SpygirlE
TUG Member
- Joined
- Jun 30, 2015
- Messages
- 34
- Reaction score
- 26
- Points
- 128
- Resorts Owned
- Westin Kierland Villa, DVC
Hi everyone,
I have a question about resale strategy and bringing an existing resale into the system by purchasing a new contract. This group has such great knowledge that I’m hoping to get some opinion
I currently own two annual deeds at WKV both bought on the resale market for very little money. First is a 1 bedroom villa gold season (37,000 SO); 2nd is a 2 bedroom lock-off villa silver season (56,300 SO). At the owners / sales meeting we went to in early March during our visit at WKV, we learned that our units are no longer upgradeable, which is fine as we weren’t interested in switching out our units to a Flex program for $15K. But, we were presented with a strategy option which I’m curious what the Tug community thinks of. Here it goes: purchase an inexpensive voluntary annual 2 bedroom platinum plus unit on the resale market, bring it into the Vistana system (SVN I think it’s called) by purchasing from the smallest Flex package (44,000 SO EOY for $10K), get rid of my silver season 2 bedroom lock-off at WKV, and keep my 1 bedroom gold season at WKV as-is. I was told this strategy would then allow me to use my voluntary resort as if I’d purchased it from the developer. Here’s the math: purchase 2 bedroom annual lock-off platinum plus season at Westin Desert Willow villas in Palm Desert for $2K (148,100 SO) + purchase EOY Flex for about $10K (44,000 SO) + existing annual gold season WKV 1 bedroom villa (37,000 SO). We’d also become 3* elite members (for whatever that’s worth).
Thanks in advance for your thoughts!
Eleni
I have a question about resale strategy and bringing an existing resale into the system by purchasing a new contract. This group has such great knowledge that I’m hoping to get some opinion
I currently own two annual deeds at WKV both bought on the resale market for very little money. First is a 1 bedroom villa gold season (37,000 SO); 2nd is a 2 bedroom lock-off villa silver season (56,300 SO). At the owners / sales meeting we went to in early March during our visit at WKV, we learned that our units are no longer upgradeable, which is fine as we weren’t interested in switching out our units to a Flex program for $15K. But, we were presented with a strategy option which I’m curious what the Tug community thinks of. Here it goes: purchase an inexpensive voluntary annual 2 bedroom platinum plus unit on the resale market, bring it into the Vistana system (SVN I think it’s called) by purchasing from the smallest Flex package (44,000 SO EOY for $10K), get rid of my silver season 2 bedroom lock-off at WKV, and keep my 1 bedroom gold season at WKV as-is. I was told this strategy would then allow me to use my voluntary resort as if I’d purchased it from the developer. Here’s the math: purchase 2 bedroom annual lock-off platinum plus season at Westin Desert Willow villas in Palm Desert for $2K (148,100 SO) + purchase EOY Flex for about $10K (44,000 SO) + existing annual gold season WKV 1 bedroom villa (37,000 SO). We’d also become 3* elite members (for whatever that’s worth).
Thanks in advance for your thoughts!
Eleni
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