Just Put A Low-Ball Offer On A Marriott Custom House

[Beaglemom3 Senior Member Find all posts View Profile Close Beaglemom3]

I have no shame, no shame whatsoever.

Decided to roll the dice on a Marriott Custom House, but not from Marriott.
As much as I'd like to have those great Marriott points, I'd rather have the cash in pocket.


If accepted (very doubtful), it will probably not pass ROFR.


Here's my secret shame:

Marriott CH Platinum Week (19-46)
Asking $13.5k (has been for sale for over a year)
El-cheapo here offered $9k hoping for a counter offer.

Any advice on strategy ?

If I get it, great. If not, nothing ventured..................... (like I don't have enough timeshares !)

Thanks !

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

Is that a very very lowball offer? It doesn't seem so bad to me.

[Beaglemom3 Senior Member Find all posts View Profile Close Beaglemom3]

Oopsie, I thought it was.

From my off/on searching for one over the years, I think it is ????

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

No, I don't know, I really am asking.

What do they actually sell for? I don't see them on eBay very often, so I assume the resale market isn't that active yet--aren't they fairly new?

I don't think offering $9k on ANY $13.5K timeshare that's been on the market a long time is insulting. It's worth a shot, especially if you're willing to come up.

[arlene22 Senior Member Find all posts View Profile Close arlene22]

I got my Manor Club with a lowball offer and it passed. Maybe yours will too. What is the retail price? I think I've heard people say that the ROFR is usually triggered somewhere around 60% of the retail price.

[dougp26364 Senior Member Find all posts View Profile Close dougp26364]

I haven't priced Custom house but I think there's a reason it's been on the market for over a year at 13.5K without any takers. 9K doesn't sound all that low to me for a 1 bedroom unit, even if it does have a good/great location on Boston.

Now if you said you offered 4 or 5K I might agree you really gave them a low ball offer. If it's been on the market for over a year, I would like to think they'll accept your offer. There's a Marriott ROFR website someone has up but, I'm at work now and don't have the adress. I'll try to remember to look it up and post it for you later tonight.

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

There was a $10.5K one offered on Redweek that's been sold. Don't know if it made it past ROFR, or if it was Platinum, but it was offered for $10.5K, so I don't really think you're too far off the real market value. Hope you get it!

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

I'm not well versed on Marriott prices, but I think you made a very good offer and I would not suggest going any higher.

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

If your seller would accept the offer, or even $500 more - I think it would pass ROFR....actually, pm Dave M and ask if this resort even HAS ROFR - it may not.

[dougp26364 Senior Member Find all posts View Profile Close dougp26364]

Here's the link to the Marriott ROFR site.
ROFR

Unfortunately, there is no information on Custom House. Perhaps you could be the first to enter information for this particular site.

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

Here's the link to the Marriott ROFR site.
ROFR

Unfortunately, there is no information on Custom House. Perhaps you could be the first to enter information for this particular site.

which is making me think (as this is an older property) that there IS no ROFR - Hoc purchased one 4-5 years ago for a song.

Fairway Villas also does not have ROFR in the contract either.

[Beaglemom3 Senior Member Find all posts View Profile Close Beaglemom3]

Maybe I offered too much ? My offer was good for 24 hours (my contingency), so if I did, then I can rescind.

I'll email Hoc now.

Thanks to all.

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

Maybe I offered too much ? My offer was good for 24 hours (my contingency), so if I did, then I can rescind.

I'll email Hoc now.

Thanks to all.

Things are worth what they are worth to you..... if u r comfortable with what u offered - so be it.

What does Marriott sells these weeks for? If u r in for less then half, it is a good deal.

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

Things are worth what they are worth to you..... if u r comfortable with what u offered - so be it.

I agree. I don't think you would get it for a lot below $9K and the seller might well get so annoyed with a really lowball bid that he wouldn't enter into negotiations with you, period. It's hard to know where to start, but $9K seems like a reasonable number.

[Bill4728 Super Moderator Find all posts View Profile Close Bill4728]

Keep us up to date.

I love the Custom House and would be thrilled to be able to pick one up for about $9000. ( that is, if my DW lets me even think about buying another TS, LOL)