Resale Vistana purchases just closed - was able to bank options after deadline

[Eric B]

I just picked up an SVV Bella Platinum week and two WSJ Platinum Plus weeks in the last couple of months. The SVV one closed on June 3rd and the transfer was completed with Vistana on June 29th, so I was able to bank the remaining options before the deadline (resale only owner). The WSJ ones closed June 11th and didn't transfer with Vistana until July 7th, though, plus they marked them as non-VSN despite them being Virgin Grand weeks. I was able to get that fixed with a call to Vistana and they let me bank the options for those weeks as well, making an exception for me for it being beyond the deadline due to the circumstances. It's worth asking if anyone else is in a similar situation. I wound up paying twice for the banking transactions, but am quite happy with the outcome.

 

[jjking42]

What is the current MF for standard two bedroom SVV I see ads with MF all over the place. I know the two bedroom standard and two bedroom lock off can both be 81k star options and the lock off has higher MF. Most sellers / brokers can’t or won’t answer the question if it’s an 81k gold lock off or an 81k plat standard.


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[CPNY]

What is the current MF for standard two bedroom SVV I see ads with MF all over the place. I know the two bedroom standard and two bedroom lock off can both be 81k star options and the lock off has higher MF. Most sellers / brokers can’t or won’t answer the question if it’s an 81k gold lock off or an 81k plat standard.


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You have to look at the week it’s deeded. Bella has different platinum weeks. My projected fees for next year for the lockout is 1750 and the standard 1250 (both platinum weeks)

 

[jjking42]

Is that excluding the vistana fee ?


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[jjking42]

Is that excluding the vistana fee ?


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[echino]

SVV Bella 2br non-lockoff 2020 fees, not including VSN fee:

Maintenance Fee(s)	1,117.37
Tax - If Applicable	154.05

 

[Eric B]

There's a sticky thread on MFs for Vistana at:

OFFICIAL Vistana *2020* Maintenance Fees Thread

This thread is for Vistana maintenance fees discussions. I will also request that the database be extended into 2020, and will post here when it is. Link to the Vistana Database: http://www.eternaltides.com/SVN/SVNHome.aspx A big thank you to Nico, for maintaining this database for us!

tugbbs.com

It includes a link to a database with historical MFs:

Starwood Vacation Network MF Database

I've updated the database with the MFs for my 2 BR non-lockoff SVV Bella and my 1 BR WSJ VGV for 2020. The Bella MF matches that posted by @echino above. I also populated the 2019 and 2018 MFs since they're listed through the Vistana website.

 

[jmhpsu93]

The 2 BR platinum lockoff gives you 95,700 SOs. Our MF (not including VSN fee) was about $1500 even last year.

 

[Yellowfin]

The non lock off is a better value

 

[jmhpsu93]

The non lock off is a better value

For SO purposes 100% agree. If you're looking to trade in II, that changes things as you get two 1 BR units with the lockoff.

 

[Eric B]

I picked up the non-lockoff 2 BR for SO purposes. Haven't tried trading anything from Vistana in II yet and I'm not sure I will because I've had good results using a 4 BR LO CWQ as a trader there for a lower MF. With that, I start out with two 2 BR weeks for about half the MF o an SVV 2 BR LO used as two 1 BR weeks. I probably miss a bit on potential exchanges without the preference, but I'm okay with that. I might change my mind after poking around a bit to see what the difference winds up being.

 

[CPNY]

The non lock off is a better value

It’s actually not. The ratio of MF to SO is higher with the lockout. So you’re paying an additional 400 dollars for 14,700 more star options. Would you pay an annual maint fee of 400 for a unit that only gives you 14,700 star options? Probably not. If more interval trading is your goal along with star options there are better solutions in the vistana system.

 

[Eric B]

The non lock off is a better value

It’s actually not. The ratio of MF to SO is higher with the lockout. So you’re paying an additional 400 dollars for 14,700 more star options. Would you pay an annual maint fee of 400 for a unit that only gives you 14,700 star options? Probably not. If more interval trading is your goal along with star options there are better solutions in the vistana system.

Now I'm getting a bit confused. For my 2 BR, I'm paying MF+taxes of $1271.42 and getting 81,000 SOs, so my cost is $0.0157 per SO. I don't know what the actual MF+taxes is for the 2 BR LO for SVV Bella; SVV Key West is listed as $1573.64 in the 2020 MF sticky by @CPNY and an SVV Bella 2 BR LO EOY is listed as $944 including SVN fees, which I believe would mean it's ~$789 per year or ~$1578 for the two years. Using $1575 as a rough guess, for 95,700 SOs, my estimate of the cost would be $0.0165 per SO. That does make me believe that the cost per SO is better for the non-lockoff 2 BR Platinum at SVV Bella; the marginal cost going from non-lockoff to lockout would be ~$300, which gives a marginal cost of about $0.02 per SO for the extra 14,700. That makes me think that the non-lockoff is a better value than the lockoff, particularly when looking at using the SOs in the Vistana system. It seems to me that there are less expensive MF Vistana resorts that aren't mandatory that could be better options for trading in Interval - that also saves the VSN membership cost, which I'm disregarding in this analysis. Am I missing something?

 

[CPNY]

Now I'm getting a bit confused. For my 2 BR, I'm paying MF+taxes of $1271.42 and getting 81,000 SOs, so my cost is $0.0157 per SO. I don't know what the actual MF+taxes is for the 2 BR LO for SVV Bella; SVV Key West is listed as $1573.64 in the 2020 MF sticky by @CPNY and an SVV Bella 2 BR LO EOY is listed as $944 including SVN fees, which I believe would mean it's ~$789 per year or ~$1578 for the two years. Using $1575 as a rough guess, for 95,700 SOs, my estimate of the cost would be $0.0165 per SO. That does make me believe that the cost per SO is better for the non-lockoff 2 BR Platinum at SVV Bella; the marginal cost going from non-lockoff to lockout would be ~$300, which gives a marginal cost of about $0.02 per SO for the extra 14,700. That makes me think that the non-lockoff is a better value than the lockoff, particularly when looking at using the SOs in the Vistana system. It seems to me that there are less expensive MF Vistana resorts that aren't mandatory that could be better options for trading in Interval - that also saves the VSN membership cost, which I'm disregarding in this analysis. Am I missing something?

Nope, that’s about right. It’s why people love SDO resales as “strong little traders”. 2 one bedroom 44K SO combined are even better.... same MF as the 2 bedroom but you can trade one in interval and use the other for SO or exchange both etc.

 

[Pathways]

Now I'm getting a bit confused. For my 2 BR, I'm paying MF+taxes of $1271.42 and getting 81,000 SOs, so my cost is $0.0157 per SO. I don't know what the actual MF+taxes is for the 2 BR LO for SVV Bella; SVV Key West is listed as $1573.64 in the 2020 MF sticky by @CPNY and an SVV Bella 2 BR LO EOY is listed as $944 including SVN fees, which I believe would mean it's ~$789 per year or ~$1578 for the two years. Using $1575 as a rough guess, for 95,700 SOs, my estimate..............

So just to clear this up, Yellowfin is correct, the non-lockoff is a better SO value, but marginally........