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WLR Purchase Help

mitchandjeanette

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Ok, we are here at WLR and loving it, but maybe a bit too much... We did the "tour" and purchased. Now before everyone starts yelling rescind let me tell you what we own currently.
1. WLR - 2bd LO gold season purchased through Starwood (81,000)
2. SVR Lakes - purchased resale after WLR purchase :( voluntary
3. SVV Bella - (81,000) resale also after WLR purchase :( madatory

then we found TUG
Now this is what we just did,

Purchased 2bd LO EOY (148,000) WLR Platium season (purchase price $21,450)and had our SVR Lakes grandfathered into SVN (will be 76,100 Options in 2009). We also got 55,000 StarPoints as "insintive"

help us... did we do a good thing, or are you yelling rescind??? :shrug:
 

DeniseM

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1) WHY do you want to requalify? (What are your goals?)

2) You would get more bang for your buck if you requalified a resale worth 148,100 Staroptions.

3) 55,000 Starpoints isn't a particularly high incentive.

4) We are already seeing Lagunamar resales on the market for near half the developer price:

On Redweek: Plat Plus (includes weeks 51 & 52) 2 bdm. EOY for $13,999!

Whispering - rescind.....
:D
 
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pointsjunkie

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Ok, we are here at WLR and loving it, but maybe a bit too much... We did the "tour" and purchased. Now before everyone starts yelling rescind let me tell you what we own currently.
1. WLR - 2bd LO gold season purchased through Starwood (81,000)
2. SVR Lakes - purchased resale after WLR purchase :( voluntary
3. SVV Bella - (81,000) resale also after WLR purchase :( madatory

then we found TUG
Now this is what we just did,

Purchased 2bd LO EOY (148,000) WLR Platium season (purchase price $21,450)and had our SVR Lakes grandfathered into SVN (will be 76,100 Options in 2009). We also got 55,000 StarPoints as "insintive"

help us... did we do a good thing, or are you yelling rescind??? :shrug:

with the 81000 + 76000=157000 which is 2000 staroptions shy of 3*which will give you not much.the 81000+81000 will bring you to 3* level.

they can't throw you some more starpoints?

you are using your starwood amex to pay for it i hope.
 

DavidnRobin

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If your purpose to 'requal' the SVR is for the ability to convert SOs to SPs then you need to evaluate whether the cost diference buying the EOY WLR and the MFs for the EOY WLR and SVR are worth that ability. Some here do like ability to convert SOs to SPs.

You were correct in requaling SVR Lakes (Voluntary) since SVV is Mandatory so you will get more out of Voluntary requal since SVV is already in SVN.

Remember that you only get half the SOs for an EOY toward Elite status - so I think your status will only be 3*.

The 55K SP incentive is low, but nice to have (and this is only for an EOY) - I would only put a value of these at 1.5 cents/SP to estimate the value (IMO).

I have giving up yelling RESCIND to people who are not TUG newbies - it really comes down to whether your cost divide by 2 (~$10,000) is worth the ability to convert the SOs to SP for WLR and SVR, the extra boost being 3* (not worth much - maybe $1000 and that's being generous) and the extra 55K incentive SPs (~$800) - against the cost and hassle of buying resale and saving $10K.

best.
 

DavidnRobin

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with the 81000 + 76000=157000 which is 2000 staroptions shy of 3*which will give you not much.the 81000+81000 will bring you to 3* level.

they can't throw you some more starpoints?

you are using your starwood amex to pay for it i hope.

they aleady have 81K SO from their first WLR purchase
 

Joshadelic

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Why don't you just upgrade your 2br WLR gold to a 2br WLR EY platinum? You can also requalify your SVR in the process. You'll have 148,100 ANNUAL SO's from WLR for less than you're paying for the EOY.

Here are your two scenarios:

Keep what you have now: 2br gold EY worth 81,000 SO's - $1,357 MF's AND 2br plat EOY worth 74,050 (average) SO's - $733 MF's. That gives you an average of 155,050 SO's per year and $2,090 MF's.

