ROFR Exercised/Passed

[CalGalTraveler]

@BK2019 congrats on a fantastic price for 7000 points. Did the ROFR include any additional fees or closing costs? If so, what was the base price for the unit?

 

[BK2019]

Ebay sale, I only had to pay the winning bid. Everything thing else was already taken care of.

 

[jabberwocky]

Congrats!

 

[Smclaugh99]

Just got word this week that ROFR waived on another EBay purchase. I bought 1BR Premier gold week, 8700 points at The Residences for $3250. Price submitted to HGVC was $4174 (included closing and transfer fees). MF are pricey there. I’m hoping to use it as a trade-in along with a gold week at W57 to get into The Quin at some future “owner update”.

Sean

Just to close the loop on this purchase - as of today, this is now in my ownership tab. So winning bid was May 4th, ownership June 10th. And I have the full 8700 points for 2020 as well.

 

[dayooper]

Just to close the loop on this purchase - as of today, this is now in my ownership tab. So winning bid was May 4th, ownership June 10th. And I have the full 8700 points for 2020 as well.

Congrats!

 

[CalGalTraveler]

I think @jabberwocky @Smclaugh99 and @BK2019 are proof that there are some crazy good deals out there.

 

[Nocdavis]

ROFR was waived. Input on ROFR.net. Relevant details:

16,800 points at Kohala Suites purchased for $7,400 through Diane Nadeau . MF $3,410. Two 2Bdrm plus platinum season on one deed.

All closed 16,800 points in our HGVC account. Already booked a week @ Ocean22 in early August. Yippee

 

[dayooper]

All closed 16,800 points in our HGVC account. Already booked a week @ Ocean22 in early August. Yippee

You will love Ocean 22. It’s a great resort in a great location. One of my favorites!

 

[cindyc]

Perhaps, like beauty, a bargain is in the eye of the beholder. I have been using the great MF fee/pt spreadsheet provided by loyal TUGgers and settled on trying to find a 3 BR Boulevard, 9600 pts, platinum at a great price due to the low MFs on that property. We have owned Kohala Suites resale for about 6 years at the same point value but plan to sell that in 2021 to get into lower MF for the long haul.

I found one 3BR Boulevard listed at $13,500 and started negotiating on pricing and got as far as an $11,000 counter offer by the seller. I was about to counter, but then the same property/points was listed in TUG Marketplace for $9,000 that night.

I made a full price offer, which was accepted, and am awaiting response from Hilton on ROFR. If it passes (fingers crossed) it will be lowest price for this property/pt value on ROFR.net.

I was told by a broker who had an ad for one of these that- which turned to have already been sold-- that these were rare and that I had a better chance of finding a discarded winning lottery ticket on a sidewalk. I don't know if that's true or not, but I will still feel like I got a bargain if/when it goes through.

Thanks TUGger for this fun and knowledgeable community.

Sent from my SM-G973U using Tapatalk

 

[dayooper]

Perhaps, like beauty, a bargain is in the eye of the beholder. I have been using the great MF fee/pt spreadsheet provided by loyal TUGgers and settled on trying to find a 3 BR Boulevard, 9600 pts, platinum at a great price due to the low MFs on that property. We have owned Kohala Suites resale for about 6 years at the same point value but plan to sell that in 2021 to get into lower MF for the long haul.

I found one 3BR Boulevard listed at $13,500 and started negotiating on pricing and got as far as an $11,000 counter offer by the seller. I was about to counter, but then the same property/points was listed in TUG Marketplace for $9,000 that night.

I made a full price offer, which was accepted, and am awaiting response from Hilton on ROFR. If it passes (fingers crossed) it will be lowest price for this property/pt value on ROFR.net.

I was told by a broker who had an ad for one of these that- which turned to have already been sold-- that these were rare and that I had a better chance of finding a discarded winning lottery ticket on a sidewalk. I don't know if that's true or not, but I will still feel like I got a bargain if/when it goes through.

Thanks TUGger for this fun and knowledgeable community.

Sent from my SM-G973U using Tapatalk

Good luck passing ROFR. I think you will, but you never know what HGVC will do!

 

[BK2019]

HGV has deposited the points into my account for the 2 bedroom unit at Paradise. It took about 8 days for them to add it to my account.

