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[Starwood] question regarding buying Timeshares on ebay vs. a rep from the resort

cruzad3r

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i saw some very nice resort over sea, ASIA and Europe and i would like to stay there when i visit the country. obviously i can stay at some hotel but i want to enjoy and "bathe" :) in luxury resort at cheaper price. i figured this is one of the benefits from owning a timeshare. please correct me if i'm wrong. thanks
 

DeniseM

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i saw some very nice resort over sea, ASIA and Europe and i would like to stay there when i visit the country. obviously i can stay at some hotel but i want to enjoy and "bathe" :) in luxury resort at cheaper price. i figured this is one of the benefits from owning a timeshare. please correct me if i'm wrong. thanks

The reason I asked, is that you seemed to have gotten the idea (probably from the sales person) that buying from the developer would give you an advantage for international trading. This is completely false:

1. Starwood has no timeshares in Asia or Europe, so you would have to use Interval or RCI for international trades - you can't use your Staroptions.

2. A resale timeshare has EXACTLY the same trade value as a developer purchase, when you trade it with an outside exchange company like II or RCI.

3. Most people would not use a week purchased from the developer for a trader, because the price is too high to be cost-effective.

4. I would not buy in Florida for an international trader - Florida has more supply than demand, which lowers it's overall trading power.

I'm not sure I'd buy a Starwood timeshare at all, if International trading was my #1 goal - I'd probably consider Marriott instead, because they have a lot of international properties, and you would have the Marriott to Marriott priority for Interval trades.
 
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jarta

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Before you decide to buy anything, please follow this TUG forum long enough to find out what is a possibility (and what is not) with timeshares, StarOptions, Starpoints and II or RCI trading. It would be a shame if you invested a substantial sum of money without understanding all of the terms.

However, you have come to the right place to find out how the whole timeshare system works. ... eom
 

LisaRex

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IMO, the biggest advantage to buying from the developer (or buying a mandatory resort) is the ability to use SVN, which is Starwood's internal exchange system, so that you can most easily exchange into other Starwood resorts. Not being able to use SVN is a huge disadvantage to buying a voluntary resort on the resale market. If you are interesting in exchanging into the top-tier Starwood resorts -- Harborside Resort at Atlantis (HRA), Westin St. John (WSJ), or the ski resorts during ski season -- possibly your only bet is to use SVN, especially during high season. This is why the mandatory resorts hold up their resale value better than voluntary resorts.

However, as DeniseM stated, Starwood doesn't have timeshares in Europe/Asia. So SVN is useless in this regard. In order to exchange internationally, you have to deposit your week with an external exchange system, the two most popular being Interval International (II) and RCI. And then you have to hope/wait for availability to open up at the place you want to exchange to.

I have no experience trying to exchange internationally. However, if you can give us a few names of places that you'd like to exchange to overseas, I'm sure Tuggers would be happy to do a test and see if our weeks "see" that resort in II. That will give you an early indicator as to whether this will be an easy exchange or a difficult exchange.

In II or RCI, ALL owners are treated the same, no matter if you paid $1 on the resale market or $50,000 from the developer. What does matter are: 1) Planning ahead and depositing your week early; 2) Owning a week with a high trading power; and 3) Owning with a company that gives you priority over other II members.

#1 is easy for people who plan ahead; not so easy for people who don't. You can deposit up to one year in advance of your use year. The earlier you deposit, the better.

#2 is key. High trading power is essential if you want to snare the best exchanges.

#3 This is a perk of owning with one company over another. Let's say Starwood deposits 20 weeks at Westin Ka'anapali (WKORV) into II. In theory, any II member who owned a timeshare above a certain trading power would be able to see it. However, both Starwood and Marriott have a built-in advantage for their owners only in II. IIRC, Starwood's is 3 days and Marriott's is 20 days. Only when the priority has expired will other members even be able to see those weeks. So most of those 20 WKORV weeks are going to be grabbed up by Starwood owners before they ever make it to the general II population. Marriott owners are at a major disadvantage for getting Starwood weeks... and vice-versa.

Since Starwood doesn't have any international timeshares, you will get no advantage for international trades. However, Marriott does have a few international resorts. So if a resort such as Marriott Marbella (in Spain) or Marriott Phuket (Thailand) intrigues you, then you should really look more closely at the Marriott system.
 
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DeniseM

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Just one addition to Lisa's comments - under the new II rules, the Starwood to Starwood Priority is 30 days, but it's inconsistently implemented.
 

Passepartout

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I think the OP has over imbibed on Starwood's Kool-Aid. He needs to rent a nice timeshare or 2- maybe HGVC or Marriott to get the Kool-Aid out of his system.

With all due respect, as nice as Starwood resorts are, they ain't the only game in town- especially if one wants to use a TS internationally.

Jim
 

cruzad3r

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my fellow tuggers :)

is it true that when you buy from a Starwood Developer that you can't negotiate the price, closing cost, and maintenance fee?

is it true that whatever price bracket they have is what they can offer and nothing more including all the incentive starpoints, etc...?
 

tschwa2

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I think there may be a little wiggle room on the starpoint incentives but that's about it.
 

DeniseM

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my fellow tuggers :)

is it true that when you buy from a Starwood Developer that you can't negotiate the price, closing cost, and maintenance fee?

True

is it true that whatever price bracket they have is what they can offer and nothing more including all the incentive starpoints, etc...?

Incentives may vary, but not the price, closing cost, or maintenance fees.

You should rescind anyway..... ;)
 

pathways25

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True



Incentives may vary, but not the price, closing cost, or maintenance fees.

