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Ebay Listings - Are these believable and do they pass ROFR?

huntrm

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First time poster, long-time reader. :)

I have to ask, are such listings believable, and do they ever pass ROFR? Here's the latest one I saw on Ebay: http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&Item=370128091036&Category=15897

Hilton on International Drive, Orlando - Annual 9,600 pts, starting bid $1.00.

Few things that surprise me. #1, the low starting bid. #2, no reserve price.

Am I missing anything re: the seller, or the possibility of this one even closing? If I was selling, why wouldn't I put a reserve price to help ensure to the buyer that this will pass ROFR....

I know this is marketing at its best, putting crappy low price to get people interested, but just seems little reckless to the eventual buyer.

Comments welcome!

NOTE: In re-reading the listing, this might be the 'tip off as to why it's too good to be true: (Please note that this huge level of points was achieved by combining TWO 1-bedroom ownerships into one large points ownership)
 
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Bill4728

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So if they are selling two 4800 platinum 1 bd weeks it should be worth about $12,000 or more. ( since each one should sell for mare than $6000)

Is this likely to pass ROFR. I'd really doubt it!
 

capjak

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By the time it ends who knows still has several days to go. I predict it will sell for $7356.
 

FlyerBobcat

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So why does the seller care who buys it? The ebay bidder or Hilton (via ROFR)? :confused:

Please help me understand this, as I think I'm missing something here....
Thanks


Few things that surprise me. #1, the low starting bid. #2, no reserve price.

Am I missing anything re: the seller, or the possibility of this one even closing? If I was selling, why wouldn't I put a reserve price to help ensure to the buyer that this will pass ROFR....
 

larsok

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This is a relisting of an auction which I had won before for a price of USD 12100 (ebay 370116822302). I was expecting to buy 9600 points in one 2bd unit (premier) as it was stated in the auction.

When I asked the closing company for the deed I found out that it was actually two 1 bedroom units at 4800 points each. So I chose to pass on this one.

Just wanted to give you an idea of what the final price might look like. I still think that 12100 for two 1 bedroom units is a very good price though. But I was looking for something different.
 

huntrm

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So why does the seller care who buys it? The ebay bidder or Hilton (via ROFR)? :confused:

Please help me understand this, as I think I'm missing something here....
Thanks

Does it depress other HGVC prices that's what I would be concerned with? Furthermore, does it devalue his existing inventory?

I would expect a reserve and a starting bid price that makes it sounds more believable.

I'm guessing the seller doesn't care, particularly if he finds a seller that forces HGVC to execute ROFR.
 
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huntrm

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Closing

Appears to have closed at $10,661, or $1.11 per point.

Total maint fees are forecasted to be $1,147 (includes taxes).

Not a bad deal unless the MF offsets it over time (being that they would own two 1BR units).
 

Seth Nock

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It will almost definitely be bought back. I had a 4800 point unit bought bach last week at $7,800.
 

Bustah

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Seth

Any word if Hilton bought it back yet?
 

Seth Nock

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Unless fraudulent Right of First Refusal documents were submitted to Hilton (which would put a cloud on the title), it will be bought back. If fraudulent Right of First Refusal documents were submitted, it will be forwarded to Hilton's legal department.
 

Sandy VDH

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Seth - huh? I thought you could be 5000 pts for less than 6K right now?


Gold versus Platinum seasons makes a difference. The Platinum 1 BR at 4800 points was bought back. The Gold 2 BR at 5000 points was not.

The MFs on the 2 BR will be significantly higher then the 1 BR for roughly the same amount of points. Making the Platinum week a better purchase long term.

Platinum weeks are being taken on ROFR more often than Gold weeks are. See this post by Seth
http://www.tugbbs.com/forums/showthread.php?t=87314 for some info on recent buy backs.
 

Zac495

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Gold versus Platinum seasons makes a difference. The Platinum 1 BR at 4800 points was bought back. The Gold 2 BR at 5000 points was not.

The MFs on the 2 BR will be significantly higher then the 1 BR for roughly the same amount of points. Making the Platinum week a better purchase long term.

Platinum weeks are being taken on ROFR more often than Gold weeks are. See this post by Seth
http://www.tugbbs.com/forums/showthread.php?t=87314 for some info on recent buy backs.

AH! I didn't know that!!! Thanks for the info.
 
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