Another low price eoy ko olina on ebay

[larue]

There is another low price eoy ko olina on ebay. Bid closing tomorrow night and currently at $4,750.

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ssPageName=STRK:MEWAX:IT&item=350142109799

 

[thinze3]

There is another low price eoy ko olina on ebay. Bid closing tomorrow night and currently at $4,750.

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ssPageName=STRK:MEWAX:IT&item=350142109799

The bid can jump several thousand dollars in the last hour.
We shall know soon enough.

Terry

 

[MOXJO7282]

The bid can jump several thousand dollars in the last hour.
We shall know soon enough.

Terry

This will probably stay pretty low, as it is a mountain view, which is predominantly what is selling so low on ebay, the lesser views. when I see OF going for cheap is when I'll jump in to pick something up. Those however, aren't dropping so low.

 

[thinze3]

This will probably stay pretty low, as it is a mountain view, which is predominantly what is selling so low on ebay, the lesser views. when I see OF going for cheap is when I'll jump in to pick something up. Those however, aren't dropping so low.

We can make guessing the price of these eBay properties a game.
"How Low Will it Go?"

My guess is $7260.

Terry

 

[larue]

We can make guessing the price of these eBay properties a game.
"How Low Will it Go?"

My guess is $7260.

Terry

My guess is $5,500 (split the difference between the last two to sell on ebay)

 

[thinze3]

Now that I have realized that this auction ends on Christmas Morning at 1:20 am ET, I would bet that your estimate is closer han mine.

This is going to be a STEAL for someone.

Terry


Added:

My guess is $5,500 (split the difference between the last two to sell on ebay)

I don't recall ANY selling at this price.

.

 

[Stefa]

This will probably stay pretty low, as it is a mountain view, which is predominantly what is selling so low on ebay, the lesser views. when I see OF going for cheap is when I'll jump in to pick something up. Those however, aren't dropping so low.

Agree with Joe. I have a friend who trades into Ko'Olina every year using her Grande Vista. One time she did get an island view that wasn't the best, but twice she has getten nice ocean views. If I wanted to go to Ko'Olina every year, I'd either hold out for OV or buy something else to trade in. MFs in Hawai'i are too high for me to justify buying island view.

 

[jin]

Agree with Joe. I have a friend who trades into Ko'Olina every year using her Grande Vista. One time she did get an island view that wasn't the best, but twice she has getten nice ocean views. If I wanted to go to Ko'Olina every year, I'd either hold out for OV or buy something else to trade in. MFs in Hawai'i are too high for me to justify buying island view.

Does your friend own gold or platinum at Grand Vista, and how many bedrooms does she have/get in the trade?

 

[tango]

I beg to differ. Mountain views at KoOlina are fine.
Sure, you could get an airconditioner view, but more often than not, this is what you get.

 

[Stefa]

I beg to differ. Mountain views at KoOlina are fine.
Sure, you could get an airconditioner view, but more often than not, this is what you get.

We had a similar view (though on a lower floor) when we were there three years ago. That has changed since they have built the new buildings. There are still good island views to be had, but I think an ocean view from an island view unit 'more often than not' is no longer the case.

 

[thinze3]

The best views will be given to owners not to those trading in. With Ko Olina still selling Developer units, bulk deposit trades will continue to be available to other Marriott owners. So for a while yet your suggestions may be the way to go. Once the resort nears it sell out of building 3, 2BR trades into Ko Olina will be all but impossible.

If you want to be able to guarantee your room on a specific date and get the best views, you should probably buy at Ko Olina. If you CANNOT afford an OV unit, these IV units are steals IMO.

With Ko Olina your future trading power into other Marriott's like Moutainside and Grande Ocean during prime season, will be MUCH better than those trading from Grande Vista. It all depends on what you desire and what it's worth to you.

Terry

 

[tango]

My theory on final going price for this property is that it depends a lot on who is selling. I suspect that some bidders who would normally bid, tend to be suspicious of the outfits that have sold the last 2 Ko Olina units on ebay, thus affecting the final bid price.
It's up to $5100 already.

 

[jdetar]

I'm going to Ko Olina in a week and a half with my Cypress Harbour trade, and it was a lousy week in sport season even. I have a 2br OF room as well. Why bother owning there and paying the MF's when you can own something else and trade in for a fraction of the price?

