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As of today, I'm Vistana-less!

LisaRex

TUG Review Crew
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Used to own: WKORV-N; SVV - Bella
Today I received my check ($2750) for the sale of my SVV Bella platinum 2 bdrm lockoff. So after a decade of ownership, I am officially timeshare-less! When we bought WKORV-N in 2006, our daughters were 14 and 12. Fast forward a decade, and my oldest daughter and her husband are finishing up grad school in another state, and my youngest just finished up her last year of college and is looking for her “career” job. Needless to say, our travel habits have changed since we first bought. Family vacations have given way to couples trips with dear friends who share common passions: tennis, fishing, snorkeling, and Euchre.

For the most part, I was “very satisfied” with my VSE ownership. Even though MFs are way more expensive than they should be, VSE resorts are exceptionally nice. I’ve always been very proud to own VSE, and to bring friends and family along. Everyone who’s ever traveled with us has become a timesharing believer. I’m also very pleased and relieved that after double digit increases for the first 5 years of my ownership, MFs have stabilized. If you do your research and buy the right unit for your specific needs, it can still make a lot of sense to own a timeshare, both financially and practically speaking (because it forces you to take a vacation!).

I’ve also never regretted buying WKORV-N (on the resale market, thanks to TUG), even though the market tanked shortly after we bought it. WKORV is still, hands down, my favorite VSE resort though I’d be hard pressed to decide which phase I like the best. Nor have I regretted selling it and buying a mandatory SVV 6 years later. 148,100 SOs annually was way exceeding our needs, and I didn’t want the hassle of renting. A vacation should never feel like a chore! No, SVV (worth 95,700 SOs) with its $1500 MFs turned out to be the perfect “size” for us once the kids left for college. The SO exchanges I’ve gotten with both units have been fantastic, though I did notice a significant tightening of the availability this past time, which I hope for everyone’s sake eases after VSE figures things out.

There are two main reason we sold now. First is that the VSE network is just too limited for us. We finally visited HRA in September (one week before the hurricane) and now we’ve officially visited every resort that appealed to us, most multiple times. And now we'd like to explore other places. The future San Diego and Poipu, Kauai resorts intrigue us, but not enough to induce us to stay. It’s time to expand our horizons. We’re traveling to Grand Cayman in April in a rental condo with friends, I’m hoping to secure a Marriott Aruba villa in the fall via II Getaways before my platinum membership expires in January, and in Feb 2018, we’re planning to rent another VRBO 5-star home with the same 3 couples we shared a house with in St. Maarten 3 years ago. We’re eyeing Abaco, Bahamas or St. Lucia.

The other main reason we're selling now is that our lake house is now built. In 2014, quite unexpectedly, we stumbled across a beautiful lot on a nearby lake, and the price was right. The raccoon-infested house was turning off potential buyers, but we could overlook it and focus on the lot itself. We knocked down the existing house to its foundation and built this little beauty:



[/URL
]





We're spending every free moment there, and enjoying the heck out of it.

In 5-10 years, we can envision returning to timeshare ownership if we’re blessed with grandchildren, but at this point, it’s become more limiting that liberating, and it's time to moooove on.

Life is an adventure, folks. Enjoy it while you can!
 

okwiater

TUG Member
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Resorts Owned
WKV 2B Plat+ (x2)
WSJ 3B Plat+ (VGV/BV)
WLR 2B Plat+ Oceanside
SMV 2B Plat+
Sheraton Flex (x2)
Love the story and the surprise lake house ending. My wife and I have 2 kids both under age 5, and envision a similar path for our timeshare usage, including the transition from being "timeshare" people to "2nd house" people in the coming years. Best of luck!
 

VacationForever

TUG Review Crew
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Thank you for sharing. Always love your posts. Enjoy your lakehouse, it looks lovely. Fishing - always my dream to be able to do that regularly. We are still timesharing but looking forward to being able to relieve ourselves from most of it. We retired earlier this year and we no longer "need" to getaway for work-vacation every month for stress relief.
 

cubigbird

Tug Review Crew Veteran
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Westin Lagunamar, Westin Kierland X2, Westin St John-Sunset Bay X2, Westin Desert Willow, Westin Aventuras
Time to throw some Tugger parties at that lake house :banana:
 
Joined
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Looking for Vistana
As someone brand new looking to adopt 2-3 kids and interesting in buying, I really appreciate your post! It helps me understand the benefits and when might be a good time for my spouse and I to look for a timeshare.
 

