ROFR metric / Ongoing ROFR Activity

[jmhpsu93]

Marriott Grande Chateau - 2 bed platinum EY $2,995. Passed ROFR on 5/26/22. Offer accepted on April 20th. Closed July 12th. I have yet to get an email from MVC. Seems to have taking a long time to process. This was listed by Redweek agents.

Now ... what to get next

Expect 5-7 weeks to add to your MVC account, down from like 8-10 earlier this year.

 

[kelly4me]

Marriott exercised ROFR on 8/10/22 on our Marriott Lakeshore Reserve property, 3BR lock-off at $6,000 sale price. Sort of shocked since they were not interested in buying it back from us directly.

 

[dioxide45]

Marriott exercised ROFR on 8/10/22 on our Marriott Lakeshore Reserve property, 3BR lock-off at $6,000 sale price. Sort of shocked since they were not interested in buying it back from us directly.

What season?

 

[kelly4me]

@dioxide45 , Regular platinum - week 1-5, 18-52.

They canceled our July 4th week reservation before I had heard anything about ROFR. That tipped me off.

 

[dioxide45]

@dioxide45 , Regular platinum - week 1-5, 18-52.

They canceled our July 4th week reservation before I had heard anything about ROFR. That tipped me off.

That seems like a pretty good price. I know someone that bought a 3BR Platinum Lakeshore a few years ago for about $3,500.

 

[Dean]

Marriott exercised ROFR on 8/10/22 on our Marriott Lakeshore Reserve property, 3BR lock-off at $6,000 sale price. Sort of shocked since they were not interested in buying it back from us directly.

That seems like a pretty good price. I know someone that bought a 3BR Platinum Lakeshore a few years ago for about $3,500.

I'm surprised they took it due to price, I am not surprised they paid more ROFR than they would have paid direct, I think that's a normal outcome. I assume there were no other incentives in the sales contract.

 

[SkyBornDancer]

Marriott's Ko Olina Beach Club
Annual 2B oceanview Week 52
Passed 32,000 on 7/19/2022

(I added this to rofr.net)

 

[kelly4me]

I'm surprised they took it due to price, I am not surprised they paid more ROFR than they would have paid direct, I think that's a normal outcome. I assume there were no other incentives in the sales contract.

None. The buyer was to pay all of their costs. Grateful for that as I would have been really irritated to pay them for Marriott.

 

[SteelerGal]

Marriott Harbor Lake Platinum 2bdrm. Passed ROFR yesterday. $1.00

 

[jmhpsu93]

Marriott Harbor Lake Platinum 2bdrm. Passed ROFR yesterday. $1.00

Nice pickup.

 

[jwalk03]

Marriott Harbor Lake Platinum 2bdrm. Passed ROFR yesterday. $1.00

Nice!

 

[dioxide45]

Marriott Harbor Lake Platinum 2bdrm. Passed ROFR yesterday. $1.00

Where did you buy it? I wonder if the seller/broker (if it was EBay or Redweek) didn't bake in some fees/commissions and the price actually submitted to Marriott wasn't more than $1?

 

[The Colorado Kid]

Where did you buy it? I wonder if the seller/broker (if it was EBay or Redweek) didn't bake in some fees/commissions and the price actually submitted to Marriott wasn't more than $1?

I also bought a Harbour Lake 2BR Platinum on eBay in January...$130 which passed ROFR.

 

[SteelerGal]

Where did you buy it? I wonder if the seller/broker (if it was EBay or Redweek) didn't bake in some fees/commissions and the price actually submitted to Marriott wasn't more than $1?

I have a feeling something like that happened since it was off of EBay. I had a couple of Desert Platinum weeks ROFR at market price so I was happy w/ this acquisition.

 

[Alwaystravelling]

My purchase of an every year, 2BR ocean view Marriott Waiohai just passed ROFR at $8,000

 

[michael49]

My purchase of an every year, 2BR ocean view Marriott Waiohai just passed ROFR at $8,000

Congratulations! I think you will love Waiohai. We are longtime owners and will be back next February.

 

[Ozznato]

Hi team, new here looking at an MVC points purchase Resale. I've looked over ROFR.net and it seems to be a near crapshoot in the ability to get past ROFR on points (with some exceptions). We'd probably look for something around 3500 points, with a goal of $4pp, $7net when factoring Marriott's fee. Doesn't seem like there is much rhyme or reason to it. Should we just start pumping out $4pp offers and wait for one to get through?

 

[Fasttr]

Hi team, new here looking at an MVC points purchase Resale. I've looked over ROFR.net and it seems to be a near crapshoot in the ability to get past ROFR on points (with some exceptions). We'd probably look for something around 3500 points, with a goal of $4pp, $7net when factoring Marriott's fee. Doesn't seem like there is much rhyme or reason to it. Should we just start pumping out $4pp offers and wait for one to get through?

Or even try one at $3.50 and see if you can get one past the goalie.

And welcome to TUG. Stick around, its a great place to learn and bounce ideas off of one another.

 

[Ozznato]

Or even try one at $3.50 and see if you can get one past the goalie.

And welcome to TUG. Stick around, its a great place to learn and bounce ideas off of one another.

Thanks for having me. I've been dabbling in a DVC board as my parents were looking to jump in there. I'm trying to get a proposal together to show them how other options might be more advantageous. I think MVC would be an easy sell to them if we were able to come in at $4pp, $7net for 3500 points. Honestly seems so weird that MVC has priced their direct market so out of line with resale. Is it really just to get people who won't do the research? Assuming ROFR.net is accurate they regularly let point sales slip through below $4pp (though I guess it does not disclose the size of the transaction) but deny others. $3.90 failed 8/4/22, $3.75 passed 6/1/22. So weird to me.

 

[dioxide45]

Thanks for having me. I've been dabbling in a DVC board as my parents were looking to jump in there. I'm trying to get a proposal together to show them how other options might be more advantageous. I think MVC would be an easy sell to them if we were able to come in at $4pp, $7net for 3500 points. Honestly seems so weird that MVC has priced their direct market so out of line with resale. Is it really just to get people who won't do the research? Assuming ROFR.net is accurate they regularly let point sales slip through below $4pp (though I guess it does not disclose the size of the transaction) but deny others. $3.90 failed 8/4/22, $3.75 passed 6/1/22. So weird to me.

ROFR.net is just a general guide, but there are other things that go into Marriott's decision to exercise or not. They may pay more for something with a ful 2023 use year than one where the owner has borrowed points to 2022 and used them for a reservation.

As to the difference in price between resale and direct. The same is true in DVC and every other timeshare out there. Timeshares when sold by the developer are a sold product. Few people walk into a presentation with the plan to walk out as owners. They are sold the product they didn't plan to buy. Rarely do they know anything about the resale market. Timeshares on the resale market is more of a supply vs. demand. Far more people want out of their timeshares than there are people looking to buy them.

 

[kyaustin]

Marriott Grande Vista 3 BR EOY Odd, Platinum, first usage 2023

passed Marriott ROFR at $2100

I’ll add to ROFR.net

 

[The Colorado Kid]

Marriott Grande Vista 3 BR EOY Odd, first usage 2023

passed Marriott ROFR at $2100

I’ll add to ROFR.net

Was it assigned a specific season?

 

[JimmyQ]

Hi Everyone... new here. Wanted to know if Marriott buys back points from foreign/international sellers, or if those are typically waived?

 

[kyaustin]

Was it assigned a specific season?

High season

 

[kyaustin]

Was it assigned a specific season?

Platinum, I meant