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Total rookie - is this a good deal?

Discussion in 'Vistana Signature Experiences (formerly Starwood)' started by Cogal414, May 16, 2018.

  1. Cogal414

    Cogal414 Guest

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    I've been trying to educate myself, and would love some input on this resale possibility.

    I'm looking at a 2br at Sheraton Vistana Villages, annual usage, in one of the mandatory phases, 81,000 staroptions annually. Sale price is $75, and MF are around $1400. We would most likely try and use it for trading primarily, and keep an eye out for another unit at some point. Is this a good deal?
     
  2. Markus

    Markus TUG Member

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    Great deal if it is as described. These have been seling closer to $1500 lately.

    Markus
     
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  3. DannyTS

    DannyTS TUG Member

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    you have to check the details. I have seen too many ads that were wrong, in many cases I suspect intentionally. Many brokers post weeks they do not have just to have a list of people who are interested in a certain resort.
    You also have to consider the total cost. I have seen low listing prices with high closing fees and high listing prices with low closing fees.
    Of course, there are other details to consider like reimbursement of the current maintenance fees and first year of usage.
     
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  4. vacationtime1

    vacationtime1 TUG Member

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    The best way to verify details such as unit season, size, usage, maintenance fees, and whether maintenance fees have been paid is an estoppel -- which Vistana calls a "Resale Information Sheet". I received and approved it on each of my purchases.
     
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  5. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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    Sounds like it could be a Gold/High season 2BR lock off. Those are less desirable because of the higher MF and the same number of StarOptions as the 2BR dedicated units.
     
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  6. Cogal414

    Cogal414 Guest

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    Thanks for the input. It is for sale by a the owner, not a broker, and in communication so far he seems pretty honest, although also fairly clueless, like me! I am going to request the resale info sheet next.
     
  7. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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    I don't think it is as easy to get a Resale Information Sheet. This is usually requested by the closing agent on behalf of the seller. I know that with LT Transfers, you have to sign a release form so they can request it. They also want the buyer to pay a non refundable $50 deposit upfront before they start the closing process. A buyer can't just request it from Vistana and most sellers wouldn't know where to start to even request one. If you know the unit and week number, you can pretty much figure it out on your own, or with my help :)
     
  8. Cogal414

    Cogal414 Guest

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    The seller is indeed having trouble getting the info sheet from Vistana. "We don't assist with resale," is what they said. Any advice?
     
  9. VacationForever

    VacationForever Tug Review Crew: Rookie TUG Member

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    Can you get the seller to screen print from their account? Also, if you decide to proceed you get a closing company like lttransfers.com, they should be able to request for the information sheet from Vistana just to confirm before proceeding. Based on my memory, LT Transfers requires a small non-refundable amount to be paid for the initial legwork.
     
  10. TravelTime

    TravelTime TUG Member

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  11. jhac007

    jhac007 TUG Member

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    As mentioned above the owner should be able to show you their account. Also they could send you their last MF statement and/or deed.
     

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