ROFR Exercised/Passed

[HuskerATL]

Does Hgvc recognize your third party purchases toward your status?

depends on the property and how it was purchased. You need to purchase it from an HGV authorized resale location and be a property listed in the reference guide as being elite qualifying. For Craig Lodges, for example, you need to buy it from the HGV resale office in Scotland and HGV does recognize it. We became Elite Premier because of a purchase there but if you buy a resale week for Craig Lodges from a different third party, then it won't count.

 

[GT75]

Does Hgvc recognize your third party purchases toward your status?

Not 3rd party but some resales purchases do count if they were purchased via HGVC onside agent. As mentioned already by @HuskerATL some of the Scotland properties, Valdoro and FL Gulf properties (not sure if these still count). I would ask the onsite agent if they will count.

 

[CXiRJS]

Just found out Strand exercised ROFR on a deed with 2 platinum oceanfront deeds at Ocean Oak (15360 x 2) for $30,720. Bummer.

We wanted OO because we would use it for home weeks. Onto the next one…

 

[dayooper]

Just found out Strand exercised ROFR on a deed with 2 platinum oceanfront deeds at Ocean Oak (15360 x 2) for $30,720. Bummer.

We wanted OO because we would use it for home weeks. Onto the next one…

Unfortunately that seems about right. From what it sounds like the oceanfront premier rooms need sell for over $20000 a piece to pass ROFR.

 

[Whippet]

Bot 1br Kings Land 14880 points on eBay. Purchase 4/4, cleared ROFR 5/8, point in my account 5/25. Timeshare Cures was eBay seller, transaction was smooth. Price was $6000 all in, no closing costs. No 2023 points so no maintenance fee adjustment.

 

[Snezz1e]

Tried to buy 2 Ocean Enclave 1 BR 13440 Platinum deeds from two different sellers.

First one with $12k purchase price, free 2023 points, and buyer paid closing cost (About $2k including activation) failed ROFR about 2 weeks ago.

Second one for $14k, 2023 points already used up, and seller paid closing (including a credit to pay my $655 activation fee and $199 club due) just passed ROFR.

I tried to structure first purchase to have higher purchase price and seller paid closing but was told it didn't really matter because the developer factored it all in. First contract is technically about $600 cheaper factoring in free points. Was it the $600 that caused it to fail or did they look more towards purchase price.

 

[HuskerATL]

Tried to buy 2 Ocean Enclave 1 BR 13440 Platinum deeds from two different sellers.

First one with $12k purchase price, free 2023 points, and buyer paid closing cost (About $2k including activation) failed ROFR about 2 weeks ago.

Second one for $14k, 2023 points already used up, and seller paid closing (including a credit to pay my $655 activation fee and $199 club due) just passed ROFR.

I tried to structure first purchase to have higher purchase price and seller paid closing but was told it didn't really matter because the developer factored it all in. First contract is technically about $600 cheaper factoring in free points. Was it the $600 that caused it to fail or did they look more towards purchase price.

That is interesting. I wonder if it has more to do with who reviews the ROFR or timing, i.e. they have picked up X number so now need to let some pass since they are stuck with them until they sell them. I am surprised the second one passed though since most SC fail.

 

[Snezz1e]

That is interesting. I wonder if it has more to do with who reviews the ROFR or timing, i.e. they have picked up X number so now need to let some pass since they are stuck with them until they sell them. I am surprised the second one passed though since most SC fail.

Going through Judi for both purchases and both contracts were signed same time. They were waiting for estoppel before submitting ROFR to developer and estoppel for first one came in much quicker. The ROFR failed for first one before estoppel came in for second. I asked if I can increase offer for second one to $15k since I thought it was going to fail too but they said it was too late to do that. I don't really get why but didn't want to push it. Worked out in the end.

 

[HuskerATL]

Going through Judi for both purchases and both contracts were signed same time. They were waiting for estoppel before submitting ROFR to developer and estoppel for first one came in much quicker. The ROFR failed for first one before estoppel came in for second. I asked if I can increase offer for second one to $15k since I thought it was going to fail too but they said it was too late to do that. I don't really get why but didn't want to push it. Worked out in the end.

you can compare to rofr.net

 

[Snezz1e]

you can compare to rofr.net

View attachment 77439

The 2BR Plus is same amount of points but higher MF. It failed at $15k but mines passed at $14k. From and MF/p perspective my deed is more valuable. From a property value perspective the room is bigger so it's more valuable. So that may somewhat explain why mines passed and that one didn't.

I saw those before putting in my offers. But they were listed with $14k asking prices so I thought Judi listed them with knowledge with what would pass ROFR. I was just haggling little bit on closing cost to save some money but I guess I shouldn't have.

