I believe most Westin deeds just have a $25 transfer fee payable to Vistana. You will have the usual closing costs, escrow and recording fees but I wouldn't call those junk fees. I think Lagunamar transfers may be more expensive due to the nature of the transfer and how it is set up. St John and also Harborside can be prohibitively expensive for closing costs.
if Redweek has one of the Westin types you are considering call or email them and ask what fees are involved for the buyer.If I buy a Westin Resale, what type of junk fees am I looking at? I know many have transfer and activation fees.
Kierland has a much lower maintenance fee to StarOption ratio.I know I want to buy at a mandatory resort. What is the downside at buying at Vistana Villages Bella/Key West compared to Kierland. They seem to be less expensive and have lower MFs. I'm thinking I would use it primarily in Scottsdale and Hawaii. It would be unlikely to use it at the home resort. I think I recall the Home Resort booking being 12 months at the Staroptions being 8 or 9 months. With the Staroptions is there still availability? Any other downsides?
Kierland will hold it's value better and it can potentially rent for 2x MF if neededI know I want to buy at a mandatory resort. What is the downside at buying at Vistana Villages Bella/Key West compared to Kierland. They seem to be less expensive and have lower MFs. I'm thinking I would use it primarily in Scottsdale and Hawaii. It would be unlikely to use it at the home resort. I think I recall the Home Resort booking being 12 months at the Staroptions being 8 or 9 months. With the Staroptions is there still availability? Any other downsides?
I was thinking about 81,000. When we go to Hawaii we don’t stay put for a week we hop around. At 8months out can you book 3-5 night stays?A 2 bdrm Villages is only 81k or 97500 (lockoff) SOs. A 2 bdrm at Kierland is 148,000 SOs.
You won't get 2 bdrms in Hawaii unless you combine multiple years or deeds which drives up your cost per week. At $1600 to $1900 / week x2 you might as well buy Hawaii.
In addition, with hurricane insurance and government reserve mandates your MFs will increase faster. JMHO, I wouldn't buy any real estate in Florida right now.
Kierland has a much lower maintenance fee to StarOption ratio.
Kierland comes with Staroptions. Are you thinking Flex?Kierland has a much lower maintenance fee to StarOption ratio.
No, not sure why you are thinking that based on my post. I am saying the maintenance fees per staroption are lower at Kierland than it is at Vistana Villages.Kierland comes with Staroptions. Are you thinking Flex?
Ah, I misread your post.No, not sure why you are thinking that based on my post. I am saying the maintenance fees per staroption are lower at Kierland than it is at Vistana Villages.
That is absolutely true, and I am glad you pointed that out. Kierland is great for SO MF's per dollar. I haven't taken that plunge yet, but never seeing the inventory at 8 months, not sure how I would make those work for us. It's an unknown.We own Hawaii OF and WKV 2 bdrms. We use the WKV to add room for family. We save $1000/week over owning IV or OV in Hawaii. We also like the lockoff capability to get another week somewhere else if we only need a 1 bdrm or studio. Not going to get lockoff flexibility with 81k Villages.
I know I want to buy at a mandatory resort. What is the downside at buying at Vistana Villages Bella/Key West compared to Kierland. They seem to be less expensive and have lower MFs. I'm thinking I would use it primarily in Scottsdale and Hawaii. It would be unlikely to use it at the home resort. I think I recall the Home Resort booking being 12 months at the Staroptions being 8 or 9 months. With the Staroptions is there still availability? Any other downsides?
I was thinking about 81,000. When we go to Hawaii we don’t stay put for a week we hop around. At 8months out can you book 3-5 night stays?
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Yes, you can start any day and book what is availableI was thinking about 81,000. When we go to Hawaii we don’t stay put for a week we hop around. At 8months out can you book 3-5 night stays?
Agree. Resale value is also a consideration.There are more considerations than just purchase price and SO/MF.
As mentioned, buy where you want to go.
The ability to resell your ownership if needed.
Also, the ability to rent. We recouped our original WKV P+ purchase prices by renting out over the years.
Value in Abound if bought resale prior to August 2022, or plan to requal.
WKV P+ converts to <50 cents per MVC Club Point when electing Abound.
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Lots of competition for rentals this year with almost 1500 listed on Redweek at WKORV/WKORVN including 150+ for the 4th of July week alone. I'd sell ours but after fees the WNORVN 2BR IV are now worth less than a year's MFs so trying to find a way of spending the Abound points we elected for.Agree. Resale value is also a consideration.
So far, before the fire, we have been able to rent our studio at Westin South for almost the cost of maintenance fees of the entire 2 bedroom lockoff. That is a nearly free stay for us. I don't think next year will be as lucrative, but I am sure I can still rent the studios for a decent amount. Maybe a few hundred less next year.
I think resale value tanked after the fires.Lots of competition for rentals this year with almost 1500 listed on Redweek at WKORV/WKORVN including 150+ for the 4th of July week alone. I'd sell ours but after fees the WNORVN 2BR IV are now worth less than a year's MFs so trying to find a way of spending the Abound points we elected for.
How do you Westin/vistana owners feel about the product? How does it compare to HGVC?