ROFR Exercised/Passed

[natarajanv]

After much thought, just reporting the paid price without closing costs and hgvc transfer fee is like comparing apples to oranges.

For example I purchased a week that included all closing costs including the hgvc transfer fee. I reported that price on rofr.net

I purchased another week that I paid the closing costs and the hgvc transfer fee. I reported on rofr.net the price I paid, as was suggested, without the closing costs and transfer fee. If I included them it would bring my price up.

Thinking about it I should have reported the price including the closing costs and transfer fees as it’s the only way to compare it to other sales that had these fees included.

I have paid "admin fee" or "submission fee" for one of my contract for $299 and closing cost of $699.00 which jacks up the "total closing costs". I think we should not include the transfer fees, as everyone pays the same amount.

 

[Panina]

I have paid "admin fee" or "submission fee" for one of my contract for $299 and closing cost of $699.00 which jacks up the "total closing costs". I think we should not include the transfer fees, as everyone pays the same amount.

But one of my purchased on ebay included the transfer fee. Then for an apple to apple comparison I would need to subtract that from my final paid price.

 

[GT75]

I would need to subtract that from my final paid price.

If you would like to change, then I can do that for you or anyone else. Just let me know.

The "fees" are not all of same. It really depends on where you purchased. In addition, I really don't know what was submitted on my purchases.

 

[CalGalTraveler]

IMHO, I thought the point of ROFR.net was to see what was submitted to HGVC and whether it passed to understand the thresholds (hence the name "ROFR passed".) Fees should be included if that was what was submitted in the total ROFR price.

If we want to know what people negotiated with the seller i.e. actually netted in the sale, then that should be a different thread called something like "Negotiated Price."

 

[Panina]

If you would like to change, then I can do that for you or anyone else. Just let me know.

The "fees" are not all of same. It really depends on where you purchased. In addition, I really don't know what was submitted on my purchases.

That is the big what? We know what we paid but we don’t know what was submitted or allowed. I signed an agreement with every purchase and that is what I know shoukd have been submitted but I don’t know if on top of that the closing costs and transfer fee was added as part of the rofr process thus making the rofr submitted price higher.

All I know is rofr.net is a guide. I figured out by now sometimes those lower prices get thru so just keep trying.

 

[dayooper]

Hmmm . . . It's almost like there should be a negotiated price column and a fee column so those could be differentiated. I know it would be a change to the database, but if you really wanted to see the breakdown, that's the best way I can think of. Not sure if that change would be possible, but it's a way of looking at it from an analytical viewpoint.

The biggest issue I can think of is the eBay/Timeshare Nation places that submit the fees paid by the seller in the price. Is there a way to find those out or are they already known (I've never purchased through those places so I don't know). @Panina, I'm not sure the transfer fees should be included. HGVC wouldn't have to pay those so they wouldn't take those into account when deciding to exercise ROFR, correct?

 

[Panina]

Hmmm . . . It's almost like there should be a negotiated price column and a fee column so those could be differentiated. I know it would be a change to the database, but if you really wanted to see the breakdown, that's the best way I can think of. Not sure if that change would be possible, but it's a way of looking at it from an analytical viewpoint.

The biggest issue I can think of is the eBay/Timeshare Nation places that submit the fees paid by the seller in the price. Is there a way to find those out or are they already known (I've never purchased through those places so I don't know). @Panina, I'm not sure the transfer fees should be included. HGVC wouldn't have to pay those so they wouldn't take those into account when deciding to exercise ROFR, correct?

If they exercised rofr on my purchase, being transfer fees were included in my purchase price, it is possible they would pay them as there is no way they would know.

Two Columns, one showing closing costs and one whether transfer fee was included in purchase price could make it clearer but still we really don’t know all the specifics going on when the seller submits for rofr.

 

[natarajanv]

If they exercised rofr on my purchsse, being transfer fees were included in my purchase price, it is possible they would pay them as there is no way they would know.

Two Columns, one showing closing costs and one whether transfer fee was included in purchase price could make it clearer but still we really don’t know all the specifics going on when the seller submits for rofr.

You have to look at your contract to see how your broker has split all those amounts. That will give you an idea what was submitted for ROFR.

 

[Panina]

You have to look at your contract to see how your broker has split all those amounts. That will give you an idea what was submitted for ROFR.

