ROFR metric / Ongoing ROFR Activity

[optimist]

Just found out that our EOY oceanfront Maui Ocean Club original building passed at $12,000.
So happy to go to Maui as owners this time:whoopie:

 

[5infam]

Just found out that our EOY oceanfront Maui Ocean Club original building passed at $12,000.
So happy to go to Maui as owners this time:whoopie:

Congratulations!!

 

[MOXJO7282]

Congrats!! It's a very special place for us as well. We're desperate to get back.

We've enjoyed the MOC in 2002, 2004, 2007, 2010, 2012, 2014 but now might not make it back until 2019 until my daughter is done with her medical degree.

The MFs are now $2189 for 2017. To me that is still a reasonable cost for a 2BDRM OF at such a great location.

 

[optimist]

Congrats!! It's a very special place for us as well. We're desperate to get back.

We've enjoyed the MOC in 2002, 2004, 2007, 2010, 2012, 2014 but now might not make it back until 2019 until my daughter is done with her medical degree.

The MFs are now $2189 for 2017. To me that is still a reasonable cost for a 2BDRM OF at such a great location.

How nice to have all those memories there. Funnily enough our kids are both in med school and coming up with a week when everyone is free is the hard part of all of this!

 

[5infam]

Just passed ROFR on a Maui Ocean Club, original towers, every other even year, 2 bedroom, Ocean View unit for $7,000. The seller is paying next year's maintenance as well. I also sold my 1 bedroom Maui mountain/garden annual unit for $5,000 which just passed ROFR last week. I put both of these on ROFR.net

My goal was to sell the 1 bedroom annual, and get 2 EOYE 2 bedroom units, so we can go for 2 weeks, every other year, and book at the 13 month window. The mountain garden 2 bedroom was an easy buy, and the deed is recorded, just waiting on Marriott to transfer into my name. For the second unit, it was a bear to get something. I bid on 3 different units, had accepted offers, but never made it to paperwork for various reasons. Finally I got a deal to stick and pass ROFR, and now we are waiting for closing. Looking forward to heading back to Maui in 2018 for 2 weeks and in a 2 bedroom instead of cramming the 5 of us into a 1 bedroom!

 

[NTP66]

Just passed ROFR on a Maui Ocean Club, original towers, every other even year, 2 bedroom, Ocean View unit for $7,000. The seller is paying next year's maintenance as well. I also sold my 1 bedroom Maui mountain/garden annual unit for $5,000 which just passed ROFR last week. I put both of these on ROFR.net

My goal was to sell the 1 bedroom annual, and get 2 EOYE 2 bedroom units, so we can go for 2 weeks, every other year, and book at the 13 month window. The mountain garden 2 bedroom was an easy buy, and the deed is recorded, just waiting on Marriott to transfer into my name. For the second unit, it was a bear to get something. I bid on 3 different units, had accepted offers, but never made it to paperwork for various reasons. Finally I got a deal to stick and pass ROFR, and now we are waiting for closing. Looking forward to heading back to Maui in 2018 for 2 weeks and in a 2 bedroom instead of cramming the 5 of us into a 1 bedroom!

Wow, that's a great deal - congrats. And I thought I got a good deal on mine at $8300.

 

[5infam]

Wow, that's a great deal - congrats. And I thought I got a good deal on mine at $8300.

Thank you for that - it was tough finding something OV or OF for what I could afford to pay. I am also selling my DVC points, so there is a budget I am trying to stay in and still have money left over. I tried to get an OF unit that I had to pull out of unfortunately, and then there were 2 different tries at getting in the new towers that fell through. Finally got this one. I think the price is just a factor of timing, with maintenance fees due this time of year, some people may be willing to sell a bit cheaper to get out of their timeshare, so I chalk it up to that.

 

[MOXJO7282]

Thank you for that - it was tough finding something OV or OF for what I could afford to pay. I am also selling my DVC points, so there is a budget I am trying to stay in and still have money left over. I tried to get an OF unit that I had to pull out of unfortunately, and then there were 2 different tries at getting in the new towers that fell through. Finally got this one. I think the price is just a factor of timing, with maintenance fees due this time of year, some people may be willing to sell a bit cheaper to get out of their timeshare, so I chalk it up to that.

May i ask where you did find such a good deal? I procured one at $8k and another $8.3k and looking for matching sets either OF or OV. I do have a new tower OF 2BDRM in ROFR at a good price so hoping that comes through soon but I'm always looking for more units but reasonable deals are far and few between and you better act fast because there are broker vultures that try to buy everything to resell higher.

 

[5infam]

May i ask where you did find such a good deal? I procured one at $8k and another $8.3k and looking for matching sets either OF or OV. I do have a new tower OF 2BDRM in ROFR at a good price so hoping that comes through soon but I'm always looking for more units but reasonable deals are far and few between and you better act fast because there are broker vultures that try to buy everything to resell higher.

Sure, I bought 1 unit that was advertised here on TUG, which was the mountain/garden view 2 bedroom for $3,500, purchased from David Patchanian at atimeshare.com. He is also a long time TUG member. The other unit was a lot harder to find. I was checking Redweek, e bay and a bunch of other sites every day (Magical Realty, Preferred Timeshare, etc.). I also had my prices out to several brokers, as I was willing to pay $7K for an OV and $10k for an OF, EOY 2 bedroom in the original towers, and up to $14K for the new towers. One of the brokers brought me several deals, some were odd years so I couldn't use them, but she was great at looking around for me and bringing me potential deals. That was Julie Morris-Miller at Concierge Realty. I sent her an e-mail, we spoke, then she kept an eye out and found a seller willing to go at $7K with the OV. She had a $9k OF, but it was odd years. Wish I could have taken that one, but I had to have even as I already bought the mountain/garden and that was even, so I needed a matching even. Like I said, with maintenance fees due, and Marriott not exercising ROFR as hard come year end, I think it is the best time to buy. I also put in a couple of bids that were not accepted on Redweek. I figure all I can do is ask and if they say no, then we both move on. Worth a shot, especially on those that have been sitting out there for a while. Good luck on your OF 2BDRM new tower! Let us know if it passes.