Sugarcubesea

TUG Review Crew
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QH, HBC, VBHC, & Pinestead Reef
Lisa, I love your posts and I love the story, your right it should not be a chore to do timesharing and like you, I will probably downsize when I get to that point. I own 4 weeks now and I'm going to have downsize in 2018.

Thank you for sharing your story.
 

DavidnRobin

TUG Member
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Dec 20, 2005
Messages
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Location
San Francisco Bay Area
Resorts Owned
WKORV OFD (Maui)
WPORV (Kauai)
WSJ-VGV (St. John)
WKV (Scottsdale)
Congrats - your post should be read by all.
Thanks for all your insights and contributions.
Enjoy the lake house - looks great.
 

DeniseM

Moderator
Joined
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Resorts Owned
WKORV, WKV, 2-SDO, 4-Kauai Beach Villas, Island Park Village (Yellowstone), Hyatt High Sierra, Dolphin's Cove (Anaheim)
I LOVE your lake house - congratulations!
 

Ken555

TUG Review Crew: Veteran
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Westin Kierland
Sheraton Desert Oasis
Looks great!


Sent from my iPad using Tapatalk
 

TUGBrian

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take that lake house over any timeshare!
 

silentg

TUG Review Crew: Expert
TUG Member
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Central Florida
Resorts Owned
Fitzpatrick's Castle Holiday Homes,
Enchanted Isle.
Today I received my check ($2750) for the sale of my SVV Bella platinum 2 bdrm lockoff. So after a decade of ownership, I am officially timeshare-less! When we bought WKORV-N in 2006, our daughters were 14 and 12. Fast forward a decade, and my oldest daughter and her husband are finishing up grad school in another state, and my youngest just finished up her last year of college and is looking for her “career” job. Needless to say, our travel habits have changed since we first bought. Family vacations have given way to couples trips with dear friends who share common passions: tennis, fishing, snorkeling, and Euchre.

For the most part, I was “very satisfied” with my VSE ownership. Even though MFs are way more expensive than they should be, VSE resorts are exceptionally nice. I’ve always been very proud to own VSE, and to bring friends and family along. Everyone who’s ever traveled with us has become a timesharing believer. I’m also very pleased and relieved that after double digit increases for the first 5 years of my ownership, MFs have stabilized. If you do your research and buy the right unit for your specific needs, it can still make a lot of sense to own a timeshare, both financially and practically speaking (because it forces you to take a vacation!).

I’ve also never regretted buying WKORV-N (on the resale market, thanks to TUG), even though the market tanked shortly after we bought it. WKORV is still, hands down, my favorite VSE resort though I’d be hard pressed to decide which phase I like the best. Nor have I regretted selling it and buying a mandatory SVV 6 years later. 148,100 SOs annually was way exceeding our needs, and I didn’t want the hassle of renting. A vacation should never feel like a chore! No, SVV (worth 95,700 SOs) with its $1500 MFs turned out to be the perfect “size” for us once the kids left for college. The SO exchanges I’ve gotten with both units have been fantastic, though I did notice a significant tightening of the availability this past time, which I hope for everyone’s sake eases after VSE figures things out.

There are two main reason we sold now. First is that the VSE network is just too limited for us. We finally visited HRA in September (one week before the hurricane) and now we’ve officially visited every resort that appealed to us, most multiple times. And now we'd like to explore other places. The future San Diego and Poipu, Kauai resorts intrigue us, but not enough to induce us to stay. It’s time to expand our horizons. We’re traveling to Grand Cayman in April in a rental condo with friends, I’m hoping to secure a Marriott Aruba villa in the fall via II Getaways before my platinum membership expires in January, and in Feb 2018, we’re planning to rent another VRBO 5-star home with the same 3 couples we shared a house with in St. Maarten 3 years ago. We’re eyeing Abaco, Bahamas or St. Lucia.

The other main reason we're selling now is that our lake house is now built. In 2014, quite unexpectedly, we stumbled across a beautiful lot on a nearby lake, and the price was right. The raccoon-infested house was turning off potential buyers, but we could overlook it and focus on the lot itself. We knocked down the existing house to its foundation and built this little beauty:



[/URL
]





We're spending every free moment there, and enjoying the heck out of it.

In 5-10 years, we can envision returning to timeshare ownership if we’re blessed with grandchildren, but at this point, it’s become more limiting that liberating, and it's time to moooove on.

