Please post Starwood ROFR transactions here (ONLY)

[Mulege]

What is the average sales commission brokers charge for resales?

 

[celica7101]

What is the average sales commission brokers charge for resales?

My understanding is that it’s ~15% or so split 50-50


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[taterhed]

I've seen it listed typically is 10% of the sales price with a minimum commission charged. I also think many of the minimum commission's run in the 1000 to $1, 500 range. This is been in my experience with several Marriott and Westin purchases And I sale

Tater on my Note8 tapatalk

 

[celica7101]

Westin Ka'anapali Ocean Resort Villas North - WKORVN

Vistana waived ROFR on WKORV/N Oceanfront Annual / $24,000 (8/10)

 

[taterhed]

Westin Ka'anapali Ocean Resort Villas North - WKORVN

Vistana waived ROFR on WKORV/N Oceanfront Annual / $24,000 (8/10)

Nice. I know you were looking for one, congrats. If you're there in Jan or Feb of 2020, let's have a cocktail!

 

[md8287]

Vistana exercised ROFR on WKORV OV Annual for $10,000

 

[taterhed]

Great price...I'm guessing that would have taken $12-13k to pass minimum....

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[celica7101]

Vistana exercised ROFR on WKORV OV Annual for $10,000

"Exercising ROFR" is always a weird phrase to me. It was in my ROFR waiver letter, but "exercising" to me suggests that they are stepping in as buyer, not electing to skip the purchase.

 

[md8287]

"Exercising ROFR" is always a weird phrase to me. It was in my ROFR waiver letter, but "exercising" to me suggests that they are stepping in as buyer, not electing to skip the purchase.

When I said Vistana “exercised” their ROFR at $10,000 I mean they stepped in as buyer on that deal. The took the deal, the seller got fully paid but the buyer got simply a refund of their deposit.

 

[md8287]

Great price...I'm guessing that would have taken $12-13k to pass minimum....

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That is what I am thinking too. Next time i’ll try to pay at the low end of your guess.

 

[tborr123]

Is there rhyme or reason on when Vistana will exercise their ROFR, especially as between a WKORV OFC unit and an OV unit?

 

[dioxide45]

Okay, it has finally arrived. I have added Vistana to the ROFR.net database. For now, I have only added the properties where Vistana has right of first refusal;

• Westin Princeville Ocean Resort Villas
• Westin Ka'anapali Ocean Resort Villas
• Westin Ka'anapali Ocean Resort Villas North
• Westin Nanea
• Westin Mission Hills Resort & Villas

If when attempting to add an entry, you are unable to do so because the Resort/Season/Unit Type combination is not present please let me know and I can add it to the database.

www.rofr.net

 

[EnglishmanAbroad]

Is there rhyme or reason on when Vistana will exercise their ROFR, especially as between a WKORV OFC unit and an OV unit?

I think that is the idea of this thread, to try and establish if there is rhyme or reason so buyers and sellers can go into transactions knowing what they might be up against.

 

[CalGalTraveler]

Thanks @dioxide45. Just added the first entry for Vistana WKORVN EOY OF. Passed ROFR for $12,000 in Dec 2017.

 

[FamilyEsq]

Vistana waived their ROFR on a WKORV Ocean View EOY Even at 7000.00. This is my first timeshare purchase. My family and I are very excited.

 

[Grandma2016]

Last year purchased week 52 OF WKORVN 30k and week 52 OV South 30k.

 

[FamilyEsq]

Vistana exercised ROFR on WKORVN Ocean Front EOYE at $8000.00. I was so looking forward to getting this. Oh well, I will keep looking.

 

[taterhed]

Vistana exercised ROFR on WKORVN Ocean Front EOYE at $8000.00. I was so looking forward to getting this. Oh well, I will keep looking.

Yeah, as we chatted; I think that one was about $2-3k minimum too low to pass....good try though.

 

[dsmrp]

Just curious, does the number of Westin Hawaii units for sale seem higher than usual now?
Perhaps the merger is affecting more owners to want to sell?
Because they think they can later get Maui Kaanapali stays with DC points??
Or think Marriott will raise MFs?
Or don't like Marriott?
Or <name your reason here>?

I'm not looking to buy Hawaii...just interested in patterns and trends

 

[CalGalTraveler]

My SWAGs:

1) Seasonality: I have noticed that more units come available after summer is over. Most likely after owners have used one last time, and MF for 2019 are due soon. Sept. is a good time to unload.

2) It is has been just over 10 years since WKORV/N were built. Many 10 year developer loans have now been paid off so owners are free to sell. Perhaps owners are tired of high MF burden, or would like to do something else and decide to sell because the economy is good making now a good time to exit because they could be "stuck" for a few years during the next downturn.

 

[mauitraveler]

Dear all Tuggers,
Sorry in advance for any confusion, if you are looking at rofr.net's info about WKORV OV. I inadvertently entered the incorrect year (11/30/2018!). I've asked dioxide45 to remove that addition, if possible. In the meantime, I entered the correct year as another entry. Again, sorry for "auto-pilot" entry of the wrong year! CJ

 

[FamilyEsq]

Westin has waived ROFR on WKORVN Ocean Front EOYE at $9000.00. We structured the transaction to add the 2019 maintenance fees to the purchase price for a total offer of $10,477 with the Seller paying 2019 maintenance fees.

This is my second purchase with SMTN. The first purchase was WKORV OV EOYE for $7000.00. I have a great broker named Zach who has put in offers that were 25 to 50% of the listing price.

My family and I cannot wait to start vacationing in Maui. Thank you all (especially Taterhed) for all of your help and advice.

 

[Maui_ed]

Westin has waived ROFR on WKORVN Ocean Front EOYE at $9000.00. We structured the transaction to add the 2019 maintenance fees to the purchase price for a total offer of $10,477 with the Seller paying 2019 maintenance fees.

This is my second purchase with SMTN. The first purchase was WKORV OV EOYE for $7000.00. I have a great broker named Zach who has put in offers that were 25 to 50% of the listing price.

My family and I cannot wait to start vacationing in Maui. Thank you all (especially Taterhed) for all of your help and advice.

Congratulations. Maui is magical. Enjoy your travels!

 

[taterhed]

Westin has waived ROFR on WKORVN Ocean Front EOYE at $9000.00. We structured the transaction to add the 2019 maintenance fees to the purchase price for a total offer of $10,477 with the Seller paying 2019 maintenance fees.

This is my second purchase with SMTN. The first purchase was WKORV OV EOYE for $7000.00. I have a great broker named Zach who has put in offers that were 25 to 50% of the listing price.

My family and I cannot wait to start vacationing in Maui. Thank you all (especially Taterhed) for all of your help and advice.

Thank you for the kind word and congrats. I look forward to having a chat/drink at WKORV/N some year!! If not, then I hope you have many years of enjoyment with family and friends!
cheers.

 

[DavidnRobin]

Westin has waived ROFR on WKORVN Ocean Front EOYE at $9000.00. We structured the transaction to add the 2019 maintenance fees to the purchase price for a total offer of $10,477 with the Seller paying 2019 maintenance fees.

This is my second purchase with SMTN. The first purchase was WKORV OV EOYE for $7000.00. I have a great broker named Zach who has put in offers that were 25 to 50% of the listing price.

My family and I cannot wait to start vacationing in Maui. Thank you all (especially Taterhed) for all of your help and advice.

Congrats. I got involved with TUG (2005) that led to our recession of WKORVN OF for...
$75,000 !!!
Yikes! Think of all those poor folks that never researched, or were too late for the recession period.
We have certainly met many families that have regrets - especially last Sept with the WKORVN pool closure.