Pass ROFR?

[glwrenton]

Just won eBay auction for 2 br gold LV strip for $2,500. Any ideas if this will pass ROFR? Per listing it is 2 EOY units. Not sure if that will matter. Also does Hilton consider the seller paying Closing costs in ROFR?

 

[TheCryptkeeper]

HGVC prices seem to be dropping so you might be okay.


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[presley]

The closing costs and MF payments are considered during ROFR. I think chances are high that this sale will go through. Good luck!

 

[1Kflyerguy]

HGVC prices seem to be dropping so you might be okay.


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I have noticed that as well.. Seems like i started seeing lower auction prices late last year.. At first i figured it was due to people trying to avoid paying the 2015 MF... but they don't seem to have gone back up...

At least to me, all the new location under development make HGVC more attractive, but not sure that really translates to higher sales prices....

 

[TheCryptkeeper]

I have noticed that as well.. Seems like i started seeing lower auction prices late last year.. At first i figured it was due to people trying to avoid paying the 2015 MF... but they don't seem to have gone back up...



At least to me, all the new location under development make HGVC more attractive, but not sure that really translates to higher sales prices....

I'm not sure if there's a connection, but they were supposedly exercising ROFR more aggressively earlier last year at the property we purchased in December below the previous threshold.


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[1Kflyerguy]

I'm not sure if there's a connection, but they were supposedly exercising ROFR more aggressively earlier last year at the property we purchased in December below the previous threshold.


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Thanks, less aggressive ROFL makes sense... perhaps they built up a big stockpile of inventory, so don't need to keep acquiring the resales..

 

[caligirl123]

Just won eBay auction for 2 br gold LV strip for $2,500. Any ideas if this will pass ROFR? Per listing it is 2 EOY units. Not sure if that will matter. Also does Hilton consider the seller paying Closing costs in ROFR?

Did your purchase proposal pass ROFR? I am in the process of trying to buy the same exact thing...

 

[hurnik]

Did your purchase proposal pass ROFR? I am in the process of trying to buy the same exact thing...

I heard that supposedly Hilton is waiting for "funding" to be released and then they'll start aggressively doing ROFR again.

But that's all rumor.

I've got a 5000 gold, every year for $2500 waiting. We shall see.

I forgot what the timeframe was (ie, how many days) for Hilton to exercise ROFR.

Too bad I didn't get some for $1 (haha).

 

[glwrenton]

Approval

Hooray. Passed ROFR, Received recorded deed. Now I am waiting for the transfer to my name.

 

[mrsmusic]

Congrats!!


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[caligirl123]

Hooray. Passed ROFR, Received recorded deed. Now I am waiting for the transfer to my name.

That is great news!!!! Congratulations! Did it take 2 months for them to waive the ROFR? Im coming up on 30 days 7/7/2015

 

[caligirl123]

I heard that supposedly Hilton is waiting for "funding" to be released and then they'll start aggressively doing ROFR again.

But that's all rumor.

I've got a 5000 gold, every year for $2500 waiting. We shall see.

I forgot what the timeframe was (ie, how many days) for Hilton to exercise ROFR.

Too bad I didn't get some for $1 (haha).

I was told 30 days. My 30 days will be up 7/7/2015 so I will keep you informed. When was yours submitted?

 

[TheCryptkeeper]

I was told 30 days. My 30 days will be up 7/7/2015 so I will keep you informed. When was yours submitted?

I think you'll be okay. HGVC doesn't seem to be exercising ROFR as aggressively as in the past. But who knows if or when that will change?

 

[hurnik]

I was told 30 days. My 30 days will be up 7/7/2015 so I will keep you informed. When was yours submitted?

My letter said 15 days, but I guess it depends upon how it was purchased, etc. Should find out in about 10 days (I'm guessing it's 15 business days which is 3 weeks).

 

[TheCryptkeeper]

My letter said 15 days, but I guess it depends upon how it was purchased, etc. Should find out in about 10 days (I'm guessing it's 15 business days which is 3 weeks).

Call the title company. When we bought in November, no one notified us that Hilton waived ROFR until I finally called, and we closed with Hilton's title company.


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[hurnik]

Call the title company. When we bought in November, no one notified us that Hilton waived ROFR until I finally called, and we closed with Hilton's title company.


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Got my letter, all passed ROFR today. So it seems that $1/point for a 5000 point unit is passing ROFR.

 

[glwrenton]

Rofr

I went back and checked my ROFR. It was sent on 4/30. Signed 5/7 by Hilton. Recd back on 6/3. So just over 30 days including mail time.

After the deed went to Hilton I called after a couple of weeks. Still took them a month to transfer. I now have a new account with the points. They set up a new account because they said that my affiliate points cannot be in the same account as my hgvc owned points. They did tell me on the phone that I can transfer the between accounts at no cost.

 

[presley]

They set up a new account because they said that my affiliate points cannot be in the same account as my hgvc owned points. They did tell me on the phone that I can transfer the between accounts at no cost.

I own different affiliates, but that is the same. I actually have 3 hilton accounts since I have 2 different affiliates. I just call and tell them the account #s to take from and post to. It's very easy and they show up quickly in the master account.

 

[caligirl123]

I think you'll be okay. HGVC doesn't seem to be exercising ROFR as aggressively as in the past. But who knows if or when that will change?

You are correct. I passed ROFR on my purchase for $2500 for 5000 pts HILTON GRAND VACATION ON THE STRIP. YAY!!! :whoopie:

 

[Kendall in Texas]

4800 at LV - Karen...

Going to find out if $3,750 for 4800 1br Platinum at Karen will pass ROFR...

 

[TheCryptkeeper]

Please let us know. I've been watching some serious price declines at premium properties. I don't think Hilton is aggressively exercising ROFR presently. But that can change or I might be wrong.


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[Cyberc]

Going to find out if $3,750 for 4800 1br Platinum at Karen will pass ROFR...

Just signed a 1br at the strip with 6200 annual for 5k. Curious if it will pass rofr.

Regards.

 

[GregT]

I don't recall when we last saw Hilton exercise ROFR, it has been awhile. Good luck with both, I hope they go through!

Best,

Greg

 

[Cyberc]

I don't recall when we last saw Hilton exercise ROFR, it has been awhile. Good luck with both, I hope they go through!

Best,

Greg

Thanks

Maybe we should have a sticky with all purchases pass or no pass?

Regards

 

[azdave]

Just signed a 1br at the strip with 6200 annual for 5k. Curious if it will pass rofr.

Regards.

I think you are going to be fine. Good luck! Let us know the results.