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StevenTing

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That's really surprising they would pay $6.50/pt. That's over half of what they charge retail for points (assuming most point buys get a small discount off the $13+ price tag). I'm wondering if someone at MVC goofed, not really realizing how your contract was worded, and exercised before they realized the mistake. Then when your second one came through they didn't make the same mistake twice. That's the only reason I could think they would exercise at that price. Hard to figure out sometimes.

My guess is they goofed because I suspect most people at MVC reviewing these are not lawyer types.

Was this a different seller from your $6.80 one and presumably happened before you got yours to pass at $6.80? On a recent post in another thread, someone said they contacted Marriott about selling their contracts (deeded weeks and DC points) and the person received more for their DC points than what they paid. If so, Marriott may be offering to buy back at somewhere between $6.50 to $6.80. I suspect Marriott is doing buy back case by case. But still, it is good news for those who may want to turn in their DC points down the road when they no longer use them.

This was a different seller. This was the transaction before my successful one. But it was with the same broker. She was surprised that they exercised.
 

Hankmoon

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It's kind of an applies and oranges comparison. And there is a certain inherent value, meaning your $75k cost (+/-) is not $75k lost. If, 10 years later, you can sell it for $65k, it cost you $10k, not $75k. And if 10 years later you can ell it for $85k, well...

I also can’t comment on whether it is worth spending $75K upfront for a MOC Napili/Lahaina 3 bedroom oceanfront. However, there will be a huge resale value left over after 10+ years and units like this would rent for over $2000+ per night on the open market, if you could find it. We own at Aulani and their 1 bedrooms rent for $1500 in peak season without a prime oceanfront view and it’s on Oahu, not as prime an island as the other ones. So I image a 3 bedroom oceanfront in Maui would cost a fortune to rent per night. I also imagine the experience of staying in an oceanfront 3 bedroom in a high quality resort like MOC Napili/Lahaina is priceless to people who can afford it.
 

taterhed

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Marriott just exercised ROFR on a Grande Vista EOY 3bdr Platinum I was trying to buy @ $995.

Figured that was going to happen......
I'll keep looking.
 

Saintsfanfl

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Marriott just exercised ROFR on a Grande Vista EOY 3bdr Platinum I was trying to buy @ $995.

Figured that was going to happen......
I'll keep looking.

That is truly a fantastic price.

I got exercised on a 2BR Habour Lake Platinum for $1,750 that I was selling. As usual we are approaching the busy season and they are exercising ROFR more than usual.
 

taterhed

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Yeah, I should have 'bumped' it to 1500....but didn't know the broker
 

Saintsfanfl

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Yeah, I should have 'bumped' it to 1500....but didn't know the broker

There is nothing wrong with asking if they are adding in any commission fees to come to a higher gross price or if they are submitted it at the $995 but I am not a fan of paying more than the arrived Fair Market Value. I have seen Marriott pass on $100 and exercise on $1000 and there are always more units to buy and the prices continue to go down and not up. Never pay more to pass unless it is a unit that is hard to find and you really want.
 

chemteach

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Marriott just exercised ROFR on a shadow ridge enclaves 2BR deluxe platinum for $3000. I was bummed. When is slow season? I figured I'd try again maybe next fall...
 

Steve Fatula

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Marriott just exercised ROFR on a shadow ridge enclaves 2BR deluxe platinum for $3000. I was bummed. When is slow season? I figured I'd try again maybe next fall...

Darn. For me too maybe, have a $2,000 DSV2 RED pending ROFR.
 

dioxide45

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New year, perhaps new budget and money to spend on ROFR. Wait till year end when they have burned through their stash.
 

chemteach

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New year, perhaps new budget and money to spend on ROFR. Wait till year end when they have burned through their stash.
That's what I was thinking... Still bummed though .I was looking forward to owning in Palm desert. Used to exchange in with Westin but they never deposit spring weeks any more.
 

Steve Fatula

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That's what I was thinking... Still bummed though .I was looking forward to owning in Palm desert. Used to exchange in with Westin but they never deposit spring weeks any more.

