Pass ROFR?

[Kendall in Texas]

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

Regards.

Good luck. That is a good find and a good price.

 

[Great3]

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

Regards.

Really awesome if it does, because it seems like both you and I couldn't even get 6,2000 points last year at the strip for $8,000 - $9,000...

Good Luck, and let us know what the end results are...

Great3

 

[TheCryptkeeper]

Thanks

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

Regards

That's really a great idea.

 

[Kendall in Texas]

Passed

We have passed ROFFR

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

 

[MaeMae]

$2348 for 3400 points (Gold weeks, 1 bedroom) at HGVC Paradise passed ROFR.


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[vincepecoraro]

HGVC @ King's Land / Flamingo

I recently had a 4,800 point platinum unit at King's Land pass ROFR with a sale price of $1,825 including closing costs. The unit was an eBay purchase that sold four years ago by Hilton for over $22k. There is no way Hilton is exercising ROFR aggressively.

Additionally, I bought a 7,000 point platinum unit at the Flamingo, which I have read on this forum does not require ROFR. However, the title company insisted that it did. It has been 45 days since the title company sent the request to the Flamingo, and I have yet to hear if it has passed. The title company contacted me today and told me that they hope to know by next week. I paid $5,500 for this unit including closing costs.

 

[Helios]

King's Land 2 BD Plus Plat 12,600

I will find out if $12K plus closing passes ROFR. It seems like this is higher than the cost per point that are being paid by others. However, based on prices I found at multiple sites, including eBay, this is not a good deal.

 

[1Kflyerguy]

I will find out if $12K plus closing passes ROFR. It seems like this is higher than the cost per point that are being paid by others. However, based on prices I found at multiple sites, including eBay, this is not a good deal.

Which resort and how many points did you buy? Many of higher point deeds sell for a bit more per point than the lower point deeds...

 

[Helios]

King's Land 2 BD Plus Plat 12,600

Based on prices I saw, it seemed that units in Plat seasons with large number of points were more expensive. It also seemed logical that Hawaii would be more expensive than Orlando which is over saturated with timeshares.

Is the ROFR period the same for all resorts or does it vary like Marriott's? How long is King's Land?

 

[leedaorg]

King's Land phase1 1 bed plat plus 9300 points passed ROFR back in April at $7600+closing+MF including this year's point. Ended up paying around $9500...and, I just completed transfer of Seaworld 7000pt contract to my account for $4348 scored from Sumday ebay auction. I didn't expect it to pass ROFR


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[alexadeparis]

King's Land 2 BD Plus Plat 12,600

Based on prices I saw, it seemed that units in Plat seasons with large number of points were more expensive. It also seemed logical that Hawaii would be more expensive than Orlando which is over saturated with timeshares.

Is the ROFR period the same for all resorts or does it vary like Marriott's? How long is King's Land?

I think this was a fair price because there is a "purchase price premium" for those units they have a good points to MF ratio, IIRC. So it costs more up front, but saves down the road compared to getting say 2 7,000 points units with double the MF.

 

[1Kflyerguy]

King's Land 2 BD Plus Plat 12,600

Based on prices I saw, it seemed that units in Plat seasons with large number of points were more expensive. It also seemed logical that Hawaii would be more expensive than Orlando which is over saturated with timeshares.

Is the ROFR period the same for all resorts or does it vary like Marriott's? How long is King's Land?

That seems like an attractive deal to me.

Not sure if all resorts are the same, but I checked my owners docs for Kings Land, and they list 15 days to respond if they intent to exercise ROFL, and 30 days to close if they decide to to buy the unit.

 

[Helios]

I think this was a fair price because there is a "purchase price premium" for those units they have a good points to MF ratio, IIRC. So it costs more up front, but saves down the road compared to getting say 2 7,000 points units with double the MF.

Purchase price premium for large number of points with lowish MF was my logic to justify about $1/point. Knowing I would come ahead after a couple of years was attractive.

 

[Helios]

That seems like an attractive deal to me.

Not sure if all resorts are the same, but I checked my owners docs for Kings Land, and they list 15 days to respond if they intent to exercise ROFL, and 30 days to close if they decide to to buy the unit.

Thanks. I will post progress.

 

[vincepecoraro]

Additionally, I bought a 7,000 point platinum unit at the Flamingo, which I have read on this forum does not require ROFR. However, the title company insisted that it did. It has been 45 days since the title company sent the request to the Flamingo, and I have yet to hear if it has passed. The title company contacted me today and told me that they hope to know by next week. I paid $5,500 for this unit including closing costs.

Found out today that my 7,000 points at the Flamingo has been sent to the county for recording, which means that it either passed ROFR or never actually needed it. Either way, I am looking forward to the unit closing. The title company tells me that it should be another 4-6 weeks between the county recording the deed and the resort doing whatever paperwork that it needs to do.

 

[Helios]

Kings' Land 2BR+ Platinum Annual

Just heard from HGVC today, my Kings' Land 2 BR+ Platinum Annual, 12,600, passed ROFR. It took 19 business days for the official paper work. HGVC indicated, informally via email, that they were not exercising ROFR at 13 business days.:whoopie: