Westin Ka'anapali Ocean Resort Villas - Resale/Buyback?

[Probity]

New forum member and a novice on current timeshare values (although have owned a couple of bi-annual - 1 even year, 1 odd year - island view timeshares at Westin Ka’anapali Ocean Resort Villas for a number of years). Wife had a bad stroke a year ago so looking to unload them. Talked a little with Syed of Advantage Vacations, got some general current market value guidance, but notice on his website and on Red Week that what people are asking $-wise varies greatly even within Island View type properties.

I called Vistana Exit program today (only 15 minute wait time), below is what they are quoting me:

For those of you more knowledgeable on WKORV resale values, is Vistana’s offer in the horrible – low side – average – good price range?

Oh, and they did mention if I wanted to action their by-back offer it would take in the 3-4 month range to finalize.

 

[tschwa2]

I don't know if there is a particularly vigorous resale for island view and even less for EOY island view. I would think that for a guaranteed out in 3-4 months the offer seems average to good. On the other hand sind you basically have 12 months before MF's are due again you don;t have to be in quite so much hurry and could list it for more for 4-6 months and see if you get any bites.

 

[1Kflyerguy]

I guess i would compare what a broker like Syed suggested back to Vistana's offer. I suspect Syed was suggesting much more, but then you will obviously have to pay the broker fee for the sale. The Vistana trade-in is probably faster and less effort, so i think it comes down to how anxious you are to be done with the Maui units. Some people will want the most money back, and others will value speed and closing out on this chapter of their life.

 

[controller1]

You may get more informed responses by posting in the Vistana/Westin/Sheraton forum - Vistana / Sheraton / Westin Timeshares

 

[Bill4728]

Since WKORV is a mandatory TS, I'd guess that you could do a lot better $2600.00 ( maybe twice as much)

but I don't follow the prices at WKORV that much

 

[echino]

Note that's deluxe, so fees are much higher than regular units, and resale price is accordingly lower.

 

[serendip7]

I think that’s a horrible buyback value. You essentially have an annual 2br. If you go on redweek, you’ll see they go for around $10k. from a different perspective, you can rent the 2br island annually for $3600 pretty easily. Assuming your mf are $2600 ($1300 each), someone buying them for $10k is making 10% every year just renting them out.