I'll post back once I hear about ROFR on mine. My realtor says they just closed one for the same price, $2,000 so hopeful. Sometimes, it seems like luck. The way I look at it, there's a lot of people trying to sell that cannot. So, I am at a minimum doing them a favor by making Marriott buy them back. If they exercise enough of them, they may not want any more. I don't mind submitting offers on a dozen properties if it takes that many.

Palm Desert is my favorite place to go. We've gone there around 20 years in a row and continue to love it in February. Hard to beat the weather in the US around that time.
 
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GregT

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Marriott: Maui Ocean Club Lahaina Villas (3BRx5), Ko Olina, Shadow Ridge II, Willow Ridge, Aruba Ocean Club, DC Points HGVC: Flamingo, Sea World, I-Drive, Starwood Bella (x4), SDO, TradeWinds, Worldmark
Marriott just exercised ROFR on a shadow ridge enclaves 2BR deluxe platinum for $3000. I was bummed. When is slow season? I figured I'd try again maybe next fall...
Those are hard to find - I searched for a long time to find one for sale and paid $4K for it so I think you are close to what will pass.

Plus they are supposed to expand Shadow Ridge one of these years and when they do, hopefully Rofr will slow down.

Good hunting!

Best,

Greg
 

TXTortoise

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Update on the Marriott Waiohai purchase.

PASSED ROFR today!
Two ANNUAL island view deeds for $5500 each. That is same asking price that EOY had one year ago.

I saw these on Redweek. Since I started that purchase, at least one more annnual island view is up for sale right at $5000. There are two more at just under $6000.
I didn't try to talk owner down on price; $5500 is very reasonable in my book.
Ocean View are still asking over 2x.

I have a seller that just wants out of MFs and while i'd like to buy it dirt cheap, I'm guessing it wouldn't pass ROFR. ;-)

ROFR.net still has some pretty high values, so debating whether $2K would pass for EOY or $3-4K for EY.

What I haven't been able to find is a data point of Marriott exercising ROFR on Waiohai.

Thoughts?
 

JIMinNC

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I have a seller that just wants out of MFs and while i'd like to buy it dirt cheap, I'm guessing it wouldn't pass ROFR. ;-)

ROFR.net still has some pretty high values, so debating whether $2K would pass for EOY or $3-4K for EY.

What I haven't been able to find is a data point of Marriott exercising ROFR on Waiohai.

Thoughts?

I can't find which thread it was in, but I recall someone posting a few weeks ago that they had passed ROFR on a EOY Waiohai at $2500. But my recollection is it was from an eBay seller and it sounded like the seller had bundled some upfront fees and/or closing or other costs into the ROFR submittal price. If that's the case, the "real" ROFR price that Marriott waived on was greater than $2500, but he got it for $2500 as his cost.

I was also considering an EOY Waiohai to go with our just purchased EOY MOC, and actually considered a month or so ago going ahead and trying to buy something so we could have the current owner reserve it for 2019 to match with our new MOC, but opted to wait and book our Kauai week for 2019 with a combination of our legacy Barony elected points and some rented points. I didn't want to jump the gun and buy a Waiohai in case I found a good deal on another MOC unit before our next use year in 2021.
 

taterhed

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I have a seller that just wants out of MFs and while i'd like to buy it dirt cheap, I'm guessing it wouldn't pass ROFR. ;-)

ROFR.net still has some pretty high values, so debating whether $2K would pass for EOY or $3-4K for EY.

What I haven't been able to find is a data point of Marriott exercising ROFR on Waiohai.

Thoughts?

Good luck with that. They are still buying higher than that (assuming MF's are current).

My guess is that currently, an MF Waiohai EY is over $5k and about $2.5+ on the EOY's.
Just a guess.
 

Steve Fatula

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My suggestion is talk to a timeshare realtor who does a lot of sales. While rofr.net is a good resource, it's not confirmed data either and it is far from complete. Actual sales data on a more widescale basis to me is more useful. It still would not provide any guarantee of course, but data is always a good thing. PM me if you want a reference.
 

