Hi All,
I recently signed a contract to sell one of my Marriott properties. I just received an email from Marriott that they are exercising ROFR. So a few questions for anyone who has sold a timeshare that was ROFR'ed. How does this work??? Will Marriott send me a deed to sign and then send me a check when the deed is recorded? The agreement included that the broker would be paid $1500 in addition to the cost of the timeshare, so the amount for the ROFR is more than my asking price. The broker says they sent this contract to the Marriott ROFR department. Will Marriott send them a check for the $1500, and me a check for my asking price? Or does Marriott send me a check for the full amount, and I send a check to the broker for the $1500? This is the first time I have dealt with Marriott ROFR. Any ideas how long Marriott takes to do the deed transfer and then send the check? Thanks in advance for any help/information!
I recently signed a contract to sell one of my Marriott properties. I just received an email from Marriott that they are exercising ROFR. So a few questions for anyone who has sold a timeshare that was ROFR'ed. How does this work??? Will Marriott send me a deed to sign and then send me a check when the deed is recorded? The agreement included that the broker would be paid $1500 in addition to the cost of the timeshare, so the amount for the ROFR is more than my asking price. The broker says they sent this contract to the Marriott ROFR department. Will Marriott send them a check for the $1500, and me a check for my asking price? Or does Marriott send me a check for the full amount, and I send a check to the broker for the $1500? This is the first time I have dealt with Marriott ROFR. Any ideas how long Marriott takes to do the deed transfer and then send the check? Thanks in advance for any help/information!