OR

Do an upgrade of your existing WLR - You'll have: 2br platinum EY worth 148,100 SO's and $1357 MF's.

I'd MUCH rather do the 2nd option!

They have a rule at WLR that you can't upgrade into the same season, but since you have a gold, you CAN upgrade into a platinum. What is the price difference between your 2br gold and a 2br platinum? I bet it's about the same (or less) as what you just spent, right? According to their current price sheet, it's $14k. You may not get as many incentive SP's, but the difference between the $21,450 you just paid and the $14,000 upgrade doesn't justify 55,000 SP's. You'll be saving over $700 per year in MF's too!

Make sense?
 
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SDKath

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That is a pretty good incentive for an EOY. I believe the max incentives right now are 130,000 for an EY so I would think this is in line.

Katherine
 

mitchandjeanette

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We are putting our SVR into II each year, and hoping to get a good trade, so far it has been ok, but being able to use it's SO is something we want to be able to do. So we want to requalify it at some point. If we don't rescind we would be 3*, but the bigger reason for us doing it would be to not have to "dump and pray" when using II. We haven't converted our SO's to SP's, but things are always changing. I agree we would get more bang for our buck if we purchased a mandatory resale unit w/ 148,100 StarOptions, but we are working with what we have. Our thought was getting 148,100 SO EOY and 76,100 EY for $21,400 was a good deal. Thanks for keeping the advise/opinions coming.
:)
 

lars158

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They have a rule at WLR that you can't upgrade into the same season, but since you have a gold, you CAN upgrade into a platinum. What is the price difference between your 2br gold and a 2br platinum? I bet it's about the same (or less) as what you just spent, right? According to their current price sheet, it's $14k. You may not get as many incentive SP's, but the difference between the $21,450 you just paid and the $14,000 upgrade doesn't justify 55,000 SP's. You'll be saving over $700 per year in MF's too!

Make sense?

I thought it was the other way around, at least that what's i have been told by SVO. That is, at WLR you can NOT upgrade from one season to another but only within the same season (i.e. you can NOT upgrade from Gold to Platinum).
 

Joshadelic

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I thought it was the other way around, at least that what's i have been told by SVO. That is, at WLR you can NOT upgrade from one season to another but only within the same season (i.e. you can NOT upgrade from Gold to Platinum).

That's not what I was told very recently by my salesperson, but things change constantly.
 

Joshadelic

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We are putting our SVR into II each year, and hoping to get a good trade, so far it has been ok, but being able to use it's SO is something we want to be able to do. So we want to requalify it at some point. If we don't rescind we would be 3*, but the bigger reason for us doing it would be to not have to "dump and pray" when using II. We haven't converted our SO's to SP's, but things are always changing. I agree we would get more bang for our buck if we purchased a mandatory resale unit w/ 148,100 StarOptions, but we are working with what we have. Our thought was getting 148,100 SO EOY and 76,100 EY for $21,400 was a good deal. Thanks for keeping the advise/opinions coming.
:)

You CAN requalify it while upgrading the WLR you already own. You'll have about the same amount of SO's for MUCH less upfront $ and MUCH less yearly MF's. Why are you concerned about having more SO's one year and less the next? You can borrow SO's from your next year allocation as long as your MF's are paid upfront. Was I right that the upgrade would cost you around $14k? If you do it that way, you'll save over $7k right now and another $7k in the next ten years of MF's. That's a no-brainer!
 

Stefa

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the bigger reason for us doing it would be to not have to "dump and pray" when using II.

If it were me, I'd at least consider selling the SVR if it doesn't fit with your vacation needs rather than spending big bucks to make it work.

There are cheaper ways to get staroptions as well as cheaper ways to get a very good trader with II.
 

myip

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I was told that we cannot do upgrade with WLR... The deed is in trust and they won't allow upgrade.
 

