DavidnRobin
TUG Member
- Joined
- Dec 20, 2005
- Messages
- 11,813
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- Location
- San Francisco Bay Area
- Resorts Owned
-
WKORV OFD (Maui)
WPORV (Kauai)
WSJ-VGV (St. John)
WKV (Scottsdale)
There is another way, one that we just did. First, what I am about to tell you we considered a luxury decision. Second, since we did this just to get to 5*, SVO may have treated us differently since we were 4* to begin with. We needed (wanted) 123850 Options to get there. In looking at the "duke" model he got 121000 and that would have left us short (see his sticky).
We called SVO and the alternative was buy 3br VV for 38K -139000 Options(not going to happen), then I mentioned "resale".
It turns out SVO does sell resale (you have to ask), focusing mostly on Vistana Resort. After several calls and e-mails we were told we could buy 2 VR Cascades resale and they would let us requalify them and we could use them as any other options, convert them (yes I know...), and have them count toward 5*.
We bought two 2br VR Cascades for 8.5 each- worth 67100/ea or 134200 total options. With closing 18K. They faxed me the contract details and for 599 each requalified and we are now 5* and platinum. The customer service was excellent. On the phone they did all the computer work. Same day we had our 5* in the system and platinum on the SPG site, very cool. The MF's were already paid for in 2007 so we have the options to use this year (probably weekends at MH's).
I am willing to give anyone the sales reps name as her service was great, and it played out just as she said it would. This whole process took about 4 weeks. You can buy the resort cheaper, but we did not have to buy reasle independently and then buy a new developer unit and then requal. The only downside is the MF's will be a little higher that we would have liked, but overall it met our needs.
I do not know if they will do this for just anyone, but it worked for us. One last note, the gentleman at SVO owner services told me he regularly reads this site (thanks for your help) and spends a fair amount of time talking to folks that do not understand the process. Hope this helps.
Interesting - it can be confusing - I knew that SVO sold resale - and explored this route for information purposes (along with a few others) - but it comes down to (at this part of our lives/careers) that we only have 3 weeks of vacation, but maybe in 10 years or so (sooner hopefully).
You said you were 4* already - does this mean you bought 359K SOs from SVO? A Direct Salesman said to us if we came up short SO-wise by a 1000 or so that he could get us there (this had to do with buying pre-construction Desert Willow).
I did read the requal posts and duke's experience - but still have an open question of how he requaled 2 weeks with a single week (if I had done my math correctly
Anyway - someday maybe - when we have more vacation time - in the meantime (WKV-WSJ-WKORVx2... repeat) We love our SVO TSs so far - WKV in 9 days! Hopefully we won't get too poor of a villa location - it was only reserved in November during the purchase.