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My Survey

BillEvans

Guest
Joined
Jul 17, 2021
Messages
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We bought a Westin Flex plan (67.1K StarOptions for about $25K and $1550 VOI) but are still within our rescind period so trying to figure out whether to keep or not while exit is easy/painless.

1) Is there a vacation destination you wish to visit most of the time or on a regular basis? if so where?
Hawaii, probably every other year

2) Do you want to visit your home resort at least half the time, or do you want to trade more than half the time?
Probably one of the 4 Hawaii home properties about half the time (Princeville the most since we like Kauai more than Maui), trade the rest, more often for international destinations at least for the first 10-15yrs when we can handle the longer flights

3) What are your 5 top trade destinations?
Asia (Japan, Thailand), Europe, Australia/New Zealand initially, then maybe Mexico, Canada as we get older

4) How many people do you usually travel with - total, including yourself?
3 for the first couple years, then mostly 2.

5) Can you travel any time, or are you locked into the school schedule?
School schedule for the first couple years, then flexible

6) Can you make firm plans 12 or more mos. in advance?
Yes

7) Can you vacation for a full week at a time?
Yes

8) What level of accommodations do you prefer on a scale of 1 to 5 stars?
3-4, occasionally 5 maybe, but it’s only a nice option to have vs must-have, but at least 3-4 for the most part

9) How much can you afford to spend upfront, without financing?
$25K

10) How much can you afford to spend every year for a maintenance fee that will come due right after Christmas, and increase each year?
$2K, but wouldn’t like to see them increase by much more than the inflation rate or say 3%/year

11) Are you a detail oriented planner?
Yes, I can be if needed

12) Do you understand that once you buy a timeshare, it may be very difficult to sell or give away, and you are responsible for all fees, until you do?
Yes. While I think we can handle the initial cost and annuals as long as they don’t increase by more than 3-4%/year, I have a bit of a concern of it being an ongoing undesired financial obligation for my child once we pass on
 

Ken555

Tug Review Crew: Rookie
TUG Member
Joined
Jun 7, 2005
Messages
12,336
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4,038
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Location
Los Angeles
Resorts Owned
Westin Kierland
Sheraton Desert Oasis
Rescind immediately.


Sent from my iPad using Tapatalk
 

vacationtime1

Tug Review Crew: Rookie
TUG Member
Joined
Sep 7, 2006
Messages
4,287
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Location
San Francisco
Resorts Owned
WKORV-OF (Maui)
WKV x3 (Scottsdale)
Rescind the Flex contract. You can get the vacations you want cheaper.

If your primary Hawaii destination is Princeville and you are not tied to the school calendar, you can get a one bedroom unit every year (not a studio) by buying a Kierland platinum+ one bedroom unit. It comes with 81000 transferrable StarOptions, will cost $9-10k, and have annual maintenance fees of about $1,225 (including the VSN fee). You will be able to reserve Princeville easily at the 8 month mark (Maui will be a bit harder, but should be available during school times).

If you are satisfied with a studio rather than a one bedroom, you can buy a Kierland unit with 67100 StarOptions for about $6k with MF's of ~$800 including VSN.
 

BillEvans

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Jul 17, 2021
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Rescind immediately.


Sent from my iPad using Tapatalk
Rescind the Flex contract. You can get the vacations you want cheaper.

If your primary Hawaii destination is Princeville and you are not tied to the school calendar, you can get a one bedroom unit every year (not a studio) by buying a Kierland platinum+ one bedroom unit. It comes with 81000 transferrable StarOptions, will cost $9-10k, and have annual maintenance fees of about $1,225 (including the VSN fee). You will be able to reserve Princeville easily at the 8 month mark (Maui will be a bit harder, but should be available during school times).

If you are satisfied with a studio rather than a one bedroom, you can buy a Kierland unit with 67100 StarOptions for about $6k with MF's of ~$800 including VSN.
Thanks very much, I appreciate the shared wisdom and advice from the experienced crew here!
 

CalGalTraveler

TUG Member
Joined
Dec 21, 2014
Messages
6,926
Reaction score
5,636
Points
498
Location
California
Resorts Owned
HGVC, MVC Vistana
Good advice from prior posters. I would also add that Westin/Vistana does not have properties in Asia, Europe or Australia/NZ. If you buy resale you cannot transfer into Bonvoy points, (however that is not a good trade since Bonvoy has devalued significantly). Suggest that you don't overbuy so you will have budget to travel to these other locales.

No worries about the financial obligation for your child. If you cannot deedback or sell, your child is not required to accept timeshares as part of their inheritance so the unit would revert to the developer from the estate.
 
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