ROFR Exercised/Passed

[Leadfoot]

From where did you buy that? Was it an eBay purchase?

Yes, eBay.

Nice deal and the transfer was fast. Who did you use to transfer?

A favor, please enter this into rofr.net

VOCC was the closing company. I already added to rofr.net

 

[JIMinNC]

We just got notice today that the deed transfer is complete.

Platinum Season 7,000 points annually. Our home resort is Tuscany Village in Orlando. We paid $1,935.00 (purchase price $1,526 plus resort transfer fee $409). Annual maintenance fees are $1,289 (MF + RE Taxes). We do not get to use it until 2020.

Purchase agreement signed on Jun 14. Hilton signed the waiver on Jun 21. Deed transfer completed on July 22.

I did a lot of research before buying and feel like we got a good deal. Our MFs may be a little high, but the purchase price was significantly lower than $1/point. We are excited to start using HGVC. This is our first timeshare. We plan to use the 7,000 points in the Gold weeks for a 1 bedroom, so we should be able to get 2 full weeks out of our purchase. Our son visits a waterski coach in Florida every year, so 2 weeks in Orlando works out great for us.

Yes, eBay.

Just FYI, since this was an eBay sale, the price that was submitted to HGVC for ROFR may not have been your $1526 contract purchase price. Many of the eBay sellers are companies who charge the seller big upfront fees to exit their timeshare, then they bundle that upfront fee paid by the seller into the ROFR submittal price. So, the price HGVC waived may have been a lot closer to the $1/point yardstick than what you actually paid. That doesn't impact you, but it does serve to distort the statistics on ROFR.net. A $1526 sale price may not be representative of the price that would clear ROFR when buying through a traditional broker who doesn't play games or via a private sale.

 

[eyes1227]

ROFL Passed 8/6/19
HGVC on Blvd Vegas
2 Bedroom Gold
Every Year
5,000 Points
$2675

 

[CalGalTraveler]

ROFL Passed 8/6/19
HGVC on Blvd Vegas
2 Bedroom Gold
Every Year
5,000 Points
$2675

Are you ROFL because it passed? (Congrats on a terrific deal)

 

[sensui]

ROFR waived by Hilton on 8/2 for Elara platinum season 7000 pts (1 Bedroom Grand). Closing statement/signatures all submitted/deed transfer notarized by seller on 7/25 with payment. $7000 as sales price, MF for 2019 reimbursed to seller for 2019 pts they paid for already. Used Diane Nadeau (Timeshare Broker Sales) and Karina Ottinger from TRCS Inc. Super smooth and easy all the way with crystal clarity. Thanks for the help and info TUG!

 

[dayooper]

ROFR waived by Hilton on 8/2 for Elara platinum season 7000 pts (1 Bedroom Grand). Closing statement/signatures all submitted/deed transfer notarized by seller on 7/25 with payment. $7000 as sales price, MF for 2019 reimbursed to seller for 2019 pts they paid for already. Used Diane Nadeau (Timeshare Broker Sales) and Karina Ottinger from TRCS Inc. Super smooth and easy all the way with crystal clarity. Thanks for the help and info TUG!

Congrats, nice purchase. Can add your transaction to rofr.net ? Thanks!

 

[Hsahota1]

ROFR waived by Hilton on 8/2 for Elara platinum season 7000 pts (1 Bedroom Grand). Closing statement/signatures all submitted/deed transfer notarized by seller on 7/25 with payment. $7000 as sales price, MF for 2019 reimbursed to seller for 2019 pts they paid for already. Used Diane Nadeau (Timeshare Broker Sales) and Karina Ottinger from TRCS Inc. Super smooth and easy all the way with crystal clarity. Thanks for the help and info TUG!

Great price, congrats! What were the closing fees?

 

[csodjd]

Great price, congrats! What were the closing fees?

I don't have final figures yet. I did opt for title insurance, so that'll increase it a bit.

 

[sensui]

Great price, congrats! What were the closing fees?

Closing costs: $425
Title search/insurance: $300
Admin Fees from Timeshare Broker Sales: $150
HGVC Transfer Fee: $409 (I don't think this is part of the closing fees but it was part of the escrow)

As I mentioned, good people to work with. Everything was super clean and clear.

 

[csodjd]

I've bought a number of timeshares now. I still wonder whether title insurance is worth it. It's always annoyed me what it cost for title insurance when you buy a home.

 

[cowboyfan]

Thanks to two TUG members (@dioxide45 and @JPrisco) HGVC has been added to the www.rofr.net database. Please report all activity both failed and passed for any Hilton TS which you either purchased or sold. We should be able to then predict when Hilton with exercise ROFR once we get enough data in the database.

