Best SVV for 1 bdrm SO trades

[CalGalTraveler]

Tempted to pick up an inexpensive SVV trader for SOs before Mother Marriott takes over. (Yes, I know programs can change, but minimal $ at risk).

Questions:

1) What's better 44k annual (1 bdrm)? or 81k EOY (2 bdrm)? or 97.5k (2 bdrm LO)?

2) Because we own an EOY Odd (on Maui which we will rarely convert to SOs) if we buy SVV Even EOY (Bella or Key West), will this enable us to borrow into the Odd year prior because we already own EOY Odd on Maui? In other words, it is based on my account SO/years owned overall instead of the actual ownership year of the unit purchased; for SVV Odd EOY we would be prevented from borrowing because we don't own an Even year but it would work if we purchased an SVV Even because we already own an Odd year VOI. Is this assumption correct?

3) Is borrowing all or nothing in terms of SOs? Instead of EOY, if we buy an annual will we have to use all the borrowed SOs in year 1? or can we use left over in year 2? i.e. 44k + 37k borrowed = 81k with 7k left over from borrowing. Is there a banking fee for the leftover 7k if it is originally borrowed from the future year?
a) Can I then bank the 7K in year2 to be combined with 44k in year 3 and then borrow from year 4 to get to 81k in year 3? What's the fee for banking points?

4) How do the options in the polls compare in terms of expected resale price and MF/point?


Sorry for the length, just trying to figure this out.

 

[vacationtime1]

I would instead focus on how many SO's you need to go where you want to go. Buy what you need and no more; banking fees are high ($109, regardless of how few).

If you want one bedroom units and want to visit Hawaii with your SO's, you will need 81000 of them. If you want to visit Palm Desert in November or Cancun in January (good times to visit), you need only 44000.

if it were me, I would buy the 81000 eoy SVV Bella unit because it would get me 7 days in Hawaii or 13 days at WMH or Cancun, but ymmv.

 

[dioxide45]

The last two can't be purchased resale.

 

[sjsharkie]

Tempted to pick up an inexpensive SVV trader for SOs before Mother Marriott takes over. (Yes, I know programs can change, but minimal $ at risk).

Questions:

1) What's better 44k annual (1 bdrm)? or 81k EOY (2 bdrm)?

2) Because we own an EOY Odd (on Maui which we will rarely convert to SOs) if we buy SVV Even EOY (Bella or Key West), this will enable us to borrow into the Odd year prior because we already own EOY Odd? In other words, if we buy SVV Odd EOY, then we would be prevented from borrowing because we don't own an Even year but it would work if we purchased an SVV Even. Is this assumption correct?

3) Is borrowing all or nothing in terms of SOs? Instead of EOY, if we buy an annual will we have to use all the borrowed SOs in year 1? or can we use left over in year 2? i.e. 44k + 37k borrowed = 81k with 7k left over from borrowing. Is there a banking fee for the leftover 7k if it is originally borrowed from the future year?
a) Can I then bank the 7K in year2 to be combined with 44k in year 3 and then borrow from year 4 to get to 81k in year 3? What's the fee for banking points?

4) How do the options in the polls compare in terms of expected resale price and MF/point?


Sorry for the length, just trying to figure this out.

1. The cost per point will most likely be lower with the EY 1br - I calculated it at one time once upon a time and I doubt they have changed significantly. I dont know what the EOY 2br mf is but I did post the EY breakdown in another thread that you can search for.

2. I am almost certain that EOY even can only borrow into even years regardless of what other intervals you own.

3. You can borrow only what you need. Someone will have to answer your other borrow and banking scenarios as I have not done that.

Ryan

Sent from my SM-G965U using Tapatalk

 

[CalGalTraveler]

The last two can't be purchased resale.

??? One bdrm premiums were listed on the points charts. Do you mean that 1 bedroom premiums units don't exist in Bella and Key West but exist in other voluntary phases on the chart?

 

[dioxide45]

2. I am almost certain that EOY even can only borrow into even years regardless of what other intervals you own.

If you own even, you can only borrow in to even years. Same for Odd, you can only borrow in to odd. It also means you have to pay two years worth of MFs to borrow.

 

[dioxide45]

??? One bdrm premiums were listed on the points charts. Do you mean that 1 bedroom premiums units don't exist in Bella and Key West but exist in other voluntary phases on the chart?

