- Joined
- Mar 27, 2008
- Messages
- 2,205
- Reaction score
- 2,612
- Location
- California
- Resorts Owned
- Hyatt Highlands Inn, Hyatt Pinon Pointe
Hello all TUGgers,
I would like to ask your advice and thoughts on a possible purchase I am considering. I have been watching a WMH Platinum 1 BR week for the past couple of months. The seller (whose reviews on eBay seem to be very positive) has had a reserve on the week but after four failed attempts, I think he is willing to negotiate a private sale to me.
I think I can purchase the week for $5,000 or less. In many posts recently, the consensus seems to be to wait until after the New Year because you think the new MF invoices coupled with a worsening economy will prompt a lot of new sales activity (and I agree).
Since I live in Northern California, I would intend to use the WMH week every year. I also own WPORV and intend to use it quite often (maybe every 2 of 3 years). I understand that neither of these properties is mandatory, but since I plan to use them and not sell them, I should be in good shape with a WMH purchase, correct?
Here are my questions to you: 1) do you think the $5,000 price is a good one for WMH or should I wait for next year and be more opportunistic? 2) I know MF's at the two resorts I would own are quite high, but they are also in locations I really enjoy and have relatively easy access to (especially WMH) 3) with Desert Willow opening sometime next year, do you anticipate WMH losing appeal--both as an internal trader within the SVO network and through II if I ever wanted to go that route?
I really appreciate your advice and thank you in advance for any help you can offer.
I would like to ask your advice and thoughts on a possible purchase I am considering. I have been watching a WMH Platinum 1 BR week for the past couple of months. The seller (whose reviews on eBay seem to be very positive) has had a reserve on the week but after four failed attempts, I think he is willing to negotiate a private sale to me.
I think I can purchase the week for $5,000 or less. In many posts recently, the consensus seems to be to wait until after the New Year because you think the new MF invoices coupled with a worsening economy will prompt a lot of new sales activity (and I agree).
Since I live in Northern California, I would intend to use the WMH week every year. I also own WPORV and intend to use it quite often (maybe every 2 of 3 years). I understand that neither of these properties is mandatory, but since I plan to use them and not sell them, I should be in good shape with a WMH purchase, correct?
Here are my questions to you: 1) do you think the $5,000 price is a good one for WMH or should I wait for next year and be more opportunistic? 2) I know MF's at the two resorts I would own are quite high, but they are also in locations I really enjoy and have relatively easy access to (especially WMH) 3) with Desert Willow opening sometime next year, do you anticipate WMH losing appeal--both as an internal trader within the SVO network and through II if I ever wanted to go that route?
I really appreciate your advice and thank you in advance for any help you can offer.