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Re: Important Update Affecting Resale Purchasers (by Larry R.):
You claim the refurbishment fee adds value to the resale of your unit. Nothing could be further from the truth. In fact it is the exact opposite.
Since the imposition of these crazy fees, Vistana red weeks have been reduced to the point where owners will be lucky to break even after paying closing costs and commission.
On EBAY, unit weeks sell for about $1000 or less not including closing fees.
Vistana has become a worthess purchase because of the fee trap they have imposed. Who wants to own anything where they can say you owe thousands more for anything they concoct at any time?
Your investment in Vistana is basically worthless unless you want to go to Vistana and only Vistana. You can purchase a red week at many national RCI resorts for less than Vistana's fees, and exchange to Vistana any time you want.
SVO Management also pulled a fast one accelerating the due date for the maintenance fee to January 1 from July 1.
For the years in question, you will pay approximately $1400 to $1600 in fees, for one week!! If you don't use your exact week, you will pay an RCI exchange fee of $159. Add in the RCI dues of $89 and you have a one week vacation condo in Florida for the low price of nearly $1900!!
You can get an all inclusive at Sandals in Jamaica for that. The idea of owning the time share was supposed to be to save you money. Now there are scam organizations that ask $1000 up front to sell your condo for you, and people pay it out of desperation.
Vistana is no investment. Since SVO took over, it is a bottomless pit, and don't be surprised if more exhorbitant fees start popping up real soon.