There was a scary moment yesterday morning. I had tried to login to the HGV website but the system told me there was no record of my account. Over the phone the agent wasn’t able to find my existing account either. It turns out during the process of adding the new contract to my account. My account temporarily didn’t exist, which obviously made me think something was fishy with the EBay sale. About an hour later my account was back to normal, expect my phone number was no longer attached to my account, which an HGV rep was able to fix pretty quickly over the phone.

 

[CalGalTraveler]

HGV has deposited the points into my account for the 2 bedroom unit at Paradise. It took about 8 days for them to add it to my account.

There was a scary moment yesterday morning. I had tried to login to the HGV website but the system told me there was no record of my account. Over the phone the agent wasn’t able to find my existing account either. It turns out during the process of adding the new contract to my account. My account temporarily didn’t exist, which obviously made me think something was fishy with the EBay sale. About an hour later my account was back to normal, expect my phone number was no longer attached to my account, which an HGV rep was able to fix pretty quickly over the phone.

That would make my heart jump too. Glad it resolved quickly. Congrats on your excellent acquisition.

 

[xfisgsm]

ROFR Waived on an Elara 1BR Grand Plus Gold EOY (5,500 points) for $1000. Seller paid all closing and transfer costs.

 

[dayooper]

ROFR Waived on an Elara 1BR Grand Plus Gold EOY (5,500 points) for $1000. Seller paid all closing and transfer costs.

Congrats! Please add to ROFR.net

 

[GT75]

I made a full price offer, which was accepted, and am awaiting response from Hilton on ROFR. If it passes (fingers crossed) it will be lowest price for this property/pt value on ROFR.net.

Do you have any updates for us?

 

[cindyc]

There was an initial delay, so papetwork just went to Hilton about 10 days ago. I will check with broker next week.

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[DazedandConfused]

HGVC Las Vegas Blvd
6,200 points
Platinum
1 Bedroom Plus

$5,000 sales price
$1,300 closing costs
$6,300 total

Judi Kozlowski listing

Timeline - about 30 days from my initial offer to having the contract listed for use in my HGVC online account

 

[natarajanv]

HGVC Las Vegas Blvd
6,200 points
Platinum
1 Bedroom Plus

$5,000 sales price
$1,300 closing costs
$6,300 total

Judi Kozlowski listing

Timeline - about 30 days from my initial offer to having the contract listed for use in my HGVC online account

These are the hard to get units. Congrats!

 

[natarajanv]

HGVC Las Vegas Blvd
6,200 points
Platinum
1 Bedroom Plus

$5,000 sales price
$1,300 closing costs
$6,300 total

Judi Kozlowski listing

Timeline - about 30 days from my initial offer to having the contract listed for use in my HGVC online account

Does the closing cost include the $609 enrollment fee?

 

[DazedandConfused]

Does the closing cost include the $609 enrollment fee?

I am already a HGVC member

Here are the fees
$775 closing fee to Timeshare Resale Closing service
$70 estoppel fee to HGVC
$425 Transfer fee to HGVC

 

[natarajanv]

I am already a HGVC member

hgvc charges $609 enrollment fee for every purchase. You will get a bill in the next 4 weeks.

You only pay one annual membership fee.



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[dayooper]

I am already a HGVC member

Here are the fees
$775 closing fee to Timeshare Resale Closing service
$70 estoppel fee to HGVC
$425 Transfer fee to HGVC

I’m not sure already being a member matters. The enrollment fee is to enroll the deed into the club and most resorts will be charged those after the points are posted into your account. You won’t be charged the $182 for the club dues, though.

 

[GT75]

HGVC certainly has increased all of these fees over the past 10 years that I have been involved. To me, it appears to be mostly profit to HGVC, but I also want HGVC to stay afloat.

 

[cindyc]

Update: My purchase of 9600 points, platinum at HGVC Boulevard for $9000, not including the fees, just passed ROFR! I am feeling good at getting in at less than $1/pt and the low maintenance fees.



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[oneohana]

I was the winning bidder on 25,200 points, platinum, for a mere $10,000. I am assuming Hilton will exercise ROR, this deal is too good. But given the Covid 19 pandemic Hilton may be conserving cash.

Any word yet?