Westgate Right of First Refusal--have they ever exercised this right?

[Rachelle Burk]

I want out of my Westgate Smoky Mountain property. We own a 2 BR every odd year. They have ROFR if I get a buyer. My question: Does anyone know if they ever actually buy it back this way? I'm sure they wouldn't if I had a buyer for $2K, but what if I got a buyer for $50 (and buyer pays the fees)? Not looking for speculations...I'd like to hear from anyone who actually knows. I asked Westgate, but of course they couldn't/wouldn't tell me a thing.
Thank you!

 

[amycurl]

I doubt it. You will be giving this resort away, and possibly paying for closing costs and/or pre-paid MF for a year of free usage.

 

[tschwa2]

Westgate does on occasion exercise ROFR from what I have heard. For example a fixed ski week 7, 51 or 52 are likely candidates for ROFR.
For floating weeks, I think you only need to worry if Westgate doesn't have inventory for that resort and season and has a specific buyer looking to purchase.

 

[Rachelle Burk]

I have a FLEX WEEK, every odd year. I wonder if they'd exercise their ROFR if I sell it for $1.

 

[tschwa2]

I have a FLEX WEEK, every odd year. I wonder if they'd exercise their ROFR if I sell it for $1.

I doubt they would.

 

[Fredflintstone]

Personally, I think all they care about is a maintenance fee payor. So, I don’t think they would stand in your way as long as they see the new owner as legit and sending in the maintenance fee payments.


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[jon-Paul Jones]

They have with me before, and it took away a $400 incentive check.

 

[dioxide45]

As a seller, I don't know why you would be concerned if they exercise. The week is gone either way,

 

[DrQ]

As a seller, I don't know why you would be concerned if they exercise. The week is gone either way,

Especially with Westgate.

 

[dioxide45]

Especially with Westgate.

Exactly, consider yourself lucky that you found a buyer

 

[dayooper]

What’s this “Westgate?” Is that like Wastegate?

 

[Rachelle Burk]

They have with me before, and it took away a $400 incentive check.

What do you mean by an incentive check? (I just want to get rid of my timeshare without it costing me ANY money. If Westgate exercises their ROFR and takes care of all the transfer fees, that's the same to me as if a buyer does.)

 

[RX8]

What do you mean by an incentive check? (I just want to get rid of my timeshare without it costing me ANY money. If Westgate exercises their ROFR and takes care of all the transfer fees, that's the same to me as if a buyer does.)

Unfortunately, there are many Westgates being given away for nothing and even at that some still can't be given away. There are some sellers that throw in a cash gift at time of closing to sweeten the deal. Check completed eBay listings for Westgate for examples of what they are selling for and how much of a gift card.

Edited:

Click here for an eBay example of a Westgate (not your specific resort but EOY 2B) that went unsold with all fees paid and a $250 gift card.

Click here for an eBay example of your specific Westgate resort (EOY 2B) that sold for 99 cents and included all fees and a year's free usage.

 

[LaFaraona]

I want out of my Westgate Smoky Mountain property. We own a 2 BR every odd year. They have ROFR if I get a buyer. My question: Does anyone know if they ever actually buy it back this way? I'm sure they wouldn't if I had a buyer for $2K, but what if I got a buyer for $50 (and buyer pays the fees)? Not looking for speculations...I'd like to hear from anyone who actually knows. I asked Westgate, but of course they couldn't/wouldn't tell me a thing.
Thank you!

Did you were able to get rid of your TS w WGSM?