Disadvantage to buying two every other year units rather than one every year unit?

[5finny]

Pretty new to Vistana but I just bought an 81 K Staroptions odd year EOY Vistana villages non-lockoff unit on ebay
If I find and buy another EOY even year unit I am assuming my only disadvantage would be paying two club fees every year
From what I read I believe the second club fee is reduced and there is no additional club fee if you buy more units thereafter

So if you owned 4 EOY units you would pay two annual club fees the same as if you owned 2 every year units?

I have I figured this part correctly ?

 

[rad.travel.dad]

Pretty new to Vistana but I just bought an 81 K Staroptions odd year EOY Vistana villages non-lockoff unit on ebay
If I find and buy another EOY even year unit I am assuming my only disadvantage would be paying two club fees every year
From what I read I believe the second club fee is reduced and there is no additional club fee if you buy more units thereafter

So if you owned 4 EOY units you would pay two annual club fees the same as if you owned 2 every year units?

I have I figured this part correctly ?

I believe you will already be paying your Club Fee every year for the odd year unit you just bought. If you buy a second unit, whether every year or EOYE/EOYO, you’ll still only pay one Club Fee overall.

 

[5finny]

Even better I thought I would have to pay another $40-$50 per year for the second unit

Sales price was $820 no closing costs
2020 maintenance fees were paid so I think I get 81,000 star options in 2021 after paying 2021 Maintenance fees and club fees totalling $795

 

[rad.travel.dad]

Very nice! I’m closing on a Vistana unit right now too, 81,000 options every year.

With EOY, you pay the club fee and maintenance fee every year (even on years you don’t receive points) but your maintenance fee is split in two so you pay half every year... if that makes sense!

 

[jabberwocky]

You will pay $155 per year for the first unit and $50 per year for the second - it doesn’t matter if it is annual or biennial. Everything else after that is free.
In this case you would pay $205/year. If you had purchased an annual it would have been $155.

 

[wjarcher]

I think you pay a little more than half of the annual MF for biannual units, not like Marriott units which you pay exactly 50%

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[5finny]

I thought I would get hit for the extra $50 on a second unit but I did not think I would be paying more than 50% of the maintenance fees.
If I am I may have made a mistake (if I have made a mistake it is not the first one I have made)

 

[wjarcher]

Not much extra though, you can find out the MFs at http://www.eternaltides.com/SVN/SVNQuery.aspx

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[Ken555]

They also charge ~$20/year extra on EOY vs EY of the same unit in MFs.

 

[5finny]

Not much extra though, you can find out the MFs at http://www.eternaltides.com/SVN/SVNQuery.aspx

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Checked the site
It shows 2020 EY 2 BR $1117.37 & EOY $590.55 (no club fees)
IT also shows 2019 EY 2 BR $1047.05 & EOY $590.55 (no club fees)

I suspect one of the entries is wrong

 

[wjarcher]

Checked the site
It shows 2020 EY 2 BR $1117.37 & EOY $590.55 (no club fees)
IT also shows 2019 EY 2 BR $1047.05 & EOY $590.55 (no club fees)

I suspect one of the entries is wrong

Make sure you also add the property tax, I think the annual mf is over $1200 and eoy MF is over $600

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[jabberwocky]

I thought I would get hit for the extra $50 on a second unit but I did not think I would be paying more than 50% of the maintenance fees.
If I am I may have made a mistake (if I have made a mistake it is not the first one I have made)

Not the worst mistake. I have a few EOY and they work well. The difference in MF is minimal usually $20-25/year.

 

[5finny]

$20-$25 a year is way smaller than most mistakes I make

 

[rad.travel.dad]

Just for reference, the MFs on the EY Vistana I’m purchasing for 81,000 points are around $1,400 every year so it would appear that your MFs at $795 a year is about $200 more over the two years. Unless I’m missing something, which is possible

 

[DannyTS]

Pretty new to Vistana but I just bought an 81 K Staroptions odd year EOY Vistana villages non-lockoff unit on ebay
If I find and buy another EOY even year unit I am assuming my only disadvantage would be paying two club fees every year
From what I read I believe the second club fee is reduced and there is no additional club fee if you buy more units thereafter

So if you owned 4 EOY units you would pay two annual club fees the same as if you owned 2 every year units?

I have I figured this part correctly ?

You may know this already but I will say in case you do not. The EOY contracts that are enrolled in VSN have a big disadvantage. Say you have an even year contract, if you bank the 2020 Options you will only be able to use in another even year, 2022 or 2024. To me that is a problem, 2024 is a long way from now. When you borrow you can only borrow from 2022 to 2020, you cannot use the contract for any odd year bookings. In practice if you have 2 contracts EOY even and EOY odd, you will never be able to combine the points. Because you cannot combine the years, you may also waste more points.

I hope Vistana will revisit this policy, especially now with Covid people need as much flexibility as possible.

