TUG MEMBERS: Joining TUG does not automatically register you as a user of the TUG Bulletin Board. You must register yourself.


*ads are disabled when logged in as a member*
  1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 25 years!

    Join tens of thousands of other owners just like you here to get any and all Timeshare questions answered!
    Dismiss Notice
  3. TUG has now saved timeshare owners more than $13,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $13Million dollars
    Dismiss Notice
  4. Sign up to get the TUG Newsletter for free! Join tens of thousands of other owners who get this every week! Latest resort reviews and the most important topics discussed by owners during the week!
    Dismiss Notice
  5. TUG is trying out a new program that will trade you a TUG membership for a Timeshare resort review if you are an expired member, or even just a guest here on the forums!

    Read more here
    Dismiss Notice
  6. Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    Read more Here
    Dismiss Notice
  7. Follow the TUG Member Banner as it travels the world on vacation with Timeshare owners! Also sign up to get the banner sent to you so you can submit a photo of your vacation with the banner to share with TUG! Banner Thread
    Dismiss Notice
  8. TUG has now joined Priceline.com as an affiliate!

    Members and guests who book air travel, rental cars and even Cruise Vacations thru TUG's priceline links will now support TUG in the process!

    Read more here
  9. A few of the most common links here on the forums for newbies and guests!
    Dismiss Notice

[2006] SVO Resale: Yes you can requalify/retro [MERGED]

Discussion in 'Vistana Signature Experiences (formerly Starwood)' started by duke, May 6, 2006.

  1. Pindento

    Pindento Guest

    Joined:
    Sep 6, 2010
    Messages:
    9
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    DFW
    Thanks Fredm and YYJMSP!

    I have to admit that I didn't read every page of this thread until today, just scanned it again to find the PhilyPhan post in Aug of '09 - very suspicious stuff. I've been really interested in buying a couple resales to consider options for the upgrade and requal approach along with a developer purchase, and this mornings conversation took the wind out of the sails.

    Hasn't taken the option completely out of consideration without a developer purchase ... but I sure do agree with responses to PhilyPhan post - no harm in buyers working within whatever "the rules" are to find the optimal value. Gives existing owners additional options to sell, and gives buyers additional motivation to enter the market. There's little chance I'd consider a developer purchase without this option. If they have buyers beating down the door for a direct purchase without a resale re-qual/upgrade option, more power to 'em ... but I wouldn't be able to understand turning down a segment of the market.

    Regards and thanks again,
    Vincent
     
  2. Fredm

    Fredm TUG Member

    Joined:
    Jul 30, 2005
    Messages:
    1,779
    Likes Received:
    7
    Trophy Points:
    248
    Location:
    Palm Desert, CA
    My experience has been that Starwood sales reps will work with you to retro-qualify a secondary market purchase, if that is the only way they will make a direct sale.

    I agree that the retro-qualification program is a source of secondary market buyers, and discontinuing it will have an adverse impact on demand.
     
  3. SCMom

    SCMom TUG Member

    Joined:
    Jun 18, 2009
    Messages:
    69
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Beverly Beach, FL
    We were offered the possibility of retro on Saturday

    We just spent a week at Westin Mission Hills (purchased a cheap Getaway.). It was our first trip to a Westin property since we bought our SDO last summer. We did the Owner's Update and, of course, they were blown away by how much I know about the system (thanks to TUG!). Both the saleswoman and her manager were dying to sell us a Gold Plus WDW week worth 81,000 SOs and try to retro my SDO. Price would have been about 21K. They were not sure if my SDO could be retroed and I didn't have them do all the research because we weren't really going to buy. They were certainly not talking about no more retro. Incentives were bonus 148,000 SOs plus 80,000 SPs. Problem is that WDW MFs are $1,500 a year. When the closer guy offered me a 3 night return plus 50,000 SPs for 1,400, it wasn't too hard to say no as I had just stayed for a week on a 375 Getaway.
     
  4. jerseygirl

    jerseygirl TUG Member

    Joined:
    Jun 6, 2005
    Messages:
    3,327
    Likes Received:
    0
    Trophy Points:
    36
    I think the retro process still exists as evidenced By SCMom's recent experience but I think the upgrade opportunities may be gone.
     
  5. YYJMSP

    YYJMSP TUG Member

    Joined:
    Apr 2, 2009
    Messages:
    2,266
    Likes Received:
    68
    Trophy Points:
    258
    Location:
    BC, Canada
    We had a similar experience back in March this year, but they were trying to get us to buy Lagunamar as Desert Willow was "sold out" for now...

    I think the only difference in what they offered was price was a tiny bit higher and the return incentive ("Explorer package") was for 5 days instead of 3 days.


    We did an Owner's Update in Maui in July, and the sales guy was a bit poo-poo on the whole requalification thing, but I think it was just him not getting a sale of an "upgrade" to our WKORV property -- they wanted us to buy a OF unit at today's developer prices if we traded in our IV Deluxe at 2005 prices. Um, no thanks...
     
