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Back in 2021 I got a great deal and bought at the Maui Ocean Club Lahaina Towers unit 1110 - an 11th floor corner OF unit for weeks 15 and 16. In 2022 I came across week 18 unit 1110. I would never have been interested in a week 18 but since it was the same unit and so close to my 15&16 I took a chance that maybe someday week 17 might turn up, because the goal of owning 3 or 4 fixed week, fixed units in a row at the MOC was always a dream of ours. I checked Redweek everyday, left notes in the unit after using week 16, and even asked every broker I knew to keep an eye open for week 17 unit 1110. I really didn't think it would turn up. Over the last few years, a few Lahaina Towers week 17s came onto the market, that got me excited until I would see the listing be a different unit number week 17, once the floor below, but never unit 1110.
Until last month when unit 1110 week 17 showed up on Redweek. My initial excitement was lessened by the fact that the owner listing week 17 unit 1110 for sale had it listed at $56K! I still wonder if the owner knew me and what I owned because the high listing was way out of line with the market. I made a very generous offer, definitely above the market by a few $1000s and didn't think the deal would happen, certainly so quickly because of the gap in listing price and offer but after a week the offer was accepted. Then I had to wait for ROFR. And to make sure it passed ROFR, even though I thought it would at the accepted price, I added $2k to the deal because I didn't want to lose a unit so valuable to me over a few $1000. I did have my limit so if Marriott bought at the new price sobeit, but thankfully Marriott informed the closing agent yesterday that they passed on it.
I shouldn't count my chicken because I guess the seller could back out. Really no reason to think they would because they did get a great deal, definitely $5k or more above market. I don't regret paying more to complete the 4 week sequence.
Until last month when unit 1110 week 17 showed up on Redweek. My initial excitement was lessened by the fact that the owner listing week 17 unit 1110 for sale had it listed at $56K! I still wonder if the owner knew me and what I owned because the high listing was way out of line with the market. I made a very generous offer, definitely above the market by a few $1000s and didn't think the deal would happen, certainly so quickly because of the gap in listing price and offer but after a week the offer was accepted. Then I had to wait for ROFR. And to make sure it passed ROFR, even though I thought it would at the accepted price, I added $2k to the deal because I didn't want to lose a unit so valuable to me over a few $1000. I did have my limit so if Marriott bought at the new price sobeit, but thankfully Marriott informed the closing agent yesterday that they passed on it.
I shouldn't count my chicken because I guess the seller could back out. Really no reason to think they would because they did get a great deal, definitely $5k or more above market. I don't regret paying more to complete the 4 week sequence.