Life is an adventure, folks. Enjoy it while you can!
Great story, may I ask what Lake ?
 

AnnaS

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Your lake house is beautiful!! Congratulations and enjoy making all new wonderful memories.
 

thinze3

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Beautiful lake house! I have thought about this as well since my kids are grown now, and I don't want to limit my travel options to timeshares only. As a matter of fact we will be traveling to Europe next year outside of TS's. Will be monitoring our TS ownership closely but are good for now.
 

GregT

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Marriott: Maui Ocean Club Lahaina Villas (3BRx5), Ko Olina, Shadow Ridge II, Willow Ridge, Aruba Ocean Club, DC Points HGVC: Flamingo, Sea World, I-Drive, Starwood Bella (x4), SDO, TradeWinds, Worldmark
Congratulations on your transition to this new phase and the lake house looks terrific! Enjoy it and I hope to still you on TUG!!

Best,

Greg
 

SmithOp

TUG Review Crew
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HGVC King's Land 2BR Premier 23.040K Points.
Thanks for the good wishes everyone.

silentg, it's called Rocky Fork State Park. It's located about 60 miles northeast of Cincinnati.

http://rockyforklake.com/generalInfo.htm

Wow, I spent my teenage years in Springfield, graduated from HS there. Spent many summer days at Rocky Fork, enjoy!

I plan on being Vistana-less in the new year too.
 

Karen G

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Once owned these: FirstFairway@Walden X 2; Lawai Beach; ManhattanClub; PuebloBonitoRose; 4 South Africa--now timeshare-free
I enjoyed reading your story and admiring your beautiful lake house. Our timeshare history is quite similar to yours. We used and enjoyed as many as eight weeks of timeshare as our children grew up and out of the household. It was good while it lasted but we, too, have found other travel options that work better for us now.

It's all good!
 

elleny76

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How excited all look for you... Congratulations on your awesome lake house! We just started with our TS and We love it so much and thank Tugs family all the time. Some comes some goes and that's how life is. I just got my Bella vistana in 2016 2 toddlers here..Many years to come of fun and happiness. God Bless!
 

cyntravel

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Hi Lisa -Congratulations on your lake house! Thanks for your story.
Cyn
 

dioxide45

TUG Review Crew: Expert
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Marriott Grande Vista
Marriott Harbour Lake
Sheraton Vistana Villages
Club Wyndham CWA
Congratulations on the sale and the lake house. My FIL goes fishing at Rocky Fork all the time.

I am surprised you were able to sell the 2BR SVV lock off for $2,750. Are these worth that much more than the SVV 2BR dedicated mandatory weeks?
 

GrayFal

TUG Review Crew: Expert
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Marriott Bluegreen SVV Morritt's Seaside Former WSJx5
Thanks for sharing your story Lisa. I appreciate all your guidance when I was getting my VSE feet wet! Enjoy your beautiful new home and the next chapter of your life.
 

LisaRex

TUG Review Crew
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Used to own: WKORV-N; SVV - Bella
I am surprised you were able to sell the 2BR SVV lock off for $2,750. Are these worth that much more than the SVV 2BR dedicated mandatory weeks?

$2500-3000 is about right. There's one on Redweek now for $2500 but it's via a broker and who knows what the closing costs will be. You could probably find cheaper ones on ebay but some of those sellers are suspect. I sold this one via TUG ads and used the closing company (First American) recommended by Redweek, so closing costs were $350.

Personally, I think the platinum lockoffs worth 95,700 SOs are well worth the extra dollars because if you bank one year, you'll have enough SOs for platinum 2 bdrms anywhere in the network, including OF units that are now priced at 176,700 SOs. Bank 2 years and you'll have enough for platinum OF 3 bdrms. You couldn't do this with a 81,000 VOI.
 

Denise L

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Starwood/Vistana, Disney, Hyatt, HGVC
Love your lake house and story on how you made it all happen! I just paid all our MFs and would love to some day not have to :), but our timeshares still work for us right now, sort of! Thanks for sharing your beautiful photos!
 

taffy19

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Your main reason to be timeshare free is a good one. Congratulations for finding such a nice spot and building a beautiful home with a lake view and trees for shade in the summer and change of color in the fall. You can even tie up a boat and go around the lake.

Post some more pictures later and tell us your story. I love your last sentence in your post.

 
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