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Selling SDO, paid, deposited and traded thru II for 2017 usage, how to proceed?

sui

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I have a 2 bedroom lockoff unit at SDO floating 1-52, I just paid the MF for 2017, locked off and deposited both sides to II. I traded the smaller 1 bedroom for a 2 bedroom Marriott's Grande Vista in early August.

Now that I decide to sell it, can I ask the buyer to start the usage in 2018? How can I enforce that? Will they be able to reverse my deposit and trade in II after they get the title? Am I better off selling after using the traded week in August?
 

Karen G

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Am I better off selling after using the traded week in August?
I can't imagine why anyone would want to buy it if they can't actually use it until 2018.
 

lizap

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Completely agree. Why don't you reassess after you've used the week you've reserved?


I can't imagine why anyone would want to buy it if they can't actually use it until 2018.
 

DeniseM

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+3 To be quite honest with you, depositing the next use year really hurt your chances of giving it away. I would try again at the beginning of 2017, and you should pay the 2017 maintenance fee.
 

JudyS

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...Now that I decide to sell it, can I ask the buyer to start the usage in 2018? How can I enforce that? Will they be able to reverse my deposit and trade in II after they get the title? Am I better off selling after using the traded week in August?
No, the new owner will not be able to get back your week from II. Starwood's resale department keeps track of when the next available week is. Starwood rarely makes mistakes about this, but to make sure, you should request a "Resale Information sheet" from Starwood's resale department. The phone number/email address should be available in one of the "sticky threads" at the top of this forum. The "Resale Information Sheet" should state 2018 as the first year of usage.
 
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Quadmaniac

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I have a 2 bedroom lockoff unit at SDO floating 1-52, I just paid the MF for 2017, locked off and deposited both sides to II. I traded the smaller 1 bedroom for a 2 bedroom Marriott's Grande Vista in early August.

Now that I decide to sell it, can I ask the buyer to start the usage in 2018? How can I enforce that? Will they be able to reverse my deposit and trade in II after they get the title? Am I better off selling after using the traded week in August?

Couple of things come to mind :

1. You traded your SDO 1 br for MGV via II - anyone taking over your SDO has no ability to access your II account. They can not cancel your exchange.

2. If you really want to sell it, I would advertise 2017 usage - that you will book a week for them in 2017 using your larger 1 br back into a 2br SDO which is readily available, explaining that you deposited usage but you are willing to book a unit for them to use in either 2016 or 2017, but their first MF would be 2018 and in 2017 then can deposit or use 2018 SDO as they wish.
 

lizap

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Is SDO worth anything on the resale market?

Couple of things come to mind :

1. You traded your SDO 1 br for MGV via II - anyone taking over your SDO has no ability to access your II account. They can not cancel your exchange.

2. If you really want to sell it, I would advertise 2017 usage - that you will book a week for them in 2017 using your larger 1 br back into a 2br SDO which is readily available, explaining that you deposited usage but you are willing to book a unit for them to use in either 2016 or 2017, but their first MF would be 2018 and in 2017 then can deposit or use 2018 SDO as they wish.
 

sui

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I paid MF for 2016 and 2017. I still have other units in II, just tend to use the studio at every oppotunity.

I'm debating whether to sell it now and offer 2016 and/or 2017 usage through II or just list it in early 2017.

I hate the extra work to trade in II for the buyer, my only concern waiting for 2017 is whether the price will drop too much so that I would not even able to give it away for free?

I've decided to buy a couple more (3 to 6) weeks, so I really need to get rid of the SDO before 2018, as long as I can sell it before 2018, I don't mind waiting.
 

Sugarcubesea

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Just as a point of reference, I bought my SDO 2/2 Lockoff two years ago and I paid $19.00 for it... You are not going to get big bucks for this unit, I just wanted to make you aware that you might need to offer it for the price of free when you do decide to sell...


I paid MF for 2016 and 2017. I still have other units in II, just tend to use the studio at every oppotunity.

I'm debating whether to sell it now and offer 2016 and/or 2017 usage through II or just list it in early 2017.

I hate the extra work to trade in II for the buyer, my only concern waiting for 2017 is whether the price will drop too much so that I would not even able to give it away for free?

I've decided to buy a couple more (3 to 6) weeks, so I really need to get rid of the SDO before 2018, as long as I can sell it before 2018, I don't mind waiting.
 

sui

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Just as a point of reference, I bought my SDO 2/2 Lockoff two years ago and I paid $19.00 for it... You are not going to get big bucks for this unit, I just wanted to make you aware that you might need to offer it for the price of free when you do decide to sell...

I just checked redweek, there are only two 2br annual, one asking for 950, the other asking for 1500, both under contract, so I'll probably try selling it first, I'll consider giving it away for free if I cannot sell it.

Of course, if I do decide to give it for free, I'll offer it here first :) .
 

elleny76

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What it means SDO? ( SVO snd SVN makes sense but SDO?)
 

DeniseM

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