• 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!

Resale Vistana Strategy

SpygirlE

TUG Member
Joined
Jun 30, 2015
Messages
122
Reaction score
96
Points
138
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
 
Last edited:

Mcjohan

TUG Member
Joined
Apr 27, 2019
Messages
74
Reaction score
93
Points
129
Location
SF Bay Area, California
Resorts Owned
WKORVN/OF, WLR
You might want to ask this in the Vistana/Sheraton/Westin forum. A number of owners have done similar transactions (or decided against it). You might get more feedback there.
 

byeloe

TUG Member
Joined
Jun 10, 2005
Messages
1,068
Reaction score
373
Points
444
Location
Ontario
What are your total MF now and what will they be after?
 

needvaca

TUG Member
Joined
Apr 18, 2017
Messages
734
Reaction score
818
Points
203
Resorts Owned
MGO, WKV, SVV Bella
I wouldn't consider buying anything now- not developer or resale. I have a feeling in a year from now, you'll be able to buy good mandatory platinum contracts for half of what they're being sold for now, and probably be able to pick up ones on Ebay for free.
 

pchung6

TUG Member
Joined
Mar 16, 2015
Messages
1,126
Reaction score
576
Points
223
Location
Carlsbad, CA
Resorts Owned
WKORVN-OF, SVVx3, SBP, MKO-OV, MWR
just wait. i'm also waiting for an opportunity to buy Platinum WKV by the end of year. People will need cash and liquidate if you are smart, just hold your cash now.
 

CPNY

TUG Member
Joined
Jun 18, 2019
Messages
7,601
Reaction score
4,460
Points
349
Resorts Owned
Harborside Resort at Atlantis
SVV - Key West/Bella
WKV
Regal Vista at Massanutten
I wouldn't consider buying anything now- not developer or resale. I have a feeling in a year from now, you'll be able to buy good mandatory platinum contracts for half of what they're being sold for now, and probably be able to pick up ones on Ebay for free.
Luckily I sold everything I needed to sell. I’m actually all set with vistana for now. Picked up a cheap RCI unit for a few hundred with the highest point value in the system. Hopefully I don’t get screwed here.
 

SteelerGal

TUG Member
Joined
Mar 8, 2019
Messages
1,758
Reaction score
835
Points
224
Resorts Owned
WKV, SDO, HPP, Bay Club
I would hold off and look into deedback for the Silver season. Last year I was able to pick up EOY for under $100 w/ closing paid for. Unfortunately CV-19 is going to cause havoc.
 
Top