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Re: Want to sell, will wait for fair price (by Jim Y.):

Kathy, True Marriot could execute ROFR...If the price is right (agreed vefore purchase) they won't and it would still be substantially lower then what the developer pushes. Worst case IMHO you have the thing rented out to cover your costs. i would let the buyer know that if they execute ROFR it is because they didn't offer enough. Not your fault. It will make them agree to a higher amount and rightfully so. Sometimes these things slip right thru anyway, but i would use ROFR to my benefit and try to get a higher offer.They may say no I want to offer this lower amount, be nice, let them, and then they go to the presentation. After they here the developer price and are able to add the rent cost as part of purchase they will probabally offer more and that will probabally make it more than Marrriot wants to buy back for. Plus either way you win cause its rented and they have to buy back for that amount, right? I don't know it would work for sure...Its not my idea, but in theory it sounds pretty good. Jim