ROFR Exercised/Passed

[dayooper]

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

rofr.net has it as a platinum 2 bedroom.

 

[clominac]

Retail quoted at $53k. Getting this back in inventory will net them a nice gain.

 

[Nowaker]

From FB: https://www.facebook.com/groups/HGVCowners/posts/1024175261850602/

Judikoz reported that HGVC Las Palmeras (Orlando) - 3 BR Gold - 5,800 old / 9,280 new - was exercised (did not pass) at $500.

 

[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.

In follow up to this, I finally have my HGVC account set up, all the points were there and nothing went sideways on this one. High bid on ebay was during Super Bowl, and my account is fully up and running today. So Feb 13 to April 14th. A solid 2 months. Felt longer than that somehow! In the meantime the 7000 points are now a 'new calculation' of 11,200.

 

[GMan82]

Grand Vacations Titling just charged my credit card to open escrow on my W 57th STP 5250/8400 resale purchase. Per Diane Nadeau, I should expect closing documents in the next 2-3 weeks. It’s been over 30 days since the contracts were signed, so I take this to mean that they waived ROFR.

What info do we post here (and rofr.net)? I only have my purchase price ($3125) and estimated closing costs right now ($2145 - NY). I’ll wait until official closing to do so though. Is that breakdown in post # 1 still accurate?

Since my Elara purchase in 2018 was Developer, I’m hoping I still get all the the bHC benefits when the deed is officially mine.

 

[Nowaker]

It’s been over 30 days since the contracts were signed, so I take this to mean that they waived ROFR.

See the estoppel, page 2. This is where you will find whether the ROFR was waived or not. Do not report until you have the estoppel in hand.

EDIT: s/if/until/

 

[mjm1]

I’m happy to report that our Boulevard 2BR Platinum unit appeared in our account today. I haven’t been checking, so I’m not sure if this is the first day or not. As for the timeline, our offer was accepted on March 16, it was submitted to HGVC for ROFR on March 25, and they waived ROFR on March 29. The deed was recorded on April 6 and it’s in our account on April 21. Needless to say, but we are very happy with the efficiency of the process by everyone involved.

Best regards.

Mike

 

[GMan82]

O

See the estoppel, page 2. This is where you will find whether the ROFR was waived or not. Do not report if you have the estoppel in hand.

Oh I won’t report anything until it’s closed. I haven’t seen the estoppel yet, but I think that’s coming in the upcoming weeks. However, contracts were signed on March 17. Grand Vacations Titling won’t open escrow to accept my deposit unless rofr was waived, so, this is where I stand now. Probably a few more weeks.

 

[terces]

Can I ask how much you paid? We have 3 of the identical units and like to understand the value of what we own.

I’m happy to report that our Boulevard 2BR Platinum unit appeared in our account today. I haven’t been checking, so I’m not sure if this is the first day or not. As for the timeline, our offer was accepted on March 16, it was submitted to HGVC for ROFR on March 25, and they waived ROFR on March 29. The deed was recorded on April 6 and it’s in our account on April 21. Needless to say, but we are very happy with the efficiency of the process by everyone involved.

Best regards.

Mike

 

[mjm1]

Can I ask how much you paid? We have 3 of the identical units and like to understand the value of what we own.

Definitely review the ROFR database here on TUG to get a wider perspective. We agreed to a price of $4,500 plus closing costs, but changed it to $5,400 and the seller paid closing costs, which were $900. We thought that may help us get through the ROFR process. Whether HGVC would have waived their right at $4,500 is unknown.

Best regards.

Mike

 

[GMan82]

Well I have the Estoppel in hand and HGVC waived ROFR on my W 57th STP 5250/8400 point platinum week. Still have to go through Closing. What info do I upload into Rofr.net as actual price?

Price: $3125
Closing: $1220 + many title fees + $450 HGV activation

 

[HuskerATL]

Well I have the Estoppel in hand and HGVC waived ROFR on my W 57th STP 5250/8400 point platinum week. Still have to go through Closing. What info do I upload into Rofr.net as actual price?

