Marriott ROFR

[jazzeah]

HI I am hoping someone who has dealt with Marriott ROFR can help us. We got a buyer for one of our weeks and of course Marriott decided to exercise their ROFR - but they are not closing for 90 days and the maintenance fees are due now. Any ideas on how we can get Marriott to reimburse us the maintenance fees? The buyers were buying NOW so we would not have had to incur the almost 4K in maintenance fees. Now we have to pay the maintenance fees and I fear that Marriott will not reimburse us so in essence we gave it to them for free.

Thanks

Beth

 

[jmhpsu93]

Every resale contract I've signed stipulated who was responsible for the maintenance fees for the year of first use.

 

[TheTimeTraveler]

HI I am hoping someone who has dealt with Marriott ROFR can help us. We got a buyer for one of our weeks and of course Marriott decided to exercise their ROFR - but they are not closing for 90 days and the maintenance fees are due now. Any ideas on how we can get Marriott to reimburse us the maintenance fees? The buyers were buying NOW so we would not have had to incur the almost 4K in maintenance fees. Now we have to pay the maintenance fees and I fear that Marriott will not reimburse us so in essence we gave it to them for free.

Thanks

Beth

DON'T pay the maintenance fees at all! This is especially true if you do not have 2025 use.







.

 

[GrayFal]

I sold to Marriott last year in September 2023.
It was in our contract that Marriott was responsible for 2024 maint fee.
I had them put the maint fee in escrow with the closing company LTT.
I paid the fee and when everything closed I got the purchase price plus the 2o24 maint fee I had paid.

 

[PsuFrh]

We are getting ready to try to sell our Fairway Villas property. Is there a particular company or agent you used to list and sell yours?

 

[jazzeah]

We are getting ready to try to sell our Fairway Villas property. Is there a particular company or agent you used to list and sell yours?

we used red week and got the price we wanted and the maint fees paid and closing to be done this year and then Marriott did the ROFR so I am not sure what will happen now.

 

[PsuFrh]

Every resale contract I've signed stipulated who was responsible for the maintenance fees for the year of first use.

Any group you've worked with to sell a Marriott timeshare property? On another note, as I assume the PSU in your email address is for Penn State and We Are alums too, great game against the Terps and hoping for a win against the Ducks!

 

[jazzeah]

DON'T pay the maintenance fees at all! This is especially true if you do not have 2025 use.







.

the letter states the maintenance fees must be paid

 

[PsuFrh]

we used red week and got the price we wanted and the maint fees paid and closing to be done this year and then Marriott did the ROFR so I am not sure what will happen now.

Wow, that makes it a wait and see for both you and the buyer.

 

[GrayFal]

We are getting ready to try to sell our Fairway Villas property. Is there a particular company or agent you used to list and sell yours?

@PsuFrh Fairway Villas has no ROFR, your buyer will get the unit.

 

[PsuFrh]

@PsuFrh Fairway Villas has no ROFR, your buyer will get the unit.

Really, I didn't know there were exceptions to ROFR for any properties. Good to know. Thank you.

 

[GrayFal]

we used red week and got the price we wanted and the maint fees paid and closing to be done this year and then Marriott did the ROFR so I am not sure what will happen now.

If it was in your contract that the buyer is paying for the 2025 maint fee then Marriott will reimburse you for that fee.
Marriott is the buyer and they will honor the contract.

 

[GTLINZ]

That is the question we are all waiting to hear - was the buyer paying the MF in the contract ....

 

[jmhpsu93]

Any group you've worked with to sell a Marriott timeshare property? On another note, as I assume the PSU in your email address is for Penn State and We Are alums too, great game against the Terps and hoping for a win against the Ducks!

I've only bought...and it was through three different eBay sellers and then some broker here advertising on TUG marketplace.

And yes...Class of '93.

 

[GTLINZ]

When i bought off of ebay, the seller included the mf and closing costs and transfer fees in the total price - so it would have a better chance of passing ROFR.

 

[PsuFrh]

I've only bought...and it was through three different eBay sellers and then some broker here advertising on TUG marketplace.

And yes...Class of '93.

Good to know. I'm the Class of '65; my kids were the classes of '90, '95 & '96. Penn State Proud!