    Last edited: Sep 20, 2010
  6. oneohana

    oneohana TUG Member

    Joined:
    Jan 12, 2006
    Messages:
    459
    Likes Received:
    5
    Trophy Points:
    228
    Location:
    los angeles
    Upgrades with a retro as of 2 weeks ago are still there.
     
  7. jerseygirl

    jerseygirl TUG Member

    Joined:
    Jun 6, 2005
    Messages:
    3,327
    Likes Received:
    0
    Trophy Points:
    36
    Upgrade of a resale? If yes, very nice! Pls detail (whatever you're comfortable with).
     
  8. YYJMSP

    YYJMSP TUG Member

    Joined:
    Apr 2, 2009
    Messages:
    2,266
    Likes Received:
    68
    Trophy Points:
    258
    Location:
    BC, Canada
    Cut-and-paste from our sales rep:

    We are still selling all of the resorts (since most locations do have off season weeks available); but if you are speaking of the top platinum plus season, the resorts that we mainly have some sort of inventory for right now are The Westin Lagunamar and The Westin St. John Resorts. The Westin Desert Willow Resort, The Westin Riverfront Mountain Resort and The Westin Lagunamar Ocean Resort were all out of available inventory for the Platinum Plus Season, but we just recently released more for the Cancun Resort and the Colorado Resort. However, there are some contingencies on the way they are selling the Platinum Plus Season at the Colorado Property. They are only selling Ski Season with the purchase of a 2nd week (2 week package). As for The Westin Desert Willow Resort, they do not have any Platinum Plus Season inventory currently available; they will have more once they wrap up some more building and register the villas to be sold, but for now they only have the other seasons available.

    In regards to the retro guidelines (re-qualification of resale inventory), below you will find the current retro guidelines as they currently exist.

    To retro a resale purchase of one of our existing properties into the Starwood Vacation Network for FULL membership privileges, you must purchase an interest directly from Starwood (Developer) as follows:

    **If the new purchase (Developer Purchase) is for inventory within the continental U.S. or Mexico, the purchase price must meet a minimum of $20,000.

    **If the new purchase (Developer Purchase) is for inventory in Hawaii or The Caribbean (Bahamas or St. John), the purchase price must meet a minimum of $40,000.

    At the present time, there are no other options available with regards to resale inventory.
     
  9. Pindento

    Pindento Guest

    Joined:
    Sep 6, 2010
    Messages:
    9
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    DFW
    Thanks YYJMSP !

    Good info ... I'll try not to be a pest :), but as for the final comment "At the present time, there are no other options available with regards to resale inventory." .... do you get the impression he's suggesting an upgrade of a resale is not an option?
     
  10. YYJMSP

    YYJMSP TUG Member

    Joined:
    Apr 2, 2009
    Messages:
    2,266
    Likes Received:
    68
    Trophy Points:
    258
    Location:
    BC, Canada
    As far as I know, upgrades to resales weren't an option -- when we were in Hawaii this summer, they offered to let us use the original purchase price (from 5+ years ago) of our units against a new purchase, but they had put down $0 as the original price on the resale unit in our account.
     
  11. pathways25

    pathways25 TUG Member

    Joined:
    May 17, 2009
    Messages:
    354
    Likes Received:
    4
    Trophy Points:
    128
    Location:
    San Francisco Bay Area
    I believe the option to retro on upgrade was taken away about 18 months ago. You can look over this lengthy thread that talks about it:

    http://www.tugbbs.com/forums/showthread.php?t=96596
     
  12. YYJMSP

    YYJMSP TUG Member

    Joined:
    Apr 2, 2009
    Messages:
    2,266
    Likes Received:
    68
    Trophy Points:
    258
    Location:
    BC, Canada
    I'm going to speculate that this is the same as what we were offered in July.

    You can upgrade your existing unit (any property it sounded like) to a more expensive developer unit at the same resort, and they would credit your original purchase price against the cost of the new unit. The catch seemed to be that they put down an original purchase price of $0 on our previously requalified unit.

    If the difference was greater than the requalification threshold ($20K mainland, $40K elsewhere), you could retro an existing resale.
     
  13. Pindento

    Pindento Guest

    Joined:
    Sep 6, 2010
    Messages:
    9
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    DFW

    Thanks, I read the thread. One thing I struggled with ... if the requirement is $20K "new" money on the upgrade, and they're filling in $0 on the upgrade ... to Katherine's point, they're not upgrading anything, they're just selling a new developer purchase without anything in return for the unit being "upgraded" from. Well, I guess the only value you're getting is relief from the MF obligation - so, in essence ... this formula suggests that SVO values the existing week you have as a burden rather than an asset ...
     
  14. jerseygirl

    jerseygirl TUG Member

    Joined:
    Jun 6, 2005
    Messages:
    3,327
    Likes Received:
    0
    Trophy Points:
    36
    Thanks YYMSP. That's similar to what I've been told as well.
     