 

[Ken555]

Just for reference, the MFs on the EY Vistana I’m purchasing for 81,000 points are around $1,400 every year so it would appear that your MFs at $795 a year is about $200 more over the two years. Unless I’m missing something, which is possible

It’s not uncommon for listings to include the club fees in their MF estimate. Or, just wrong.


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[rad.travel.dad]

It’s not uncommon for listings to include the club fees in their MF estimate. Or, just wrong.


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I know for sure my $1,400 MF does include the club fee as does the poster’s $795 every year. So it is about $190 more than my annual which basically is the one extra annual club fee for the off year... the story checks out.

 

[5finny]

You may know this already but I will say in case you do not. The EOY contracts that are enrolled in VSN have a big disadvantage. Say you have an even year contract, if you bank the 2020 Options you will only be able to use in another even year, 2022 or 2024. To me that is a problem, 2024 is a long way from now. When you borrow you can only borrow from 2022 to 2020, you cannot use the contract for any odd year bookings. In practice if you have 2 contracts EOY even and EOY odd, you will never be able to combine the points. Because you cannot combine the years, you may also waste more points.

I hope Vistana will revisit this policy, especially now with Covid people need as much flexibility as possible.

I had read this but I frankly was not thinking about it when I bid on the unit.
I am not disappointed that I bought the unit but if I had been thinking about this issue I might have waited for an EY unit

 

[rad.travel.dad]

You may know this already but I will say in case you do not. The EOY contracts that are enrolled in VSN have a big disadvantage. Say you have an even year contract, if you bank the 2020 Options you will only be able to use in another even year, 2022 or 2024. To me that is a problem, 2024 is a long way from now. When you borrow you can only borrow from 2022 to 2020, you cannot use the contract for any odd year bookings. In practice if you have 2 contracts EOY even and EOY odd, you will never be able to combine the points. Because you cannot combine the years, you may also waste more points.

I hope Vistana will revisit this policy, especially now with Covid people need as much flexibility as possible.

I was just looking into this yesterday regarding banking points on Vistana EOY shares and I thought I understood it differently. Here’s the thread I was reading through:

Understanding EOY staroptions

need some help understanding how the every other year staroptions work. I'm looking at a mandatory resale every other year, odd years 81k. I'll pay my 1st MF dues in January of 2018. So my question is will I be able to book with staroptions 8 months out in 2018 for a 2019 stay, or do I have to...

tugbbs.com

According to that thread, if you have points in 2019 for an EOYO (for example) and you bank them, they are usable for two years starting in 2020 and until the end of 2021. I’d like to know how this works as well since I was considering a second purchase as an EOY in the future.

 

[wjarcher]

I have an EOY SVV even and also a WKORVN annual. I banked 2020 points for both and they are available for 2021 usage. Not sure if it is due to the fact that I have an annual unit though. It's weird that there is such limit as you are paying for SVN membership every year.

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[Ken555]

I know for sure my $1,400 MF does include the club fee as does the poster’s $795 every year. So it is about $190 more than my annual which basically is the one extra annual club fee for the off year... the story checks out.

If so, then that’s significantly more for an eoy vs ey than we have discussed on TUG for at least ~15 years. Are you sure you are comparing the same resort and section?


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[rad.travel.dad]

If so, then that’s significantly more for an eoy vs ey than we have discussed on TUG for at least ~15 years. Are you sure you are comparing the same resort and section?


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The original poster hasn’t disclosed which section exactly but can if they want. The details of mine are EY SVV Bella phase, 2 bedroom (non-lockoff) platinum season, 81,000 points. The MFs are around $1,400 including club fee.

 

[DannyTS]

I have an EOY SVV even and also a WKORVN annual. I banked 2020 points for both and they are available for 2021 usage. Not sure if it is due to the fact that I have an annual unit though. It's weird that there is such limit as you are paying for SVN membership every year.

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this is from the |VS|N rules:
3.2 StarOptions Chart and Use of StarOptions. The number of StarOptions required to reserve the use of a given Vacation Period during the Network Float Period is set forth in the StarOptions Chart. Network Members may use StarOptions to reserve available Vacation Periods at Network Resorts or Bank or Borrow StarOptions during the Network Float Period pursuant to the Network Rules. StarOptions are valid for immediate use as soon as the StarOptions are assigned to the Network Member, subject to the Network Rules. The StarOptions Chart is subject to change at the discretion of Network Operator. Owner Information Page 133 15 NETWORK GUIDE R-51 (VOLUNTARY RESORTS) StarOptions that have not been Banked are valid until the end of the Use Year for which the StarOptions are assigned, and may only be used to reserve Vacation Periods that occur before the end of such Use Year. If a Network Member fails to use any or all of the Network Member's StarOptions for Vacation Periods that occur before the end of the assigned Use Year, the StarOptions automatically will expire. StarOptions may be Banked to reserve Vacation Periods that occur during succeeding Use Years subject to the rules regarding Banking set forth in Section 3.6. Network Members owning Biennial VOIs will be assigned StarOptions only for their Even or Odd Use Year. StarOptions assigned to the Network Member owning more than one VOI will be allocated for reservation purposes to the Vacation Period with the shortest remaining time availability for