 

[Stefa]

Terry

I wasn't telling anyone what to buy. I was speculating as to why the prices for the island view units at this resort are falling so fast. Maintenance fees are high in Hawaii and you can't drive there, so it makes sense that there isn't such a strong market for the less desirable units, especailly when Ko'Olina isn't that tough of a trade.

(Note: I said the IV units were less desirable. I didn't say they were undesirable.)

 

[thinze3]

.... Note: I said the IV units were less desirable. I didn't say they were undesirable.

I agree.
I would like to upgrade my Waiohai to an annual OV if a good deal were to come along.

Terry

 

[larue]

Ko Olina Views and Trading Power

I currently own an island view 2 bedroom lockout at Ko Olina. The island views have always been great, and, in fact, an oceanview has an increased chance of looking south toward the industrial area and marina, which is not as desirable a view as the mountains to the east. The key is to get a high floor, which I have never had a problem with as an owner.

As many times as I have been at Ko Olina, I have rarely if ever seen a large number of owners spending any appreciable time out on their lanais. I don't know how anyone justifies the additional $10,000+ for a view that no one generally uses.

Anyway, as for trading power, I have done lockouts, occupying the 1 bedroom unit with my wife and daughter, and have then traded the hotel efficiency portion of the unit out for 2 bedroom units at the Grand Chateau Las Vegas and Newport Coast Villas (in April two years in a row during spring break) and at the Waiohai (first week of June). I doubt anyone trading in from Orlando or similar areas could claim the same track record over the last three years.

It is pretty amazing to think that you could pick up the equivalent of an annual use mountainview at Ko Olina for $10,000. If you figure 14 days a year use, 7 at Ko Olina in a one bedroom and another 7 days at a stateside resort 2 bedroom, at an average nightly rate of $300 (being extremely conservative if you compare the nightly rate for Ko Olina for a 1 bedroom villa) and a purchaser breaks even after only 4 years and saves about $2,500 a year every year thereafter.

Has anyone heard whether these lower price ebay auction prices are clearing ROFR? That is the big question for me before I jump in. I don't need to waste my time gaining a good deal for Marriott to pick up on ROFR. I want to close a deal on a second week at Ko Olina!

 

[larue]

Now that I have realized that this auction ends on Christmas Morning at 1:20 am ET, I would bet that your estimate is closer han mine.

This is going to be a STEAL for someone.

Terry


Added:

I don't recall ANY selling at this price.

.

$4,750, sold to a tugbbs member on December 8:

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=300278266896&viewitem=&salenotsupported

Another one went for $6,900 back in October, can't find the link though.

 

[larue]

My theory on final going price for this property is that it depends a lot on who is selling. I suspect that some bidders who would normally bid, tend to be suspicious of the outfits that have sold the last 2 Ko Olina units on ebay, thus affecting the final bid price.
It's up to $5100 already.

Now $6,100. I agree with you regarding the sellers' conditions keeping bidders away. Sounds like the deals are closing, however, even if a little slower than with other sellers using independent escrow agents.

 

[m61376]

Has anyone heard whether these lower price ebay auction prices are clearing ROFR? That is the big question for me before I jump in. I don't need to waste my time gaining a good deal for Marriott to pick up on ROFR. I want to close a deal on a second week at Ko Olina!

Many of the units have been passing ROFR. I don't recall any really recent posts by people here of units being nabbed, but I know one of the realtors told me he had one nabbed and knew of 2 more. It seems that due to the tightening of the credit market Marriott has been passing most if not virtually all units and if the only reason you are hesitating to buy is the threat of ROFR, then you shouldn't hesitate. Make sure your purchase agreement includes a complete refund if the property doesn't pass ROFR (there are a few realtors who charge a fee regardless, just fyi). As long as there is no potential monetary loss, you have nothing to lose but a little time and perhaps a bit of aggravation in the worse case scenario; on the upside, you'll have bought a great week at a veritable steal.

 

[ondeadlin]

Once an auction gets linked on TUG, the chances of it going for "a steal" become very small.

 

[thinze3]

Once an auction gets linked on TUG, the chances of it going for "a steal" become very small.

Wow! $7,900.
Fair price in today's market.

Terry

 

[Dean]

Just to note, there are a number of pool view units that are technically island view. For higher floors you can often get some ocean view from higher floors. As an owner who knows what to ask for, these shouldn't be that difficult to get even when the resort is completed.