• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Opinion/Advice on Purchase

lordnorth

TUG Member
Joined
Apr 6, 2009
Messages
11
Reaction score
0
Hoping I might get some opinions on whether a purchase I am considering is a good deal and any advice on how to safely proceed with the purchase.

The property is Vistana Villages Key West. It is a two bedroom lock-off in Platinum season with a point value of 95,700 (Though I'm not sure of the exact week.) The maintenance fees are estimated at $1400 for 2012. They are reportedly paid up through 2011.

The asking price is $3500 and the expected closing costs are about $300 plus $50 to record the deed and $25 for Starwood to transfer ownership.

This would be our first purchase into Starwood, although my parents currently own weeks in Vistana Villages and in Colorado. We expect to inherit their weeks, hopefully in the very distant future.

Can anyone weigh in on whether they feel like this is a good deal, a fair deal, or just a poor deal (for the buyer!). Also can anyone make recommendations on title companies.

What should I be asking for before the sale to make sure everything is legit and what should I be doing/looking for to keep myself safe.

Thanks in advance for your advice!

Chris
 

gtm2011

TUG Member
Joined
Jun 29, 2011
Messages
133
Reaction score
0
Location
TX
Do you need 95,700 StarOptions? If not, I would recommend a non-lock off 2 bedroom at Bella or Key West that gives you 81,000 StarOptions. The maintenance fee’s are about $400 cheaper (around $1,000 versus $1,400) and the purchase price will probably be around $1,500 to $2,000 instead of $3,500. I am assuming you are buying a mandatory resort for the StarOptions and not to trade in II. Otherwise, you should probably buy a Gold Plus (1-52 week) SDO 2 bedroom lock off for around $1,000 with maintenance fees around $900 a year.
 
Last edited:

vacationtime1

TUG Review Crew: Veteran
TUG Member
Joined
Sep 7, 2006
Messages
5,250
Reaction score
2,858
Location
San Francisco
Resorts Owned
WKORV-OF (Maui)
WKV x2 (Scottsdale)
Do you need 95,700 StarOptions? If not, I would recommend a non-lock off 2 bedroom at Bella or Key West that gives you 81,000 StarOptions. The maintenance fee’s are about $400 cheaper (around $1,000 versus $1,400) and the purchase price will probably be around $1,500 to $2,000 instead of $3,500. I am assuming you are buying a mandatory resort for the StarOptions and not to trade in II. Otherwise, you should probably buy a Gold Plus (1-52 week) SDO 2 bedroom lock off for around $1,000 with maintenance fees around $900 a year.

I agree with this. 81,000 is the benchmark number of StarOptions required for two bedroom units at most of Starwood's east coast resorts and for one bedroom units in Hawaii. What is your purpose in purchasing 95,700 SO's? If you don't have a clear answer, you shouldn't pay extra.

The advice about purchasing a 2 bedroom lock off SDO for Interval exchanges is also very sound.
 

DeniseM

Moderator
Joined
Jun 6, 2005
Messages
58,125
Reaction score
9,701
Location
Northern, CA
Resorts Owned
WKORV, WKV, SDO, 4-Kauai Beach Villas, Island Park Village (Yellowstone), Hyatt High Sierra, Dolphin's Cove (Anaheim) NEW: 2 Lawa'i Beach Resort!
What should I be asking for before the sale to make sure everything is legit and what should I be doing/looking for to keep myself safe.

Thanks in advance for your advice!

Chris

When you buy a timeshare on ebay:

1) You don't pay immediately as you do with other auctions - I'd make a minmum "good faith" deposit, and then wait for the *Resale Info. Sheet before I paid in full.

2) You use a closing/escrow company to handle the paper work and $$$ - usually the big ebay sellers will insist that you use their affiliated closing company.

3) eBay timeshare auctions are not binding - you can back out with no consequences if you find that the property is not what was advertised.

4) You can ask the closing company/reseller to request a *Resale Info. Sheet from Starwood that will confirm what you are buying. They have to do it - Starwood will not provide it to the buyer.
 

LisaRex

TUG Review Crew
TUG Member
Joined
Mar 10, 2007
Messages
6,792
Reaction score
317
Location
'burbs of Cincinnati, OH
Resorts Owned
Used to own: WKORV-N; SVV - Bella
I think having a lockoff is ideal because it will allow you to separate the 2 sides and potentially get two great II trades. Or, you can use SOs to book within SVN.

Purchase price seems high, though.
 

lordnorth

TUG Member
Joined
Apr 6, 2009
Messages
11
Reaction score
0
My thoughts were that A). We could split the weeks for trades if necessary and B). With the extra points we could take a "regular" 81,000 trip each year and bank the balance, then every third year we could do a trip requiring more points.

I understand that price is determined by what someone will pay for it... but what should something like this go for? I can't find any completed sales on Ebay for either Bella or KeyWest and SellMyTimeShareNow has similar units for between $8000 and 12000. Certainly doesn't mean anyone is buying them, but that is what they are asking.
 

grgs

TUG Review Crew
TUG Member
Joined
Jun 6, 2005
Messages
2,255
Reaction score
168
Location
Oceanside, CA
Resorts Owned
WKV, SDO, WLR, So Cal Beach Club
My thoughts were that A). We could split the weeks for trades if necessary and B). With the extra points we could take a "regular" 81,000 trip each year and bank the balance, then every third year we could do a trip requiring more points.

I understand that price is determined by what someone will pay for it... but what should something like this go for?