*******
b. Biennial Restrictions. Each Network Member owning a Biennial VOI may request use of assigned StarOptions and be granted a confirmed reservation only for occupancy of a Vacation Period occurring during such Network Member’s Use Year, which occurs every other year. During the Home Resort Fixed Priority Period, (a) a Network Member owning an Even Year Biennial VOI can only reserve occupancy of such Network Member’s Fixed Vacation Period which occurs in calendar years ending in an even number or zero; and (b) a Network Member owning an Odd Year Biennial VOI can only reserve occupancy of the such Network Member’s Fixed Vacation Period in calendar years ending in an odd number. c. Submitting a Reservation Request.

 

[5finny]

The details of mine are EY SVV Bella phase, 2 bedroom (non-lockoff) platinum season, 81,000 points. The MFs are around $1,400 including club fee.

Mine was an an EOYO SVV Bella phase 2 bedroom (non-lockoff) 81,000 points "gold" season
Here is the information from the auction (ebay) listing

Usage	ODD YEAR AWARDING OF 81,000 STAROPTIONS
Week	FLOATING GOLD SEASON FLOATING 6-17, 23-34, 39-47, & 51-52 Deeded 10
Unit	FLOATING BEST AVAILABLE Deeded 05302 FLOATING BEST AVAILABLE
Unit Size	2 Bedroom & 2 Bathroom
Maintenance Fee	$650.71 PER YEAR PLUS $145 FOR SVN MEMBERSHIP IF NOT ALREADY AN OWNER OF SVN ACCOUNT
Exchange Company	II
Amounts Due:	Winning Bid ONLY
First Year Usage	2021
2020 Maintenance Fee	PAID BY SELLER $795.71 VALUE
Closing Costs and Tax	PAID BY SELLER $750 SAVINGS
Resort Transfer Fee	PAID BY SELLER $25 VALUE

 

[5finny]

this is from the |VS|N rules:
3.2 StarOptions Chart and Use of StarOptions. The number of StarOptions required to reserve the use of a given Vacation Period during the Network Float Period is set forth in the StarOptions Chart. Network Members may use StarOptions to reserve available Vacation Periods at Network Resorts or Bank or Borrow StarOptions during the Network Float Period pursuant to the Network Rules. StarOptions are valid for immediate use as soon as the StarOptions are assigned to the Network Member, subject to the Network Rules. The StarOptions Chart is subject to change at the discretion of Network Operator. Owner Information Page 133 15 NETWORK GUIDE R-51 (VOLUNTARY RESORTS) StarOptions that have not been Banked are valid until the end of the Use Year for which the StarOptions are assigned, and may only be used to reserve Vacation Periods that occur before the end of such Use Year. If a Network Member fails to use any or all of the Network Member's StarOptions for Vacation Periods that occur before the end of the assigned Use Year, the StarOptions automatically will expire. StarOptions may be Banked to reserve Vacation Periods that occur during succeeding Use Years subject to the rules regarding Banking set forth in Section 3.6. Network Members owning Biennial VOIs will be assigned StarOptions only for their Even or Odd Use Year. StarOptions assigned to the Network Member owning more than one VOI will be allocated for reservation purposes to the Vacation Period with the shortest remaining time availability for

*******
b. Biennial Restrictions. Each Network Member owning a Biennial VOI may request use of assigned StarOptions and be granted a confirmed reservation only for occupancy of a Vacation Period occurring during such Network Member’s Use Year, which occurs every other year. During the Home Resort Fixed Priority Period, (a) a Network Member owning an Even Year Biennial VOI can only reserve occupancy of such Network Member’s Fixed Vacation Period which occurs in calendar years ending in an even number or zero; and (b) a Network Member owning an Odd Year Biennial VOI can only reserve occupancy of the such Network Member’s Fixed Vacation Period in calendar years ending in an odd number. c. Submitting a Reservation Request.

I also recently bought an EOYE 2 Bedroom ocean view unit in hawaii
With the virus it took forever to get into my account
I was just able to deposit my 2020 points before the cutoff date
I copied the below from my account
I can make a 2021 reservation today with the deposited points
I can not see into 2022 and I am clueless about borrowing


2020202120222023WEEKLY OWNERSHIP INTERESTS




THE WESTIN KĀ‘ANAPALI OCEAN RESORT VILLAS




WEEK 17, CONTRACT- 2 BEDROOM LOCKOFF VILLA
1 BEDROOM PREMIUM VILLA0--81,000--STUDIO PREMIUM VILLA0--67,100--STAROPTIONS®




BANKED STAROPTIONS1EXPIRING 12/31/2022--148,100148,100--TOTAL
0
148,100