mig1
Guest
- Joined
- Sep 6, 2008
- Messages
- 49
- Reaction score
- 13
- Location
- Los Angeles
- Resorts Owned
-
WKORV
DVC Animal Kingdom Lodge
My family and I just returned from a few days in Palm Springs and went on an information "update" at the Westin Mission Hills regarding the forthcoming Desert Willow property.
After sitting with their sales people and getting their "pitch" I noticed that unlike previous visits, there was no real hard effort to "close" my wife and I. It was as though they half expected us to walk away without purchasing anything (which we did).
The price for a Platinum 2 Bedroom at DW is 38,900 with an incentive of 120,000 Starpoints, a bonus of an extra 30,000 (because we are already owners at WKORV), and the ability to buy an extra 80,000 SPG Starpoints for the 09 and '10 use years because the property isn't scheduled to open until next year. That option was $15,550 for each year of SPG points desired (if any).
So, adding it all up....with all the bells and whistles, if we were to jump in on this at the developers price, it would be 42,000 which was MORE than what we paid for on Maui!!
Which leads me to my question.......is SVO looking at the same economy that I am? When I questioned the rep about the surplus of inventory on the resale market and the prospect of them requalifying a resale as an incentive to purchase from developer inventory I was looked at like a deer in the headlights.
I'm sure the developer has done some financial modeling....projecting sales etc etc.....but IF I wanted to buy at Desert Willow....I'd be better off waiting 12 months for some current owner who has jumped in at this crazy price point and then discovered that they could no longer afford it given the state of the economy.
Wouldn't SVO in general do a better job of generating sales of current inventory by LOWERING their prices AND holding the current incentives or making them even more generous.....perhaps even holding a ONE day sale (or week) to exisiting owners at specific resorts where they want to move inventory?
Frankly, the meeting seemed a bit odd all the way around, and despite their claims to us that the prices were going up soon (perhaps as quickly as this week), it seems to fly in the face of the general economy. They made several mentions of how well they were selling inventory, but just last week I was told by one of their senior staffers that sales were off projections on DW by 30%.
I'd like to own another week, and at Desert Willow, but I'm inclined to pick up one at a drastically reduced rate in the near future, and then retro it back in with a developer purchase down the road. The resort doesn't even open until January of next year.....so there's no real rush.
This is my first post.....sorry if its rambling......
After sitting with their sales people and getting their "pitch" I noticed that unlike previous visits, there was no real hard effort to "close" my wife and I. It was as though they half expected us to walk away without purchasing anything (which we did).
The price for a Platinum 2 Bedroom at DW is 38,900 with an incentive of 120,000 Starpoints, a bonus of an extra 30,000 (because we are already owners at WKORV), and the ability to buy an extra 80,000 SPG Starpoints for the 09 and '10 use years because the property isn't scheduled to open until next year. That option was $15,550 for each year of SPG points desired (if any).
So, adding it all up....with all the bells and whistles, if we were to jump in on this at the developers price, it would be 42,000 which was MORE than what we paid for on Maui!!
Which leads me to my question.......is SVO looking at the same economy that I am? When I questioned the rep about the surplus of inventory on the resale market and the prospect of them requalifying a resale as an incentive to purchase from developer inventory I was looked at like a deer in the headlights.
I'm sure the developer has done some financial modeling....projecting sales etc etc.....but IF I wanted to buy at Desert Willow....I'd be better off waiting 12 months for some current owner who has jumped in at this crazy price point and then discovered that they could no longer afford it given the state of the economy.
Wouldn't SVO in general do a better job of generating sales of current inventory by LOWERING their prices AND holding the current incentives or making them even more generous.....perhaps even holding a ONE day sale (or week) to exisiting owners at specific resorts where they want to move inventory?
Frankly, the meeting seemed a bit odd all the way around, and despite their claims to us that the prices were going up soon (perhaps as quickly as this week), it seems to fly in the face of the general economy. They made several mentions of how well they were selling inventory, but just last week I was told by one of their senior staffers that sales were off projections on DW by 30%.
I'd like to own another week, and at Desert Willow, but I'm inclined to pick up one at a drastically reduced rate in the near future, and then retro it back in with a developer purchase down the road. The resort doesn't even open until January of next year.....so there's no real rush.
This is my first post.....sorry if its rambling......
"Wal-mart, wal-mart, wal-MART!!!"
And the SP incentives are the same they were last year. I'd love to see more of the prior incentives too (250,000 ish SPs plus bonuses).