MOXJO7282

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Maui Ocean Club Napili OF Odd EOY passed. Total all-in price of $15k. Nice added value is the prime Feb check-in date the seller secured for me.
 

Saintsfanfl

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I have a seller that just wants out of MFs and while i'd like to buy it dirt cheap, I'm guessing it wouldn't pass ROFR. ;-)

ROFR.net still has some pretty high values, so debating whether $2K would pass for EOY or $3-4K for EY.

What I haven't been able to find is a data point of Marriott exercising ROFR on Waiohai.

Thoughts?

Any attempt at nailing down an ROFR threshold is an exercise in futility. Even when you think you have it, you do not. They will exercise on $1,000 and a month later pass on $100. There are many variables that go into it.

I know from experience that one pattern is maintenance fees already paid after the turn of the year vs fees not yet paid in December. One way to greatly increase the chance of passing ROFR is having a unit that starts usage past a year that remains unpaid.
 

JIMinNC

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Any attempt at nailing down an ROFR threshold is an exercise in futility. Even when you think you have it, you do not. They will exercise on $1,000 and a month later pass on $100. There are many variables that go into it.

I know from experience that one pattern is maintenance fees already paid after the turn of the year vs fees not yet paid in December. One way to greatly increase the chance of passing ROFR is having a unit that starts usage past a year that remains unpaid.

I'm not sure I follow you. Can you restate? Are you saying it's more likely to pass ROFR if the Maintenance fees are unpaid?
 

taterhed

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Agree with @Saintsfanfl : Apparently Mother Marriott is apparently not fond of exercising ROFR with MF's unpaid and usage committed or deposited vs a fully paid unit with unassigned occupancy available for transfer.
 

Saintsfanfl

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I'm not sure I follow you. Can you restate? Are you saying it's more likely to pass ROFR if the Maintenance fees are unpaid?

Yes, it is more likely to pass ROFR if the usage is gone and the billed fees are unpaid. I believe this is why there are so many that pass towards the end of the year and so many that are exercised after the turn of the year when the usage and fees align a year out.
 

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Any guesses as to the current ROFR threshold for an annual 3bed at Grand Chateau?
 

dioxide45

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Yes, it is more likely to pass ROFR if the usage is gone and the billed fees are unpaid. I believe this is why there are so many that pass towards the end of the year and so many that are exercised after the turn of the year when the usage and fees align a year out.
I think this goes along with how long it takes them to end up conveying the weeks to the trust. It is probably about a six to nine month process from when they exercise to when they actually have points they can sell. Three months probably to close on the ROFR transaction and then another six as they convey the weeks to the trust and bundle them all together in points conveyances. So at the end of this year if they have 2019 usage available and the MFs for 2019 unpaid, they really don't want to take that as it will be September or later of 2019 before they can sell it but they are having to pay the MFs for 2019. They won't be able to sell it with 2019 usage and have to take the MF hit on the transaction.
 

Theiggy

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I think this goes along with how long it takes them to end up conveying the weeks to the trust. It is probably about a six to nine month process from when they exercise to when they actually have points they can sell. Three months probably to close on the ROFR transaction and then another six as they convey the weeks to the trust and bundle them all together in points conveyances. So at the end of this year if they have 2019 usage available and the MFs for 2019 unpaid, they really don't want to take that as it will be September or later of 2019 before they can sell it but they are having to pay the MFs for 2019. They won't be able to sell it with 2019 usage and have to take the MF hit on the transaction.
New to timesharing. I am in the process of buying Marriott’s Aruba Surf Club EOY - passed ROFR on 2/8/18 at $1400. I just had an offer accepted on an EOY Marriott Harbour Lake for $450. I’m holding my breath it passes!!!!
 

Dean

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New to timesharing. I am in the process of buying Marriott’s Aruba Surf Club EOY - passed ROFR on 2/8/18 at $1400. I just had an offer accepted on an EOY Marriott Harbour Lake for $450. I’m holding my breath it passes!!!!
I just had my HL week added to my MVC account. Annual HL Platinum $811 all in including closing with seller paying Maint fees and I get the 2018 week.
 
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