ROFR Exercised/Passed

[magmue]

Closing papers are in hand with ROFR waived for West 57th Studio Premier, Platinum season, 7200 points annually for $6,500.

 

[Gwendyc]

4800 EOY (even year) platinum points at HGVC Seaworld, $1750 passed ROFR.

Even after closing costs, transfer fee, points activation fee, HGVC membership fee, it will be less than $3600. To think they wanted $15,700 for 3400 EOY points at the presentation. So glad we didn't buy there. Thank you, TUG members for answering my questions and pointing me toward reputable resellers.

 

[Smclaugh99]

Closing papers are in hand with ROFR waived for West 57th Studio Premier, Platinum season, 7200 points annually for $6,500.

Congrats! I was stalking this auction on EBay but ended targeting the 10500 (2x Studio Plus) after your auction ended. The retail price for your purchase was likely > $70k. Great pick up.

Sean

 

[magmue]

Congrats! I was stalking this auction on EBay but ended targeting the 10500 (2x Studio Plus) after your auction ended. The retail price for your purchase was likely > $70k. Great pick up.

Sean

That wasn't me. We worked with Diane Nadeau, who apparently has access to the HGV resale department. Our Goldilocks deed would have been an EOY Studio Premier, but those are apparently unicorn-level rare. We basically told her what we would be comfortable paying for an annual, and she started looking. The first one she turned up was a no-go because it was from an estate that hadn't gone through probate. The next one didn't have points to use until 2023! Third one fit our price, and our request for points to start in 2022, since we still have leftover 2020 points, even after using a chunk in April to stay at Kingsland for 15 days. So we avoided having to reimburse for 2021 MF, which makes the high NYC closing costs less painful.

 

[Smclaugh99]

That wasn't me. We worked with Diane Nadeau, who apparently has access to the HGV resale department. Our Goldilocks deed would have been an EOY Studio Premier, but those are apparently unicorn-level rare. We basically told her what we would be comfortable paying for an annual, and she started looking. The first one she turned up was a no-go because it was from an estate that hadn't gone through probate. The next one didn't have points to use until 2023!m Third one fit our price, and our request for points to start in 2022, since we still have leftover 2020 points, even after using a chunk in April to stay at Kingsland for 15 days. So we avoided having to reimburse for 2021 MF, which makes the high NYC closing costs less painful.

Oh, ok. There was an EBay auction for that same package that was then sold. It was a Buy It Now price that was similarly priced. I do wonder if agents put their listings (RedWeek, SMTN, HGVCResales) on EBay to increase the audience, then remove it if sold through traditional site.

At any rate, good purchase!

Sean

 

[magmue]

Thanks, Sean! I had been haunting eBay for a few months looking for possibilities, and didn’t remember seeing a 7200 point studio, so just went back and looked at completed listings. There were two 7200 points/year deeds in mid May that closed lower than ours, and now I remember looking at the details - I passed on both because MFs were about $2,400 year, so had to have been 1 BR, even though the listing said 0 BR. The MF on a Studio Premier is about $1,500, same as for a Studio Plus.

 

[Gwendyc]

That wasn't me. We worked with Diane Nadeau, who apparently has access to the HGV resale department. Our Goldilocks deed would have been an EOY Studio Premier, but those are apparently unicorn-level rare. We basically told her what we would be comfortable paying for an annual, and she started looking. The first one she turned up was a no-go because it was from an estate that hadn't gone through probate. The next one didn't have points to use until 2023!m Third one fit our price, and our request for points to start in 2022, since we still have leftover 2020 points, even after using a chunk in April to stay at Kingsland for 15 days. So we avoided having to reimburse for 2021 MF, which makes the high NYC closing costs less painful.

We worked with Diane as well. I would definitely recommend!

 

[Smclaugh99]

Just got official confirmation that my EBay purchase from early June passed ROFR:

West 57th (2) Studio Plus Platinum (10500 Annual bHC points) on one deed.
$5150 purchase price
$6808 with closing/transfer
Sold by The Timeshare Group

I was pretty surprised that it passed. I already have W57 Studio Plus Gold Annual and EOY, so will look to drop those. I will post on ROFR.net but divide it in 1/2 to account for the database limitation (2 listings of Studio Plus Platinum for $3404).

