Why SBP? Or SVV?
yes - you can remove the SVN fee if purchased resale (as you do not get SVN privileges). My question is why you would want to buy SBP (resale)?
Great question! And one that I've been considering:
Im considering either a low cost Bella unit at SVV versus a free SBP. And based on how we travel (happy to plan and book ahead or flex last minute):
I do want to disclaim that I do not own any timeshares currently and all of my thoughts below are based on TUG resources and opinion I've read over the past year. So I strongly welcome additions, corrections, etc.
Bella Risks:
1. Potential that SPG scraps SVN network for resales/"mandatory" resorts go away. Yes VERY low risk here but I remember reading a thread last year on this.
2. Re-sale is tough even though Bella/Key West is "mandatory"; flooded with too many $0 for other phases?
3. Rent at home resort <= MF's and lots of rental availability
4. Low trading power on exchanges outside of SVN
5. HOA Hike due to foreclosed/neglected units
6. High Value SVN nights cost more/night than a simple SBP Exchange on II
7. Capital Outlay = capEX $1600, $125 closing fee, opEX$1911 ($159/month)
8. Not a significant savings based on how we travel (more last minute)
Bella Pros:
1. Exact trading scheme on SVN; point-based, based on availability but you know what you're worth (whereas II is hit or miss)
2. Flexibility of SVN network of resorts; free membership into II for change-it-up years
3. Low Value Days (max # of vacation nights) < $100/night
4. Orlando seems to have low hurricane/tornado risk
5. SVN Network fee includes membership into II also
6. The most reasonable MF/Staroption is Plat Kierland, but increase in capEx is 20+ year breakeven
7. Intangible benefits of having more control over bookings instead of renting from owners
SBP Risks/Cons
1. Can book or exchange week long trips only
2. Usage starts in 2016 (but we can pre-pay MF and book for 2016?)
3. II System for exchange requires planning ahead to get the best exchanges (do we plan to go to Hawaii a year in advance?)
4. Lower sale inventory availability for SBP, but the ones that are posted have $0 as well
5. The whole exchange process is not a guarantee, although everyone seems to say SBP summer week has great trading power
6. No "weekends" up in the mountains with this option
7. South carolina is in a "hurricane/tornado" zone?
8. 1 week to 1 week trade only; even if lower value on point system
SBP Pros:
1. Always will be $109/night (high or low value) based on MF plus II annual fee and exchange fee
2. Low capEx and opEx outlay for our first timeshare ($0 capEx, $125 closing fees, no transfer fees, $543 annual MF)
3. Good trading value on II
4. If I'm dilligent, can do exchanges outside of II (direct exchange via TUG instead, but risk of non-compliance or cancellation)
5. Any future voluntary properties will not incur an additional $89 fee for II membership
6. Lots of coupons for II membership floating around, it seems?
7. You can search first, before depositing your week on II
8. This is a low MF unit; but has the same trading power on II as other more $$ 1 bdrms
9. Consistent Savings on high value trades (i.e. Hawaii) from what I've read on TUG