ROFR metric / Ongoing ROFR Activity

[The Colorado Kid]

Marriott Willow Ridge Lodge 2BR EOYE Gold Season passed at $1 - Will add to rofr.net when transaction closes.

 

[nygiants11991]

Maui Ocean Club 2 bed 3 bath Ocean Front annual passed yesterday for $26,000

 

[Vacation fun]

How long is It taking to hear back from Marriott on ROFR ?

 

[cory30]

Where did you find your seller at?

Redweek

 

[igopogo]

How long is It taking to hear back from Marriott on ROFR ?

I heard back in about six days for MGR South Lake Tahoe. I haven’t posted yet.

 

[Vacation fun]

I heard back in about six days for MGR South Lake Tahoe. I haven’t posted yet.

Thanks
Great did it pass ? The realtor shared she hasn’t seen Marriott buy back lately … hope that is true .

 

[igopogo]

Thanks
Great did it pass ? The realtor shared she hasn’t seen Marriott buy back lately … hope that is true .

Both passed. We estimated the floor at $47000.

We purchased two 1br courtyard view quarters at MGA for $50K and $52K, both passed

 

[nygiants11991]

How long is It taking to hear back from Marriott on ROFR ?

The closing agent sent it in on a Thursday and we heard back on Wednesday

 

[yingyingtravels]

I put an offer for Grand Chateau 2-Bedroom lockoff EOY Platinum for $2700 on Jan 4, passed ROFR on Feb 7. I also put an offer for Cypress Harbour 2-Bedroom Annual Platinum for $1500 on Jan 28, passed on Feb 8. Both have been submitted to www.rofr.net/

Now to wait 30 to 60 days for Marriott to record the transfers and I can start booking

 

[dioxide45]

I put an offer for Grand Chateau 2-Bedroom lockoff EOY Platinum for $2700 on Jan 4, passed ROFR on Feb 7. I also put an offer for Cypress Harbour 2-Bedroom Annual Platinum for $1500 on Jan 28, passed on Feb 8. Both have been submitted to www.rofr.net/

Now to wait 30 to 60 days for Marriott to record the transfers and I can start booking

It might take longer than that, you haven't even got to closing on the last one yet. It still needs to get seller signatures, recorded in Orange County and then go to Marriott. Just setting expectations.

 

[nygiants11991]

It might take longer than that, you haven't even got to closing on the last one yet. It still needs to get seller signatures, recorded in Orange County and then go to Marriott. Just setting expectations.

Yeah it is more like 10 weeks just for Marriott to transfer.

 

[yingyingtravels]

It might take longer than that, you haven't even got to closing on the last one yet. It still needs to get seller signatures, recorded in Orange County and then go to Marriott. Just setting expectations.

Good to know! Both brokers told me that they have sent the final documents to the resorts to complete the transfers. One broker said around 60 days, the other broker said around 8 weeks. Good thing I don't have any deadlines for booking trips right now

 

[dioxide45]

Good to know! Both brokers told me that they have sent the final documents to the resorts to complete the transfers. One broker said around 60 days, the other broker said around 8 weeks. Good thing I don't have any deadlines for booking trips right now

I don't see how a sale where they just received ROFR today could have already been sent to Marriott. Though I suspect they are using either POA or a pre signed signature page of the deed and could have eRecorded the deed with Orange County Comptroller. So anything is possible.

 

[Wolfpack5407]

I put an offer for Grand Chateau 2-Bedroom lockoff EOY Platinum for $1600. It passed ROFR on Feb 17.

 

[jmhpsu93]

Cypress Harbor 2 BR Annual Special season passed on 2/24/22 at $408.

 

[ded4025]

Newport Coast Villas, platinum, annual, passed on 2/24/22 at $8,400. Seller paid closing cost.

 

[vol_90]

I put an offer for Grand Chateau 2-Bedroom lockoff EOY Platinum for $2700 on Jan 4, passed ROFR on Feb 7. I also put an offer for Cypress Harbour 2-Bedroom Annual Platinum for $1500 on Jan 28, passed on Feb 8. Both have been submitted to www.rofr.net/

Now to wait 30 to 60 days for Marriott to record the transfers and I can start booking

Timing of 2 recent resale purchases:

1.) Purchase initiated on Oct. 14th and used LT Transfers. The seller was responsive and did not cause delays. HOTA mailed to Marriott on Dec. 17th, week deposited into my MVCI account February 22nd. 132 total days to complete transaction
2.) Purchase initiated on Nov. 5th and used Confused About Timeshares. The seller was responsive and did not cause delays. HOTA mailed to Marriott on Dec. 20th, week deposited into my MVCI account March 1st. 117 total days to complete the transaction

Would set expectations of 8 to 10 weeks of Marriott processing time once HOTA's are mailed.

 

[jmhpsu93]

2 BR Harbour Lake Annual Platinum passed at $799 with seller paying closing costs.

 

[jwalk03]

I bought 3- 2BR Annual Grande Vista Gold weeks.
$200
$200
$202
All 3 passed on 3/24/22.

 

[dioxide45]

I bought 3- 2BR Annual Grande Vista Gold weeks.
$200
$200
$202
All 3 passed on 3/24/22.

Seems that Marriott isn't interested in Gold Orlando weeks. For reference, we paid about $7,000 when we bought our MGV Gold Resale back in 2007.

 

[jwalk03]

Seems that Marriott isn't interested in Gold Orlando weeks. For reference, we paid about $7,000 when we bought our MGV Gold Resale back in 2007.

They ROFR one I tried to buy last year for $421. Grand Vista Gold 2BR same as these, but happy they let these ones go!

 

[dioxide45]

They ROFR one I tried to buy last year for $421. Grand Vista Gold 2BR same as these, but happy they let these ones go!

Were these eBay purchases? Do you know for sure that these were the dollar amounts as submitted to Marriott? Sometimes brokers will throw in a bunch of fees and commissions when they submit to Marriott.

 

[jwalk03]

Were these eBay purchases? Do you know for sure that these were the dollar amounts as submitted to Marriott? Sometimes brokers will throw in a bunch of fees and commissions when they submit to Marriott.

The $202 was an eBay auction. The other 2 were from the same seller who offered them to me before he listed them for the same price as well since I was buying the one. I did not actually see the RORF paperwork. That said the $421 one was also the same seller, so i would assume the process would have been the same for all of them.

 

[MOXJO7282]

Maui Ocean Club Napili Towers 9th floor 3BDRM week 35 failed at $39,850.

 

[yingyingtravels]

I put an offer for Grand Chateau 2-Bedroom lockoff EOY Platinum for $2700 on Jan 4, passed ROFR on Feb 7. I also put an offer for Cypress Harbour 2-Bedroom Annual Platinum for $1500 on Jan 28, passed on Feb 8. Both have been submitted to www.rofr.net/

Now to wait 30 to 60 days for Marriott to record the transfers and I can start booking

Both weeks were added to my account on April 7, 2022