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ROFR with Grandview

Too much gin…?
 
Scallywagger said:
What would make the developer not waive this request?
Click to expand...
I have not seen a report of Grandview using it, and many are given away or sold for just a few bucks.

While there is nothing wrong with ROFR I think its biggest impact is psychological for potential timeshare owners who don't really know the true values of timeshares:

For example, ROFR can:

-- Scare a potential buyer into buying points from the developer for thousands more over "fear of missing out."

-- A tool for a salesperson to tell a potential buyer that the resort has "right of first refusal" on sales of units by other owners, so you don't want to miss out. Buy from the developer!

For some people, the slightest hint of uncertainty in any transaction is enough to push them into making what could be a poor financial decision.

The only timeshare chain I know where ROFR has been a concern is DVC, but that is a system unlike 99.9% of the timeshare world.
 
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montygz said:
I have not seen a report of Grandview using it, and many are given away or sold for just a few bucks.

While there is nothing wrong with ROFR I think its biggest impact is psychological for potential timeshare owners who don't really know the true values of timeshares:

For example, ROFR can:

-- Scare a potential buyer into buying points from the developer for thousands more over "fear of missing out."

-- A tool for a salesperson to tell a potential buyer that the resort has "right of first refusal" on sales of units by other owners, so you don't want to miss out. Buy from the developer!

For some people, the slightest hint of uncertainty in any transaction is enough to push them into making what could be a poor financial decision.

The only timeshare chain I know where ROFR has been a concern is DVC, but that is a system unlike 99.9% of the timeshare world.
Click to expand...

I believe Marriott also exercises their ROFR.
 
If the buyer has a history of default with them they may exercise the ROFR other than that I can't see them doing this.
 
I just had a Grandview transfer not go through. Vacatia informed the potential new owner that they could not have my week transferred to them.

I unfortunately do not know the reason at this time, but I wanted to share this data point for others.
 
jenmcnitt said:
I just had a Grandview transfer not go through. Vacatia informed the potential new owner that they could not have my week transferred to them.

I unfortunately do not know the reason at this time, but I wanted to share this data point for others.
Click to expand...
did they give any reasons why? That seems questionable to deny a transfer
 
I didn't receive a reason other than Vacatia informed the new owner that they cannot have this property transferred to them.
 
Just to follow-up, it was related to an issue with past maintenance fees on the buyer's side that they are working through. Now onto finding a new person to transfer my week to.
 
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