ROFR Exercised/Passed

[dayooper]

Like 4 weeks

Wow, that’s a change from this past summer. It was 2 days from submit to getting our waiver and estoppel sent back.

 

[Nowaker]

Wow, that’s a change from this past summer. It was 2 days from submit to getting our waiver and estoppel sent back.

My 4 ROFRs took between 0 and 7 days. I'd suspect the agent/closing company is to blame - either a delayed submission, or if there's no ROFR after 4 days, they should ping HGVC, and it's getting prioritized. That's what LT Transfers does. My Flamingo 7k was getting delayed, so they pinged, and HGVC issued the estoppel on the next day.

 

[dayooper]

My 4 ROFRs took between 0 and 7 days. I'd suspect the agent/closing company is to blame - either a delayed submission, or if there's no ROFR after 4 days, they should ping HGVC, and it's getting prioritized. That's what LT Transfers does. My Flamingo 7k was getting delayed, so they pinged, and HGVC issued the estoppel on the next day.

It took much longer before Covid. When they were actively exercising ROFR, it was normal to take the full 30 days to get an answer. My first purchase took a month to get the answer back and it was always going to pass (Flamingo, no ROFR).

My guess is they are short staffed so even estoppels are taking longer, they’ve been really busy, they are starting up exercising ROFR again or a combination of all 3.

Or maybe the the closing company is slow.

 

[Lodemia]

My Rofr for my boulevard two deeds took 1 business day (Thursday)

 

[Lodemia]

Bay club at Waikoloa (Villa) annual 8400pts -$0 passed. Took around 4 hours to get estoppel and roar waived.

 

[dayooper]

Bay club at Waikoloa (Villa) annual 8400pts -$0 passed. Took around 4 hours to get estoppel and roar waived.

Congrats!

 

[Gunfighter]

Not sure how long it took for Hilton's response to the broker, but we waited a full 30 days to hear we passed ROFR. This was an eBay auction with expectations of a S L O W closing, so we weren't expecting anything before 30 days. Once it actually closes, I'll enter in the ROFR database.

West 57th Studio Plus Platinum 5,250 annual points for $3629 (seller pays closing costs, we pay Hilton Fees).

 

[Lodemia]

Not sure how long it took for Hilton's response to the broker, but we waited a full 30 days to hear we passed ROFR. This was an eBay auction with expectations of a S L O W closing, so we weren't expecting anything before 30 days. Once it actually closes, I'll enter in the ROFR database.

West 57th Studio Plus Platinum 5,250 annual points for $3629 (seller pays closing costs, we pay Hilton Fees).

I think I bid against you on that one. Sorry about that! Ended up getting a HCNY deed from the same seller, haven’t heard ROFR yet.

 

[Lodemia]

My Rofr for my boulevard two deeds took 1 business day (Thursday)

Working with TRCS, Inc. (Diane) - Offer November 24th, Paperwork and Estoppel December 14th, Transferred December 28th. Start to finish roughly 1 month, including two significant US Holidays.

 

[Nowaker]

Working with TRCS, Inc. (Diane) - Offer November 24th, Paperwork and Estoppel December 14th, Transferred December 28th. Start to finish roughly 1 month, including two significant US Holidays.

This sounds fishy. There's a pattern of long processing when brokers are involved. I would suspect they were collecting other offers in the meantime, before submitting the estoppel request form and asking for a ROFR waiver.

 

[dayooper]

This sounds fishy. There's a pattern of long processing when brokers are involved. I would suspect they were collecting other offers in the meantime, before submitting the estoppel request form and asking for a ROFR waiver.

I don’t suspect this at all. What sometimes they do is collect an offer, and go to the people who have hired them to sell and see if they have someone who is willing to do that offer.

When I bought, I bought through a Facebook group and it took a week and a half from the time I signed the purchase order until we got back the ROFR waiver and estoppel. Very similar to the 2.5 weeks this transaction took. We used LT Transfers.

 

[GT75]

This sounds fishy.

I disagree with your logic.

 

[Magus]

This sounds fishy. There's a pattern of long processing when brokers are involved. I would suspect they were collecting other offers in the meantime, before submitting the estoppel request form and asking for a ROFR waiver.

A month start to finish with two holidays is fishy? /scratches head

 

[Nowaker]

Very similar to the 2.5 weeks this transaction took. We used LT Transfers.

I misunderstood the provided timeline. It sounded like 3 weeks wait for ROFR to me.

 

[Lodemia]

So for those playing a long at home - Hawaii recorded the Deed for the gift transfer of Bay club Waikoloa in two days. It’s now in Hilton’s hands to add to our account. All in all a pretty efficient transaction.

 

[paulharr58]

Found out today that HGVC exercised the ROFR on a Ocean 22 - 3400 points Gold season for $1,000. The request went to them on the 15th, we found out today, and the purchase price was refunded today. In ROFR.net, no Ocean 22 have passed.

Also found out today my Ocean 22 will be exercised by HGVC...4800 points...starting the process immediately..

 

[Lodemia]

So for those playing a long at home - Hawaii recorded the Deed for the gift transfer of Bay club Waikoloa in two days. It’s now in Hilton’s hands to add to our account. All in all a pretty efficient transaction.

And it's now in our account.

 

[BingoBangoBongo]

Was advised today that my $2500 offer for an EOY 7200 Platinum 1BR at the District passed ROFR.

 

[dayooper]

Was advised today that my $2500 offer for an EOY 7200 Platinum 1BR at the District passed ROFR.

That is a great buy! Congrats!

 

[Magus]

Was advised today that my $2500 offer for an EOY 7200 Platinum 1BR at the District passed ROFR.

good price and you’ll get great value from AI with your other HGV points!

 

[Wright17s]

I received confirmation a couple of weeks ago my $4,494.44 offer for an EOY 7200 1 BR Premier Platinum at Sunrise Lodge passed ROFR - I'm pretty excited, I have a few ski weeks at Valdoro and am looking forward to expanding my ski weeks to Park City!

 

[dayooper]

I received confirmation a couple of weeks ago my $4,494.44 offer for an EOY 7200 1 BR Premier Platinum at Sunrise Lodge passed ROFR - I'm pretty excited, I have a few ski weeks at Valdoro and am looking forward to expanding my ski weeks to Park City!

Congrats!

 

[marmite]

Similar experience as @Gunfighter dealing with a potentially slow eBay closing, apparently it has passed ROFR and could be another 2 weeks to be fully set up by HGVC. 7000 point plat. annual Paradise contract for $4,250. Will enter it when it is fully closed.

 

[clominac]

11,200 pt @ Ocean Oak failed at $15k. added to ROFR.

 

[GT75]

11,200 pt @ Ocean Oak failed at $15k. added to ROFR.

Interesting. So was this a 2Br regular room, platinum season or 2BR OF Gold season?

edited: never mind, I found it on rofr.net. It was a platinum season. The developer has always been aggressive at Ocean Oak. It looks like they are even getting more aggressive now.