They exist on the points chart because at SVV Bella and Key West they have two bedroom and three bedroom lock off units. The 2BR lock off consists of a 1BR Premium and a 1BR. Vistana never sold the individual parts of the 2BR lock off. They only sold the 2BR lock off as a 2BR lock off. So you can't buy that 1BR Premium unit. If you buy a 1BR, you can only buy the Prime/Platinum season 44,000.

 

[CPNY]

Tempted to pick up an inexpensive SVV trader for SOs before Mother Marriott takes over. (Yes, I know programs can change, but minimal $ at risk).

Questions:

1) What's better 44k annual (1 bdrm)? or 81k EOY (2 bdrm)?

2) Because we own an EOY Odd (on Maui which we will rarely convert to SOs) if we buy SVV Even EOY (Bella or Key West), will this enable us to borrow into the Odd year prior because we already own EOY Odd on Maui? In other words, it is based on my account SO/years owned overall instead of the actual ownership year of the unit purchased; for SVV Odd EOY we would be prevented from borrowing because we don't own an Even year but it would work if we purchased an SVV Even because we already own an Odd year VOI. Is this assumption correct?

3) Is borrowing all or nothing in terms of SOs? Instead of EOY, if we buy an annual will we have to use all the borrowed SOs in year 1? or can we use left over in year 2? i.e. 44k + 37k borrowed = 81k with 7k left over from borrowing. Is there a banking fee for the leftover 7k if it is originally borrowed from the future year?
a) Can I then bank the 7K in year2 to be combined with 44k in year 3 and then borrow from year 4 to get to 81k in year 3? What's the fee for banking points?

4) How do the options in the polls compare in terms of expected resale price and MF/point?


Sorry for the length, just trying to figure this out.

I bought an EOYO 2 bedroom 81K Bella and an annual 2 bedroom Key West at 81K (just sent the fedex with the signed paperwork to closing company today) I’d go the 2 bedroom route, the one bedroom 44k star options are hard to come by. I also have a 95,700 lockout key west. Not sure if I keep that or not.

 

[CalGalTraveler]

I bought an EOYO 2 bedroom 81K Bella and an annual 2 bedroom Key West at 81K (just sent the fedex with the signed paperwork to closing company today) I’d go the 2 bedroom route, the one bedroom 44k star options are hard to come by. I also have a 95,700 lockout key west. Not sure if I keep that or not.

Thanks for the info. I am curious, why wouldn't you keep the 95,700 lockout?

Would you mind sharing how the MF on the units compare?

 

[CalGalTraveler]

They exist on the points chart because at SVV Bella and Key West they have two bedroom and three bedroom lock off units. The 2BR lock off consists of a 1BR Premium and a 1BR. Vistana never sold the individual parts of the 2BR lock off. They only sold the 2BR lock off as a 2BR lock off. So you can't buy that 1BR Premium unit. If you buy a 1BR, you can only buy the Prime/Platinum season 44,000.

Thanks! That makes sense. FYI...I tried to remove those 1 bdrm premium options from the poll but the system won't let me.

 

[CPNY]

Thanks for the info. I am curious, why wouldn't you keep the 95,700 lockout?

Would you be willing to share the MF on these different 2 bdrm units?

I would keep it. But I don’t need all these weeks lol. I booked a spring break week next year so wouldn’t sell it until 2021. That year I’ll have 162k SO Plus 95,700 (if I keep it). That’s more than enough for me. Ideally. 81K is enough. But I do like the lockout for splitting and depositing in II and still using 51,700 SO for a week at the Atlantis

1500 for lockout
1200 for 2 bedroom

 

[ski_sierra]

I feel like 2x SVV 1 BR small with 44k SO would be the one with the lowest risk for you since you are already paying the VSN fee with your Westin week.

I was thinking about going that route but avoided it as I feel that SO availability will decrease with the Marriott merger. I don't have any VSN weeks so I'd have to pay $145 each year. So I have decided not to pursue the arbitrage opportunity until things become more clear.

I think the upside could be SVV gets Marriott preference in II. So it would be a great source of deposits for 2 and 3 BR Marriott trades. Marriott deposits a lot of 2 BR unlike Vistana. But that could change too.

Too many variables and analysis paralysis for me.

 

[CPNY]

I feel like 2x SVV 1 BR small with 44k SO would be the one with the lowest risk for you since you are already paying the VSN fee with your Westin week.

I was thinking about going that route but avoided it as I feel that SO availability will decrease with the Marriott merger. I don't have any VSN weeks so I'd have to pay $145 each year. So I have decided not to pursue the arbitrage opportunity until things become more clear.