Sean

Today I received confirmation paperwork for another EBay purchase to have ROFR waived:

Hilton Club NYC 5000 points
$10
$1430 with closing
Resale Closings, LLC

I originally won this auction in early February but midway through, rep had to cancel because 2021 points were used (but auction listed that they were available). Didn’t hear anything until June when they asked if I was still interested. I said yes and it was submitted June 10th.

I already have 24000 annual HCNY points and didn’t necessarily need more, but it seemed low risk. It was also before I got the 10500 W57 points. My retirement goal has been to have a timeshare equivalent of a pied-á-terre in NYC (fingers crossed that it makes a comeback).

Sean

 

[brp]

Closing papers are in hand with ROFR waived for West 57th Studio Premier, Platinum season, 7200 points annually for $6,500.

Truly the ultimate unicorn deed. Congrats!

That wasn't me. We worked with Diane Nadeau, who apparently has access to the HGV resale department.

A few seem to. I know that Judi Kozlowski also works with HGC directly.

Cheers.

 

[dayooper]

Truly the ultimate unicorn deed. Congrats!




A few seem to. I know that Judi Kozlowski also works with HGC directly.

Cheers.

Diane told me directly that she has access.

 

[brp]

Diane told me directly that she has access.

Oh I don't doubt that she does. I was just commenting that Judi does as well.

Cheers.

 

[sng85]

Late in posting this, about 2 months ago, I closed on a HGV Sunrise Lodge, Studio Plus, Platinum, 3,500 point week for $3,500 total out of pocket including closing fees, $617 activation, etc.

Purchased through Dana who works with Judi K. She was incredibly patient and great to work with.

 

[hellokaren]

We just wired the funds today to close on an annual HGVC Hokulani (Waikiki) platinum 1 bedroom (6200 points). Purchase price was $5,000 + closing costs, maintenance fees, activation, etc. We’re so excited since we loved staying there recently, and rescinded on a Lagoon Tower studio for almost double the price that we purchased while we were there. We’re looking forward to the annual Hawaii trips!

 

[Msb1102]

ROFR waived on Two 2BR Plus 12600 platinum units on a single deed at Trump. Purchase price was $9500 but that included $4,000 25,200 points from 2021 MF that was paid.

I prefer to look at it as $5,500 (easier to justify to myself) for the units plus reimbursement for 2021. Doesn't seem to matter at this point though because HGVC seems to be passing in just about everything still.

Trump isn't the best for mf/point but these units aren't too bad at just under .159 cents and was happy to be able to scoop some up in bulk.

Data point: Original purchase price of each unit was just over $80,000. Original buyer paid over $160,000 for the two weeks in 2015. I looked up the value of price of an entire condo from that tower around that time and it would've only been another $100,000. I don't get it. These HGVC salesmen truly work miracles.

I'm seriously done buying points. Don't let me buy anymore.

 

[T-Dot-Traveller]

ROFR waived on Two 2BR Plus 12600 platinum units on a single deed at Trump ....

Data point: Original purchase price of each unit was just over $80,000. Original buyer paid over $160,000 for the two weeks in 2015. I looked up the value of price of an entire condo from that tower around that time and it would've only been another $100,000. I don't get it. These HGVC salesmen truly work miracles.

I'm seriously done buying points. Don't let me buy anymore.

quote -" don't let me buy anymore "
One big benefit of TUG is learning all your options on use. This can help control those " buy more" urges.
********
congratulations on it passing ROFR

 

[Msb1102]

quote -" don't let me buy anymore "
One big benefit of TUG is learning all your options on use. This can help control those " buy more" urges.
********
congratulations on it passing ROFR

I was just kidding. We took the in-laws with us to Lagoon Tower a few weeks ago. After that trip, MIL insisted on buying one and my wife gave her one of our bigger units at cost and told me to just go get another one.

 

[The Colorado Kid]

ROFR waived on Two 2BR Plus 12600 platinum units on a single deed at Trump. Purchase price was $9500 but that included $4,000 25,200 points from 2021 MF that was paid.

I prefer to look at it as $5,500 (easier to justify to myself) for the units plus reimbursement for 2021. Doesn't seem to matter at this point though because HGVC seems to be passing in just about everything still.

