Most timeshare companies retain the right of first refusal for most of their properties. If that is a case, each owner is required to submit their purchase agreement contract to the developer and ask for a waiver. The developer may decide to exercise ROFR to purchase the subject property, thus refusing the sale to the original buyer.[citation needed] A transaction is typically exempted from ROFR if the purchaser is a direct family member.
Even though resales come at a fraction of original costs, developers are often reluctant to exercise the ROF. Many sought-after deeds change hands uninterrupted. When a developer exercises the ROFR, they become the owner and must pay the same maintenance fees and property taxes to the resort’s HOA, so they must maintain a healthy balance between inventory ready for sale and maintenance costs.