ROFR metric / Ongoing ROFR Activity

[Shaun]

I have another purchase going in shortly 2BR OV MOC EOY for 8k, we will see how that goes. As mentioned above, JiminNC had one pass last year at 8k and CDD had one recently pass at $8,750 so we will see.

 

[TravelTime]

Marriott waived ROFR on Waiohoa 2BR Ocean View EOY Odd at $6500. I am surprised Marriott is not trying to put the ocean view in the trust. I noticed that Marriott buys back most of the low ball offers. From reading on TUG, my offer was fair and in the ball park of what has been passing. I am hoping as an owner that I can get some of the few ocean views available there esp if I book early. I bought to use and I plan to use this as a week to combine with other timeshares in Kauai and possibly as a rental when I can’t use. I hope the OV designation will provide some extra value as a rental.

 

[Shaun]

I have another purchase going in shortly 2BR OV MOC EOY for 8k, we will see how that goes. As mentioned above, JiminNC had one pass last year at 8k and CDD had one recently pass at $8,750 so we will see.

My 2BR OV Maui Ocean Club EOY usage just passed for 8k (plus me paying closing costs). I'll enter it on ROFR.net as soon as it's recorded.

On another note my quantity (2) - 1 BR OV MOC EOY purchase on ebay was bought back by Marriott at $3,050 each. That's kind of weird because I just bought one 2 months ago for $3,152.

 

[TXTortoise]

You know ROFR is aggressive when you worry if one of these weeks will pass. ;-)

My MOC Lahaina Week 11/8210 and Taffy19's Week 12/8210 (2BR OF) passed ROFR at $40K. Marriott's points cost would have been about 5.35/point. They were sold to the same buyer...who would not have bought if we hadn't been able to bundle the weeks. Done as separate deals, but contingent on getting both. All parties are very happy. ;-)

 

[Shaun]

You know ROFR is aggressive when you worry if one of these weeks will pass. ;-)

My MOC Lahaina Week 11/8210 and Taffy19's Week 12/8210 passed ROFR at $40K. Marriott's points cost would have been about 5.35/point. They were sold to the same buyer...who would not have bought if we hadn't been able to bundle the weeks. Done as separate deals, but contingent on getting both. All parties are very happy. ;-)

Wow, were these 2BR Oceanfront?

 

[TXTortoise]

Wow, were these 2BR Oceanfront?

Yes. Corner unit

 

[taffy19]

You know ROFR is aggressive when you worry if one of these weeks will pass. ;-)

My MOC Lahaina Week 11/8210 and Taffy19's Week 12/8210 passed ROFR at $40K. Marriott's points cost would have been about 5.35/point. They were sold to the same buyer...who would not have bought if we hadn't been able to bundle the weeks. Done as separate deals, but contingent on getting both. All parties are very happy. ;-)

We had absolutely no intention to sell our timeshares yet in Hawaii but when an offer was sent to me out of the blue, I asked my husband what to do and he left it up to me.

I see the writing on the wall that traveling is only getting harder for my husband every year. He refuses to use a wheelchair at the airport and that makes flying very difficult for me and I just dread it but forget it once we are there but for how much longer?

I am happy with the offer because we have enjoyed staying at our timeshare condo every year with a magnificent view since 2008 so we got our value out of it.

It is not all about money but peace of mind and enjoyment without having to worry about it because the condo was always waiting for us the moment we left until we were returning a year later.

I will miss the beautiful view but I have many memories stored on Smugmug and we can always return by renting something else equally as nice.

I wish the new buyer of week 11 and 12 the same enjoyment that we have experienced all these years and to enjoy the two weeks on a row in the same condo with her family going forward from here.

Thanks, TXTortoise for helping me with the documents, etc. I hope that our path may cross one day in Maui and we can buy you a drink or two to celebrate.

 

[Dean]

You know ROFR is aggressive when you worry if one of these weeks will pass. ;-)

My MOC Lahaina Week 11/8210 and Taffy19's Week 12/8210 (2BR OF) passed ROFR at $40K. Marriott's points cost would have been about 5.35/point. They were sold to the same buyer...who would not have bought if we hadn't been able to bundle the weeks. Done as separate deals, but contingent on getting both. All parties are very happy. ;-)

As a seller why would one worry about it? You get the same in cash either way. I do wonder if the contractual requirement connecting the separate deals would have had any influence on their decision. Unlike something tangible, it'd be difficult to put a price on that inclusion.

 

[JIMinNC]

You know ROFR is aggressive when you worry if one of these weeks will pass. ;-)

My MOC Lahaina Week 11/8210 and Taffy19's Week 12/8210 (2BR OF) passed ROFR at $40K. Marriott's points cost would have been about 5.35/point. They were sold to the same buyer...who would not have bought if we hadn't been able to bundle the weeks. Done as separate deals, but contingent on getting both. All parties are very happy. ;-)

I seem to recall you posted that you paid less than that, so looks like you made a little profit. Congrats!

 

[TXTortoise]

As a seller why would one worry about it? You get the same in cash either way. I do wonder if the contractual requirement connecting the separate deals would have had any influence on their decision. Unlike something tangible, it'd be difficult to put a price on that inclusion.

The deals were not officially tied together. I was not overly concerned, but as my week went in first, if it had failed then the buyer would not have closed on Taffy’s. As you note, I would have gotten paid either way and I expect they would have taken Taffy’s also, if they took mine.

I did want it all to work out for the buyer’s sake, and of course for Taffy and me. For the seller to get two prime weeks in the same prime unit was a pretty big deal and is what allowed the inquiry to my Redweek ad, which mentioned the opportunity of two weeks, to move forward.

