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Resale Vistana Strategy

SpygirlE

TUG Member
Joined
Jun 30, 2015
Messages
113
Reaction score
95
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
79
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
1,063
Reaction score
370
Points
444
Location
Ontario
What are your total MF now and what will they be after?
 

needvaca

TUG Member
Joined
Apr 18, 2017
Messages
731
Reaction score
815
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
1,121
Reaction score
571
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
7,508
Reaction score
4,393
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.
 
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