Floating Points vs Locked in Week

[CiCi]

Hello everyone....I am new to this site. We were at the Hilton Club NY on a HGVC VIP package a couple of weeks ago when I came across your forum...and we are sooo glad we did.

After a sales meeting where we were offered a crazy low amount of points for an insanely high price, we looked on your marketplace and found a HGVC timeshare, have signed a contract with the broker and given a deposit.

Now for the question...on the contract with the broker, it says under, "week # - FLOAT." When we received paperwork today from HGV Title company, it says under, "property address - week 17," followed by the address. It also says nothing about the 8400 points I purchased.

Do we have floating points or are we locked into a certain week? And if we are locked into a certain week (which we do not want), can we cancel the contract since it clearly states something different.

Thanks for any advice you might have,
CiCi

 

[presley]

Each deed has to list a particular week. The contract should mention the points awarded, though. If it doesn't have it on there, tell them you want it on the contract before you sign.

 

[CiCi]

Thanks so much...the contract with the broker has the points listed so I will be sure anything I get from GVT also has them. I hear they are starting to exercise ROFR on some of the low MF properties so I hope it goes through.

 

[SmithOp]

Thanks so much...the contract with the broker has the points listed so I will be sure anything I get from GVT also has them. I hear they are starting to exercise ROFR on some of the low MF properties so I hope it goes through.

Dont worry about rofr, thats just broker hoohah. If you stick around here and read a bit you will find lots of resales passing rofr.


Sent from my iPad Mini 4 using Tapatalk

 

[CiCi]

ROFR

ROFR was waived....Just got our paperwork in the mail today.

 

[1Kflyerguy]

ROFR was waived....Just got our paperwork in the mail today.

Congratulations!