only borrow next years staroptions 90 days out.

 

[DeniseM]

You're right - it is 90 days out according to mystarcentral.com - thanks!

 

[RLG]

Subsidizing someone else's developer purchase to requalify mine?

I realized this should be it's own thread, so I moved it:

http://www.tugbbs.com/forums/showthread.php?p=454886#post454886

 

[mirish]

Thanks to all that have given great insight. I hope to put it all to use next month. I just bought a resale and had planned on buying from developer when there for w/e next month. Now I can hopefully requal my resale at VV and purchase a unit from the developer. this with my current week should put me well on my way for the elite status perks.

Marilyn

 

[DeniseM]

Thanks to all that have given great insight. I hope to put it all to use next month. I just bought a resale and had planned on buying from developer when there for w/e next month. Now I can hopefully requal my resale at VV and purchase a unit from the developer. this with my current week should put me well on my way for the elite status perks.

Marilyn

Hi Marilyn! Welcome to TUG!

What are your goals in reaching Elite Status? In other words, what do you hope to get from it?

 

[mirish]

Thanks Denise.

I hope to over the next year or so work up to 5* elite. The benefits at this level are what I am interested in, especially the early/late check in and the platinum instead of gold status. We enjoy travel and with our youngest only a 2 years from leaving for college the extra weeks for travel will be great. my husband also travels a little for work and at least once a year he (I always go with him) goes to a conference in Europe and the hotel upgrade will be great at those times! Through conferences, a starwood property is usally a hotel choice, but we often do not get credited the nights as we use the conference rates, we do get perks afforded gold members but the platinum perks are much better!

 

[stans2000]

Mandatory Resort

How do I ensure that a purchase of a resale Mandatory Resort qualifies for the ability earn or exchange Staroptions?

 

[Henry M.]

A mandatory resort always has the ability to earn StarOptions. Voluntary resorts have to be requalified.

What you don't get witha resale is the aility to get StarPOINTS. If you buy a resale mandatory resort you wuld subsequently have to buy another resort (mandatory or voluntary) from Starwood and make the requalification a part of your purchase negotiations.

 

[bajohnsons]

Does anyone have any recent experience with requalifying a mandatory resort with regards the SPG points. Earlier posts (e.g. post 89) had indicated that this could not be done. If that is in fact the case can staroptions be combined on a mandatory requalify? I was considering Harborside and wil probably do it any way, but want to know what I can expect regarding the other benefits.

 

[DeniseM]

If you requalify a resale, it gets back ALL the rights of a developer week including Starpoints and the ability to combine the Staroptions from one or more weeks. It would be treated exactly like a developer week, once you requalify it.

Does anyone have any recent experience with requalifying a mandatory resort with regards the SPG points. Earlier posts (e.g. post 89) had indicated that this could not be done.

Post 89 was from the statement of one salesman at one resort. In the posts that follow it, you will see that others disagree and generally state that Starwood makes up the rules as the go along. Also, many times Tuggers are more knowledgeable than salesmen...

 

[jramat]

Trying to understand and make a decision

Need help please! We bought at Vistanna Villages-Key West 2 br lockoff float from the developer a little over a year ago. Maybe should have bought resale, but too late now! If we want more StarOptions primarily, should we buy resale somewhere to get them? If we do, can we get it "requalified" somehow from SVO? Seems like we should have done the resale first and then from the developer if I understand what I've read here???? But we didn't so what can I do now? We'd like the greater number of options but is there a way to get the other perks too at this point or do I just buy from the develper again and get the 3-star elite deal they are offering us. We are being offered Princeville, eoy, 2 br-lockoff for $25,000 right now. And yes, we did get the "price will increase on Feb. 15th speech.

Thanks!!

John

 

[pointsjunkie]

you have to buy a resale first, have title clear before you can requalify it with a new developer week. it must go in that order.

 

[pointsjunkie]

your SVV is worth 95700 or 81000, the EOY new purchase would be worth 74050. that will get you to 3* elite. to get to 4* you will need a total of 359,000 staroptions. if your intention is to get to 3* purchasing a resale would be nice but not neccesary to get to 3*. if your ultimate goal is to get to 5* then purchase a resale worth 148100 staroptions.

did you ask the salesperson if they would requalify a resale with the $25000 hawaii purchase?

 

[jramat]

thanks but still confused

Points junkie...I'm trying not to buy from the developer and still get to 3* elite. It is true that I have 95700 right now and need to get to 159000 for 3*. Also true that eoy will be 74050 which would work and that offer is on the table for $25000 right now.

I did not ask the developer about requalifying a resale with the $25000 because I don't have one. If I do buy a resale somewhere I would try to acquire enough options to get me the necessary 63300 to get to 159000, 3*. Is my thinking correct on that?

Also, after I purchase a resale, I don't get some of the other perks (points, etc) that come with a developer deal. Is that correct??

Further, after that, it doesn't seem like there are any requalification possibilities unless I make a third purchase, which would have to be from a developer, to attempt a requalification. True?

Any other ideas??

Sorry for all the questions but thanks a ton!!!!!!!!!

John

 

[tomandrobin]

Points junkie...I'm trying not to buy from the developer and still get to 3* elite. It is true that I have 95700 right now and need to get to 159000 for 3*. Also true that eoy will be 74050 which would work and that offer is on the table for $25000 right now.

John

You can only get to 3* with developer purchaes or resales that have been requalified with a new developer purchase.

 

[jramat]

Got it!! Thanks!!

 

[Bill4728]

Also, after I purchase a resale, I don't get some of the other perks (points, etc) that come with a developer deal. Is that correct??

Further, after that, it doesn't seem like there are any requalification possibilities unless I make a third purchase, which would have to be from a developer, to attempt a requalification. True?

Any other ideas??

Sorry for all the questions but thanks a ton!!!!!!!!!

John

If you want more points, you can buy a cheap resale and then the cheapest developer week and get the resale "retro'd"/requalified.

OR you can buy a large unit at a mandatory resort which has a lot of Staroptions and buy it resale (Saving yourself lots of $$). You'd not get elite but are you sure you want 3* elite that much? If later on you do whan elite, you can retro your resale purchase and likely have enough SO to be a 4*.

 

[duke]

We bought at Vistanna Villages-Key West 2 br lockoff float from the developer a little over a year ago.

We are being offered Princeville, eoy, 2 br-lockoff for $25,000 right now. And yes, we did get the "price will increase on Feb. 15th speech.

Are you saying that the Developer price for Princeville 2brL/O (SVO owner price) is now $25,000 for EOY and therefore $50,000 for EY?

By the way....If you purchase a Mandatory Resale you will NOT be able to combine StarOptions. This is important.

You should first purchase a resale and then purchase your Developer.

WMH is least expensive resale with high StarOptions.