ROFR metric / Ongoing ROFR Activity

[Chucez]

Marriott Kauai Beach Club passed $1…+ transfer fees

 

[dioxide45]

Marriott Kauai Beach Club passed $1…+ transfer fees

What size unit?

 

[Chucez]

What size unit?

1 Bedroom lockoff Platinum Ocean Front

 

[vacationtime1]

Marriott Kauai Beach Club passed $1…+ transfer fees

1 Bedroom lockoff Platinum Ocean Front

Too bad. The loss of value is a result of recent increases in MF's which now exceed the use value. We sold the identical unit for $5,700 in 2000 (and Marriott exercised ROFR and took the unit at the $5,700 price).

 

[Chucez]

Got the Financial report, seems they are losing money. No Wonder why Marriott sold off part of the resort to Sonesta?

 

[chris1278]

When I look at destination points on rofr.net the pass/fail seems almost random. Sometimes they fail at $2 or 3 p/p and pass at $1.50.

Is there a trend? Or do we just have to try and see?

 

[Dean]

When I look at destination points on rofr.net the pass/fail seems almost random. Sometimes they fail at $2 or 3 p/p and pass at $1.50.

Is there a trend? Or do we just have to try and see?

It is likely more due to how it was worded on the submission than anything else

 

[SkyBornDancer]

MVC Maui Villas 2B OF failed to pass $32,650 (Total includes buyer paying for 1,150 closing costs)

 

[dioxide45]

MVC Maui Villas 2B OF failed to pass $32,650 (Total includes buyer paying for 1,150 closing costs)

Is this the old or new section?

 

[SkyBornDancer]

Is this the old or new section?

New section. My understand is Lahaina and Napili Villas are new section, while Molokai, Maui and Lanai Towers are old. This is why I used the term Villas vs Towers

 

[SkyBornDancer]

MVC Maui Villas 2B OF (newer section) failed to pass $33,150 (Total includes buyer paying for 1,150 closing costs)

 

[WahooWah]

MVC Maui Villas 2B OF (newer section) failed to pass $33,150 (Total includes buyer paying for 1,150 closing costs)

You should post these on ROFR.net

 

[Wanderlustgrl]

It is likely more due to how it was worded on the submission than anything else

How should it be worded? We have our points listed currently. Is there a special trick to get them past marriott?

 

[Dean]

How should it be worded? We have our points listed currently. Is there a special trick to get them past marriott?

I'm not well versed in how to word this to get by but the premise I've seen, including my recent purchase, was they inflated the price with seller bringing money to the table at closing. I'm not sure why that would matter but it did seem to as the purchase was borderline making it through ROFR otherwise.

 

[Wanderlustgrl]

I'm not well versed in how to word this to get by but the premise I've seen, including my recent purchase, was they inflated the price with seller bringing money to the table at closing. I'm not sure why that would matter but it did seem to as the purchase was borderline making it through ROFR otherwise.

Hmmm ok. Do you know why when I go to the website it show transaction from the future? Shows 2026 or nov 2025. Am I reading it wrong. We listed at $2.50 for 3500 pts. Hope they sell before maintenance is due

 

[dioxide45]

Hmmm ok. Do you know why when I go to the website it show transaction from the future? Shows 2026 or nov 2025. Am I reading it wrong. We listed at $2.50 for 3500 pts. Hope they sell before maintenance is due

Someone probably typed that in wrong. It is pure manual entry.

 

[TXTortoise]

MVC Maui Villas 2B OF failed to pass $32,650 (Total includes buyer paying for 1,150 closing costs)

See lots of these posted by Redweek brokers in the old $32-33K passing range that are almost guaranteed to be taken. Lahaina/Napili 2BR OF units are passing at $37-38K. I assumed agent is useless or seller just wants to find a buyer so they can get out of the unit. Way too many nice units going back to MVCI.

 

[WahooWah]

See lots of these posted by Redweek brokers in the old $32-33K passing range that are almost guaranteed to be taken. Lahaina/Napili 2BR OF units are passing at $37-38K. I assumed agent is useless or seller just wants to find a buyer so they can get out of the unit. Way too many nice units going back to MVCI.

100% agree. A broker isn't fullfilling their fiduciary responsiblity if they are advocating listing at these prices unless the seller is insistent on it getting sold. It is a shame that too many of these deeds are making their way to the trust.

This is one of many reasons a potential seller should be very cautious if they are considering using Redweek's full service. They don't know anything about the properties themselves or any nuances associated with reselling them and, thus, provide bad advice to sellers. The also have neither the knowledge nor the expertise to properly convey anything of value to potential buyers. They are interested in getting listings for as low of a price as they can so that they will sell and churn out transactions and make profits for themselves, period.

 

[Chucez]

100% agree. A broker isn't fullfilling their fiduciary responsiblity if they are advocating listing at these prices unless the seller is insistent on it getting sold. It is a shame that too many of these deeds are making their way to the trust.

This is one of many reasons a potential seller should be very cautious if they are considering using Redweek's full service. They don't know anything about the properties themselves or any nuances associated with reselling them and, thus, provide bad advice to sellers. The also have neither the knowledge nor the expertise to properly convey anything of value to potential buyers. They are interested in getting listings for as low of a price as they can so that they will sell and churn out transactions and make profits for themselves, period.

So, what do you suggest?

 

[WahooWah]

So, what do you suggest?

Using a broker who knows what they are doing.

 

[tomvc]

$2.75pp taken by MVC.

 

[Chucez]

$2.75pp taken by MVC.

It’s either hit or miss, or Marriott is upping the stakes.

 

[dioxide45]

It’s either hit or miss, or Marriott is upping the stakes.

I am not sure they are upping the stakes. It has been pretty well known that to get something to pass you need to be looking at prices over $3 pp.

 

[Chucez]

I am not sure they are upping the stakes. It has been pretty well known that to get something to pass you need to be looking at prices over $3 pp.

Some have stated passing at $1-2, so I guess it’s hit or miss… I’m not a points guy. Hard enough booking with Marriott straight away. It’s not easy anymore.

 

[dioxide45]

Some have stated passing at $1-2, so I guess it’s hit or miss… I’m not a points guy. Hard enough booking with Marriott straight away. It’s not easy anymore.

I only see a few that show on rofr.net as passed at $2. However, it can be hard to truly know if the values on rofr.net are what was actually submitted to Marriott.