You should rescind anyway..... ;)

I believe MF's can be negotiated, in so far as they will discuss rebates. The actual MF's are set by the BOD and are the same for all units of the same type at the resort, but I have been offered incentives like 1/2 MF's paid for 2 years, etc. I believe it's negotiable because I was originally offered 1 year of 1/2 MF's and they increased it to 2 years when I wasn't sold.

My recollection is that only price and closing costs are absolutely not negotiable. They will negotiate on bonus SP's and SO's and MF rebates.
 

DeniseM

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That's an incentive - not a change in the MF.

Although I have never heard of anyone getting a rebate on MF's, so that's interesting.
 
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cruzad3r

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True



Incentives may vary, but not the price, closing cost, or maintenance fees.

You should rescind anyway..... ;)

Can't rescind what I don't have/own :D

I am actively looking at resale now so if any tugers have anything you want to unload, let me know. Or if you have any suggestion on where to buy beside eBay and red week, let me know as well.

On that note, is there any collective thread that talks about resale so i can read up on, please post link if you know any. Once again, forums rules:cheer:
 

DeniseM

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Are you saying you rescinded? :clap: :clap: :clap:

BEFORE you buy again - you need to be perfectly clear on your goals -

Are you buying a II trader, a Staroption exchanger, or a home resort to use most of the time?

eBay has the lowest prices and it is perfectly safe.

When you buy a timeshare on ebay:

1) You don't pay immediately as you do with other auctions.

2) You use a closing/escrow company to handle the paper work and $$$.

3) The auction is not binding - you can back out with no consequences if you find that the property is not what was advertised.

4) You can ask the closing company/reseller to request a Resale Info. Sheet from Starwood that will confirm what you are buying.
 
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DeniseM

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Per his OP, he never bought. He was considering it.

Oh good! He also went to a sales pitch, so I was unclear on that point! Glad to know all his options are still open!
 

cruzad3r

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options are still open and i believe i just got an offer of the lifetime from another tugger. AWESOME!
 

DeniseM

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options are still open and i believe i just got an offer of the lifetime from another tugger. AWESOME!

I HIGHLY recommend that you post it here before you make the decision.

1. EXACTLY what are you acquiring?

2. What are you GOALS with this week?

a) Home resort most of the time
b) II or RCI trader most of the time
c) Staroptions trader most of the time
 

cruzad3r

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so i didn't know that people give away timeshares and take care of all fees associated with it. this seems to come from a reliable tugger and the location is close to where i live which i can drive to. it's a starwood in myrtle beach.

i think this will fit option a listed by you Denise. Since it's free, i can't be asking for too much. the MF is low and considerable for the next several years. i was told i can use this week to trade in II as well but i will do more research before i try such option.

all and all, i've talked to the owner and he seems like a legit and nice guy. He also lives close to my neck of wood so you know you can trust each other.

This introduces a new question, is there really a free lunch in this world? :)
 

DeniseM

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This introduces a new question, is there really a free lunch in this world? :)

NOPE! You will be sigining on to pay escalating maintanance fees until heck freezes over! :D But that doesn't mean it's a bad deal - it's just not "really" free.

Sheraton Broadway Plantation
Original Phase
SBP Phase One:
Deluxe 1-Bdm. $428.26
1-Bdm. $547.98
Premium 1-Bdm. $779.61
2 Bdm. - $965.28
2 Bdm. L/O - $1,207.87
Palmetto
EOY Dedicated 2 Bedroom - $337.36
2 bedroom - $634

YES - it will have the Starwood to Starwood Priority in II.
 

C30NY

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Cruzader actually took the 2BR SBP I had. After a pretty nice conversation with him on the phone, it seems like it would be a good fit for him and also trading it within II. He planned to go to SBP so it may work two fold...as his home resort and a trader in II. Since I acquired it for free with the giver paying closing / transfer fees, I provided the same courtesy. Karma can go a long way if no one breaks the chain!
 

DeniseM

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Cruzader actually took the 2BR SBP I had. After a pretty nice conversation with him on the phone, it seems like it would be a good fit for him and also trading it within II. He planned to go to SBP so it may work two fold...as his home resort and a trader in II. Since I acquired it for free with the giver paying closing / transfer fees, I provided the same courtesy. Karma can go a long way if no one breaks the chain!

This is during the highest season at the resort - correct?

Dedicated 2 bdm. or 2 bdm. lock-off?

Original or Palmetto?
 

cruzad3r

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no this is just a dedicated 2 bedrooms during i believe GOld season (week 8 on the deed) i think it's original based on the MF. i think it's also a floater (sounds so weird) so i think i can book it during those floating weeks.

Yes, Jase sounds like a great man so i'm happy that i joined this board.

Btw, why are there so many free timeshares, and if the MF are low enough, i seriously considering taking up the offers :D
 
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C30NY

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Yes, it is Gold. Plantation does not have Platinum, they have a Gold Plus (9-43, 47)

Palmetto has the Full Silver - Platinum.
 

DeniseM

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Btw, why are there so many free timeshares?

Economy
Death
Divorce
Loss of job
Illness
Old age
Loss of interest
Impulse purchase
Unwanted inheritance
People who never learned how to us their timeshare in the first place

A timeshare is a luxury purchase - when the economy goes bad, the luxuries go first.

and if the MF are low enough, i seriously considering taking up the offers :D

As far as buying more - I STRONGLY encourage you to try this one week for a year, first.

Remember it's easy to get a timeshare, and difficult to get rid of one!

AND - since you are interested in international travel - your next step should be to research Marriott - I'd start by reading the Marriott Forum - starting with the stickies at the top of that forum.
 
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