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Title company says resort waived ROFR?

arnief

newbie
Joined
Jul 18, 2013
Messages
117
Reaction score
2
Points
78
Location
kingston ny
Is this common, or does it mean that I passed and Hilton didn't refuse? WHy would they waive that (glad they did)..
 

DeniseM

Moderator
Joined
Jun 6, 2005
Messages
57,990
Reaction score
9,541
Points
1,849
Resorts Owned
WKORV, WKV, 2-SDO, 4-Kauai Beach Villas, Island Park Village (Yellowstone), Hyatt High Sierra, Dolphin's Cove (Anaheim)
"Waived ROFR" means that they do NOT want to buy it.

"Exercised ROFR" means they DO want to buy it.

Why? Probably the price is too high, or they don't want that particular unit for their inventory.
 

1Kflyerguy

TUG Review Crew: Veteran
TUG Member
Joined
Nov 20, 2012
Messages
3,557
Reaction score
1,617
Points
399
Location
San Jose, Ca
Resorts Owned
HGVC Kings Land, Elara, and Marriott Destination Club Points
Is this common, or does it mean that I passed and Hilton didn't refuse? WHy would they waive that (glad they did)..

HGVC has dramatically slowed down on the units they are buy back. So this is fairly common right now.
 

vincepecoraro

TUG Member
Joined
Jul 6, 2015
Messages
23
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Location
Dayton, OH
I could see them acting in New York because the points are worth more, but there is just too much inventory out there for them to act on ROFR with Ocean 22 being brand new and Hilton Head coming this summer.
 

chriskre

TUG Member
Joined
Nov 14, 2006
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4,644
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274
Points
468
Location
South Florida
Resorts Owned
DVC- SSR, Poly,
Wyndham Las Cascadas
HGVC Tuscany Village
Bluegreen CMV UDI
RCI pts at VVParkway
Enchanted Isle resort.
Where and what did you buy?
 

arnief

newbie
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Jul 18, 2013
Messages
117
Reaction score
2
Points
78
Location
kingston ny
I bought Flaming HGVC, 4800 (paid way more than I should have ).. But I bought out a client of mine who has always let me borrow his extra points for vegas every year. He also agreed to payments as he was eager to get out, I was eager to get in.. I didn't mind paying higher than I could have.

6K..
 
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