 

[thinze3]

Just bought 1500 DC points for $1 per point.

I just won an eBay auction for 1500 DC points for $1,576.28.
This price is most certain to not pass ROFR, but let's see what happens.

Well, even with all the shady verbiage the broker put into the contract forcing Marriott to pay more than I would have, Marriott still executed it's ROFR. I will ask for a copy of the letter and Marriott's response.

 

[hangloose]

While I've never been to Crystal Shores in Marco Island, I know the initial sale prices were very high for a legacy week prior to DC Pts Program. Not much ROFR activity on these either. Any chance Marriott may stop doing ROFR on these weeks given they are now building the new towers there? Just curious what others thought.

 

[Saintsfanfl]

While I've never been to Crystal Shores in Marco Island, I know the initial sale prices were very high for a legacy week prior to DC Pts Program. Not much ROFR activity on these either. Any chance Marriott may stop doing ROFR on these weeks given they are now building the new towers there? Just curious what others thought.

Are they even exercising ROFR? I don't think Marriott is exercising much of anything except points. This is truly a time when you can completely forget about ROFR when trying to make a deal. I haven't seen any verified ROFR failings on weeks in a while.

 

[sb2313]

Marriott did excercise rofr on a willow ridge platinum week for $100 on me last week. Likely just an outlier, but it was legit as I was emailed a copy of their email regarding it.

 

[dioxide45]

Marriott did excercise rofr on a willow ridge platinum week for $100 on me last week. Likely just an outlier, but it was legit as I was emailed a copy of their email regarding it.

@sb2313, would you mind adding this to the ROFR database; www.rofr.net? I don't see this one listed there.

 

[sb2313]

@sb2313, would you mind adding this to the ROFR database; www.rofr.net? I don't see this one listed there.

Will do and thanks for creating/maintaining that for all of us.

 

[MOXJO7282]

Maui Ocean Club new towers OF float passed ROFR at $19,100. 7th Maui Ocean 2BDRM unit but first in the new towers.

 

[jhac007]

While I've never been to Crystal Shores in Marco Island, I know the initial sale prices were very high for a legacy week prior to DC Pts Program. Not much ROFR activity on these either. Any chance Marriott may stop doing ROFR on these weeks given they are now building the new towers there? Just curious what others thought.

I have just acquired two Crystal Shores gold weeks for a great bargain. However, I must admit my situation is no where near what the norm maybe. My understanding is Marriott does not have ROFR on CS (according to the closing agent) and at least they let mine pass.

Jim

 

[dioxide45]

I have just acquired two Crystal Shores gold weeks for a great bargain. However, I must admit my situation is no where near what the norm maybe. My understanding is Marriott does not have ROFR on CS (according to the closing agent) and at least they let mine pass.

Jim

According to Syed's list, MVW does have ROFR at Cyrstal Shores. I suspect they have little appetite for weeks there given the new section opening shortly.

 

[mjm1]

Maui Ocean Club new towers OF float passed ROFR at $19,100. 7th Maui Ocean 2BDRM unit but first in the new towers.

Is this an EOY unit or OV? That's an incredible price for an annual OF in the new towers.

Thanks.

Mike

 

[jhac007]

According to Syed's list, MVW does have ROFR at Cyrstal Shores. I suspect they have little appetite for weeks there given the new section opening shortly.

I really appreciate their "lack of appetite" for the gulf front building!

Jim

 

[MOXJO7282]

Is this an EOY unit or OV? That's an incredible price for an annual OF in the new towers.

Thanks.

Mike

This is a floating OF annual unit. Especially good price considering it includes all closing and Marriott fees. Also includes 2017 usage which I'll rent to lower initial costs as well. I have my fingers crossed nothing blows up with this deal.

 

[GregT]

This is a floating OF annual unit. Especially good price considering it includes all closing and Marriott fees. Also includes 2017 usage which I'll rent to lower initial costs as well. I have my fingers crossed nothing blows up with this deal.

That is a phenomenal price -- congratulations and I hope it closes smoothly!!!

Best,

Greg

 

[mjm1]

That is a phenomenal price -- congratulations and I hope it closes smoothly!!!

Best,

Greg

I agree. Amazing deal. I also hope the. Closing process goes well for you.

Mike

 

[Saintsfanfl]

I have just acquired two Crystal Shores gold weeks for a great bargain. However, I must admit my situation is no where near what the norm maybe. My understanding is Marriott does not have ROFR on CS (according to the closing agent) and at least they let mine pass.

Jim

Have they been transferred to you yet? If the closing agent did not submit for ROFR then Marriott will probably not accept the transfer. Not saying they wouldn't pass ROFR but it sounds like the closing agent didn't even try and did not pay the ROFR fee. That will be a problem. The transfer department in Lakeland FL is supposed to see the waiver letter before they enter the transfer in the system.

 

[MOXJO7282]

I agree. Amazing deal. I also hope the. Closing process goes well for you.

Mike

I didn't have much to benchmark against but did think it was pretty good so glad to get some confirmation. Also paid via SPG Amex with no fee so will get 60k+ in MAR points. From ebay through Sean S. Hopefully it closes quickly so I can try to get a decent 2017 week somehow.