Sheraton Flex/Home Options on Ebay

dioxide45 said:

Obviously expensive based on the price in that auction, but there may be cheaper ones come along after many years of being out on the market. I would still agree, it is better to just buy a voluntary resort. Are these HomeOptions going to be unsellable?

Click to expand...

I think so. They are no more valuable than the underlying resorts in the trust -- most of which can be bought for a dollar.

vacationtime1 said:

I think so. They are no more valuable than the underlying resorts in the trust -- most of which can be bought for a dollar.

Click to expand...

Plus the MF is higher than just buying the underlying resort.

vacationtime1 said:

I think so. They are no more valuable than the underlying resorts in the trust -- most of which can be bought for a dollar.

Click to expand...

At least if Starwood had have allowed the resale buyer to pay an initiation fee, like Marriott does to resale Destinations Points buyers, these points may have retained some amount of value. Marriott currently charges $3000 a minimum, and points still sell for about $5 per point.

dioxide45 said:

At least if Starwood had have allowed the resale buyer to pay an initiation fee, like Marriott does to resale Destinations Points buyers, these points may have retained some amount of value. Marriott currently charges $3000 a minimum, and points still sell for about $5 per point.

Click to expand...

Starwood permits "requalification" of resale purchases, but at a high price: one must buy a retail unit and pay at least $20,000 of "new money" in the process ($40K if in Hawaii). The result is the owner will have StarOptions and StarPoint conversion rights for both properties.

Starwood or its successor may create something similar for resale HomeOptions, but it probably won't be cheap or cost/effective.

vacationtime1 said:

Starwood permits "requalification" of resale purchases, but at a high price: one must buy a retail unit and pay at least $20,000 of "new money" in the process ($40K if in Hawaii). The result is the owner will have StarOptions and StarPoint conversion rights for both properties.

Starwood or its successor may create something similar for resale HomeOptions, but it probably won't be cheap or cost/effective.

Click to expand...

The "new money" is not 20k or 40k necessarily. If you have a "trade in VOI" the "new money" gets reduced. I imagine this is a moving target based on how much they want the sale. Having said that, not all VOIs are accepted as "trade in VOI".

Another Flex listing

vacationtime1 said:

I think so. They are no more valuable than the underlying resorts in the trust -- most of which can be bought for a dollar.

Click to expand...

If you need more confirmation that the resale value of these options are going to be limited it will be interesting to follow the latest eBay listing of 44000 HO for a starting bid of $299 (I just noticed tonight with my scheduled search - not my own listing).

No bids yet - not surprising.

jabberwocky said:

If you need more confirmation that the resale value of these options are going to be limited it will be interesting to follow the latest eBay listing of 44000 HO for a starting bid of $299 (I just noticed tonight with my scheduled search - not my own listing).



No bids yet - not surprising.

Click to expand...

The market for any Flex resale is likely to only be among the uninformed. I simply can't see any advantage to owning this program, especially the lower point value contracts. Perhaps an exception for ski weeks, but that's still questionable to me.

jabberwocky said:

If you need more confirmation that the resale value of these options are going to be limited it will be interesting to follow the latest eBay listing of 44000 HO for a starting bid of $299 (I just noticed tonight with my scheduled search - not my own listing).

No bids yet - not surprising.

Click to expand...

I just added it to my watch list to see how it ends. I just don't see how it will even get a single bid. Vistana has created a product that is worthless at resale. Limited use at only a few resorts and an even worse II trader than voluntary properties. I can see how this can perhaps get them in to trouble some day. I think there will be increased scrutiny and perhaps even more regulation if timeshare companies continue to develope and sell "real estate" products knowing full well that their resale value is near or at $0.