Newport Plat passed ROFR

[LifeStyle]

$7450... seems like a good price? Thank you all for sharing great information. I look forward to my membership and to learning how to optimize my ownership. Was this a good price?

 

[m61376]

. I look forward to my membership and to learning how to optimize my ownership.

Thats all that really matters! Enjoy!!
Welcome to Tug!

 

[MOXJO7282]

$7450... seems like a good price? Thank you all for sharing great information. I look forward to my membership and to learning how to optimize my ownership. Was this a good price?

On the surface it seems like a very good price. How much was closing and did you get a good week to use your first year?

Sometimes you get a good price upfront and then get a first week usage that doesn't have any value and the true value/cost is more.

For instance if you bought a unit with a 2012 usage that isn't selected yet, your chance of getting a prime summer week is gone.

If you're someone who doesn't need a prime week in 2012 or its 2013 usage then its a moot point and the value is the price you paid.

 

[MOXJO7282]

To add I recently sold the same for $10,250 but paid all closing and included a prime 2012 summer week for free.

So what value did they pay? They could estimate closing is $500 and the MF for the 2012 week was $1065, so in essence they paid me $8685.

You paid $7450 which I assume doesn't include first year MF($1065) and closing, ($500 or so). So comparing to my sale you paid $1235 less thann my buyer, but did you get a good week to use? To me it would appear you got a good deal.

 

[LifeStyle]

To add I recently sold the same for $10,250 but paid all closing and included a prime 2012 summer week for free.

So what value did they pay? They could estimate closing is $500 and the MF for the 2012 week was $1065, so in essence they paid me $8685.

You paid $7450 which I assume doesn't include first year MF($1065) and closing, ($500 or so). So comparing to my sale you paid $1235 less thann my buyer, but did you get a good week to use? To me it would appear you got a good deal.

You are spot on with closing cost and maintenance fees.2102 is an issue but we vacation 8 weeks/year so we will figure out something. We are hoping for an exchange back in to Newport, July, August or late June - but realize it will be tough. Flex change works as well.

 

[camachinist]

A number of brokers (five so far) have pinged me at 6500. I can name names as appropriate. That indicates they have buyers in the 7000-8000 range or want to add to their own holdings. In any event, they seem confident of passing ROFR in that price range. IMO, that's a good deal. I wouldn't sell that cheap but IMO good value for the OP. Enjoy your ownership.

 

[dioxide45]

I think unless it is a fixed July 4th week that you are trying to get through ROFR it will pretty much pass at any price. Marriott doesn't need any NCV inventory to fill the trust as the trust is very heavy in NCV inventory. If they have a buyer lined up that they know wants a Fixed July 4th, they may exercise to turn a quick profit. For feeding the DC system, it just isn't needed.

 

[ada903]

I passed ROFR a few weeks ago at less than your price for annual two bedroom plat. You will be fine, and it was a great price even without a 2012 booking. I keep an eBay sales database to help inform my business and that is a good eBay price - and remember eBay is the cheapest place to buy! Congrats!