For this guide on Selling Starwood Vacation Network timeshares, RedWeek has teamed up with Don & Diane Nadeau, Broker/Owners of Timeshare Broker Sales in Tampa, Florida. If you pick out to do it your self, is the biggest on line marketplace for timeshare, with over 2.5 million subscribers. Memberships get started at $18.99 annually, and you can promote your resale for $59.99 for up to 12 months. You can advertise your points directly on the Starwood Holiday Ownership page (make confident to note your residence resort), or add a resale posting straight to your SVN home resort’s web page (generating positive to note the points allotment, if applicable).
Starwood offers the Starwood Preferred Guest System This makes it possible for owners to exchange their StarPoints for hotel stays at Westin and Sheraton hotels or for travel perks such as airline miles and vehicle rentals. Purchasers of Starwood timeshare as a resale are not eligible to exchange their timeshare in this system, but they can—just like any other Starwood hotel guest—join the plan and take benefit of its other perks. By performing this, they get all the benefits of the Starwood Preferred Guest System that any member who is not also a Starwood timeshare owner, receives.
As a enterprise, Starwood involves numerous brands on each the hotel side and the vacation ownership side. Starwood timeshares contain resorts below the brands Westin, Sheraton, St. Regis, along with brand affiliation with Four Points, Aloft, Components, Le Méridien, and The Luxury Collection – Hotels & Resorts. And one particular the most effective-recognized resorts in the Starwood holiday ownership family is not usually recognized promptly by customers as being portion of the brand, the Harborside Resort at Atlantis , situated in the Bahamas.
And here is the most essential distinction of all for timeshare buyers of Starwood resales. When you buy a timeshare on the secondary market place, you save thousands and thousands of dollars more than the price of getting straight from the developer. You enjoy the similar timeshare resorts and all the identical fabulous amenities, however as a customer savvy sufficient to obtain on the resale market, you will be enjoying that vacation with no the cost burden of ongoing timeshare financing and with a LOT much more money still in your pocket.
Commissions vary by broker, and this amount will want to be discussed with you when you determine on the listing price tag for your ownership, and will be integrated in your listing agreement. You will not, and should really not, spend any broker or agent a promoting charge or commission till they have sold your timeshare. Starwood owners who obtain on the secondary market place (a resale timeshare) can not turn into Elite Owners.” This distinction is reserved for owners of many Starwood timeshares, that were bought straight via Starwood. In some cases, even this does not apply, as Starwood has been known to re-qualify resale weeks for resale owners who later invest in far more timeshare directly from Starwood.
Know how your names are shown on your deed, your home resort name, unit/week number, season, fixed or float week, annual or biennial usage, the very first year your timeshare is accessible for use, and any banked StarOptions you are permitted to transfer with the sale. But prior to we discover StarOptions, let’s appear at Starwood Holiday Ownership resales that are not component of the StarOptions system. With these resales, you can, from up to a single year or inside eight months of your getaway, and with a fixed or floating week, confirm your holiday week at your residence resort prior to these dates becoming offered to other people for timeshare exchange.
Undertaking it oneself, as with the sale of a residence, is cheaper, but a lot more difficult. You can quickly advertise your timeshare on your own, but once you come across a buyer, the true exciting starts. But there is a easy way to get about the caveat if you own a Starwood resale or are contemplating obtaining Starwood timeshare resales and you want to obtain a timeshare at a single of the other stunning Starwood resorts (not one particular of these 5), however nonetheless exchange for vacations at other Starwood destinations.
You can test your timeshare’s worth on lots of Net web sites, including , which delivers the biggest on line marketplace for resales. Price will generally rely on size of unit, view, place, season, and usage (annual or EOY). For Starwood owners, the allotment of points and dwelling resort are the most essential components. Preserve in thoughts, a fast check of rates on will show what prices other owners are listing their timeshares for — but not necessarily what they sold them for. RedWeek’s What’s My Timeshare Worth tool will plot historical listing costs for each and every resort, along with actual sales costs, as out there.
If you do not want to ‘go it alone’, then you must employ a licensed genuine estate broker/agent who specializes in timeshare resales. A licensed broker will conduct a background verify on recent sales to establish what comparable timeshares have sold for during the past six months, set up your listing and distribute it on the MLS, carry out the etoppel with Starwood, and arrange the most effective closing solutions.
And right here is the most essential distinction of all for timeshare purchasers of Starwood resales. When you acquire a timeshare on the secondary industry, you save thousands and thousands of dollars over the cost of shopping for straight from the developer. You enjoy the exact same timeshare resorts and all the similar fabulous amenities, yet as a consumer savvy enough to obtain on the resale industry, you will be enjoying that holiday with out the expense burden of ongoing timeshare financing and with a LOT extra money nonetheless in your pocket.