First Right of Refusal question

[korndoc]

Is there any financial risk to a buyer should a proposed sale get whacked due to 1st Right of Refusal by the timeshare company, say Westin or Marriott?
Thanks,
Jeff

 

[Shankilicious]

I don't see how there would be.

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[jabberwocky]

Only financial risk is the opportunity cost of what you've paid as a deposit while awaiting the ROFR decision. If ROFR is exercised you get your deposit back.

 

[SteelerGal]

None. You just have to find another deal.

 

[Theiggy]

None as long as you are working with a trustworthy seller.


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[AZLatin5]

I just found out if you go with LT Transfers they charge a $50 fee to issue ROFR paperwork. If exercised they keep, if not and it makes it through they reimburse.

 

[davidvel]

No generic response to this question is accurate. As noted above, it depends on your contract with the seller.