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Why are starwood resort resales so cheap?

The Mandatory resorts do a fair job at maintaining thier value, after thier intial depreciation. The voluntary resorts do not fair so well. They drop in value just like most of the others in the timeshare industry.
 
Westin St. John and Harborside also command good resale prices.

Just to clarify the post above, Starwood has an internal exchange system - The Starwood Vacation Network. On most resales, you do not retain membership in the SVN (Staroptions.) The 5 properties that do retain membership (SVN mandatory) on a resale, go for higher prices on a resale, because of the value of the membership. For more info. go to the ADVICE link in the red bar at the top of the page and scroll down to the Starwood article.

Outside of that, Starwood properties seem to decrease in value like any other timeshare.
 
what would be a good price for VV for 81,000so? and broadway plantation red season? and sdo 2br l/o 1-52? still looking and what is the top price for each?
 
Hilton, Marriott & Hyatt have held their value so very much better than Starwood. You would have to wonder why?

Could it be the voluntary vs mandatory thing? Especially when you see that the mandatory resorts are holding their values so much better.
 
Bill4728 said:
Hilton, Marriott & Hyatt have held their value so very much better than Starwood. You would have to wonder why?

Could it be the voluntary vs mandatory thing? Especially when you see that the mandatory resorts are holding their values so much better.
Click to expand...
With Marriott, resale buyers only lose the ability to trade their week in for Marriott Reward Points every other (or some - every) year which at this point has very diminished value. Some poeple do use this option successfully so don't flame me....but now, MAR gives much fewer incentive points to purchase directly for most people it isn't worth the price savings.

So you really don't lose anything by buying Marriott resale....all trading is thru II at this time.
 
IMHO, the Mandatory Starwood TS (like WKV) are a good deal and will become a great deal.

This is because Starwood has made the stupid business choice to make all new properties "voluntary". This will mean that anyone who find this website (and others websites like it) will learn if they don't want to pay starwood the full developer price and want their TS to hold it's resale value, they will have to find someone to sell them one of the mandatory starwood locations.

-Also the fact that starwood hides the info about mandatory vs voluntary is scummy! Do we know for sure if WKORV-N is mandatory or voluntary? ( as both have been reported here)
-The fact that last week someone posted Starwood is going to discontinue requalification can't seem to be confirmed is sad as well.
-The fact that Starwood is now selling the new sections of their mandatory resorts as voluntary resorts just adds to my bad feeling toward this company.
 
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benjaminb13 said:
Bill
Westin Kierland 1 br annual can be purchased for 3500- do you think it isa good investment?
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Purchasing a timeshare is not an inverstment at all, in the conventional sense. i.e. Buying one is not a good way to make a profit! :D Buying a timeshares should be viewed as a luxury purchase and an investment in great vacations - but not a money maker.

Whether this is a good deal for YOU or not, depends on several factors:

1) Where do you want to actually GO on vacation? Would you be happy going to WKV at least 2 years out of 3? Or are you primarily interested in trading every year?

2) Are you flexible - can you travel off-season, or do you need to travel when the kids are out of school?

3) Can you plan your vacations 12 mos. in advance?

4) Do you know how Staroptions (exchanging) works in the Starwood system and does this WKV unit have enough Staroptions for the exchanges you want to make?

If you are buying at WKV for the purpose of trying to exchange into high demand resorts during peak time every year (St. John, Harborside, Maui) you are probably going to be disappointed.

If you can travel off-season (when the kids are in school) you will have better luck exchanging. And if you are happy going to WKV 2 years out of 3, it should work out very well for you.
 
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pointsjunkie said:
what would be a good price for VV for 81,000so? and broadway plantation red season? and sdo 2br l/o 1-52? still looking and what is the top price for each?
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I've been tracking Starwood resales on e-Bay for over a year now. For a Vistana Villages prime season 2 bedroom (non LO) unit worth 81,000 SO the prices have ranged from $7,000 to $10,302 (average approx. $8,428).

For a Sheraton Broadway Plantation 2 bedroom Platinum LO unit worth 81,000 SO (if requalified), the prices have ranged from $2,346 to $3,956 (average approx. $2,771).

For a Sheraton Desert Oasis 2 bedroom LO unit worth 81,000 SO (if requalified), the prices range from $3,825 to $5,600 (average approx. $4,520).

Glorian
 
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I own a 1BR at SDO and have watched the Ebay prices for SDO. From what I've seen, you can buy two 1BR's at SDO for quite a bit less than a 2 BR LO. All units at SDO are a small 1BR, large 1BR, and 2BR LO which consists of the two 1BR's put together. The large 1BR's go for quite a bit more than the small 1BR's but I think you can buy a large and small 1BR for a total price of less than the 2BR LO. Also, I think the M&T for two 1BR's are about the same as the 2BR. I don't think it would be a problem there to reserve both for same week and request that they are adjoining - the staff is very accomodating and it's a very nice resort.
 
grgs said:
For a Sheraton Desert Oasis 2 bedroom LO unit worth 81,000 SO (if requalified), the prices range from $3,825 to $5,600 (average approx. $4,520).
Glorian
Click to expand...

