[2008] Why is Sheraton Mountain Vista so cheap?

[Robert D]

I'll Take Falcon Point Instead

If a 2BR ski week at SMV goes for $10K, I think that Falcon Point which is a smaller but very nice independent resort down the street from SMV is a much better buy. You can get a 2BR EY ski week at Falcon Point for a fraction of this. Also the M&T's at FP are a lot less than SMV.

Regarding Ebay bidders who place their bids way early, my guess is that they are relatively inexperienced Ebay buyers. I've always thought that it was a big waste of money to bid with more than 10 seconds left in the auction. It's hard to get a great buy on Ebay bidding early and one of the main reasons we buy stuff on Ebay is to get a great buy.

 

[myip]

Regarding Ebay bidders who place their bids way early, my guess is that they are relatively inexperienced Ebay buyers. I've always thought that it was a big waste of money to bid with more than 10 seconds left in the auction. It's hard to get a great buy on Ebay bidding early and one of the main reasons we buy stuff on Ebay is to get a great buy.

Sometime, I placed an bid early because I know that I won't be able to bid at the closing of the auction. I don't like using sniper... I don't want to learn new thing.. BTW: I did pay over $10K (resale) for SMV 2 years ago..

 

[sernow]

Myip,

Reliable sniping programs are easy to use, will save you time, and will occassionally win you unbelievable deals that you would have been outbid for, if you placed your bid to early. Like Robert said, you risk paying too much for an item (or not winning it at all) if you place your bid with more than 10 seconds to go. I prefer cutting it even closer than that.

 

[thinze3]

I usually try to snipe, but when I recently won a BeachPlace Towers auction, I simply put in my maximum bid and walked away. I Knew I wouldn't be around when the bidding ended and didn't want to use my sniping software because it was on a family computer that simetimes gets jacked with by others.


Terry

ADDED:

If a 2BR ski week at SMV goes for $10K, I think that Falcon Point which is a smaller but very nice independent resort down the street from SMV is a much better buy. You can get a 2BR EY ski week at Falcon Point for a fraction of this. Also the M&T's at FP are a lot less than SMV....

The intent is to get a reasonbly priced week that we would use once in a while and that would allow me access to the Starwood system.

.

 

[Pit]

... you risk paying too much for an item (or not winning it at all) if you place your bid with more than 10 seconds to go

There is no additional risk in bidding early. The only way you pay too much is if you bid too much, regardless of your timing.

 

[thinze3]

I have the opportunity to purchase a 2BR lock-off EOY Sheraton Mountain Villas ski week for $4,250.

Honest oppinions only please:
Is this a good price?

What will it be worth 6 years from now?

I am very limited with school & college aged kids.
Will I be able to book week 11 or week 52 easily enough?


Terry

 

[Twinkstarr]

I have the opportunity to purchase a 2BR lock-off EOY Sheraton Mountain Villas ski week for $4,250.

Honest oppinions only please:
Is this a good price?

What will it be worth 6 years from now?

I am very limited with school & college aged kids.
Will I be able to book week 11 or week 52 easily enough?


Terry

I own at Lakeside Terrace and calling at 12 months was able to get the week I wanted. And I wasn't right on the exact day either. I don't have week 52 in my season though.

My crystal ball is kind of on the fritz right now, so can't help you with the 6th yr value.

 

[sml2181]

Week 11 shouldn't be a problem - week 52...I bought a week 52 because I wanted to make sure that I would have that week. Like you, I can only go during specific weeks, being 51/52 and 7.

As for the price ...I think it is great.
I bought a floating week ey for 9K and another for 12K.
Paid more for weeks 51/52.

I also own a Lakeside week - which I bought for 4K (including title search and closing costs and it turned out to be an event week 7) and it's annual.
But it doesn't lock off. Mf's for 2009 750$ - or close to that.

I don't know what it will be worth in 6 years, but for that price I wouldn't worry about it too much...

 

[djp]

That seems to be a good deal.....not an amazing one. Market for an eoy is usually about %40 of the ey value. Before this thread began (and still now)....I would have estimated market value of an eoy ski week at 3,500-5,000, and an ey of 9,000-11,000. I think if you all at 8am 1 year out you should be able to get whatever you want. I have the belief that even people who paid a premium for a fixed week will want to go to hawaii etc at least 25% of the time. So there will always be some availability at 1 year out. I believe that if the economy does not totally tank for the long haul, and if Starwood is still in the timeshare biz, then in six years the value should be about what it is now, if not more. Starwood will not let a resort get old and dumpy, and while avon is not ski in ski out, there are not too many places in the US where you can stay within 10 minutes of 2 of the top 5 ski areas in the country (Vail and beaver creek)

 

[ondeadlin]

Whenever they sell a week fixed, you HAVE to go into the deal assuming you won't get it with a float week. I'd be VERY skeptical of the idea you're going to get week 52 with regularity if I were you (and week 7 if that's fixed).

I don't think that value will hold. The property will age, fees will increase and newer TS resorts will be built in the area.

But it's not a huge investment. Even if it falls by half, if you like the place and get good use from it, maybe it works for you.

 

[thinze3]

I just called and spoke at leangth with a direct sales agent at Starwood.

SMV sold half of its weeks 51 & 52 as event weeks. The other half is available to all floating ski week owners. This is just like the new Westin Riverfront is doing as well.


Riverfront pricing is very inexpensive, but you must also purchase a silver week which will ultimately become worthless. YUKKK!

$44,900 + 19,900 = $64,800
148,800 SO + 46,500 SO

They may substitute a summer week for only $6,000 more which would be a much better deal if someone had the cash. NOT ME.

$44,900 + 25,900 = $70,800
148,800 SO + 95,700 SO

They will do 2 EOY at the same price but they can't be the same year.


Terry

 

[scooter]

what's an xmas week 51 or 52 go for in 2012?

I found a resale for both SMV and LT. SMV at $35,000, LT at $25,000. Looking for guidance as to whether that's where the market is. I know Xmas is always worth more, but I don't see these weeks come up much and not sure if they're in the ball park, or if the sellers have been spending too much time at the higher elevations!

 

[scootr5]

Someone just reported a few days ago that they were offered a New Years week at Westin Riverfront for 56.5K at a Starwood presentation. As you said you don't really see those weeks come up often, so if that's when you always want to go and you can cover the purchase cost then I'd grab it!

 

[Robert D]

I found a resale for both SMV and LT. SMV at $35,000, LT at $25,000. Looking for guidance as to whether that's where the market is. I know Xmas is always worth more, but I don't see these weeks come up much and not sure if they're in the ball park, or if the sellers have been spending too much time at the higher elevations!

Those prices sound high to me but you don't see these weeks come up for sale that often. I thought that week 52 would be worth more since a lot of people want to be home for Christmas and then go skiing the week between Christmas and New Year's.