Original Message:
I have 2 MARRIOTT weeks and thinking of buying a third through an individual. (by R P.):
carolynm64 wrote:What is ROFR? I own 2 Marriott weeks but considering Royal Haciendas in Playa de Carmen.Im thinking of selling 1 of my Marriott weeks, do I need to contact Marriott first? Do they do the transaction or do I have to find a closing company? Who pays the cost - the seller or buyer?
I did not see anything for Haciendas on ebay.
ROFR meant Marriott's 'right of first refusal' .... Marriott formerly had to okay any resale prices before a transaction was to be completed, but in this economy they're not doing that anymore .... that's why you could get a really good price on a Marriott timeshare now. As far as you selling one of your Marriott's if you bought directly from Marriott, you will not get anywhere near what you paid initially.
You do not have to contact Marriott, just place the ad with a price that is reasonable depending on what other weeks have sold for during the time you own = supply and demand, and again you have to remember this is probably the worst time in the timeshare industry to sell a timeshare, so you have to price your week very competitively.
The buyer normally pays closing costs but many sellers are offering to pay it to get rid of their timeshare and the burden of yearly maintenance fees.
A reputable closing company is www.timesharetransfer.com and Redweek recommends American Title.