negotation resales!

[rosema1268]

I can't believe it i have maybe a great deal but how do i know it's a great deal w/ the WOkRV N not even open yet how do i know howmuh more the resales will go down if I sit and wait a few more months ??

How do you negotiate that or do you just negotiate and not plan on it dropping further and go w/ the savings you have already from the developer price to a resale?

just curious if they keep plummeting over time? percentage wise?

I will take advise and be sure if we buy the seller puts in their time for us now. seeing we are already in October.. and if we can't get the spring or summer of 2008 then we'd want to shoot at least 12 mths out now and not lose our week.

 

[Transit]

Right now untill January is the best time of the year to purchase a resale because maintanace fees are due in January and prices usually dip at this time of year.

 

[Bill4728]

You want to buy one of the nicest TS there is. So although you may save $20K -$25K by buying resale the price of these weeks isn't plummeting. In fact people have said that the resale prices for some of the nicest TS are rising.

To get the best price you likely will want to use Ebay. The next best "asking" prices are the TUG recommended sites like Redweek.com or myresortnetwork.com. If you go to a big site like Timeshares only their prices will be very soft and you may offer only 60% of what they are asking. when the prices are closer to completed ebay auctions those prices maybe pretty firm.


IMHO, you need to take a big breath and SLOW DOWN. It easy to buy a TS, but getting the best deal can take some time. Relax, take your time and even if you pay more than the lowest price available, you'll still have saved $20K or more.

Good Luck

 

[DeniseM]

We bought preconstruction at the WKORV and paid about $45K - that unit has been selling for about $30K on the resale market for some time. That's a 33% discount from the developer price.

I don't know what they are asking for the unit you are looking at, but if it is more than $30K for a 2 bdm., I think it's too much... You could probably actually get a WKORV, 2 bdm., ocean view, for a little less than $30K. Yes - the WKORVN is a little newer now, but in 5 years, it won't make any difference, and Starwood will have another new resort right next to it.

Since the 3 resorts will share all outside amenities and facilities such as pools, restaurants, etc., it makes sense to go for the best price. The units are not substantially different enough to make WKORVN worth thousands more than WKORV.

 

[rosema1268]

thanks

trust me we are taking our time but i found great deals , as least i think . for the NOrth i am finding around 30K of course I wonder if i sit a bit longer if it will drop further? Most websites are around 30-40k and up from their for North.

the older phase is about the same so i figured myswell get the North

i have cked the websites mentioned and have had a few people not even cotnact me back on my resort network i've had better luck w/ some other sites and redweek you have to pay to be a member.
but again no rush.. just looking asking questions

thanks much!

 

[rosema1268]

thanks

oh and it does help to know what people paid precon because it seesm if they paid even close to what we almost did what a shame/ loss!!

 

[DeniseM]

I would also encourage you to thoroughly investigate other options. Starwood is so darn expensive, even resale, and there are some great resorts out there that you could buy for much less. I recently bought 2 ocean front weeks on Kauai for $1,300 and $1,500. Are they as deluxe as Starwood? No - but they cost much less, they are right on the beach, and they aren't on over-crowded Ka'anapali Beach. Maybe Starwood is right for you, but to be sure, investigate your other options. Good luck!

 

[LisaRex]

I'd say if you can get a good price at the north property, that's the way to go if you want OV. OF I'd lean towards the original property.

If you want negotiation tactics, then I'd offer $5k less than what I think the going rate is (e.g. $25k for OV). Then if the owner declines, thank them and invite them to contact you if they change their mind. Repeat with the next owner. Then be prepared to wait. Buyers have a real advantage when buying timeshares because if you don't get one, there another one exactly like it for sale by someone else.

 

[rosema1268]

thx denise

denise honestly I loved starwood. I have looked at Hyatt, hilton others mentioned here, there plans some properties on line and to me it doesn't do the STarwood property justice. also the properties they have are located in places i'd want to travel too, even if it's difficult to get a trade i will try darn hard..

but yes they are pricey and i did look at some cheaper ones but they didn't seem as nice etc.

 

[benjaminb13]

I agree with Denise-
take your time-
Hyatt , Hilton and Marriott have some incredible properties
hIlton and Hgvc have very flexible exchange systems-
Starwood iand Marriott systems are a little older-
After I purchased my first timeshare- Marriott Waiohai- I reali8zed after researching I would have been bettter off with other systems so I ended up selling that and piurchasing with HGVC and now Hyatt-
Quality wise -its probably Hyatt- Hyatt is amazing- ( but you are right - no HawaII)
I stayed away from Starwood because of the limitations on Mandatory/ Voluntary Rule
I would ask and listen the experts over here and at the Marriott forum- for their point of view-b4 making your choice-

 

[Carmel85]

I agree with Denise-
take your time-
Hyatt , Hilton and Marriott have some incredible properties
hIlton and Hgvc have very flexible exchange systems-
Starwood iand Marriott systems are a little older-
After I purchased my first timeshare- Marriott Waiohai- I reali8zed after researching I would have been bettter off with other systems so I ended up selling that and piurchasing with HGVC and now Hyatt-
Quality wise -its probably Hyatt- Hyatt is amazing- ( but you are right - no HawaII)
I stayed away from Starwood because of the limitations on Mandatory/ Voluntary Rule
I would ask and listen the experts over here and at the Marriott forum- for their point of view-b4 making your choice-

Hyatt will be getting to Hawaii very soon just hold on!!!!

