Does anyone know if Marriott has right of first refusal for Ocean Point?
Looks like several Ocean Pointe weeks posted on the ROFR www.rofr.net database recently. All passed at pretty good price points in my opinion.
Anyone have ROFR info or experience purchasing a 3 bedroom Plat Annual OF? I am looking at one of those. Thinking under $15k is a good price, but wondering now if I could pass ROFR at a lower price point given the recent ROFRs posted at a lower percentage of DC pts worth recently. Could I pass at $12-$14k?
3 bedroom Plat Annual OF
5975 DC pts * $13.32/pt = 79467.50
@15% = $11,920
@17% = $13,509
@20% = $15,893
Other 2Bed Plat OS Annuals have passed recently at just under 15% and just under 16% of their DC pts worth. Would 3 bed Plat OF command a higher percentage/premium to avoid ROFR?
Ignore all of that and get the best price you can. Here is why:
1. Marriott cannot exercise everything because they can only hold so much unsold points inventory at any given time.
2. They stopped exercising at the reported thresholds last July and have not started back up. There is a chance you could pass at $5k.
3. Some ROFR fail reports are bogus because there are known brokers that will lie to put a floor on the eBay or offer price.
4. Depending on who you buy from the ROFR amount may be higher than your out of pocket price due to commissions and fees. Because of this some of the ROFR reports are understated but it is helpful to know what your purchase is being submitted at.
I've bought a ton of weeks lately and haven't had a fail yet but waiting for the verdict on most of them. I have some really good tests coming with 3BR Grande Vista Platinum and 2BR Barony Platinum.
Thanks. Good info! Just unsure what to offer. Don't want to overpay, as I'm always in the hunt to get the best price possible. Given 3 Bed, Plat, OF....I'm wondering if Marriott might have interest. Sounds like I should reach out to several sellers/brokers and see what is the best price I can find.......vs offering based on what I think may get under ROFR?
Great thought. Only downside is two maint fees. I would want OF, as the OS views aren't quite enough for me at Ocean Pointe.
Where are the 2 bedroom OF villas situated within the buildings?
Looks like several Ocean Pointe weeks posted on the ROFR www.rofr.net database recently. All passed at pretty good price points in my opinion.
Anyone have ROFR info or experience purchasing a 3 bedroom Plat Annual OF? I am looking at one of those. Thinking under $15k is a good price, but wondering now if I could pass ROFR at a lower price point given the recent ROFRs posted at a lower percentage of DC pts worth recently. Could I pass at $12-$14k?
3 bedroom Plat Annual OF
5975 DC pts * $13.32/pt = 79467.50
@15% = $11,920
@17% = $13,509
@20% = $15,893
Other 2Bed Plat OS Annuals have passed recently at just under 15% and just under 16% of their DC pts worth. Would 3 bed Plat OF command a higher percentage/premium to avoid ROFR?
My Barony Platinum OS passed ROFR at $4,500
I just found out that my Barony Platinum OS just passed at 8%. That is a confirmed amount and waiver. Don't pay any more than you have to.
My Barony Platinum OS passed ROFR at $4,500
I just found out that my Barony Platinum OS just passed at 8%. That is a confirmed amount and waiver. Don't pay any more than you have to.
Given high owner occupancy at Ocean Pointe, question is...whether I could get 4th floor or higher in OF if booking a single week at 12 months out?