ROFR metric / Ongoing ROFR Activity

[Saintsfanfl]

The real seller is the extremely happy one when Marriott exercises on a deal that contains their prepaid fees.

 

[catharsis]

I have an ROFR waiver letter which seems to suggest that Marriott were told a price of $4k more than I actually paid.

Given that it passed I'm not asking too many questions, but it does mean I'll be reluctant to use that vendor again.

Sent from my Pixel XL using Tapatalk

 

[Dean]

I think "fraud" might be a bit of a stretch. It's a simply an "addendum" added to the contract. Whether Marriott sees the contracts addendum, or not, i'm not exactly sure. i can't wrap my thoughts around "unethical" either. If the broker wishes to make a donation, out of the funds it has obviously secured from the original owner, whilst acting as a liaison between the new buyer and Marriott, in order to make the purchase happen, i see nothing wrong with it. In fact, it ends up being a win win win, the broker gets his profit, Marriott gets their money for the points with the added security of collecting MF's again every year on something that may have been in foreclosure? and the new buyer gets what they want at a deeply discounted price....what am i missing?

Selling under one set of rules but presenting another is illegal in all states I know of.

 

[brianfox]

Just starting a weeks purchase through Redweek for two Marriott Waiohai weeks.
These are the cheapest I've ever seen ($5500 per week, ANNUAL usage, Mountain View).
This is what EOY usage has been going for recently.
ROFR database unfortunately has very little recent activity to indicate whether this may pass or fail.
Frankly, I'll be surprised if this passes. Wish me luck.

 

[hangloose]

Just starting a weeks purchase through Redweek for two Marriott Waiohai weeks.
These are the cheapest I've ever seen ($5500 per week, ANNUAL usage, Mountain View).
This is what EOY usage has been going for recently.
ROFR database unfortunately has very little recent activity to indicate whether this may pass or fail.
Frankly, I'll be surprised if this passes. Wish me luck.

Good luck. Sounds like a great price to me for ANNUAL Hawaii! Keep us posted on whether Marriott exercises ROFR.

 

[Beachspace]

Just failed ROFR for Gold Week Harbour Lake in Orlando :-( We found a desperate seller on ebay for $1 with 2017 MF already paid but not used yet for Gold Season. This gave us a chance for a free vacation to use for Thanksgiving week or maybe Labor Day.
ROFR letter showed $350 or so (all my closing costs) as the sales price. Broker thought if I had paid for 2017 MF and let the seller book my week prior to submitting it might have went in. The free week is what enticed us.

Oh well, gonna keep looking for deals at Harbour Lake and/or Grand Vista with a lock off!

 

[dioxide45]

Just failed ROFR for Gold Week Harbour Lake in Orlando :-( We found a desperate seller on ebay for $1 with 2017 MF already paid but not used yet for Gold Season. This gave us a chance for a free vacation to use for Thanksgiving week or maybe Labor Day.
ROFR letter showed $350 or so (all my closing costs) as the sales price. Broker thought if I had paid for 2017 MF and let the seller book my week prior to submitting it might have went in. The free week is what enticed us.

Oh well, gonna keep looking for deals at Harbour Lake and/or Grand Vista with a lock off!

Please add your details to www.rofr.net.

 

[GM600]

I received notice today that my Grande Vista, 2 bed, platinum, failed at $1,600. I added it to the rofr.net

 

[Marriott resale??]

Hello

I was just advised today that my purchase of a 3 bedroom Platinum Grande Vista passed ROFR at $4,000 + closing costs. I am happy

Steve

 

[Beachspace]

I received notice today that my Grande Vista, 2 bed, platinum, failed at $1,600. I added it to the rofr.net

I added my Harbour lake one to ROFR.

Surprised yours failed at $1600. Seen them on Ebay cheaper and was going to buy one. Maybe I shouldn't waste my time now. When I went on ROFR to input mine I saw Marriott bought a lot lately. Even Ocean pointe at $2k failed on there.

I heard HGVC runs out of $ by October so I was waiting until then to try and scoop up a South Beach one so I can it out for top dollar to people that contact me for weekly rental leads in high season. So many scam type sellers online though, waiting for a redweek or tug or ebay one.

 

[GM600]

The ROFR was dated 6/14/2017 and the realtor said they got notices that 20 units were taken by ROFR today.