 

[DeniseM]

denise honestly I loved starwood. I have looked at Hyatt, hilton others mentioned here, there plans some properties on line and to me it doesn't do the STarwood property justice. also the properties they have are located in places i'd want to travel too, even if it's difficult to get a trade i will try darn hard..

but yes they are pricey and i did look at some cheaper ones but they didn't seem as nice etc.

As long as you have done your homework - that's the important thing. Then you won't have buyer's remorse down the road. If I knew then, what I know now, we wouldn't have bought from Starwood at all, resale or developer. This is subjective of course, but the place is just not worth $45K to me, or even $30K, when I know what is available for so much less.

The things that we've learned through experience (that we didn't know before) are:
1) We HAVE to have a great ocean view and we won't be happy if we don't. - I seriously thought about upgrading to OF at WKORV, but they didn't have anything available and never got back to me.
2) We really enjoy a TS with a tropical decor - Starwood's decor is so generic.
3) And most of all - we don't like crowded beaches or mega-resorts and Ka'anapali is getting too crowded for us.

But again - that's all personal preference, and all that's important is to know what's right for YOU.

You are doing the right thing asking questions and doing your research - hope you find just the right deal for you!

 

[benjaminb13]

Hyatt will be getting to Hawaii very soon just hold on!!!!

Question is:
How soon?

 

[tomandrobin]

Hyatt will be getting to Hawaii very soon just hold on!!!!

By time Hyatt has a resort in Hawii, Starwood will have 3 open and with 2 more in development.

Marriott has 4 open and I think 1 more in development

 

[Quimby4]

Hyatt will be getting to Hawaii very soon just hold on!!!!

Please share your scoop on Hyatt Hawaii plans. There more choices for us traders the better!!!

 

[mesamirage]

Please share your scoop on Hyatt Hawaii plans. There more choices for us traders the better!!!

My guess is that the Hyatt in Hawaii will be next to impossible to trade into... Rarely do you see Hyatts availible for II trades... and never have I seen Aspen/Carmel/Breckenridge/Tahoe (ok maybe Tahoe) Hyatts availible for trade... I can only imagine IF we ever get a Hyatt in Hawaii it will be a crazy trade to try and get.

Steve

I bet NY once finished will be hard to trade as well.. even inside Hyatts internal trades. I think Hyatts way of dealing with the elite properties will be to assign the 2200 point values to all the weeks... most current Hyatt owners dont have that many points... time to stock up!

 

[benjaminb13]

As long as you have done your homework - that's the important thing. Then you won't have buyer's remorse down the road. If I knew then, what I know now, we wouldn't have bought from Starwood at all, resale or developer. This is subjective of course, but the place is just not worth $45K to me, or even $30K, when I know what is available for so much less.

The things that we've learned through experience (that we didn't know before) are:
1) We HAVE to have a great ocean view and we won't be happy if we don't. - I seriously thought about upgrading to OF at WKORV, but they didn't have anything available and never got back to me.
2) We really enjoy a TS with a tropical decor - Starwood's decor is so generic.
3) And most of all - we don't like crowded beaches or mega-resorts and Ka'anapali is getting too crowded for us.

But again - that's all personal preference, and all that's important is to know what's right for YOU.

You are doing the right thing asking questions and doing your research - hope you find just the right deal for you!

I feel the same way about starwood- The resorts are beautiful, huge and extravagant--- but generic- There is something to be said for smaller charming resorts- I think HYATT purposely builds smaller resorts but somehow manages to capture the true 5 star quality and still retain the charm- With their unique/flexible intra-exchange system- If they ever opened a resort in Maui or Kauai- They would be sold out in a flash- Many Tuggers will start purchasing Hyatt properties in order to to have points-
Problem is- Hyatt moves real slow- I agree with a post on another thread- By the time Hyatt builds in Maui ---- youll have five starwoods, six Marriotts and 4 Hiltons-

 

[rosema1268]

Hyatt

Hyatt does sound great but NO maui and that;s where were looking perhaps down the round that will be our second purchase.. .. after all this i will know my stuff.

 

[Carmel85]

Please share your scoop on Hyatt Hawaii plans. There more choices for us traders the better!!!

LOOK for non hyatt owners you will NOT be trading into any new HYATT resorts it is that simple!!! I do not know how much I can state that..If you are trying to get hyatt through II you will NOT get in to the new resorts period.