My original offer was $14k on first contract with seller paid closing and reimbursement for points. Seller didn't want to pay the 2-2.5k closing so wanted 12k straight up. When I got contract to sign it changed to free points so final cost was actually lower than my original offer. I just signed it without questioning it further.

My greed might of cost me in the end. Paying another $1-2k would still be worth it long term vs. the LV deeds with slightly higher MF but lower cost. Then again I am going to try to do a massive trade in to get into MAX if the numbers are right. This deed is not a good trade in with the higher acquisition cost.

 

[HuskerATL]

The 2BR Plus is same amount of points but higher MF. It failed at $15k but mines passed at $14k. From and MF/p perspective my deed is more valuable. From a property value perspective the room is bigger so it's more valuable. So that may somewhat explain why mines passed and that one didn't.

I saw those before putting in my offers. But they were listed with $14k asking prices so I thought Judi listed them with knowledge with what would pass ROFR. I was just haggling little bit on closing cost to save some money but I guess I shouldn't have.

My original offer was $14k on first contract with seller paid closing and reimbursement for points. Seller didn't want to pay the 2-2.5k closing so wanted 12k straight up. When I got contract to sign it changed to free points so final cost was actually lower than my original offer. I just signed it without questioning it further.

My greed might of cost me in the end. Paying another $1-2k would still be worth it long term vs. the LV deeds with slightly higher MF but lower cost. Then again I am going to try to do a massive trade in to get into MAX if the numbers are right. This deed is not a good trade in with the higher acquisition cost.

My Craig Lodges cost me about what you paid in closing....and then I use the points from them at Enclave, OO, etc....

 

[GT75]

Was it the $600 that caused it to fail or did they look more towards purchase price.

I believe it was the purchase price because the free 2023 pts won't factor into the evaluation for Stand (IMO). As I am sure you are aware, Strand (developer of SC properties) controls the ROFR. They have been very aggressive. I also believe that what @HuskerATL posted in post #782 also has some bearing.

 

[Snezz1e]

Working with Judi to buy something else and she mentioned they just exercised ROFR on contract for $500 more so she's not sure why they do what they do.

 

[cowboyfan]

Working with Judi to buy something else and she mentioned they just exercised ROFR on contract for $500 more so she's not sure why they do what they do.

Have you had any success with Liberty Place Charleston resales? Does Judi have any Liberty Place resales available. Thanks in advance

 

[Hdub08]

Has anyone had any issue with Hilton exercising ROFL on Kings' Land? We're anxiously waiting to hear back on a 2 bedroom premium during platinum season. Thank you in advance!

 

[HuskerATL]

Has anyone had any issue with Hilton exercising ROFL on Kings' Land? We're anxiously waiting to hear back on a 2 bedroom premium during platinum season. Thank you in advance!

Most pass there, http://www.rofr.net/

 

[Hdub08]

Most pass there, http://www.rofr.net/

Great to hear, thank you for the additional info!

 

[JeetALB]

Our first HGVC purchase thru TUG Resale via broker - passed ROFR. This is a 2BR Plat 11.2K pts for $3K at Tuscany Vill, also posted in rofr.net
Thanks to all TUGers for this incredible site which has been an invaluable resource.

 

[Hdub08]

Has anyone had any issue with Hilton exercising ROFL on Kings' Land? We're anxiously waiting to hear back on a 2 bedroom premium during platinum season. Thank you in advance!

Update, Hilton waived the ROFL! We are working with Syed and will pay $15k for a 2bd premium (23,040) annually.

 

[GT75]

Update, Hilton waived the ROFL! We are working with Syed and will pay $15k for a 2bd premium (23,040) annually.

Nice, congratulations. You got it at a great price also. We own that unit. It has great MF/pt. That is how I am using it. I only use that unit as a points generator.

 

[letsgobobby]

W57th 8400/STP Plat just sold for $999 on EBay. I know the winning bidder

see if it passes ROFR

 

[Snezz1e]

Failed ROFR on another Ocean Enclave, 1 BR 13440 Platinum, at $13.5k and seller paid closing.

 

[GT75]

Failed ROFR on another Ocean Enclave, 1 BR 13440 Platinum, at $13.5k and seller paid closing.

Unfortunately for resale buyers, the developer, Stand, has been very aggressive. I honestly don't understand why HGV doesn't do the same thing.

Edited to add: But wait, HGV until after I pass my latest purchase (cheap LV purchase with low MF for a great low price) on ROFR before you change your policy.

 

[Mr.G]

Failed ROFR on another Ocean Enclave, 1 BR 13440 Platinum, at $13.5k and seller paid closing.

I saw another one listed at $12.5K, Update: it is a 2B, my bad

 

[HuskerATL]

Failed ROFR on another Ocean Enclave, 1 BR 13440 Platinum, at $13.5k and seller paid closing.

Not surprising. Strand exercises ROFR on almost all SC properties