Per info. posted on TUG, a floating SDO week purchased resale won't be worth 81K Staroptions because these weeks were sold before Starwood purchased the property and Starwood isn't assigning them as many Staroptions. :(

We paid just about $2K for our deluxe (larger) 1 bdm. on ebay.
 
thank you all for your imput. sdo will be worth 81,000s/o for a 2br l/o if it is floating 1-52. where it would normally be worth 148,100s/o if purchased from starwood originally.
 
DeniseM said:
Per info. posted on TUG, a floating SDO week purchased resale won't be worth 81K Staroptions because these weeks were sold before Starwood purchased the property and Starwood isn't assigning them as many Staroptions. :(

We paid just about $2K for our deluxe (larger) 1 bdm. on ebay.
Click to expand...

As pointsjunkie stated, a 2 bedroom LO that originally sold as a 1-52 float is supposed to be worth 81K SO. I based my statement on this earlier TUG post (now a sticky):

http://www.tugbbs.com/forums/showthread.php?p=187633

(see July 6 post by seenett and July 11 post by nodge)

Of course, I suppose this could change at any time.

Glorian
 
zeke013 said:
I guess I can't say for SURE - but according to the sales staff at WKORV-N (this week), the North site is also mandatory.
Click to expand...

MANDATORY - MANDATORY - MANDATORY!
Repeat: MANDATORY
 
I bought Kierland when it was brand new, paid $27,000 and got (with credit card points added) 152,000 Starpoints! That equalled over $7,000 in vacations (Starpoints were worth a lot more then)

It was my second timeshare purchase and I had already found TUG. But in this case, the numbers worked for me.

To say NEVER is unrealistic. But a smart buyer will certainly consider many more things than an inexperienced one will. And with the loss of value of Starpoints - and the lack of any equalization in the Starpoint value of a week - I would need a GREAT reason to buy from Starwood right now.
 
Bill4728 said:
IMHO, the Mandatory Starwood TS (like WKV) are a good deal and will become a great deal.

This is because Starwood has made the stupid business choice to make all new properties "voluntary". This will mean that anyone who find this website (and others websites like it) will learn if they don't want to pay starwood the full developer price and want their TS to hold it's resale value, they will have to find someone to sell them one of the mandatory starwood locations.

-Also the fact that starwood hides the info about mandatory vs voluntary is scummy! Do we know for sure if WKORV-N is mandatory or voluntary? ( as both have been reported here)
-The fact that last week someone posted Starwood is going to discontinue requalification can't seem to be confirmed is sad as well.
-The fact that Starwood is now selling the new sections of their mandatory resorts as voluntary resorts just adds to my bad feeling toward this company.
Click to expand...

With regards to SVO Mandatory resale - I agree with Bill here - prices for WKV seem to be increasing somewhat - whether this is just a blip or not - remains to be seen. But IMO, WKV is a good value if one likes the SVO system (and lives within reasonable proximately) - and will have continue to hold it's value (if not increase overall) for their 81K SOs and 148.1K SOs groupings since resale SOs cannot be combined - so if one wants to exchange into a 1Bd in Hawaii - the resale buyer must buy at least 81K SOs (unless a studio fits their needs - then 67.1K SOs will suffice). Luckily a Tugger let me know this before I closed on a 44K SO WKV unit.
 
benjaminb13 said:
Bill
Westin Kierland 1 br annual can be purchased for 3500- do you think it isa good investment?
Click to expand...

How many StarOptions? I would guess this might be a silver season. Personally, I wouldn't buy silver.

Glorian
 
benjaminb13 said:
silver season- why wouldnt you peurchase it?
Click to expand...

I will chime in - because you probably want to buy a minimum of 81K SOs for exchanging within the SVN system (since you are paying a premium in buying Mandatory) - especially to exchange into a 1Bd in Hawaii (or 67.1K SOs if a studio is okay...) - because - resale SOs cannot be combined. (an resale issue that is often overlooked)

A silver season at WKV will not get you these many SOs.
 
benjaminb13 said:
silver season- why wouldnt you peurchase it?
Click to expand...

Also, keep in mind that the MF's are based only on the unit size - not the season. Thus, silver season MF's will cost you more per StarOption than a plat or gold season.
 
benjaminb13 said:
silver season- why wouldnt you peurchase it?
Click to expand...

While the initial purchase price is fine, I just wouldn't want to pay the same m.f. for 30,500 SO as someone else is paying for 81,000 SO. Also, I think there are good rental opportunities (for you to rent out your unit) in the Platinum season, that are not available in Silver. Finally, 30,500 SO won't get you much at the "prime" resorts.

Even if you were buying to personally use the week in the Silver season, I think it would be fairly easy to either rent or trade in with a less expensive unit.

Just my perspective. No real right or wrong here.

Glorian
 
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