Price: $3125
Closing: $1220 + many title fees + $450 HGV activation

The purchase price. Not the other fees.

 

[lds337]

Just received an email from Redweek saying that HGVC waived ROFR for The Crane for the 2 Bedroom Ocean View & Pool – Residences By The Sea (2BL) for 19,200 old points / 30,720 new points. It isn't coming with any 2022 points, but still want it to close ASAP so I have the points in my account to book for 2023. I really want to go to Barbados and use the 28' Infinity Pool and I'm hoping that HGVC has The Crane available to book online soon.

$19k plus closing costs & transfer fees

 

[GMan82]

The purchase price. Not the other fees.

And what date do you normally put? The date one receives the estoppel? The closing date? The date the contract was signed?

 

[HuskerATL]

And what date do you normally put? The date one receives the estoppel? The closing date? The date the contract was signed?

I put in the closing date but I am not sure that really matters. I think folks just want to see the price, location, points, unit size, and whether it passed or not.

 

[GonzSquad]

I’m close to having the deed recorded and sent to Hilton for processing/transfer (waiver and estoppel are on hand) … is the closing date the date Hilton actually does the transfer or the date the deed is recorded?

 

[HuskerATL]

I’m close to having the deed recorded and sent to Hilton for processing/transfer (waiver and estoppel are on hand) … is the closing date the date Hilton actually does the transfer or the date the deed is recorded?

It would be the date all the paperwork have been completed. The actual transfer date may be later and after you pay the transfer and club fee.

 

[GMan82]

I put mine into ROFR.net. W 57th STP platinum for $3125 not including the fees. Glad I got to contribute to that site and also that I learned and found a resale in bHC. Should I be worried that resale prices into W 57th have basically plummeted? The trend on ROFR shows that this unit pre-pandemic would have been about $10k.

 

[letsgobobby]

I put mine into ROFR.net. W 57th STP platinum for $3125 not including the fees. Glad I got to contribute to that site and also that I learned and found a resale in bHC. Should I be worried that resale prices into W 57th have basically plummeted? The trend on ROFR shows that this unit pre-pandemic would have been about $10k.

What's to worry about?

 

[dayooper]

I put mine into ROFR.net. W 57th STP platinum for $3125 not including the fees. Glad I got to contribute to that site and also that I learned and found a resale in bHC. Should I be worried that resale prices into W 57th have basically plummeted? The trend on ROFR shows that this unit pre-pandemic would have been about $10k.

You should never purchase HGVC as an investment. I went into this with the thought process that I won’t get back what I put in. I bought for the accommodations and locations. If I ever have to get out from underneath of my purchases, I am prepared to give mine away. Anything else would be gravy.

 

[GonzSquad]

ROFR was waived (passed) on a 2 BR Platinum at Tuscany Village for $4,000 earlier this month. Comes with 2022 usage (incl. in price). Closing costs came to approx. $1600 if I include the HGVC transfer fee.

 

[ChrisZXWJ]

Got notified yesterday that my Ebay purchase of a 1BR Plus Platinum with 9920 points at Ocean 22 for $5,000 passed ROFR. I had a purchase of a 1BR Platinum with 7680 points at Ocean 22 for $4,800 fail two months ago.

 

[dayooper]

Got notified yesterday that my Ebay purchase of a 1BR Plus Platinum with 9920 points at Ocean 22 for $5,000 passed ROFR. I had a purchase of a 1BR Platinum with 7680 points at Ocean 22 for $4,800 fail two months ago.

Wow! That’s huge! Not many deeds South Carolina deeds sneaking out lately. Nice deal for Ocean 22. IIRC, that property has a nice MF to point ratio.

Could you add this to ROFR.net?

 

[ChrisZXWJ]

Could you add this to ROFR.net?

I have to admit, I'm waiting for it to be signed in blood before I get too excited. I'll definitely add it when it's official!

 

[Stevesdesign]

I have just added my purchase to ROFR.net:
HGVC at SeaWorld
2 BR Gold 2 Weeks Annual
16000 Points
$985.00 with closing costs paid by seller
MF- $2405