Idea is how one is interpreting it. No way to really know unless we see documents sent to hgvc for rofr.

 

[escanoe]

I have paid "admin fee" or "submission fee" for one of my contract for $299 and closing cost of $699.00 which jacks up the "total closing costs". I think we should not include the transfer fees, as everyone pays the same amount.

We should also include MFs that the buyer agrees to pay the seller? Like paying the seller for the current year MFs if the points come with the property being transferred. Anyone disagree?

 

[CalGalTraveler]

We should also include MFs that the buyer agrees to pay the seller? Like paying the seller for the current year MFs if the points come with the property being transferred. Anyone disagree?

Include if it was included in what was submitted for ROFR to HGVC. In our case it was.

Ask the broker or transfer company who should be able to share the paperwork. Otherwise the value of an ROFR database to determine thresholds is worthless and people are just bragging about how much they negotiated in a fire sale.

 

[natarajanv]

We should also include MFs that the buyer agrees to pay the seller? Like paying the seller for the current year MFs if the points come with the property being transferred. Anyone disagree?

If it was included in the sale price line, then yes, if it was on its own maintenance fee line then no. You should be able to see all the line items in your contract.

 

[cas42021]

Ocean 22 1BR Annual Platinum 4800 points for $2000.00 did not pass ROFR. I was just notified this morning the developer has exercised. 0/2 on these so far..I have updated rofr.net as well.

 

[MrDavch]

Ocean 22 1BR Annual Platinum 4800 points for $2000.00 did not pass ROFR. I was just notified this morning the developer has exercised. 0/2 on these so far..I have updated rofr.net as well.

How long did it take them to notify you?

 

[cas42021]

How long did it take them to notify you?

I signed the contract 12/11/18 and was notified about ROFR on 12/21/18.

 

[MrDavch]

I signed the contract 12/11/18 and was notified about ROFR on 12/21/18.

I’m still waiting on mine. Signed 12/2 and nothing yet. $3k for 7000pts 3bd Vegas on the blvd

 

[cas42021]

I’m still waiting on mine. Signed 12/2 and nothing yet. $3k for 7000pts 3bd Vegas on the blvd

Keep us posted. I'm curious to hear if the Blvd property waives that or not.

 

[MrDavch]

Keep us posted. I'm curious to hear if the Blvd property waives that or not.

Just heard back and it passed the waiver.

$3000
7000Pts
3bd 3bath
Gold Season
Vegas on the Blvd.

 

[dayooper]

Just heard back and it passed the waiver.

$3000
7000Pts
3bd 3bath
Gold Season
Vegas on the Blvd.

Congrats!

 

[cas42021]

Just heard back and it passed the waiver.

$3000
7000Pts
3bd 3bath
Gold Season
Vegas on the Blvd.

Awesome!! Congrats!!

 

[Hsahota1]

Just heard back and it passed the waiver.

$3000
7000Pts
3bd 3bath
Gold Season
Vegas on the Blvd.

Congrats! What are the MFs?

 

[cas42021]

Annual 1BR Platinum at SeaWorld for $2000 just failed ROFR. I believe it was submitted to them a week ago. 3rd try, 3rd ROFR exercised. Different property each time. I didn't find out till after the seller accepted my offer, they were including 4600 rescued points, so would have had 9400 point usage for 2019. Would have been a nice trip to Hawaii.

I just got this added to ROFR.net

Anyone have any tips for me? Am I just offering too little? I swear I see people getting deals like this or better off eBay, and Hilton waives. What am I missing here?

 

[tombanjo]

Just cause it sells on eBay doesn’t mean it goes through. What are the successful ones on ROFR.net go for?

 

[JIMinNC]

Anyone have any tips for me? Am I just offering too little? I swear I see people getting deals like this or better off eBay, and Hilton waives. What am I missing here?

When we bought our Platinum 2BR Sea World about a year ago, the brokers we worked with said anything under about $1/point or a little less was a high risk for ROFR exercise by HGVC. We paid $6,500 for the 2BR 7000 point Platinum. For a 1BR, I would think you should expect to pay over $4,000, maybe $4,500 or so.

 

[CalGalTraveler]

Also, it's early in the year so their ROFR budget is robust. You might be able to secure a lower price later in the year when the ROFR budget depletes and they let more pass.