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HGVC Right of First Refusal

Discussion in 'Hilton Grand Vacations Club / HGVC' started by jcjohns91107, Jun 12, 2018.

  1. jcjohns91107

    jcjohns91107 TUG Member

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    I was always told Hilton just used this to disuade you from buying a timeshare second hand but today they excercised their ROFR to snap up 7,000 points I was buying on the Big Island. Real estate agent said they did it twice today. Was under contract to buy for $4,995 at Kohala Suites.
     
  2. GT75

    GT75 Moderator

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    I moved your thread to the HGVC forum. I think that you will get a better response here.

    Welcome to TUG and sorry that HGVC snapped it up. Can you also add to rofr.net db? Thanks
     
  3. jcjohns91107

    jcjohns91107 TUG Member

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    Not sure what rofr.net db is?
     
  4. dayooper

    dayooper TUG Member

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    It's a database that tracks ROFR from the major timeshare groups. It helps track the trends of what they are buying back. It gives resale buyers information on how low you can offer without it being bought back.

    Link

    I seem to remember reading in a thread that Hilton was buying back a lot of resales in Hawaii.
     
  5. jcjohns91107

    jcjohns91107 TUG Member

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    Think I'll try Orlando. Maybe better luck there. Thanks.
     
  6. 1Kflyerguy

    1Kflyerguy TUG Review Crew: Rookie TUG Member

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    In my opinion the ROFR database is helpful, but its hard to predict exactly what the big Timeshare developers will grab with ROFR. I think a big part of the the equation is what they have in inventory vs demand for a particular resort. I know HGVC has grabbed some out from me, at prices above what had passed previously.

    It frustrating, but just keep looking. You will find something.

    Chris
     
  7. jcjohns91107

    jcjohns91107 TUG Member

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    Just told another realtor I'd like to move on 10,000 points in Vegas, where I already own. We'll see what happens. Thanks.
     
  8. Cyberc

    Cyberc TUG Member

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    10.000 points in Vegas is 2 x 5000 which is gold season.

    I hope you get the contracts cheap as I would otherwise suggest to find a platinum contract in stead.

    Also IF this is actually one contract/deed with 2 x 5000 points you might find it harder to dispose of if you need to at some point.
     
    PigsDad and RX8 like this.
  9. PigsDad

    PigsDad TUG Member

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    I agree with Cyberc -- make sure you know what these 10,000 points really are. Two separate contracts? What are the total maintenance fees for both contracts? You will probably have two separate HGVC enrollment fees @ $599(?) for each week.

    I'm not saying this is a bad deal, but just wanted to make sure you know exactly all the costs (initial and on-going) of buying two 5K weeks.

    Kurt
     
  10. jcjohns91107

    jcjohns91107 TUG Member

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    Not really concerned about season as I have no interest in staying in Vegas anyhow. Usually go the Bay Club on Big Island and have never had an issue finding a 2 BR 9 months out. Re-selling would not be in the plans. Kids can have it when I'm gone, lol.
     
  11. jcjohns91107

    jcjohns91107 TUG Member

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    Thanks, I'm aware and yes there will be 2 enrollment fees. O well.
     
  12. brp

    brp TUG Member

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    The point about seasons is not about when you stay, but about how many points you would get for the same MFs.

    If you have a Gold season in Vegas (I think the numbers I'm giving are for 2BR, but it works the same in any case), you'll get 5000 points for about $980 or so.

    If it's a Platinum 2BR, you'll get 7000 points for the same $980. More points for same same MFs (and likely a bit higher on the purchase price), so this adds up over time.

    So, two 5000 point contracts gives you 10000 points for about $1900 in yearly MFs. 14000 points can be had for the same MFs.

    As someone who has two 5000 point Gold weeks in Vegas, I know well of what I speak about this mistake :)

    And, to your point, we've used ours for Bay Club quite a few times with no availability issues.

    Cheers.
     
    Last edited: Jun 13, 2018
  13. Cyberc

    Cyberc TUG Member

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    I only meant you need to make sure you get a good deal as 5000 points is a 2br gold season. You will pay the same mf for those 5000 points as you will for 7000 points which is platinum season. Therefore you should be concerned about season.

    For comparison I bought in Vegas a 1Br 6200 points. I pay the same mf as those who get 3400 or 4800 points. Long term I’m getting a better deal unless they paid significantly less for their unit compared to mine.

    On top of that you will pay the mf twice per year as you have two contracts.
     
  14. Ralph Sir Edward

    Ralph Sir Edward TUG Member

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    You might look at Bay Club. Right next door (literally!) to Kohala Suites, and no ROFR.
     
  15. CalGalTraveler

    CalGalTraveler TUG Member

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    The buy-in for Bay Club may be much less than Vegas. You can be many years ahead buying Bay Club platinum before the Vegas savings offsets the buy-in price. Plus you own where you want to stay which protects you if the exchange rules change in the future.

    Plus there is no ROFR at Bay Club.
     
    klpca likes this.
  16. dayooper

    dayooper TUG Member

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    Bay Club prices seem to be pretty low right now. There are two 7000 point platinum listed for $1500 and $2000 and an 8400 platinum for $3000 in the Tug marketplace as we speak. No ROFR.
     
  17. Cyberc

    Cyberc TUG Member

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    I bet those 8400 points will have roughly the same MF as those 10.000 points but they will not cost $3000. They might cost you $5.000 instead
     
  18. jcjohns91107

    jcjohns91107 TUG Member

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    Thanks.
     
  19. FGL71

    FGL71 Guest

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    yes... just picked up 7k annual points @ Bay Club for $885 on ebay, won an auction.
     
  20. jcjohns91107

    jcjohns91107 TUG Member

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    Just opened a contract for a week at Bay Club for $1,500. Agent says HGVC will offer me membership at usual $599 which will get me the 7,000 points.
     

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