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Original Message:
Re: Sheraton Star Options??? (by Wendy R.):
libby31 wrote:wendy103 and all, There are some resorts on both lists. Where did you verify your information from? Are the "voluntary" resorts ones that you can exercise the $600 option if you buy a resale? Does anyone here ever try to exchange their unit using star options? What is the success rate? Where do you own? Did you buy from the developer? Are Star Points worth the extra cost of buying from the developer?We are considering a purchase from Sheraton and are trying to do our due diligence.
Thanks
I spoke with a Sales Agent with the Starwood Vacation Network (SVN) and two other timeshare realtors. I am currently trying to purchase so have been doing my homework. You can call the sales agent yourself...just google the SVN site and there is a 1-800 # to call. The guy I spoke with was very helpful.
I do not know anything about a $600 fee to get access to the StarOptions. If you buy in a "voluntary" resort, you do not get to use your StarOptions at other SVN resorts. If you buy at a "mandatory" resort, you CAN use your StarOptions at other resorts but it is my understanding that there is a $99 fee to do this (not sure if this is an every year fee or an initial fee when first purchasing resale.)
As far as I know, the only way to get access to StarPOINTS (not StarOptions) is to purchase through the developer. StarPOINTS can be used for hotel nights, etc.
As I said, I am currently trying to buy in a "mandatory" resort. The Developer's resale unit (currently had no inventory) for what I wanted cost $25,900. I can get the same thing resale for about half that.
Also, buying into a mandatory resort will provide you a better resale value since the StarOptions can transfer to the new owner.
It is a good deal to buy resale but you have to really research it thoroughly to understand what you are getting.