  15. YYJMSP

    YYJMSP TUG Member

    Joined:
    Apr 2, 2009
    Messages:
    2,266
    Likes Received:
    68
    Trophy Points:
    258
    Location:
    BC, Canada
    The sales guy had drawn a great big line right through the requalified unit listing on our "portfolio sheet" that he had with him -- a not so subtle hint that it was worthless from his point-of-view...
     
  16. DanCali

    DanCali TUG Member

    Joined:
    Sep 17, 2009
    Messages:
    2,539
    Likes Received:
    1
    Trophy Points:
    273
    Location:
    Florida
    Resorts Owned:
    Vistana: WKV, HRA; Marriott: NCV
    Did you draw a line through their unit listed on their pricing sheet and tell them it would be worthless from the market's POV in 7 days? :(
     
  17. SDKath

    SDKath TUG Member

    Joined:
    Dec 30, 2007
    Messages:
    3,067
    Likes Received:
    0
    Trophy Points:
    246
    LOL! Now that's funny...

    Katherine
     
  18. YYJMSP

    YYJMSP TUG Member

    Joined:
    Apr 2, 2009
    Messages:
    2,266
    Likes Received:
    68
    Trophy Points:
    258
    Location:
    BC, Canada
    Nah, I did worse than that :D

    After his upgrade pitch didn't work (I explained to him how it would take 20+ years for me to break even on the new money I would give him for absolutely no increase in benefit), he went in to the "let's get you the last step up to 5 Star Elite".

    I then explained to him that the only benefit that would gain me (from my personal point-of-view) would be SPG Platinum, and I could go "stay" at my local Four Points 25 single nights in the year (which would qualify me for SPG Platinum from nothing if necessary) for less than the cost of the additional MFs for the 2 new units he was trying to sell me.

    The look on his face was priceless as he promptly lead me down the hallway to collect my $$ incentive... :eek:
     
  19. rebrewer

    rebrewer TUG Member

    Joined:
    Mar 28, 2012
    Messages:
    26
    Likes Received:
    0
    Trophy Points:
    111
    Location:
    Davis, CA
    Any recent experiences with upgrades and/or retros?
     
  20. clsmit

    clsmit Tug Review Crew: Rookie TUG Member

    Joined:
    Mar 14, 2008
    Messages:
    1,249
    Likes Received:
    6
    Trophy Points:
    248
    Location:
    Solon, OH (for love not the weather)
    Resorts Owned:
    WSJ, HRA, WKORV, WMH, SBP, WLR
    In Maui they are buying back selected properties to upgrade into WKRORV/N but a pretty substantial additional payment is required (~$75K (not in finance, don't use M for 000). As the remaining original inventory (WLR, WDW, SVV) decreases they will continue to try to get inventory through a variety of means.
     
  21. boisebruin

    boisebruin Guest

    Joined:
    Jan 4, 2011
    Messages:
    38
    Likes Received:
    11
    Trophy Points:
    68
    Just returned from WKORVN update

    they are still doing the retro, except my sales lady called it legitimizing my resale purchase. They would give you full rights for the resale week if you bought any unit there, including EOY 1bedroom or lagunamar at $29K. It would take me to 3* elite, which I'm not sure helps me that much. It would basically give me SPG points. Not sure it's worth buying from the developer.
     
  22. DeniseM

    DeniseM Moderator

    Joined:
    Jun 6, 2005
    Messages:
    53,207
    Likes Received:
    2,739
    Trophy Points:
    1,499
    "Legitimizing" :hysterical: What a load of do-do! :rolleyes:

    Don't do it - 3 Star Elite has no real value. Unless you are going clear to 5 Star Elite, there is no reason to buy from the developer.



    *If you are a newbie that stumbled upon this thread, please note that it is from 2006, and the "requalifying" rules have changed significantly.
     
  23. Ken555

    Ken555 Tug Review Crew: Rookie TUG Member

    Joined:
    Jun 7, 2005
    Messages:
    9,717
    Likes Received:
    638
    Trophy Points:
    398
    Location:
    Los Angeles
    Resorts Owned:
    Westin Kierland
    Sheraton Desert Oasis
    I agree with Denise, but I'd use a different four letter word to describe it.
     
  24. ada903

    ada903 TUG Member

    Joined:
    Oct 26, 2008
    Messages:
    3,548
    Likes Received:
    19
    Trophy Points:
    273
    I am not sure if this is old news or new news, but a friend of mine who is at Lagunamar said they are now offering upgrades cross-property - so you can upgrade from Vistana Villages to Lagunamar, for example. Not all properties are eligible, it seems. They also still do the retro of existing properties with an upgrade purchase, including the "cross-property" upgrades.
     
  25. KACTravels

    KACTravels TUG Member

    Joined:
    May 8, 2011
    Messages:
    252
    Likes Received:
    94
    Trophy Points:
    138
    Location:
    Greater Seattle Area
    Yes, at Lagunamar last week they offered us a "potential cross property" upgrade for our EOY WPOR - but they wanted $30K new money and would have sold us an Annual WLR and Even EOY WLR. They also said the "cross property" deals had "business rules" and they were not sure if the specific offer would be approved.
     

Share This Page