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Hyatt exercised ROFR

Tucsonadventurer

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We absolutely love our Hyatt. It is the best value wise in my opinion. My kids and our guests love it too.
 

sjsharkie

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I found a Hyatt ts online. Owner wants $1,000 plus all costs associated with sale. We submitted with LT Transfers and now Hyatt has answered saying they will purchase at the existing offer. Is there ANYTHING I can do?
Next time, be sure to include all fees in the contract as part of the purchase price and that seller is responsible for closing costs.

So instead of purchase price being $1k, you load the $1k purchase price + $650 transfer fee + $250 deed transfer/recording + $100 escrow (if any) + mf reimbursement (if any) all in the sale price. Then state that seller will pay all costs. This simple way of restating the transaction has several benefits.

Win-win for both...
Seller gets quicker transfer (generally, hyatt takes longer if they ROFR), plus sometimes they end up handling the closing themselves and seller will receive residual fees back from closing company (generally less ROFR processing fee).

Buyer has a better chance of passing ROFR.

-ryan
 

Anthony Schmid

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Here is your Freebie... 1880 points
 

Sapper

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Here is your Freebie... 1880 points

“Free” does not make it a good deal. Between owners not being able to use it for years and the already high maintenance fee that took a staggering jump at the end of 2019, I would have trouble taking a diamond unit for free. All that being said, it should be a like new property (whenever they finish) in a beautiful location.
 

liongate88

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DVC (AUL), WKV, SVV, HGVC (BLVD, GW, Elara), HRC , WM
Hi Does Hyatt residence club have resale restrictions? Can you book on all resorts with the hyatt points if you buy resale? And the MF is paid yearly for EOY? Thanks
 

Tucsonadventurer

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Hi Does Hyatt residence club have resale restrictions? Can you book on all resorts with the hyatt points if you buy resale? And the MF is paid yearly for EOY? Thanks
The only restriction is that you can't use points for hotel stays but that is a very poor use of points and there are many other ways to accumulate Hyatt hotel points
 

Anthony Schmid

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Anyone here win this Auction? This price included closing costs and fees

1597075621473.png
 

escanoe

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Vacation Village: Woodstone at Massanutten and Grandview (RCI Points) & the Colonies

Anthony Schmid

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I am currently under contract and waiting on Hyatt's decision on a 2 bed / 2 bath. 2200 point Diamond week 30 at Wild Oak Ranch in San Antonio, TX for $4800 plus closing costs.
 

travelhacker

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I am currently under contract and waiting on Hyatt's decision on a 2 bed / 2 bath. 2200 point Diamond week 30 at Wild Oak Ranch in San Antonio, TX for $4800 plus closing costs.
I’d give that really good odds of passing (not necessarily because of the price but because they already have so much inventory at wild oak ranch). That is a great price. Good luck!
 

Sugarcubesea

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I am currently under contract and waiting on Hyatt's decision on a 2 bed / 2 bath. 2200 point Diamond week 30 at Wild Oak Ranch in San Antonio, TX for $4800 plus closing costs.
Congrats, awesome price for a diamond week, I think you have a great chance of it passing ROFR
 

Anthony Schmid

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RedWeek has another Diamond week at a good price. I sent an email asking about closing costs but never did get a response.

1597428492785.png
 

sjsharkie

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I am currently under contract and waiting on Hyatt's decision on a 2 bed / 2 bath. 2200 point Diamond week 30 at Wild Oak Ranch in San Antonio, TX for $4800 plus closing costs.
I agree with others that this has a good chance of passing. I don't think Wild Oak is in highest demand for Hyatt, and I believe they are being conservative on what is being purchased during the pandemic. Nice deal -- i also had 2 resales pass ROFR at PP during the last couple of months.

-ryan
 

Mongoose

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I am currently under contract and waiting on Hyatt's decision on a 2 bed / 2 bath. 2200 point Diamond week 30 at Wild Oak Ranch in San Antonio, TX for $4800 plus closing costs.
Did you get it?
 

Anthony Schmid

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Did you get it?
I'm using Fidelity Real Estate and they said "We are waiting on the seller to supply some information on her ownership to prepare the new deed. We should have that resolved within the next few days. I will update you as we have that in place " this was on September 14 and I have not heard back since then. :rolleyes:
 

cfabar1

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I’m looking for a Diamond or Platinum week in Florida. If anyone here’s of anything good, please PM me.
 

Anthony Schmid

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Grandview at Las Vegas, Elara a Hilton Grand Vacation Club, The Jockey Club, Hilton Grand Vacation Club at Coylumbridge, Hilton Grand Vacations at Craigendarroch, Hyatt Residence Club at Coconut Plantation, DVC Saratoga Springs
I’m looking for a Diamond or Platinum week in Florida. If anyone here’s of anything good, please PM me.
 

BJRSanDiego

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Next time, be sure to include all fees in the contract as part of the purchase price and that seller is responsible for closing costs.

So instead of purchase price being $1k, you load the $1k purchase price + $650 transfer fee + $250 deed transfer/recording + $100 escrow (if any) + mf reimbursement (if any) all in the sale price. Then state that seller will pay all costs. This simple way of restating the transaction has several benefits.

Win-win for both...
Seller gets quicker transfer (generally, hyatt takes longer if they ROFR), plus sometimes they end up handling the closing themselves and seller will receive residual fees back from closing company (generally less ROFR processing fee).

Buyer has a better chance of passing ROFR.

-ryan
Ryan, I understand what you were trying to say, but you said "Then state that SELLER will pay all costs. " I think what you meant to say is the BUYER will pay all costs. That way, if Hyatt steps in as the "buyer" their cost would be higher and they would be less interested. Let me know if I have this upside down.
 

sjsharkie

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Ryan, I understand what you were trying to say, but you said "Then state that SELLER will pay all costs. " I think what you meant to say is the BUYER will pay all costs. That way, if Hyatt steps in as the "buyer" their cost would be higher and they would be less interested. Let me know if I have this upside down.
You are correct.
 

cfabar1

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The idea is brilliant.... I plan on making some offers soon and am going to try it. I think he has a solid point.
 
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