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ROFR metric / Ongoing ROFR Activity

TXTortoise said:
Not too surprised…but getting they are getting aggressive.

Maui Lahaina Tower 2BR OF Week 7 - Passed at $70K

Maui Napili Tower 2BR OF Week 7 - Passed at $75K
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How is it aggressive when they passed?
 
dioxide45 said:
How is it aggressive when they passed?
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Historically, 2BR OF cleared passed around $30-32K for years. Recent failures for floating weeks around $37K and any 3BR suggests they are spending more money now to capture these prime weeks for the trust.
 
TXTortoise said:
Historically, 2BR OF cleared passed around $30-32K for years. Recent failures for floating weeks around $37K and any 3BR suggests they are spending more money now to capture these prime weeks for the trust.
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Let's hope that $37k is the ceiling. I'll have one pending soon that I added $2k more because I just didn't want to take a chance. Its not a special week, but to me it is. I think it should pass.
 
two weeks ago had an Oceanwatch week waived at $6000. Also 3000 points waived at $2/point.
 
There's a variety of odd economic indicators that predict recessions. For example, the lipstick index and the men's underwear index. When times are tight, women tend to buy themselves small, inexpensive treats such as lipstick and men save money by reducing purchases of undergarments because no one sees them anyway.

So is this a new economic indicator? The ROFR index: timeshare companies reduce ROFR takebacks because they suspect they will have difficulty with sales going forward?
 
Patton51 said:
Just purchased a platinum week at Newport Coast Villas for 5k, Marriott waived ROFR, even the agent doing the transaction was surprised
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what week is listed on the deed?
 
How can I check the records of First Right of First Revisal from Marriott ? I try but it goes to report your experiences … trying to see what is happening and latest info for Ocean Point
 
Vacation fun said:
How can I check the records of First Right of First Revisal from Marriott ? I try but it goes to report your experiences … trying to see what is happening and latest info for Ocean Point
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www.rofr.net. Then pick from the dropdowns below.
 
Patton51 said:
Its a floater, it hasn't closed yet but its for all of platinum season minus the two weeks around July 4th and Christmas week
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it is floating, but still lists a specific unit and week number in the deed. That week means nothing to you, but potentially does to them.
 
Patton51 said:
Its a floater, it hasn't closed yet but its for all of platinum season minus the two weeks around July 4th and Christmas week
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It can be a floating week, but if deeded, should have a specific week or unit # on the deed.
 
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Mlvnsmly said:
it is floating, but still lists a specific unit and week number in the deed. That week means nothing to you, but potentially does to them.
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I'll have to check when I close don't know yet
 
Lakeshore said:
How does it mean more or less for them? Just curious.
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Some people think that Marriott only uses the deeded week in their trust. That isn't the case. The resorts are floating week giving the trust the right to reserve any week in the season to make available for points reservations. When conveying weeks to the trust, MVC assigned all weeks in the same season, unit size and view the same number of points. The only case in which it would matter is with Plus seasons.
 
So the only numbers on the purchase contract I signed are NC*3844*23. Is that what people were asking?
 
Patton51 said:
So the only numbers on the purchase contract I signed are NC*3844*23. Is that what people were asking?
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Should state in “exhibits”, what the description is, but that number you have is the Marriott "deed" number i believe
 
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Patton51 said:
So the only numbers on the purchase contract I signed are NC*3844*23. Is that what people were asking?
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Yeah that's it. Hypothetically, they could've mistaken it for a gold week since it's the first week of platinum season. Or maybe this is just the market now.
 
Mlvnsmly said:
Yeah that's it. Hypothetically, they could've mistaken it for a gold week since it's the first week of platinum season. Or maybe this is just the market now.
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I thought 23 might be the week thanks for confirming. I've seen a lot of NCV platinums listed lately on redweek starting around 6,000, which is where this one was listed and I offered $5,000, so I think maybe there is just a lot of inventory and they don't want to buy it all right now
 
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