 

[Dean]

The deals were not officially tied together. I was not overly concerned, but as my week went in first, if it had failed then the buyer would not have closed on Taffy’s. As you note, I would have gotten paid either way and I expect they would have taken Taffy’s also, if they took mine.

I did want it all to work out for the buyer’s sake, and of course for Taffy and me. For the seller to get two prime weeks in the same prime unit was a pretty big deal and is what allowed the inquiry to my Redweek ad, which mentioned the opportunity of two weeks, to move forward.

That makes sense other than it sounds like that officially the buyer would have been obligated to the second week even if they'd lost the first unless it was in the contract.

 

[TXTortoise]

Not in contract. Just nice grandmother from British Columbia trying to have a place for all her family to visit. Her plans reminded me of you and GregT’s extravaganzas.

 

[Dean]

Not in contract. Just nice grandmother from British Columbia trying to have a place for all her family to visit. Her plans reminded me of you and GregT’s extravaganzas.

So legally they would have been obligate to one if the other were taken. Given the way ROFR tends to work I could easily have seen one passing and one not all else exactly the same.

 

[Shaun]

The deed was just recorded on my annual 2BR Marriott Maui Ocean Club OV. What date do I enter on ROFR.net? The date of the waiver from Marriott or the date of recording?

I think that I’m going to enter 15k on the sales price instead of the 16k (16k includes me paying 1k in closing costs) because the 15k amount is the amount on the waiver document.

 

[dioxide45]

The deed was just recorded on my annual 2BR Marriott Maui Ocean Club OV. What date do I enter on ROFR.net? The date of the waiver from Marriott or the date of recording?

I think that I’m going to enter 15k on the sales price instead of the 16k (16k includes me paying 1k in closing costs) because the 15k amount is the amount on the waiver document.

Enter the date from the waiver document.

 

[toppats]

I have another purchase going in shortly 2BR OV MOC EOY for 8k, we will see how that goes. As mentioned above, JiminNC had one pass last year at 8k and CDD had one recently pass at $8,750 so we will see.

We have a purchase going presently for a 2 bd/2ba at Marriott Timber Lodge EOY Premium Summer for $4,000. I was nervous that Marriott would exercise their ROFR, but in checking the history of ROFR Experiences, it looks like Marriott usually waives on EOY purchases. Hopefully, this is the correct forum for this question. Does anyone have input on this? Thank you

 

[Shaun]

We have a purchase going presently for a 2 bd/2ba at Marriott Timber Lodge EOY Premium Summer for $4,000. I was nervous that Marriott would exercise their ROFR, but in checking the history of ROFR Experiences, it looks like Marriott usually waives on EOY purchases. Hopefully, this is the correct forum for this question. Does anyone have input on this? Thank you

From what I've seen it seems like they let a lot of the EOY go, they are more aggressive on the annual from my experience of trying to buy some in the last few months. I don't have any experience with the Timer Lodge though, I've only bought Maui Ocean Club. You'll find out soon enough on the ROFR, good luck!

 

[toppats]

We have a purchase going presently for a 2 bd/2ba at Marriott Timber Lodge EOY Premium Summer for $4,000. I was nervous that Marriott would exercise their ROFR, but in checking the history of ROFR Experiences, it looks like Marriott usually waives on EOY purchases. Hopefully, this is the correct forum for this question. Does anyone have input on this? Thank you

Also: We currently have legacy week at Marriott Maui Ocean Club and have had for 15 years. Does anyone know if this affects Marriott's ROFD decision to waive or not?

 

[TXTortoise]

Also: We currently have legacy week at Marriott Maui Ocean Club and have had for 15 years. Does anyone know if this affects Marriott's ROFD decision to waive or not?

There's been nothing to suggest that it's anymore than a simple value calculation on their part, albeit inconsistent from our point of view.

 

[csodjd]

Just got word today that my EOY oceanfront 2-BR in the old buildings at MOC just passed ROFR at $9,500. Thanks Shaun for the lead and direction. I had three agents tell me they had nothing. I asked one to look for me for ocean view about $8k, or ocean front for about $10k, and he basically said, no chance, nothing like that is ever going to go that low.

 

[Shaun]

Just got word today that my EOY oceanfront 2-BR in the old buildings at MOC just passed ROFR at $9,500. Thanks Shaun for the lead and direction. I had three agents tell me they had nothing. I asked one to look for me for ocean view about $8k, or ocean front for about $10k, and he basically said, no chance, nothing like that is ever going to go that low.

That is so great, I'm so happy for you. And, it is my pleasure. You're very welcome.

 

[csodjd]

That is so great, I'm so happy for you. And, it is my pleasure. You're very welcome.

And, for good measure, the seller was willing and able to make me a reservation for Memorial weekend/week in 2020, which is particularly helpful since my step-daughter is getting married in Maui that weekend!

 

[JIMinNC]

Just got word today that my EOY oceanfront 2-BR in the old buildings at MOC just passed ROFR at $9,500. Thanks Shaun for the lead and direction. I had three agents tell me they had nothing. I asked one to look for me for ocean view about $8k, or ocean front for about $10k, and he basically said, no chance, nothing like that is ever going to go that low.

That's a great price for OF. Congrats!

Counting down the days until our return to MOC in February, although this will be a points stay since our owned week is EOY-Odd.

 

[Wahoo]

Marriott is exercising its right of first refusal on an Ocean Pointe 2 bedroom, Oceanside unit I am selling. The contract price is $8,000. I submitted the ROFR waiver request by email on Friday, and received their decision today.

I've added this to rofr.net.

 

[Hobee]

I had a Mountainside 2 bedroom platinum pass at 15k this week and added it to ROFR.net. Marriott returned their decision in 1 week.