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Estoppel Question - WKV

wannagetaway

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Hello! I won an auction on eBay for WKV Gold Season and I just received the estoppel and transfer documents. I'm a little nervous because there is no mention of the number of StarOptions on any of the documents. Also, the location listed is under the name of the homeowners association. I tried calling the resort but they wouldn't give me any information. Is this the norm?
 

Helios

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Hello! I won an auction on eBay for WKV Gold Season and I just received the estoppel and transfer documents. I'm a little nervous because there is no mention of the number of StarOptions on any of the documents. Also, the location listed is under the name of the homeowners association. I tried calling the resort but they wouldn't give me any information. Is this the norm?

Not sure if this estoppel SOP, but don't worry, you will get the corresponding SOs because WKV is mandatory. What size did you get?
 

cubigbird

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WKV is a mandatory resort so StarOptions will transfer. The amount depends on if you have a 1 bedroom premium (44,000), 1 bedroom (37,000) or two bedroom (81,000).

It is also technically correct to see the Scottsdale Sonoran Villas Vacation Owners Association.
 

DeniseM

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ALL WKV ownerships have Staroptions, so what you want to do is to check the estoppel, and the deed to make sure the deeded season on the documents is correct.

That being said, are you really buying Gold Season? That is the lowest season at the resort, so the maintenance fee is the same as high season, but the Staroptions are much lower.

Plat Plus: weeks 1-21, 50-52 ------ 2 bdm = 148, 100 Staroptions
Gold Plus: weeks 22-27, 36-49 --- 2 bdm = 81,000 Staroptions
Gold: weeks 28-35 ---------------- 2 bdm = 67,100 Staroptions

2015 Maintenance fee for ALL 3 = $1,367 MF + $47 taxes + $130 SVN fee
 

wannagetaway

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It is a 1 bedroom, so 37,000. Not too many, but I'm really excited to try this out. I've been reading this forum for awhile so I think this will work for now. Thank you both so much for your help!
 

DeniseM

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It is a 1 bedroom, so 37,000. Not too many, but I'm really excited to try this out. I've been reading this forum for awhile so I think this will work for now. Thank you both so much for your help!

I'm sorry to be negative, but 37,000 is a really low amount. At many resorts, it's not even enough for a studio.

For instance, at all 3 Hawaii resorts, a studio is 67,100 Staroptions.

To be quite honest with you, I would not take that timeshare even for free.
 

wannagetaway

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It must be Gold Plus, but the smaller one bedroom. I'm hoping to use the points at hotels if possible. If it transfers before the end of the year is there anyway to use the 2015 points/reservation?
 

DeniseM

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It must be Gold Plus, but the smaller one bedroom. I'm hoping to use the points at hotels if possible. If it transfers before the end of the year is there anyway to use the 2015 points/reservation?

With a resale, you don't get any points (Starpoints/hotel points) so no hotel use.

You can use the Staroptions (timeshare points) in the SVN, but you don't have enough Staroptions for most reservations.

You have up until the last day of the year to deposit the week in II - IF it is in your name by then.

It's too late to roll the Staroptions over in the SVN - the deadline was July 1.

This timeshare is not good value. I'd back out if it, and do some more research.

Honestly - this is the kind of week that people give away.
 
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DeniseM

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Have you reviewed the Staroption chart to see what reservations you can get with 37,000 Staroptions?

Staroption Chart Download
 

wannagetaway

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I recently stayed at the Westin St. Francis and it was $350 per night. The MF for this unit for a week is under $700. The resort looks amazing so I'd love to stay there, but I was hoping to also be able to use Star Options for hotel stays closer to home and I wasn't expecting to get a whole week anywhere else. I guess I am looking at this the wrong way. Thanks for the advice.
 

DeniseM

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You cannot use Staroptions for hotel stays.

You can only use Staroptions for timeshare stays, and you have such a small amount, that your choices are extremely limited.

This is where you can use Staroptions - there is no place closer than Palm Springs:

Staroption Chart Download

Ebay timeshares sales are not binding - you should contact them, and say that you made a mistake, and you are not going to proceed.
 
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DavidnRobin

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I recently stayed at the Westin St. Francis and it was $350 per night. The MF for this unit for a week is under $700. The resort looks amazing so I'd love to stay there, but I was hoping to also be able to use Star Options for hotel stays closer to home and I wasn't expecting to get a whole week anywhere else. I guess I am looking at this the wrong way. Thanks for the advice.

You are confusing StarOptions (used for Timeshares) and StarPoints (used for Hotels) - you cannot use this WKV weeks for hotel stays. It does have Interval International ability to exchange, but there are better options for purchases to use II. I would decline the sale - eBay transactions are not binding. And do more research. WKV is a great resort to own resale - we own 2 weeks. Consider only Platinum season. IMO
 

wannagetaway

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You cannot use Staroptions for hotel stays.

You can only use Staroptions for timeshare stays, and you have such a small amount, that your choices are extremely limited.

This is where you can use Staroptions - there is no place closer than Palm Springs:

Staroption Chart Download

I thought I had read everything about Starwood but I clearly missed this point. Ugh.
 

DeniseM

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Sorry if this sounds harsh, but honestly, if you proceed with this purchase, you will regret it later. Guaranteed.

You should back out, and then spend some time doing your research on TUG, and when you find something you are interested in buying, vet it here, first.

I would look at a 1 bdm. Plat week with 81,000 Staroptions - that is a much better value, and it's enough for a one bedroom timeshare at just about any resort and season.

However, if your goal was to buy for hotel usage - there is just no way to do that.
 
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vacationtime1

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The 37000 StarOption WKV unit (small side, shoulder season) is a niche item. We own one and find it useful. But we find it to be useful for only two things:

(1) it is a good Interval trader with a Starwood preference. But be aware that Starwood has become very inconsistent about depositing units into Interval;

(2) topping off StarOptions from another VOI. It will add a couple of days to a Hawaii trip, upgrade a studio into a one bedroom unit, etc.

It is sort of worthless as a stand-alone item. If you want to stay at Kierland during shoulder season, you can buy a large side one bedroom Getaway from Interval for less than the MF's on this unit (currently $547 + SVN fees).

As others have said -- no hotel points. Unless you know exactly how you will use this unit, you should pass.
 
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