 

[brianfox]

Update on the Marriott Waiohai purchase.

PASSED ROFR today!
Two ANNUAL island view deeds for $5500 each. That is same asking price that EOY had one year ago.

I saw these on Redweek. Since I started that purchase, at least one more annnual island view is up for sale right at $5000. There are two more at just under $6000.
I didn't try to talk owner down on price; $5500 is very reasonable in my book.
Ocean View are still asking over 2x.

 

[suzannesimon]

How much is Marriott selling them for now?

 

[TXTortoise]

https://www.marriottvacationclub.com/resales/index.shtml

Annual...
Island - $18,400
Ocean - $27,700

 

[GM600]

I had another Grande Vista 2 bedroom and platinum fail ROFR this time at $1,700.

 

[Beachspace]

I had another Grande Vista 2 bedroom and platinum fail ROFR this time at $1,700.

Yeah, this guy on Ebay (Clem) has them for $2000 and won't budge. Says that's what is needed for MGV Plat 2 Bed. I offered him $1500 but was declined. I won his Harbour Lake for $1, Gold with free 2017 usage but MVCI took it back (see above). Trying another Harbour lake, this time Plat with no 2017 usage for $375. Let's see what happens. (different company this time too).

 

[Saintsfanfl]

Yeah, this guy on Ebay (Clem) has them for $2000 and won't budge. Says that's what is needed for MGV Plat 2 Bed. I offered him $1500 but was declined. I won his Harbour Lake for $1, Gold with free 2017 usage but MVCI took it back (see above). Trying another Harbour lake, this time Plat with no 2017 usage for $375. Let's see what happens. (different company this time too).

I don't blame him for not budging below $2k. I will buy an unlimited number of 2BR Platinum GV units for $2k (from buyers I am comfortable with). I even stretch to $2,400 on occasion.

 

[Beachspace]

I don't blame him for not budging below $2k. I will buy an unlimited number of 2BR Platinum GV units for $2k (from buyers I am comfortable with). I even stretch to $2,400 on occasion.

Can I ask why? Just for trading power or you love that resort? I like GV as well but with me going throughout the year and not needing out of school season weeks, its maybe $100 savings on a 2 bed rental vs the MF you pay.
I'm looking at getting a 3BR just for trading power and doing a bunch of smaller trips and then having the 3bedroom for later in life as our family grows.

 

[dioxide45]

Just an FYI for anyone using www.rofr.net to search or add Marriott ROFR entries. We have added Hilton and Disney to the website. So you will first have to select which company you are searching for records or when you start to add a new entry.

 

[Saintsfanfl]

Can I ask why? Just for trading power or you love that resort? I like GV as well but with me going throughout the year and not needing out of school season weeks, its maybe $100 savings on a 2 bed rental vs the MF you pay.
I'm looking at getting a 3BR just for trading power and doing a bunch of smaller trips and then having the 3bedroom for later in life as our family grows.

As long as the units are FC I rent them out and eventually resell them.

 

[GregT]

Just an FYI for anyone using www.rofr.net to search or add Marriott ROFR entries. We have added Hilton and Disney to the website. So you will first have to select which company you are searching for or adding an entry to when you search or start to add a new entry.

Dioxide,

That's a good addition to the rofr website -- thanks very much!

Best,

Greg

 

[Beachspace]

FYI: just passed ROFR with a 3Bed GrandVista Gold Week for $1500 + Closing costs, no 2018 usage (reimbursed $1650 at closing by seller for January MF). Closing in 30-45 days. (its on ROFR now as well)
Only took 6 business days too! My Harbour lake has been pending for 20 days now...

 

[MOXJO7282]

I have a Maui annual 2BD/3BTH OV pending for my all-in price of $13,150. I'm hopeful it will pass.

 

[5infam]

I have a Maui annual 2BD/3BTH OV pending for my all-in price of $13,150. I'm hopeful it will pass.

Great price - good luck!!!

 

[5infam]

Just an FYI for anyone using www.rofr.net to search or add Marriott ROFR entries. We have added Hilton and Disney to the website. So you will first have to select which company you are searching for records or when you start to add a new entry.

I just went in and added my DVC that failed ROFR back in March - I was the seller and Disney bought it from the buyer. Thanks for putting those up.