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Please post Starwood ROFR transactions here (ONLY)

Discussion in 'Vistana Signature Experiences (formerly Starwood)' started by DeniseM, Aug 5, 2013.

  1. Bobw

    Bobw TUG Member

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    Location:
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    WKORV
    WMH
    WLM
    What is the average sales commission brokers charge for resales?
     
  2. celica7101

    celica7101 TUG Member

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    My understanding is that it’s ~15% or so split 50-50


    Sent from my iPad using Tapatalk
     
  3. taterhed

    taterhed TUG Member

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    I've seen it listed typically is 10% of the sales price with a minimum commission charged. I also think many of the minimum commission's run in the 1000 to $1, 500 range. This is been in my experience with several Marriott and Westin purchases And I sale

    Tater on my Note8 tapatalk
     
  4. celica7101

    celica7101 TUG Member

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    Westin Ka'anapali Ocean Resort Villas North - WKORVN

    Vistana waived ROFR on WKORV/N Oceanfront Annual / $24,000 (8/10)
     
    Last edited: Aug 28, 2018
    Ken555 likes this.
  5. taterhed

    taterhed TUG Member

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    Nice. I know you were looking for one, congrats. If you're there in Jan or Feb of 2020, let's have a cocktail!
     
    celica7101 likes this.
  6. md8287

    md8287 TUG Member

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    Vistana exercised ROFR on WKORV OV Annual for $10,000
     
    psfcfa likes this.
  7. taterhed

    taterhed TUG Member

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    Great price...I'm guessing that would have taken $12-13k to pass minimum....

    Sent from my KFDOWI using Tapatalk
     
  8. celica7101

    celica7101 TUG Member

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    "Exercising ROFR" is always a weird phrase to me. It was in my ROFR waiver letter, but "exercising" to me suggests that they are stepping in as buyer, not electing to skip the purchase.
     
  9. md8287

    md8287 TUG Member

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    When I said Vistana “exercised” their ROFR at $10,000 I mean they stepped in as buyer on that deal. The took the deal, the seller got fully paid but the buyer got simply a refund of their deposit.
     
  10. md8287

    md8287 TUG Member

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    That is what I am thinking too. Next time i’ll try to pay at the low end of your guess.
     
  11. tborr123

    tborr123 TUG Member

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    Is there rhyme or reason on when Vistana will exercise their ROFR, especially as between a WKORV OFC unit and an OV unit?
     
  12. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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    Okay, it has finally arrived. I have added Vistana to the ROFR.net database. For now, I have only added the properties where Vistana has right of first refusal;
    • Westin Princeville Ocean Resort Villas
    • Westin Ka'anapali Ocean Resort Villas
    • Westin Ka'anapali Ocean Resort Villas North
    • Westin Nanea
    • Westin Mission Hills Resort & Villas

    If when attempting to add an entry, you are unable to do so because the Resort/Season/Unit Type combination is not present please let me know and I can add it to the database.

    www.rofr.net
     
  13. EnglishmanAbroad

    EnglishmanAbroad Guest

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    I think that is the idea of this thread, to try and establish if there is rhyme or reason so buyers and sellers can go into transactions knowing what they might be up against.
     
  14. CalGalTraveler

    CalGalTraveler TUG Member

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    Thanks @dioxide45. Just added the first entry for Vistana WKORVN EOY OF. Passed ROFR for $12,000 in Dec 2017.
     
    taterhed and dioxide45 like this.
  15. FamilyEsq

    FamilyEsq TUG Member

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    Westin Kaanapali Ocean Resort Villas
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    Vistana waived their ROFR on a WKORV Ocean View EOY Even at 7000.00. This is my first timeshare purchase. My family and I are very excited.
     
  16. Grandma2016

    Grandma2016 Guest

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    Last year purchased week 52 OF WKORVN 30k and week 52 OV South 30k.
     
  17. FamilyEsq

    FamilyEsq TUG Member

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    Vistana exercised ROFR on WKORVN Ocean Front EOYE at $8000.00. I was so looking forward to getting this. Oh well, I will keep looking.
     
  18. taterhed

    taterhed TUG Member

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    Yeah, as we chatted; I think that one was about $2-3k minimum too low to pass....good try though.
     
    FamilyEsq likes this.
  19. dsmrp

    dsmrp TUG Member

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    Just curious, does the number of Westin Hawaii units for sale seem higher than usual now?
    Perhaps the merger is affecting more owners to want to sell?
    Because they think they can later get Maui Kaanapali stays with DC points??
    Or think Marriott will raise MFs?
    Or don't like Marriott?
    Or <name your reason here>?

    I'm not looking to buy Hawaii...just interested in patterns and trends :)
     
  20. CalGalTraveler

    CalGalTraveler TUG Member

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    My SWAGs:

    1) Seasonality: I have noticed that more units come available after summer is over. Most likely after owners have used one last time, and MF for 2019 are due soon. Sept. is a good time to unload.

    2) It is has been just over 10 years since WKORV/N were built. Many 10 year developer loans have now been paid off so owners are free to sell. Perhaps owners are tired of high MF burden, or would like to do something else and decide to sell because the economy is good making now a good time to exit because they could be "stuck" for a few years during the next downturn.
     
  21. mauitraveler

    mauitraveler TUG Member

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    Dear all Tuggers,
    Sorry in advance for any confusion, if you are looking at rofr.net's info about WKORV OV. I inadvertently entered the incorrect year (11/30/2018!). I've asked dioxide45 to remove that addition, if possible. In the meantime, I entered the correct year as another entry. Again, sorry for "auto-pilot" entry of the wrong year! CJ
     
  22. FamilyEsq

    FamilyEsq TUG Member

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    Westin Kaanapali Ocean Resort Villas
    Westin Kaanapali Ocean Resort Villas North
    Westin has waived ROFR on WKORVN Ocean Front EOYE at $9000.00. We structured the transaction to add the 2019 maintenance fees to the purchase price for a total offer of $10,477 with the Seller paying 2019 maintenance fees.

    This is my second purchase with SMTN. The first purchase was WKORV OV EOYE for $7000.00. I have a great broker named Zach who has put in offers that were 25 to 50% of the listing price.

    My family and I cannot wait to start vacationing in Maui. Thank you all (especially Taterhed) for all of your help and advice.
     
  23. Maui_ed

    Maui_ed TUG Member

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    Congratulations. Maui is magical. Enjoy your travels!
     
    FamilyEsq and Moparman42 like this.
  24. taterhed

    taterhed TUG Member

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    Thank you for the kind word and congrats. I look forward to having a chat/drink at WKORV/N some year!! If not, then I hope you have many years of enjoyment with family and friends!
    cheers.
     
    Anne&Jim and FamilyEsq like this.
  25. DavidnRobin

    DavidnRobin TUG Member

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    WSJ-VGV (St. John)
    WKV (Scottsdale)
    Congrats. I got involved with TUG (2005) that led to our recession of WKORVN OF for...
    $75,000 !!!
    Yikes! Think of all those poor folks that never researched, or were too late for the recession period.
    We have certainly met many families that have regrets - especially last Sept with the WKORVN pool closure.
     

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