I am offering $2/point to purchase resale HGVC West 57th Street for 5250 points annually. The broker says the offer is too low and I should raise my bid. Any experience with buying at West 57th Street New York?

 

[CalGalTraveler]

@cowboyfan It's low but go ahead and try it. There is plenty of inventory out there so you can keep trying with another deal if ROFR hits. HGVC runs out of ROFR budget near the end of the year so you may get lucky. Please report back on your sale. Good luck!

 

[cowboyfan]

Is HGVC end of year on Sept 30 or on December 31? My broker is saying it will take $3/point to purchase at West 57th

 

[CalGalTraveler]

Is HGVC end of year on Sept 30 or on December 31? My broker is saying it will take $3/point to purchase at West 57th

Dec 31. Your broker is correct for 95% of cases, however a few have gotten through at lower levels. You can do a search on Tug for those.

What do you have to lose by trying? It will take more time and you must be patient but the bus will come around again with more deals because maintenance fees are coming due. One may stop and pick you up!

OTOH if you want more certainty and simply want to get on with your life and vacation plans, then bid higher and get the deal. Time vs. Money.

 

[cowboyfan]

Thanks for the advice. I plan to offer in October because owners will be faced with new Maintenance Fees soon

 

[eyes1227]

Are you ROFL because it passed? (Congrats on a terrific deal)

Yes, sorry! It passed rather quickly and has pretty low MF. ($875-ish?) It was a great add to our portfolio.

 

[Anw015]

ROFL exercised 9/17/19
Anderson Ocean Club
1 Bedroom Platinum
Biennial Even
4,800 Points
$2888 all fees
$632 MF

 

[Jacqueet]

Just passed ROFR for an annual 1BR, Gold Season (5100 pts) at The District. Purchased for $3250 on eBay through The Timeshare Group. Have purchased through them before. Added the info to the ROFR.net database

 

[CalGalTraveler]

Just passed ROFR for an annual 1BR, Gold Season (5100 pts) at The District. Purchased for $3250 on eBay through The Timeshare Group. Have purchased through them before. Added the info to the ROFR.net database

That's a fantastic deal for bHC points. Do you plan to use those points primarily to get into the District? or will you use them for early pre-club access to NYC property reservations?

Also, does the District offer free (AI) reservations for a $120 fee similar to NYC? If so, that is a valuable feature that is only available to 34k HGVC elites. Congrats.

 

[Jacqueet]

That's a fantastic deal for bHC points. Do you plan to use those points primarily to get into the District? or will you use them for early pre-club access to NYC property reservations?

Also, does the District offer free (AI) reservations for a $120 fee similar to NYC? If so, that is a valuable feature that is only available to 34k HGVC elites. Congrats.

Thanks. Probably both uses actually. We also own at Kings Land, The Bay Club and Grand Waikikian, so were mainly interested in cheap points and bHC access. Not sure about the fees but we are Elite Premier and don't pay fees for any reservation.

 

[CalGalTraveler]

Congrats on such a low buy-in. I have never seen bHC 5000 points go for such a low price. What is the MF on 5100 points at the District? It seems that having an inexpensive foothold in bHC points would be valuable to getting earlier reservation window at bHC especially in NYC and as they expand to Waikiki, and possibly SF or Cabo.

 

[brp]

Purchased for $3250 on eBay through The Timeshare Group.

Good to see this working out as I'm currently in contract with them for a Vegas unit.

Cheers.

 

[Jacqueet]

Good to see this working out as I'm currently in contract with them for a Vegas unit.

Cheers.

This was the second unit I have bought through them and have always been pleased with their service. Best wishes!

 

[Jacqueet]

Congrats on such a low buy-in. I have never seen bHC 5000 points go for such a low price. What is the MF on 5100 points at the District? It seems that having an inexpensive foothold in bHC points would be valuable to getting earlier reservation window at bHC especially in NYC and as they expand to Waikiki, and possibly SF or Cabo.

The MFs are listed as $1,400

 

[brp]

This was the second unit I have bought through them and have always been pleased with their service. Best wishes!

And now this one has passed ROFR. So, need some advice from the group as to how to post on REFR.net:

This is two 4800 pt. Platinum units, and the base total (no fees) was $6250 (I presume that this is what was sent to Hilton, as opposed to having any of the fees lumped in). My feeling is that I should list the 4800 Pt. Plat 1BR @ $3125 in the database rather than 9600 pt. @ 6250 since that is the actual unit size.

(I also see how much lower I likely could have gotten this based on recent ROFR results)

Thoughts?

Cheers.