I think the upside could be SVV gets Marriott preference in II. So it would be a great source of deposits for 2 and 3 BR Marriott trades. Marriott deposits a lot of 2 BR unlike Vistana. But that could change too.

Too many variables and analysis paralysis for me.

THe one bedroom units are very hard to come by. With that being said, I don’t see MVC making drastic changes to the SO chart. Buying mandatory deeds now might be a good options since with the deed back program, many have been giving back mandatory weeks and being sold into buying flex for more money on their owners updates. I’m sure there are much less mandatory SVV deeds out there than there was a few years ago. I was offered 25K equity for my mandatory SVV to buy into flex. But knowing what I have I didn’t take the bait. I wouldn’t give my mandatory deed back for a voluntary one, all while adding on a mortgage and increasing my annual fees. However some other people may do just that. Where is the upside in that?

 

[sjsharkie]

If you buy a 1BR, you can only buy the Prime/Platinum season 44,000.

They sold 1BR Gold Plus as well. I own one interval.

-ryan

 

[pchung6]

They sold 1BR Gold Plus as well. I own one interval.

-ryan

1 BR SVV Gold Plus is easier find than Platinum. I've been looking 44k Platinum for a while, but still couldn't find one with a reasonable price.

 

[sjsharkie]

1 BR SVV Gold Plus is easier find than Platinum. I've been looking 44k Platinum for a while, but still couldn't find one with a reasonable price.

It is weird. When I picked up my multiple 1BR Plat SVV units, they were much easier to find. I think a lot of people did not want to end up with an odd number of options at the time, so the advice was to pick up the 81K. Plus, I believe SVR or SVV had gone through a special assessment a few years prior to my purchase, and people were scared of being stuck with assessments holding multiple intervals.

Who knows. But what I do know is that maintenance fees are somewhat in proportion to square footage (between 1BR dlx and 1BR prem) -- often times the premium can be 50% bigger and contains more expensive appliances (full range/full fridge) so it makes sense. However the SOs are only about 20% less for the deluxe.

-ryan

 

[dioxide45]

They sold 1BR Gold Plus as well. I own one interval.

-ryan

You are right, they did sell the two seasons. I was trying to point out that they never sold a 1BR High/Gold 44K or 1BR Prime/Plat 51K. Thanks for clarifying that they did sell the 1BR High/Gold that was 37,000

 

[CalGalTraveler]

Do maint fees differ between Bella or Key West? Any other reasons to pick a LO unit in one building or the other? Are either of these phases due for assessments? Is one more preferred than the other by guests? We will trade but may use it in a blue moon.

 

[dioxide45]

Do maint fees differ between Bella or Key West? Any other reasons to pick a LO unit in one building or the other? Are either of these phases due for assessments? Is one more preferred than the other by guests? We will trade but may use it in a blue moon.

No major differences in MFs, though I think Key West may be a little lower. Overall, given how slip the pickings are, if you want one don't be too picky. Neither are due for an assessment. Key West just had a complete villa refurbishment in the last two years. It doesn't matter what you own, if you are staying there they can place you any section of the resort.

 

[CPNY]

Do maint fees differ between Bella or Key West? Any other reasons to pick a LO unit in one building or the other? Are either of these phases due for assessments? Is one more preferred than the other by guests? We will trade but may use it in a blue moon.

Did you get the eBay key west last night? It went for 921

 

[pchung6]

Did you get the eBay key west last night? It went for 921

Wasn't the eoy 81k key west last night also had 2019 MF included for 2020 usage? 921 + 425 closing = 1346 was not a bad price at all.

 

[dioxide45]

Wasn't the eoy 81k key west last night also had 2019 MF included for 2020 usage? 921 + 425 closing = 1346 was not a bad price at all.

So it ended up working out to be $746 all in if you subtract out the 2019 MF.

 

[buzglyd]

Thanks for the info. I am curious, why wouldn't you keep the 95,700 lockout?

Would you mind sharing how the MF on the units compare?

I researched both and ended up with EOY Bella 81k. The 95,700 lock off is about $300 more a year in Maintenance fee. 81k goes a long way for me because it's just the two of us and we can travel in 1br in Gold Season.

 

[pchung6]

So it ended up working out to be $746 all in if you subtract out the 2019 MF.

It's one of the best price in a while. The annual 81k usually goes at least $1500-2000 + closing without MF portion.

 

[CPNY]

So it ended up working out to be $746 all in if you subtract out the 2019 MF.

Considering it was 2020 usage I would expect maint fee to be paid for 2019 since we are heading into August.