Trump isn't the best for mf/point but these units aren't too bad at just under .159 cents and was happy to be able to scoop some up in bulk.

Data point: Original purchase price of each unit was just over $80,000. Original buyer paid over $160,000 for the two weeks in 2015. I looked up the value of price of an entire condo from that tower around that time and it would've only been another $100,000. I don't get it. These HGVC salesmen truly work miracles.

I'm seriously done buying points. Don't let me buy anymore.

Those original purchase prices are causing a brain bleed - wow

 

[danodano]

ROFR cleared on a 2bed Gold Elara. 8000 points. $3,000 sale price. Annual MF of $1190.

Question in reading these forums - why do more people not just buy the low MF fees (vegas, south carolina etc)? Thanks!

 

[letsgobobby]

ROFR cleared on a 2bed Gold Elara. 8000 points. $3,000 sale price. Annual MF of $1190.

Question in reading these forums - why do more people not just buy the low MF fees (vegas, south carolina etc)? Thanks!

welcome!

A lot of folks are on the hunt for low MF Vegas deeds but they’re not always easy to find. These days I see plenty of 7000 pt Vegas 2 BR plats for around $6000 give or take.

Others own in higher demand locations to guarantee themselves home week booking - we own Lagoon (and pay the higher MF) for this reason.

 

[KDaley]

PASSED
Purchase Date: April 2020
Resort: HGVC ELARA
Location: Las Vegas, Nevada 89109
Size: 1 Bedroom / 1 Bath (1 Bedroom Grand)
WESTGATE PROPERTY - This ownership is a FULL WEEK at the resort EVERY ODD YEAR and does not come with HGVC Points.
Week: Floats Weeks: 1-52
Annual or Biennial: ODD Year Usage
Buyers First Year of Use: 2021
Annual Dues Begin: 2021
Purchase & Closing Costs
Purchase Price: $99.00
Closing Costs paid by- BUYER: $199.00
Transfer Fee paid by- BUYER: $65.00
2021 maintenance dues/fees: $912.66
Total amount due at closing: $363.00

 

[KDaley]

PASSED
Purchase Date: April 2020
Resort: HGVC ELARA
Location: Las Vegas, Nevada 89109
Size: 2 Bedroom / 2 Bath Lockoff (Studio Standard + 1 Bedroom Grand)
WESTGATE PROPERTY - This ownership is a FULL WEEK at the resort EVERY EVEN YEAR and does not come with HGVC Points.
Week: Floats Weeks: 1-52
Annual or Biennial: EVEN Year Usage
Buyers First Year of Use: 2020
Annual Dues Begin: 2020
Purchase & Closing Costs
Purchase Price: $250.00
Closing Costs paid by- BUYER: $199.00
Transfer Fee paid by- BUYER: $65.00
2020 Maintenance Fee Due: $608.00 ((50% Off 2020 MF)
Total closing costs: $1,122.00

 

[KDaley]

PASSED
Purchase Date: July 2021
Resort: HGVC ELARA
Location: Las Vegas, Nevada 89109
Size: 3500 POINTS ANNUAL
Annual or Biennial: EVERY Year Usage
Buyers First Year of Use: 2021
Annual Dues Begin: 2021
Purchase & Closing Costs
Purchase Price: $650.00
Closing Costs paid by- BUYER: $425.00
HGVC Transfer Fee paid by- BUYER: $429.00
Broker Fee: $150.00
2021 Maintenance Fee Due: $662.59
Total closing costs: $2,316.59

 

[magmue]

So a total of two Elara weeks per year, one HGVC and the other Westgate?

ETA: What season is the HGVC deed?

 

[TimeshareTraveller]

Coworker offered $12,000 for an HGVC Ocean 22, 3 BR Plus, July 30, this month. HGVC bought it back.

 

[dayooper]

Coworker offered $12,000 for an HGVC Ocean 22, 3 BR Plus, July 30, this month. HGVC bought it back.

The South Carolina resorts were financed by Strand Capitol and they have been very aggressive with their ROFR. Some have reported that they have even taken back EOY gold deeds. When I was looking to purchase back in the spring, a couple of the well know brokers told me very little was passing ROFR in South Carolina.