Marriott ROFR info... reported sales from past two months

[rikkis_playpen]

More Marriott ROFR info... 8/26/09

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ROFR decisions from the last few weeks. Only posted the lowest price waived for each season/view type (so in some cases these specific numbers may not be indicative of the current market- but just an example of a fantastic bargain) . Still no reports from any cooperating brokers of Marriott exercising ROFR on any contracts..

(X= Marriott exercised ROFR / W= Marriott waived ROFR and sale going through to the buyer ).


Aruba Surf- annual 2br OV plat- $19,000- W
Aruba Surf- annual 2br GV gold- $12,750- W

Barony Beach- annual 2br OS plat- $15,900- W
Barony Beach- annual 2br GV plat- $13,000- W

Cypress Harbour- annual 2br sport- $4,305- W


Desert Springs II- annual 2br white- $5,500- W

Grande Ocean- annual 2br OS Silver- $5,500- W

Grande Vista- odd 2br plat- $6,600- W
Grande Vista- annual 2br plat- $9,500- W
Grande Vista- annual 3br plat- $14,000- W

Harbour Lake- odd 2br plat- $4,000 - W
Harbour Lake- annual 2br plat- $5,000 - W

Kauai Beach Club- annual 1br OV plat- $10,500- W

Ko Olina- annual 2br MV plat- $14,250- W
Ko Olina- annual 2br OV plat- $20,000- W
Ko Olina- annual 2br OV plat (2 weeks)- $37,000- W

Maui Ocean Club- annual 1br OV plat- $12,000- W
Maui Ocean Club- annual 1br MV plat- $8,000- W

Newport Coast- annual 2br gold- $8,500 W

OceanWatch- annual 2br OS plat- $21,000- W

Royal Palms- annual 2br red- $6,400- W

Shadow Ridge- annual 2br plat- $9,500- W

[cookincheri]

Hi,
Can anyone explain the whole resale experience. Should you buy a resale from the Marriott or a private buyer? Also please explain the acronyms! I am very interested in buying a timeshare with the Marriott but I want info from owners, in their own words.

Thanks!

[thinze3]

When you buy retail or from the developer, you are buying directly from Marriott. If you are buying resale, typically you are buying from an individual and can expect to pay about half (or less) of what Marriott charges. The only current difference between the two purchases is that those who buy from Marriott have the right to give their week to Marriott and in exchange for Marriott Reward Points if they wish.

Marriott has the Right Of First Refusal (ROFR) at every sale for eternity on most resorts. If Marriott thinks the sale price is low enough, and they have a need for that unit, they may execute ROFR and buy the unit, leaving the buyer ouit in the cold. Marriott has NOT been exorcising its ROFR for many months now.

Not to be confused:
When a resort is sold out, Marriott may also buy back inventory directly and/or use its ROFR to replenish inventory. Once Marriott does this and "re-sells" a unit at full retail price, the buyer would technically be buying a "resale" through Marriott. A buyer of a resale unit from marriott has the same ability to trade for points as those who bought new.

As you can see posted above, with Marriott not exorcising its ROFR, some unbelievable bargains can be had. In a few months, as we near maintenence fee season, even bigger bargains will probably be available.

[cookincheri]

Thank you so much for the lesson. I really appreciate it. I will use this info to make an informed purchase!

[brigechols]

Originally Posted by thinze3

As you can see posted above, with Marriott not exorcising its ROFR, some unbelievable bargains can be had. In a few months, as we near maintenence fee season, even bigger bargains will probably be available.

Is it likely that 2009 MF are outstanding for these bigger bargains?

[rikkis_playpen]

Outstanding fees should not be a concern for a buyer if the closing is handled by a legitimate third party closing agent, who will confirm the ownership information and account status as part of the closing process.

If the seller has outstanding fees, or even a remaining mortgage- those would have to be cleared during the closing process.

[thinze3]

Originally Posted by brigechols

Is it likely that 2009 MF are outstanding for these bigger bargains?

3 of my 4 Marriotts were bought resale, and all of them had the fees due in one way or another. With one the seller managed to get me a wonderful July week in Hawaii (I reimbursed fees at closing). With the second I simply changed the reserved week to a higher demand and deposited it with II (for an AC). With the third week the seller had to pay the past due fees because he/she had traded the week for points to marriott months earlier and it wasn't caught until closing.

It has never been a problem. You just have to make the best of any unused weeks and/or unpaid fees, and make sure you cover your bases as the post above implies.

[Dewnay]

Another datapoint for ROFR info: 3-BR EOY at Ko Olina waived at $9,000.

[rikkis_playpen]

More Marriott ROFR info... 9/18/09

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ROFR decisions from the past few weeks. Only posted the lowest price waived for each season/view type (so in some cases these specific numbers may not be indicative of the current market- but just an example of a fantastic bargain) . Still no reports from any cooperating brokers of Marriott exercising ROFR on any contracts..

(X= Marriott exercised ROFR / W= Marriott waived ROFR and sale going through to the buyer ).


Aruba Surf- annual 2br OS gold- $13,500- W
Aruba Surf- annual 2br OS gold (two weeks)- $20,000- W

Cypress Harbour- annual 2br special- $5,500- W

Frenchmans Cove- annual 2br OV Plat Holiday- $27,200- W

Grand Chateau- odd 1br plat- $2,000- W
Grand Chateau- annual 2br plat- $10,600- W

Grande Ocean- annual 2br OS gold- $12,000- W

Grande Vista- even 2br plat- $5,500- W
Grande Vista- annual 2br plat- $8,500- W
Grande Vista- annual 3br plat- $13,000- W
Grande Vista- annual 2br gold- $6,500- W

Harbour Lake- annual 2br plat- $5,500- W

Horizons at Branson- annual 2br plat- $4,800- W

Legends Edge- annual 2br plat- $5,000- W

Maui Ocean Club- annual 1br GV plat- $9,000- W
Maui Ocean Club- annual 2br OV plat- $40,000- W

MountainSide- annual 2br gold- $4,700- W

Newport Coast- annual 2br plat- $11,500- W
Newport Coast- annual 2br gold - $8,500- W
Newport Coast- annual 2br gold (two weeks on same deed) - $14,000- W

OceanWatch Villas- annual 2br OV plat- $18,000- W
OceanWatch Villas- annual 2br OF plat- $23,000- W

Summit Watch- annual 2br gold- $5,500- W

Waiohai Beach Club- annual 2br OV plat- $21,000- W

[tonyg]

It would appear they are not buying at all, but much lower prices or a boost in sales could easily change that.