WKV Resale Value?

[jackball]

I just discovered that my parents own a week at WKV. They have the one-bedroom (not deluxe), EOY (odd), platinum season. It’s worth 67,100 home options. They are wanting to get rid of it. I’m looking for opinions for what it’s worth on the resale market. I’ve seen what I think is the same unit (but annual) listed for $10,000.

 

[SMHarman]

WKV has resale value as the SVN membership and points persistent with resale.

WKV platinum has the lowest cost per star option in the system. Adding to the value.

I think your numbers look high (even divided by two for EOY) but you should be able to sell and exit this unit it's useful to add a few days to existing SVN points.

 

[Negma]

Last year we bought an every year 2 br platinum (148100 options) for 13k and it included that years options which we banked. I think that 10K is high.

 

[vacationtime1]

Kierland 67K StarOption units typically sell for $5.5-7K. An eoy would presumably sell for half of that.

The Kierland unit OP saw listed for $10K was undoubtedly an 81K unit -- and $10K would be above market (I would happily sell my 81K Kierland unit for that price).

 

[jackball]

Thanks all.

 

[VacationForever]

To set the record straight. 67,100 SOs is for the deluxe 1BR. Deluxe = small. The large one is called Premium.

 

[SMHarman]

Last year we bought an every year 2 br platinum (148100 options) for 13k and it included that years options which we banked. I think that 10K is high.

So the price for the 'asset' was $11400, add the MF for the purchased use right at $1600 gets to the $13k

 

[SMHarman]

Kierland 67K StarOption units typically sell for $5.5-7K. An eoy would presumably sell for half of that.

The Kierland unit OP saw listed for $10K was undoubtedly an 81K unit -- and $10K would be above market (I would happily sell my 81K Kierland unit for that price).

Sounds about right.

11000 for 148100 ey
So 5500 for 148100 EOY
3100 for 81000 EOY
2500 for 67000 EOY

I'd offer 2k for it because the above math does not include the additional SVN fees and closing fees on multiple smaller units.

Closing costs are the same regardless of size purchased.

 

[CPNY]

I just discovered that my parents own a week at WKV. They have the one-bedroom (not deluxe), EOY (odd), platinum season. It’s worth 67,100 home options. They are wanting to get rid of it. I’m looking for opinions for what it’s worth on the resale market. I’ve seen what I think is the same unit (but annual) listed for $10,000.

Just because it’s listed at 10k doesn’t mean it’s getting 10K. I’ve seen SVV lockouts worth 95,700 listed on redweek for 3900. I just sold one for 2000 and see others listed for 1000. With this impending recession expect even less. You may get 2,000 for it soon.

 

[DavidnRobin]

I would keep it and use the SOs or rent it out during a Spring Training.
WKV Plat+ has value, and MFs are low. Or, use the week as WKV is a great resort.

IMO a WKV Plat+ EOY 1Bd small (67.1K SO) is probably worth $2-3K in today’s market.

I own two 1Bd WKV Plat+ (large), and they offer the best value of my VSE TSs. They have paid for themselves over the years and continue to be of more value than the MFs.

Good luck.


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