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Hgvc rofr

1Kflyerguy

1Kflyerguy

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CTighe said:
Just picked up a 7000 annual Seaworld for $2300, what are the chances it's passes ROFR?
Click to expand...
Probably pretty good chance it passes. HGVC does not seem to be buying much if anything back right recently.

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J

Jason245

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Please let us know what happens. It would be awesome to learn that prices have dropped that low. .

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Not sure, but that $2,300 may just be Judi's fee. Sounds like the Seller just wanted out. In any event, if HGVC does not exercise ROFR all are happy.

I thought 2009-10 saw very low prices. Seems that a substantial decrease has occurred even since then.
 
Cyberc

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phil1ben said:
Not sure, but that $2,300 may just be Judi's fee. Sounds like the Seller just wanted out. In any event, if HGVC does not exercise ROFR all are happy.

I thought 2009-10 saw very low prices. Seems that a substantial decrease has occurred even since then.
Click to expand...

Are Judi charging that much to sell a HGVC timeshare:eek:

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Jason245

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phil1ben said:
Not sure, but that $2,300 may just be Judi's fee. Sounds like the Seller just wanted out. In any event, if HGVC does not exercise ROFR all are happy.

I thought 2009-10 saw very low prices. Seems that a substantial decrease has occurred even since then.
Click to expand...
No rofr exercise equals the floor falling out.. buy in will keep falling.

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Has anyone heard of Hilton exercising their ROFR before any contracts have been signed. Now I'm being told that Hilton is going to buy back the unit. They said this over the phone with Judi
 
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Congratulations what a great price... ! I paid a lot for mine and still waiting for it..:shrug:

CTighe said:
Just picked up a 7000 annual Seaworld for $2300, what are the chances it's passes ROFR?
Click to expand...
 
presley

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Cyberc said:
Are Judi charging that much to sell a HGVC timeshare:eek:

Regards
Click to expand...
She charges $2,000. unless the timeshare sells for less than a certain amount, maybe $1500 or $2,000. Then, she only charges $1,000. As someone who has sold through her before and currently has another for sale through her, I can say her pricing is well worth it.
 
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CTighe said:
Has anyone heard of Hilton exercising their ROFR before any contracts have been signed. Now I'm being told that Hilton is going to buy back the unit. They said this over the phone with Judi
Click to expand...
I would sign contract as is.. and if she says they exercised demand to see evidence of it..

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RX8

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CTighe said:
There is no contract for me to sign, Hilton is going into contract.
Click to expand...

Might be more to this. My understanding of the process is that you enter into contract and that contract is submitted to HGVC for them to decide if they want to assume your contract. If you didn't enter contract what could have been presented to HGVC?
 
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RX8 said:
Might be more to this. My understanding of the process is that you enter into contract and that contract is submitted to HGVC for them to decide if they want to assume your contract. If you didn't enter contract what could have been presented to HGVC?
Click to expand...

She said she called Hilton to let them know about the sale and they told her then that they will take it.
According to her Hilton just got a huge check for like 23 mil and are aggressively buying back units. That was the 9th over the last month they bought back
 
SmithOp

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CTighe said:
She said she called Hilton to let them know about the sale and they told her then that they will take it.

According to her Hilton just got a huge check for like 23 mil and are aggressively buying back units. That was the 9th over the last month they bought back
Click to expand...


This sounds reasonable to me, they get an annual budget for rofr and are more likely to use it early in the year versus late. I had two pass rofr easily in December.

The best time to buy or sell HGVC is Oct-Dec.


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J

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CTighe said:
She said she called Hilton to let them know about the sale and they told her then that they will take it.
According to her Hilton just got a huge check for like 23 mil and are aggressively buying back units. That was the 9th over the last month they bought back
Click to expand...
I call bull shiza. ..

If buyer accepted an offer from you, then hilton can not take the contract legally until they exercise rofr.



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dsmrp

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CTighe said:
There is no contract for me to sign, Hilton is going into contract.
Click to expand...

It's disappointing but it doesn't sound right to me. So why was it offered to you at all? If price is so low, why wouldn't the RE agent, just call up Hilton and say I've got a seller who is willing to sell for 'n' dollars, do you want to contract back for it? Does HGVC need a potential buyer, just as a formality for ROFR?
 
1Kflyerguy

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That is an interesting change, i had not heard of the increase in ROFR activity.. At their last investor presentation Hilton stated they had 6 years of timeshare inventory at the present sales rate...

Seems a bit odd that they would be buying back more right now, particularly with all the new development.. Will be interesting to see of the inventory is up next week when they report earning..

Sorry these deal does not seem to be working out for you, suggest you keep trying as something will go through
 
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Seth Nock, another recommended broker, told me Hilton is exercising ROFR on platinum units. He's lost 12 in the past month.
 
Tamaradarann

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Hilton Buying Platinum Units

linsj said:
Seth Nock, another recommended broker, told me Hilton is exercising ROFR on platinum units. He's lost 12 in the past month.
Click to expand...

From Hilton's perspective they should be concentrating on buying Platinum units and letting the others go for whatever the market will support. The Platinum units are in the more desirable season and are more desirable to sell. The other units are a harder sell because they give preference to the less desirable season as well as less points to use wherever the points are used. Every owner of the same size unit pays the same maintenance regardless of season. So the number of maintenance paying members is important not what season they own.
 
bevans

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I recently bought a 7000 Flamingo for $3600 which I know will pass rofr since Flamingo does not have this hanging over it's contracts. This will be my third HGVC (2) 7000 and (1) 4800. These are all platinum contracts. The reason I added another is simply because I used to use open season to fill in when I ran short of points. With the new rates using open season in platinum season no longer makes any sense. I ran the numbers and adding more platinum points makes more sense. As an added bonus the Hawaii hotel tax on open season is about 13% versus 3% for using points. Curt
 
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Seems like the going rate for 7000 point platinum is $7000, what would you put a value on 7000 point gold season
 
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Wgk101

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Bevans. Was that you that bought the eBay contract the other day. Man you got a deal
 
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