Last year I think Hyatt Tahoe only traded about 15 units total all OFF season and that hyatt is about 6 years old and completely SOLD out!!!!

 

[Kal]

My Dad always told me "never say never".

Actually, when ever you see a Hyatt resort where Hyatt still has inventory for sale, those unsold units will be available. Most often Hyatt provides those units to selected agencies for rent, but sometimes they are provided elsewhere.

Many people can obtain a Hyatt property (most often the Beach House) thru Interval but is highly unlikely one can be obtained during high season.

 

[Carmel85]

My Dad always told me "never say never".

Actually, when ever you see a Hyatt resort where Hyatt still has inventory for sale, those unsold units will be available. Most often Hyatt provides those units to selected agencies for rent, but sometimes they are provided elsewhere.

Many people can obtain a Hyatt property (most often the Beach House) thru Interval but is highly unlikely one can be obtained during high season.

OK

CLOSE to NEVER!!!!!!!!!

Hyatt Tahoe NEVER gives to II during High ski or summer season that is the facts!!!

This was asked during the HOA meeting at the resort this year in August.

 

[Kal]

...Hyatt Tahoe NEVER gives to II during High ski or summer season that is the facts!!!

This was asked during the HOA meeting at the resort this year in August.

I don't mean to split hairs, but the distinction is HVC member owned units and units owned by the developer. When an owner deposits a unit into the HVC Club, occupancy is managed by the HVC. With regard to units being transferred to Interval, that is handled by Corporate under the terms of a contract agreement that is VERY closely held. I doubt very seriously that any particular resort has a clue as to what it says or how the distribution is made to Interval.

For units that have not been sold, or have been returned to Hyatt by foreclosure, those units are outside the control of the HVC Club or applicable resort. All decisions on occupancy of those units are strictly controlled by the developer. Of course the developer has the option to provide any of those units to the HVC in exchange for $$$$$ or other considerations. When that occurs, the HVC controls use of the unit for that week.

 

[Carmel85]

I don't mean to split hairs, but the distinction is HVC member owned units and units owned by the developer. When an owner deposits a unit into the HVC Club, occupancy is managed by the HVC. With regard to units being transferred to Interval, that is handled by Corporate under the terms of a contract agreement that is VERY closely held. I doubt very seriously that any particular resort has a clue as to what it says or how the distribution is made to Interval.

For units that have not been sold, or have been returned to Hyatt by foreclosure, those units are outside the control of the HVC Club or applicable resort. All decisions on occupancy of those units are strictly controlled by the developer. Of course the developer has the option to provide any of those units to the HVC in exchange for $$$$$ or other considerations. When that occurs, the HVC controls use of the unit for that week.

Kal,

I like you and respect you 100%, I was just saying that at the HOA meeting in Tahoe a lot was said about II

Thank you always for you great effort and knowledge of Hyatt you have always been at the top of my list as well and many many other Hyatt owners!!!

 

[Kal]

TY!

I would dearly love to see how that contract with Interval reads. Whenever I find someone who gets into a Hyatt property thru Interval I always quiz them as to the details of the "exchange".

Aside from that the whole issue of Interval is a real burr under my saddle. I am paying a separate Interval fee for EACH AND EVERY Hyatt unit I own. I only wish it could be optional as I never use the Interval option. At least I wish I would only have a single Interval fee rather than multiple fees.

My non-Hyatt timeshare properties are in the Interval program and I can lump all of them under a single membership for little or no additional cost. Matter of fact Hyatt will not allow me to run my non-Hyatt properties under the Hyatt Interval membership number, so I have to have TWO Interval memberships. Grrrrrrrrrrrr

 

[Carmel85]

TY!

I would dearly love to see how that contract with Interval reads. Whenever I find someone who gets into a Hyatt property thru Interval I always quiz them as to the details of the "exchange".

Aside from that the whole issue of Interval is a real burr under my saddle. I am paying a separate Interval fee for EACH AND EVERY Hyatt unit I own. I only wish it could be optional as I never use the Interval option. At least I wish I would only have a single Interval fee rather than multiple fees.

My non-Hyatt timeshare properties are in the Interval program and I can lump all of them under a single membership for little or no additional cost. Matter of fact Hyatt will not allow me to run my non-Hyatt properties under the Hyatt Interval membership number, so I have to have TWO Interval memberships. Grrrrrrrrrrrr

Kal,

We also asked the Hyatt rep at the HOA in Lake Tahoe meeting if we as Hyatt owners can really get together and stop this bad option of Hyatt and II nothing will change..

Im in the same boat paying over $100+times 3 hyatt resorts we own of my MF's to II and I prefer not to use it... I would love to get that $100 + back !!!!

Lets start a petition with all your Hyatt contacts maybe you can have hyatt owners sign in on your website then when we go to different HOA meeting we can submitt them to the Hyatt and the different boards!!!