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Buying Question - Usage Transfer

Password is taco

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I'm looking at purchasing a week resale that includes 2015 usage. I'm just curious, given how late it is in the year, how I might be able to utilize the 2015 usage. I won't have the ability to actually use the week or staroptions during 2015, so trying to figure out how it might be able to be used during 2016. I've read through a link in the owner resources sticky that banked staroptions do not transfer to the buyer, so I have a question in to see if they are banked or not. Assuming they are not banked, would the use of the week and/or unbanked staroptions transfer to the me? If so, could I book a week using the 2015 allocation for 2016 (either home resort or with staroptions)? If not, could I book a week at the home resort for 2015 and then trade for a week through II to use in 2016?
 

tschwa2

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It will be too late for you to bank the SO's. It may already be too late for the current owner to bank the SO's. Your options would be to have the current owner book you something for 2015- not sure if there would be availability anywhere you want or wait until the unit is transferred and then deposit with II.

You don't book a week to deposit in II. You just deposit your home week up until 12/31 and you get the blended value.
 
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PamMo

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If you can't use the StarOptions this year, you would have to ask Starwood to bank it with Interval. (You don't get to reserve a week to bank.) If it is a 2BR lockoff, you could get two trades to use until the end of 2017. You'll need to get the transfer done quickly, though. Some transfers take months to do.
 

SMHarman

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Either you buy from 2016 usage and forget about 2015. Cleanest.

Or

You buy with 2015 usage and effectively have a side rental type aagreement with the seller for 2015 use and they reserve 2015 use.

Or

You buy with 2015 use and deposit first into II and then make an interval deposit first exchange request to use 2015 at some point in the next few years.

I think that is the options.

Sent from my LT26i using Tapatalk
 

DeniseM

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If the 2015 Staroptions are already banked, they will not transfer to you.

If the current owner deposits the week with II, it will not transfer to you.

The 2015 Staroptions have to be used in 2015, and it's really late in the year to get a good 2015 reservation, unless you don't care where or when you go.

If the deed transfers to you before the end of the year, you have until the last day of the year to deposit the 2015 usage with II.

With Starwood, they don't allow you to make a reservation and deposit it. Instead, you get a "deposit credit," that is the average value of your season.

To be sure it's transferred before the end of the year, you will want to start working on the transfer ASAP. The slowest link is usually the timeshare transfer company, so use someone efficient, and make sure they understand that you have 2015 usage to deposit.

*The II deposit doesn't have as much value as the use of the week, so if the seller is going to require you to reimburse them for the 2015 usage, I'd let them keep it, and start my usage in 2016. If they aren't requiring you to pay for the 2015 usage, then I'd deposit it in II.
 
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tschwa2

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If the all in cost including the cost if any for the 2015 usage is worth it to you knowing that 2015 is likely to only be good as a II deposit than, that's what it is. It may not be a negotiable point because it isn't going to likely be worth anything to the seller either.
 

Password is taco

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Thanks everyone. It sounds like the only way to get a benefit out of 2015 use would be to deposit to II and then I would have a couple years to find a trade. So I won't put much value on the fact that this one includes 2015 usage.

Just to be clear, I also wouldn't be able to make a 2016 reservation at the home resort with the 2015 usage?

So, let's assume I buy this, and it's a year from now. I want to make a reservation for the week beginning 2/4/2017 with my 2017 star options, I would call 8 months prior (around June 2016) and make the reservation? Similarly, if I wanted to use the home resort reservation, I would do that 12 months prior (Feb 2016)? Even though the booking occurs during 2016, I'm using the 2017 usage in each of these cases right? And would I have to pay ahead on the maintenance fee?

Just trying to make sure I understand all this correctly.
 

DeniseM

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No - Staroptions must be used in their usage year, or rolled over to the next year before July 1. (Except for Elite Owners.)

*Regardless of when you call to make the reservation, the Staroptions used are from the same usage year as the reservation.

However, even if the 2015 Staroptions have been rolled over, they won't transfer to you. They will either stay in the current owner's Acct., or, if this is his only Starwood timeshare, they will simply expire after he sells it to you.
 
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tschwa2

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Yes. Your usage for 2017 is for a reservation made in the 2017 calendar year regardless of whether you book the week in 2016 or 2017. The only way to use 2016 SO;s in 2017 would be through banking.
 

canesfan

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Assuming you are buying a mandatory resort. Yes, you use 2017 usage for 2017, even though reserving in 2016. You don't have to prepay MF if you make a home reservation or SVN.

If you deposit into II, MF must be paid for the use year depositing. So if you are depositing 2016, those MF need to be paid to deposit.
 

Password is taco

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No - Staroptions must be used in their usage year, or rolled over to the next year before July 1. (Except for Elite Owners.)

Just to be clear, is this true of the week itself and the staroptions (ie must be used in the usage year)? Are the week and the staroptions one and the same?
 

DeniseM

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Just to be clear, is this true of the week itself and the staroptions (ie must be used in the usage year)? Are the week and the staroptions one and the same?

Yes - one and the same. The 2015 week OR the 2015 Staroptions must be used in 2015, or rolled over to 2016, before July 1.
 

tschwa2

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Yes. Your home week is just like every other timeshare. You can not reserve your 2015 float home week to use in 2016.
 

Password is taco

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Thanks again for everyone's help. The seller has accepted my offer but also let me keep the 2015 usage. I'll just try to use 2015 the best I can, but if it doesn't work out, I won't be bothered.
 

DeniseM

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Thanks again for everyone's help. The seller has accepted my offer but also let me keep the 2015 usage. I'll just try to use 2015 the best I can, but if it doesn't work out, I won't be bothered.

You can literally deposit it the very last day of the year, if you have to, so even if you can't use it this year - deposit it in II.
 
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