What I have from e-bay for the last two years:

2/9/2010 2 bd LO EY Prime 2,912
5/17/2010 2 bd LO EY Prime 2,850
6/17/2010 2 bd LO EY Prime 2,125
7/12/2010 2 bd LO EY Prime 1,875
7/16/2010 2 bd LO EY Prime 2,025
10/2/2010 2 bd LO EY Prime 2,455
10/7/2010 2 bd LO EY Prime 1,025
1/24/2011 2 bd LO EY Prime 1,072
3/9/2011 2 bd LO EY Prime 2,137
3/30/2011 2 bd LO EY Prime 1,175
7/5/2011 2 bd LO EY Prime 810
9/15/2011 2 bd LO EY Prime 4,251
9/20/2011 2 bd LO EY Prime 1,751

I agree that the L/O option is nice to have. It's hard to quantify how much more that's worth.

Glorian
 

scootr5

TUG Review Crew: Veteran
TUG Member
Joined
Jul 16, 2011
Messages
3,612
Reaction score
815
Location
Second City
Resorts Owned
Marriott Grande Vista, Wyndham (points and Avenue Plaza Mardi Gras week)
Do you track these, or how do you get it to display that far back? When I look at completed listings, I only see a couple weeks back.

What I have from e-bay for the last two years:

2/9/2010 2 bd LO EY Prime 2,912
5/17/2010 2 bd LO EY Prime 2,850
6/17/2010 2 bd LO EY Prime 2,125
7/12/2010 2 bd LO EY Prime 1,875
7/16/2010 2 bd LO EY Prime 2,025
10/2/2010 2 bd LO EY Prime 2,455
10/7/2010 2 bd LO EY Prime 1,025
1/24/2011 2 bd LO EY Prime 1,072
3/9/2011 2 bd LO EY Prime 2,137
3/30/2011 2 bd LO EY Prime 1,175
7/5/2011 2 bd LO EY Prime 810
9/15/2011 2 bd LO EY Prime 4,251
9/20/2011 2 bd LO EY Prime 1,751

I agree that the L/O option is nice to have. It's hard to quantify how much more that's worth.

Glorian
 

grgs

TUG Review Crew
TUG Member
Joined
Jun 6, 2005
Messages
2,255
Reaction score
168
Location
Oceanside, CA
Resorts Owned
WKV, SDO, WLR, So Cal Beach Club
Do you track these

Yes. It's a sickness. Although, I'm not quite on top of it like I used to be.

Might as well give you the prices back to Aug. 2007:

8/27/2007 2 bd LO EY Prime 10,434
9/6/2007 2 bd LO EY Prime 12,600
12/3/2007 2 bd LO EY Prime 12,000
2/12/2008 2 bd LO EY Prime 14,300
7/22/2008 2 bd LO EY Prime 9,600
10/23/2008 2 bd LO EY Prime 7,964
4/15/2009 2 bd LO EY Prime 4,162
3/11/2009 2 bd LO EY Prime 5,680
10/6/2009 2 bd LO EY Prime 6,200
11/18/2009 2 bd LO EY Prime 5,047
11/30/2009 2 bd LO EY Prime 4,162
11/30/2009 2 bd LO EY Prime 4,262
12/12/2009 2 bd LO EY Prime 3,650
12/25/2009 2 bd LO EY Prime 3,275
2/9/2010 2 bd LO EY Prime 2,912
5/17/2010 2 bd LO EY Prime 2,850
6/17/2010 2 bd LO EY Prime 2,125
7/12/2010 2 bd LO EY Prime 1,875
7/16/2010 2 bd LO EY Prime 2,025
10/2/2010 2 bd LO EY Prime 2,455
10/7/2010 2 bd LO EY Prime 1,025
1/24/2011 2 bd LO EY Prime 1,072
3/9/2011 2 bd LO EY Prime 2,137
3/30/2011 2 bd LO EY Prime 1,175
7/5/2011 2 bd LO EY Prime 810
9/15/2011 2 bd LO EY Prime 4,251
9/20/2011 2 bd LO EY Prime 1,751
 
Last edited:

lordnorth

TUG Member
Joined
Apr 6, 2009
Messages
11
Reaction score
0
Might as well give you the price back to Aug. 2007:

8/27/2007 2 bd LO EY Prime 10,434
9/6/2007 2 bd LO EY Prime 12,600
12/3/2007 2 bd LO EY Prime 12,000
2/12/2008 2 bd LO EY Prime 14,300
7/22/2008 2 bd LO EY Prime 9,600
10/23/2008 2 bd LO EY Prime 7,964
4/15/2009 2 bd LO EY Prime 4,162
3/11/2009 2 bd LO EY Prime 5,680
10/6/2009 2 bd LO EY Prime 6,200
11/18/2009 2 bd LO EY Prime 5,047
11/30/2009 2 bd LO EY Prime 4,162
11/30/2009 2 bd LO EY Prime 4,262
12/12/2009 2 bd LO EY Prime 3,650
12/25/2009 2 bd LO EY Prime 3,275
2/9/2010 2 bd LO EY Prime 2,912
5/17/2010 2 bd LO EY Prime 2,850
6/17/2010 2 bd LO EY Prime 2,125
7/12/2010 2 bd LO EY Prime 1,875
7/16/2010 2 bd LO EY Prime 2,025
10/2/2010 2 bd LO EY Prime 2,455
10/7/2010 2 bd LO EY Prime 1,025
1/24/2011 2 bd LO EY Prime 1,072
3/9/2011 2 bd LO EY Prime 2,137
3/30/2011 2 bd LO EY Prime 1,175
7/5/2011 2 bd LO EY Prime 810
9/15/2011 2 bd LO EY Prime 4,251
9/20/2011 2 bd LO EY Prime 1,751

Holy Cr.... Prices fell of the edge after 2008, didn't they. Guess it corresponds with the whole Housing Bust/Great Recession thing. Luxury items really are the first to go.
 
Top