Marriott and ROFR

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

There have been a few reports of ROFR going down to the 30 day window too. I only follow it at our resort and saw some pretty impressive prices get by it recently. While it doesn't bode well for supporting our developer purchases, resale buyers are smiling

Pat

Oops, we were posting at the same time - good to see you

[eglon999 Member Find all posts View Profile Close eglon999]

That is actually GOOD news...they MUST respond in 30 days or else forfeit their ROFR - so just a few more days and it will be yours.
Hopefully the escrow company has proof Marriott received the fax or email that day...I would wait until you are past the 30 days by 5 and then contact the escrow company.

OK. Thank you for this information. I had planned on making a calling to speak to the escrow company today, but will wait until next week. I guess I would be better served if I am patient!!

[dioxide45 Member Find all posts View Profile Close dioxide45]

Even though the ROFR database is available, you should always make the best deal possible for yourself and then hope it passes. Never increase your offer in hopes it will pass. In many cases Marriott may not have a need for the resort or season, they don't want to hold on to inventory. If you set your price to try and beat ROFR, you will usually end up paying too much.
Also let it be known that Marriott DOES NOT maintain ROFR to maintain market price on their timeshares. They do it to increase their bottom line. ROFR does not maintain a set market price because if they ever stop buying back though ROFR, the market price will drop. There is no guaranty.

Just and FYI, dioxide45 is a he not a she :-)

[timeos2 Senior Member Find all posts View Profile Close timeos2]

Even though the ROFR database is available, you should always make the best deal possible for yourself and then hope it passes. Never increase your offer in hopes it will pass. In many cases Marriott may not have a need for the resort or season, they don't want to hold on to inventory. If you set your price to try and beat ROFR, you will usually end up paying too much.
Also let it be known that Marriott DOES NOT maintain ROFR to maintain market price on their timeshares. They do it to increase their bottom line. ROFR does not maintain a set market price because if they ever stop buying back though ROFR, the market price will drop. There is no guaranty.

Just and FYI, dioxide45 is a he not a she :-)

Far too many people don't understand that ROFR is all for the developer and a very big negative for the owner/buyer. You have it nailed exactly right.