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ROFR metric / Ongoing ROFR Activity

Discussion in 'Marriott Vacation Club' started by GregT, May 5, 2015.

  1. Bruyerebrit

    Bruyerebrit TUG Member

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    They took it back - I was the hopeful buyer! And on the second try too with another week at $100 higher! The only bright spot was dealing with Saintsfanfl, an interesting and very experienced MVC owner!

    I'm an existing owner of 2 weeks at Shadow Ridge (Villages and Enclaves) and the seasons are funny in Palm Desert, because us "locals" from SoCal prefer the summer heat (low/silver season) and it always seems busy to me then, but that could due to the abundance of II Getaways at great prices. Marriott clearly want to load up the trust with the Platinum (winter/spring) weeks - I don't like those cold desert nights but everything's relative and I guess there are more snowbirds than I imagined!
     
  2. Shaun

    Shaun TUG Member

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    I have an agreement with a seller on a 1 BR Oceanfront EOY usage at the Marriott Maui Ocean Club, we will see if it passes ROFR at $2,500.
     
  3. NTP66

    NTP66 TUG Member

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    I think that’s got as good a chance at passing ROFR as I do of winning the next five PowerBall lotteries in a row, personally.
     
    WahooWah and CDD like this.
  4. Shaun

    Shaun TUG Member

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    Nice, that's a good one. Well, at least I offered them more at $2,500 than their asking price of $1,000 :) You just never know...
     
    CDD likes this.
  5. NTP66

    NTP66 TUG Member

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    Hey, I’m still rooting for us both here. That would be an absolute steal for you.
     
  6. echino

    echino TUG Member

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    Harborside Resort at Atlantis
    Marriott's Canyon Villas
    Marriott's St. Kitts Beach Club
    The guy's name is Marc? I offered him $2,500 too, and he is saying I am the highest bidder...

    Have you seen the estoppel? Which deeded unit number is it?
     
  7. Shaun

    Shaun TUG Member

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    Oh yes, I know you are, I meant to say that in a joking way. I'll let you know how it goes, the process is started. I had nothing to go off of for price because I checked the ROFR.net site and asked several brokers and nobody had a clue on price so I thought that I'd have a way better chance at $2,500 than $1,000. I recently closed a 1 BR Oceanview EOY for $3,150 w/ seller paying closing costs. On this one I'm paying closing costs so I'm not sure how Marriott looks at the price, we will see.
     
  8. Shaun

    Shaun TUG Member

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    Yep, I think that I just told him that I would buy it before you had emailed him so he worked with the first person, which is pretty honorable. It's unit 4010. What do you think the chances are?
     
  9. echino

    echino TUG Member

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    He confirmed to me that I am the highest bidder and that he is proceeding with me in the morning of June 6.

    Chances of passing ROFR at this price are Zero.
     
  10. Shaun

    Shaun TUG Member

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    That's interesting. Oh well, I'll pay $50 to find out. What do you think it would take to pass?
     
  11. echino

    echino TUG Member

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    Marriott's St. Kitts Beach Club
    Marriott has been crazy lately with ROFR at MOC, paying well over market prices. They are taking pretty much everything. I would guess around $7,000 - $10,000 may pass. This unit is not worth anything near current ROFR levels.
     
  12. Shaun

    Shaun TUG Member

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    Holy smokes, that's crazy! My OV passed for $3,150 about 1 1/2 months ago though.
     
  13. NTP66

    NTP66 TUG Member

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    $3150 for that unit was a terrific deal, too.
     
    Shaun likes this.
  14. CDD

    CDD Guest

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    I also got a pass on my MOC EOY 1 bed OV at $3200 but I agree with everyone else that if the OF EOY passes at $2500 that would be a miracle.
     
  15. CDD

    CDD Guest

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    The last MOC 1BR OF EOY listed on ROFR.net passed at $6500 in 2009, but of course that was years ago so $7000+ is likely what it's going to take to get it.
     
  16. Shaun

    Shaun TUG Member

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    We will see soon enough, I'll post the results here and on ROFR.net. I guess we got ours for a pretty good deal. I talked to a guy at Marriott Vacations today because I was inquiring if they had any resale weeks (they don't anymore, they just sell resale points per the guy that I spoke with) and he said that he can't believe the $3,100-$3,200 passed for our resale purchases. I should've maybe went higher on the OF but I don't want to pay 6k or 7k for an OF when I just paid $3,150 for an OV. I'd pay more, but not that much more.
     
    CDD likes this.
  17. CDD

    CDD Guest

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    There's 2 listed on Redweek for $5500.
     
  18. Shaun

    Shaun TUG Member

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    I see that. It sure would be nice to have some recent data on these, 2009 is a long time ago.
     
  19. JIMinNC

    JIMinNC TUG Member

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    The unit is "worth" whatever the market says it is, and if Marriott is buying back at $7K to $10K as you say, that sets the market value, not what some people may list it for. Some desperate owner trying to sell at $1000 or $3000, who doesn't understand ROFR, is NOT the market. The market is what it takes to actually close.
     
    GregT, WahooWah, CDD and 3 others like this.
  20. WahooWah

    WahooWah Guest

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    Thank you for making sense on this board. :clap: Marriott is a buyer just like anyone else.
     
  21. ironman1124

    ironman1124 Guest

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    Hi everyone! I'm brand new to the site and forum. I'm looking for info on what has passed ROFR for the Marriott Aruba Surf Club, specifically a 2 bedroom. Is there anywhere I can find what has passed?
     
  22. TXTortoise

    TXTortoise TUG Member

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    Vail Streamside Birch
  23. MOXJO7282

    MOXJO7282 Tug Review Crew: Rookie TUG Member

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    Just got word that a MOC Lahaina OV unit passed at $20,200 all-in. This after failing on another one at $19,200.
     
    GregT and TXTortoise like this.
  24. MOXJO7282

    MOXJO7282 Tug Review Crew: Rookie TUG Member

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    Surprisingly I had a Lahaina OF float just pass at $27,599 all-in. I also get back closing credit of $500 if i return the docs and final payment within 5 days so it really is $27k total cost but what makes this an especially great deal is it comes with an Aug 2019 week for free. I'll actually be on Maui during the free week so I'm inviting more family. I also got 40k MR points because I put down $10k deposits for both.
    Pretty good deal and goes to show you the inconsistency of Marriott's ROFR.
     
    Last edited: Jun 20, 2019
  25. Theiggy

    Theiggy TUG Member

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    Nah, I think it’s more that you buy so many weeks Joe, they are running out of $ :)


    Sent from my iPhone using Tapatalk
     
    GregT, hudshut and TXTortoise like this.

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