Sheraton/VSE Flex Resale prices

[PaddyMac]

Just wondered if these are real resale prices or these people are out to lunch on what they purchased?

http://www.sellmytimesharenow.com/timeshare/Sheraton+Flex+Vacation+Plan/resort/
$18-$30k

https://www.baytreesolutions.com/resorts/822-Sheraton-Flex-Vacations
$15-$30k

As flex is voluntary , I never expected resale prices to be anywhere near this high. Maybe if Poipu gets added, I can see real value in flex ownership, maybe.

Have any deeded owners thought about buying resale flex when it becomes available? I realize the value is not worth it at this point, especially with MF fees. But there will come a day, years or decades from now where the flex reservation pool will be much larger than the deeded pool. At that point, if, and only if you want flexibility in using the SVN it would make sense to buy flex resale, I assume.

Food for thought. Of course maybe with ILG the whole program becomes moot in the next years with different products. I feel these types of endless debate topics thrive here at tugg.

Cheers.
Patrick

 

[DavidnRobin]

Out to Lunch...

 

[dioxide45]

These are private listings where the seller is setting the price. They won't sell these at these prices. There have been a couple on Ebay that didn't go anywhere close. Here is a thread from May where an Ebay listing was discussed. 95,700 Home Options didn't sell for $7,500.

The problem with the current structure is that the properties listed are perhaps some of the least desirable in the Vistana system. Perhaps if they add Poipu, but even then, WKORV will be the one people want when they go to Hawaii. Perhaps Poipu would be second runner up ahead of Princeville.

I find the whole product offering from Vistana to be disjointed now. Instead of creating one harmonized product like Marriott, they have legacy weeks at all the resorts, then the newest ones to come online at WSJ and Nanea are offering HomeOptions. However, at Nanea, they are selling two different kinds of HomeOptions, Ocean Front and Resort View. They need to bring their product offerings in to sync. IMO, they should continue with the Sheraton Flex product and then begin selling Westin Flex.

 

[TUGBrian]

Its been reported numerous times that folks who go to upfront fee companies are told some pretty outrageous tales when it comes to resale "pricing".

its nearly impossible to convince someone to pay you hundreds or thousands of dollars if you tell them the truth about what their timeshare is really worth on the resale market.

 

[PaddyMac]

Just out of curiosity, why will Poipu be less desirable than WKORV?

 

[DavidnRobin]

Just out of curiosity, why will Poipu be less desirable than WKORV?

While Poipu is nice - it is Sheraton and not Westin, and reported across street from beach.
Also, WKORV has a great beach location and one of top snorkeling reefs on Maui.

 

[PaddyMac]

Ah, ok. That makes sense. Thanks.

 

[DavidnRobin]

and... in general, people prefer Maui over Kauai

 

[dioxide45]

and... in general, people prefer Maui over Kauai

Yes, same reason people prefer WKORV over WPORV.

 

[vacationtime1]

Just out of curiosity, why will Poipu be less desirable than WKORV?

The initial phase of Poipu will be converted hotel rooms, not purpose built timeshares.

imo, it will suffer by comparison with Marriott's Waiohai (a quarter mile up the beach) and with Westin's Princeville (across the island), both of which were built as high-end timeshares.

 

[Helios]

These are private listings where the seller is setting the price. They won't sell these at these prices. There have been a couple on Ebay that didn't go anywhere close. Here is a thread from May where an Ebay listing was discussed. 95,700 Home Options didn't sell for $7,500.

The problem with the current structure is that the properties listed are perhaps some of the least desirable in the Vistana system. Perhaps if they add Poipu, but even then, WKORV will be the one people want when they go to Hawaii. Perhaps Poipu would be second runner up ahead of Princeville.

I find the whole product offering from Vistana to be disjointed now. Instead of creating one harmonized product like Marriott, they have legacy weeks at all the resorts, then the newest ones to come online at WSJ and Nanea are offering HomeOptions. However, at Nanea, they are selling two different kinds of HomeOptions, Ocean Front and Resort View. They need to bring their product offerings in to sync. IMO, they should continue with the Sheraton Flex product and then begin selling Westin Flex.

I think they should learn from the Marriott System. But, they would need to get considerable inventory at all properties so it could work...

 

[dioxide45]

I think they should learn from the Marriott System. But, they would need to get considerable inventory at all properties so it could work...

Marriott didn't start out with a lot of inventory either. Only about a dozen resorts. They were able to fill it in quickly though through buybacks, ROFR and foreclosures. Vistana could make it work fairly well. They could sell what are Nanea and WSJ StarOptions at all properties. I think the issue that Vistana faces is that they don't have ROFR at many of their properties where Marriott has it at most.

 

[cubigbird]

There is an eBay listing right now for 81,000 Sheraton Flex Options currently listed at $1 with no bids.

http://www.ebay.com/itm/SHERATON-FLEX-VACATION-MYRTLE-BEACH-SC-81-000-POINTS-PER-YEAR-/252672156216?hash=item3ad46f2238:g:lgUAAOSw6DtYSED9

The MF are what I would expect for a week in a Platinum Plus season at WKV or WLR or WDW....

 

[RichardL]

Flex week suffers due to limited selection. But I give Sheraton credit for trying to offer their owners a choice. But as a buyer I would choose only a full mandatory resort simply because they are available at approx the same price and I have no
interest in Florida