Sorry for the delay, I will get it fixed. The issue is I can only make the updates on one Windows laptop that I have. I will hook it up today and make the updates.
Thank you! I just wanted us to have accurate information. it was my fault for the typo. lol.
They convey them over to the trust to sell as points. Weeks sold in the bundles are from owners who have listed their weeks through the Marriott Resale Program.
It doesn't have much effect on weeks owners as every week removed from a season is one less owner vying for reservations. And it likely doesn't have much effect on the points side either for the opposite reason. One more owner trying to get reservations that are often high demand.
What resort?
There was a disconnect between my thinking and late night typing. Added. Thanks for bridging the disconnect.
So, did Marriott buy it?
Yes. Failed to pass would indicate that MVC stepped in to buy it.
Why are the Orlando units dumping?
Steep increases in maintenance fees in 2024 and more anticipated next year due to new Florida laws regarding condos.
Personally I don't see that as a fire sale. To me that's about the most a 2 BR platinum there should be all in.
I recall them selling for more last year. Perhaps in the $4k range.
I think that was for 3BR though. We certain did see a spike up in prices for the past couple of years that seems to have settle down.
You may be right. Though there were a few 2BR units that show on ROFR.net north of $3K.
The problem with ROFR.net is it isn't standardized. A revamp that delineated purchase price, closing cost, fee reimbursement and UY availability would be far more helpful. I've followed GV & GC fairly regularly for the past few years and while there may have been some that sold for more, at no time did I think I couldn't get a unit for much less than that. Between those 2, I bought one GV (EOY though) and one GV and had a couple others ROFR'd but at a MUCH lower price than even the $1800 assuming that was the purchase price component. GC is the one that I think sales prices have climbed above it's real value at times I the past couple of years.
Very true, there is a lot more that goes in to a purchase price than just the price. The main problem is the more fields you add the messier the data can also become. Also making updates to it isn't as easy as it seems it could be. So we just have the general guide that it is today.
it is a great resource but it could be better. The easy thing going forward would be to give instructions on the entry page to include closing costs and any fees as part of the price listed. For high end options it isn't a big deal but it's make or break for things like GC, WR, GV, HL, etc.