ROFR metric / Ongoing ROFR Activity

[Theiggy]

I can’t find the post on how to check on the status of a ROFR. My closing agent is away until the 18th, but I’d like to find out the status on a Grand Chateau EBay purchase.

I don’t know the answer to your question but my guess is you can call MVC? Just curious- what season was your GV?


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[hajjah]

It’s a 2 bedroom lockout -gold season EOY Even.

 

[hajjah]

I received my closing documents today for signatures and a copy of the waiver. So, things are moving along nicely.

 

[hajjah]

So, my Grand Chateau did not pass. Information added to ROFR.net.

 

[Saintsfanfl]

Ok, I thought I had found something on TUG a while back detailing how to go to the registrar of deeds for the county where the timeshare is located. Thanks

ROFR is something internal to Marriott only and not something they ever record at the county. Even if they did it would not be recorded until everything is final.

The Marriott department that handles ROFR decisions is not a department that can be readily contacted. You could get there eventually but they make it difficult on purpose. It’s always easier to keep bugging the closing company.

 

[hajjah]

ROFR is something internal to Marriott only and not something they ever record at the county. Even if they did it would not be recorded until everything is final.

The Marriott department that handles ROFR decisions is not a department that can be readily contacted. You could get there eventually but they make it difficult on purpose. It’s always easier to keep bugging the closing company.

Thanks for your post. Since I’ve had 4 ROFR's in the last 2 months and 1 pass, I will be satisfied with the one and maybe try again at the end of the year. Too bad there’s no method to purchasing resales that are a guaranteed success.

 

[taterhed]

Thanks for your post. Since I’ve had 4 ROFR's in the last 2 months and 1 pass, I will be satisfied with the one and maybe try again at the end of the year. Too bad there’s no method to purchasing resales that are a guaranteed success.

There is. Bid on a property that does not have ROFR. Not all Marriotts do you know....

 

[dioxide45]

There is. Bid on a property that does not have ROFR. Not all Marriotts do you know....

Or start looking at Vistana. They only have a select few properties with ROFR>

 

[Dean]

There is. Bid on a property that does not have ROFR. Not all Marriotts do you know....

It's mostly older properties (+NJ & St Thomas) that don't have ROFR, there are 13 IIRC total if you count Vail as 3.

 

[Steve Fatula]

Thanks for your post. Since I’ve had 4 ROFR's in the last 2 months and 1 pass, I will be satisfied with the one and maybe try again at the end of the year. Too bad there’s no method to purchasing resales that are a guaranteed success.

Bid a million dollars, you would be guaranteed success!

Failing that, perhaps you are offering too low a price?

 

[taterhed]

Of course, you can just play the 'Rofr Roulette..' you never know where the wheel will land. Sooner or later, you'll get something.

There are some amazing reports on the forum......

 

[hajjah]

I received my closing documents today for signatures and a copy of the waiver. So, things are moving along nicely.

Update: The new deed was sent to the resort yesterday. This entire process took less than 30 days. Magical Reality was great! Thanks for suggesting them as one of the companies to use.

 

[bazzap]

Club Son Antem Gold Season 2 Bed passed ROFR at €1700 ($1997) total cost
Just added to rofr.net

 

[taterhed]

Nice

 

[johnf0614]

Just lost on a 2BR platinum grande vista EOY for $1599


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[Vacation fun]

It appears that Marriott is using more there ROFR latetley and is aggressive buying more weeks? Has anyone else notice this also? What are your thoughts on this? Also do they just look at the price or look to see who is buying to stop repeated buyers just wondering.

 

[hajjah]

I can’t figure it out. Only one of my five attempts to purchase passed recently. I thought it was about the price or buying via EBay, but there are weeks that have passed for $1 and under $500.

 

[johnf0614]

I’ve lost on 3 attempts at Grand Chateau and Grande Vista the past 4 months. Trying again now at Grand Chateau.


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[taterhed]

I lost an MGR 3br EOY....I think they are grabbing the MGV/MGR's for some purpose...Hybrid, resale, trust, who knows?

 

[StevenTing]

It appears that Marriott is using more there ROFR latetley and is aggressive buying more weeks? Has anyone else notice this also? What are your thoughts on this? Also do they just look at the price or look to see who is buying to stop repeated buyers just wondering.

In my last owner update in June 2018, the sales rep said that Marriott had $180 Million set aside for ROFR. This could be the result of that money.

 

[californiagirl]

The property I’m waiting to hear about has a 15 day ROFR. Are those business days or calendar days? Are they legally required to respond within that time period? If they don’t respond within 15 days, but respond on day 17 say, are they out of luck?

 

[Dean]

The property I’m waiting to hear about has a 15 day ROFR. Are those business days or calendar days? Are they legally required to respond within that time period? If they don’t respond within 15 days, but respond on day 17 say, are they out of luck?

I think they respond to the seller, it's not uncommon for the buyer to hear later.

 

[taterhed]

Legally, as specified in the specific terms for the resort/property, if they fail to reply, then the right is (or isn't ) waived. You'd need to reference the specific ROFR statement that applies. I assume they are in the docs and not blanket based on the many variations. Good luck getting them to sign off if they choose to fight it.

I'm sure somebody has the written statement of ROFR for the resort you're waiting on....

 

[Dean]

Legally, as specified in the specific terms for the resort/property, if they fail to reply, then the right is (or isn't ) waived. You'd need to reference the specific ROFR statement that applies. I assume they are in the docs and not blanket based on the many variations. Good luck getting them to sign off if they choose to fight it.

I'm sure somebody has the written statement of ROFR for the resort you're waiting on....

But the requirement is normally to respond to the seller and the response normally doesn't have to be received, only sent (postmarked, email, etc) by the required date. I'm not awar

 

[Dean]

duplicate