Platinum Manor Club Sequel passes ROFR at $8,000

[dlpearson]

Just found out this morning. I'll update the ROFR website (once I locate the link).

-David

 

[lll1929]

Congrats on your new timeshare!!

Here is the link: http://dioxide45.tripod.com/rofr.html

 

[m61376]

Congrats! Was this an Ebay purchase, out of curiosity?

 

[dlpearson]

Congrats! Was this an Ebay purchase, out of curiosity?

No, it was from Holiday timeshares. They were asking more, but I offered $8k and they took it. I honestly didn't expect them to a) accept the offer, or b) have it pass ROFR, but it's now in closing.

FYI, I've updated the ROFR database.

David

 

[potchak]

Congrats! You took the ROFR crown from me. I passed at $10K.

 

[CMF]

Did anyone tell ya that. . .

. . . joining the Yahoo Manor Club Owners Group is now mandatory??

Of course, folks without a sense of humor are not allowed.

Congrats!

Charles

 

[Steve]

Congratulations, David.

Thanks for letting us know.

Steve

 

[dlpearson]

. . . joining the Yahoo Manor Club Owners Group is now mandatory??

Of course, folks without a sense of humor are not allowed.

Congrats!

Charles

Hi Charles,

I've been reading with interest your Yahoo club info over the past several weeks anticipating being an MSE owner soon......I'll be sure to join.

Thanks,
David

 

[CMF]

Fantastico!

Welcome in advance!

Charles

 

[pwrshift]

Hey David ... we go back a lot of years on TUG and we are neighbours for the second time now ... BeachPlace and Manor Club (Sequel). That was a super deal...hope you use it and we'll have a round of free golf together!

Hopefully we won't see MF go over $1000 at MSE next year!

Brian

 

[dlpearson]

Hey David ... we go back a lot of years on TUG and we are neighbours for the second time now ... BeachPlace and Manor Club (Sequel). That was a super deal...hope you use it and we'll have a round of free golf together!

Hopefully we won't see MF go over $1000 at MSE next year!

Brian

Hey Brian,

I was just thinking the same thing! I've been a passive Manor Club wannabe owner for years (ever since MFs were only $600!) Hopefully their fees won't match BeachPlace for a loooonng time!


David

 

[Big Matt]

I'm going to step out on a limb and guess that the MF for Manor Club will actually go down this year. I'm sure to be pelted with rotten veggies for this comment, but I just have a feeling...

 

[rsackett]

I'm going to step out on a limb and guess that the MF for Manor Club will actually go down this year. I'm sure to be pelted with rotten veggies for this comment, but I just have a feeling...

I hope you are right!

Ray

 

[m61376]

I've toyed with the idea of buying an MSE unit to use as a trader, and especially at these lower prices it really is attractive, but those escalating MF's make me wonder if it is still the best option for trading purposes.

 

[GrayFal]

Great price - a sign of the times....

 

[gmarine]

I'm going to step out on a limb and guess that the MF for Manor Club will actually go down this year. I'm sure to be pelted with rotten veggies for this comment, but I just have a feeling...

Of course I also hope your right. But with the huge increases in energy costs it isnt going to surprise me if we see an increase of at least 10%.

I think there are going to be large increases in most timeshares next year. I'm not looking forward the the end of the year bill season.

 

[potchak]

I would have to agree with gmarine. The huge increases to energy costs are going to make all the MF's go up significantly.

 

[vacationlover2]

HOLY MOLY! That's a fantastic price. Many congratulations to you!

 

[Jpollo]

Congrats! Question on retail value

Congratulations on your deal. I'm not familiar with this resort, do you know what the current retail cost from Marriott is for this unit?

I'm trying to get a sense of how low the ROFR can go.

Thanks!

 

[potchak]

When I was there in Oct last year, retail was $22,900 for MSE plat 2bd.

 

[Jpollo]

35% of retail price

Thanks, Michelle. Wow! I heard that one could pay 40% of the developers price, but I figured Marriott's ROFR would kick in if it got any lower.

I don't know whether to cheer or cry... as a buyer I'm encouraged by the very, very soft market. But as a current owner at Waiohai it hurts to see the prices so low. But I know it's not an investment, so I don't feel too bad. I knew upfront there would a couple spells like this over the lifetime of ownership.

 

[Big Matt]

Taxes are down though, and it looks like they aren't going to need to add anything to the reserve fund.

The big item I'm waiting to hear about is the amount of dues that weren't collected due to delinquent accounts and foreclosures. That could swing it.

Of course I also hope your right. But with the huge increases in energy costs it isnt going to surprise me if we see an increase of at least 10%.

I think there are going to be large increases in most timeshares next year. I'm not looking forward the the end of the year bill season.

 

[winger]

i'm going to say a short prayer tonight for a lower MF for mmc. these rising mf's may price me straight out of marriott before we retire !!!