Joshadelic

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I was told that we cannot do upgrade with WLR... The deed is in trust and they won't allow upgrade.

How long ago was that? My salesperson told me it could be done two weeks ago. They change these things ALL THE TIME, so the OP should go back to their salesperson and ask. I'm sure you could call ten different salespeople at SVO and get ten different answers. The only rules that apply here are the ones that Starwood is going to make up right before they complete this particular sale.

Upgrading at Lagunamar has been discussed here before - at length. So at least it could be done as of a couple of weeks ago.

mitchandjeanette - could you please ask them what options are available to you if you wanted to upgrade your gold 2br WLR? I'm interested in their answer.
 

myip

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How long ago was that? My salesperson told me it could be done two weeks ago. They change these things ALL THE TIME, so the OP should go back to their salesperson and ask. I'm sure you could call ten different salespeople at SVO and get ten different answers. The only rules that apply here are the ones that Starwood is going to make up right before they complete this particular sale.
I agree... Asked 10 different salesperson and you get 10 different answer. Have it in writing... to be sure it can be done. My salesperson told me about it 6 months ago. This is the reason why I didn't buy WLR for upgrade/retro'd
 

lars158

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I agree... Asked 10 different salesperson and you get 10 different answer. Have it in writing... to be sure it can be done. My salesperson told me about it 6 months ago. This is the reason why I didn't buy WLR for upgrade/retro'd

I got this in writing on 9/24/08 by a SVO Sales Rep:

"If upgrading a Cancun week then the margin has to be at least $10K and you can't upgrade into a different season. If you own Gold it has to be upgraded into Gold."

I am about to upgrade from Lagunamar Studio Platinum to a 2 BD/LO Platinum based on this very statement (and requalify a resale in the process). According to the SVO Sales Rep I should expect the closing papers today in the mail, so lets see if they come through... I should know for sure within the next few hours.
 

jarta

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"Purchased 2bd LO EOY (148,000) WLR Platium season (purchase price $21,450)and had our SVR Lakes grandfathered into SVN (will be 76,100 Options in 2009). We also got 55,000 StarPoints as "insintive" ..."

As long as you want to go to Lagunamar every other year, you did a good thing.

I bought the same type of EOY week last month. Same price. The incentive could be about 5K points too low. But, WTH. You did get the retro, too. :)
 
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Joshadelic

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As long as you want to go to Lagunamar every other year, you did a good thing.

How did the OP do a good thing when they paid at least twice as much as they could have if they had bought resale? I can see it being a good deal if they were upgrading and retroing at the same time, but that's not the case. The last time I checked, there was an EOY platinum for sale in the TUG classifieds for much less than the OP paid.
 

mitchandjeanette

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Joshadelic;610605} said:
mitchandjeanette - could you please ask them what options are available to you if you wanted to upgrade your gold 2br WLR? I'm interested in their answer.

We have rescinded our purchase, and are waiting for answers to our (your) questions. And thanks to the rainy weather :bawl: we are just hanging out here most of the day.
 

Joshadelic

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We have rescinded our purchase, and are waiting for answers to our (your) questions. And thanks to the rainy weather :bawl: we are just hanging out here most of the day.

Well, your first order of business should be to go and enjoy your vacation!!!

Secondly, if you're able to upgrade and at the same time requalify your SVR, then enjoy your new purchase as well. If they won't let you do that, then just walk away and spend some more time doing research. The week you're buying from them right now can also be purchased through SVO sales in Orlando. I'd be more than happy to refer you to the salesperson who is helping me right now do an upgrade and requalification at the same time. That's the way to go! Good luck!!!
 

DavidnRobin

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We have rescinded our purchase, and are waiting for answers to our (your) questions.

Good for you - if you proceed forward - make sure it is writing...
They are hurting - and will come back to you asking what will it take to get a deal done (if they are worth anything as a salesperson).
 
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