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Finally A Decision!

cds62

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So imagine my surprise today as I was sitting on the beach in Waikiki. I got a phone call from the broker that I bought the Manor Club platinum from on Ebay last month and he told me that it passed ROFR at the $7600 purchase price. I guess I got the bargain of the week.
 

dioxide45

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Marriott Grande Vista
Marriott Harbour Lake
Sheraton Vistana Villages
Club Wyndham CWA
So imagine my surprise today as I was sitting on the beach in Waikiki. I got a phone call from the broker that I bought the Manor Club platinum from on Ebay last month and he told me that it passed ROFR at the $7600 purchase price. I guess I got the bargain of the week.

Great deal. Make sure you add your details to the ROFR Experience website at http://dioxide45.tripod.com/rofr.html
 

JimIg23

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Excellent, good for you! That proves what most say here on TUG, you never know about ROFR.
 

CMF

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And the broker was . . . ?

So imagine my surprise today as I was sitting on the beach in Waikiki. I got a phone call from the broker that I bought the Manor Club platinum from on Ebay last month and he told me that it passed ROFR at the $7600 purchase price. I guess I got the bargain of the week.

I'd like to know. Is there any reason to keep the identity under a bushel?

Charles
 

m61376

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Marriott Aruba Surf Club 2 & 3BRs
Congrats on a great purchase! Just proves Daves point- ya never know... if you let the fear of ROFR determine your negotiated price, you may pay more than you need to.
 

timeos2

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Reel in the big one

Congrats on a great purchase! Just proves Daves point- ya never know... if you let the fear of ROFR determine your negotiated price, you may pay more than you need to.

Exactly. Do not let the silly ROFR nonsense raise your bid. Bid what it's worth to you and not a penny more. Plenty of timeshare fish in the sea to catch.
 

Sandy

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Right of First Refusal (i think!) gives the developer the right to buy back the week if it deems that the price is too low. ROFR is intended to keep certain property pricing inflated to a price level "suitable" for that particular resort or group of resorts.
 

qlaval

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Right of First Refusal (i think!) gives the developer the right to buy back the week if it deems that the price is too low. ROFR is intended to keep certain property pricing inflated to a price level "suitable" for that particular resort or group of resorts.

Almost... :)

You're right ROFR means "Right Of First Refusal".
It gives the developer the right to buy back the week if they think they can resell it easily with a nice profit.
If the margin of profit for resell is too low or if there isn't any demand or if they already have many in inventory then they will let the sale go true...

I don't think the ROFR is there to keep price stability it is there only to add profit for the developer.
If there is some kind of "stability" in the price level it is a consequence of the search for additional profit not the reason...
 

gmarine

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Great purchase. Apparently the talk of Marriott only letting units go through at around 10K was wrong.
 

taffy19

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I don't think the ROFR is there to keep price stability it is there only to add profit for the developer.
If there is some kind of "stability" in the price level it is a consequence of the search for additional profit not the reason...
Exactly and for no other reason but that. :) The developer offers you a price which you would get anyway and turns around and sells it for a profit. They look out for themselves or their investors.

Exactly. Do not let the silly ROFR nonsense raise your bid. Bid what it's worth to you and not a penny more. Plenty of timeshare fish in the sea to catch.
I also would take John's advise here if I were buying a re-sale today as you never know what the outcome will be.
 
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