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WooHoo! Platinum at $1.40/pt!

Thanks Bill for the info. and thanks Kurt for the clarification of HHV. After Bill's response, that's kind've what I thought it stood for.
 
Question to the original poster (if you are still there).

How is your closing going?

I bid on this one and narrowly lost out to you (congrats). I put another one under contract at a slightly higher price shortly after this auction. Closing is proceeding nicely.

Just curious if you have a real seller that is able to perform.
 
luv2vacation said:
Okay, I have been researching Hilton and thought I understood it a little... and I am again lost...
Click to expand...

Don't worry. The exam is multiple choice, and the essay question at the end on "rescuing" points is extra credit.

Bill's post sums it up, nicely. But even those of us who've owned for a while refer to the Member's Guide from time to time. However, the flexibility of the system, and hence, its complexity, is its greatest asset. Once you grasp the options for your points; the rest, like making actual reservations, is easy.
 
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jscboston said:
Question to the original poster (if you are still there).

How is your closing going?

I bid on this one and narrowly lost out to you (congrats). I put another one under contract at a slightly higher price shortly after this auction. Closing is proceeding nicely.

Just curious if you have a real seller that is able to perform.
Click to expand...

The closing company has reported to me that they've received all the paperwork they require from the seller and from HGVC, and will send the closing docs to us and to the seller this week.

Thanks for the congrats. I'm pleased with the purchase so far. Please write back when your unit has closed, and tell us all how it went. I'll do the same.

-Bob
 
Got ROFR'd at Hilton I-Drive location

I just had my contract bought back at the International Drive location. I offered 1.80 a point on a 7K contract. I wonder if it has to do with Holiday Group selling me the contract.
 
My condolences, Marylyn. Wow, that's a pretty high level for them to exercise ROFR in today's market. I'm surprised. Try looking on eBay for a Flamingo.

I've gotten and returned my closing docs along with a check for the purchase amount plus closing. Closing appears to be progressing normally, or even reasonably quickly. Here's hoping the seller is as quick to return their docs.
 
Blues said:
My condolences, Marylyn. Wow, that's a pretty high level for them to exercise ROFR in today's market. I'm surprised. Try looking on eBay for a Flamingo.

I've gotten and returned my closing docs along with a check for the purchase amount plus closing. Closing appears to be progressing normally, or even reasonably quickly. Here's hoping the seller is as quick to return their docs.
Click to expand...

Well now that I know the Flamingo has no ROFR that's what I am going to do. What a waste of time, money and energy. I still think HGVC has some sort of grudge against Holiday Group.:crash: It was a high enough offer in my estimation but HGVC didn't think so. Oh well---- off to eBay land. :wall:
 
icydog said:
Well now that I know the Flamingo has no ROFR that's what I am going to do. What a waste of time, money and energy. I still think HGVC has some sort of grudge against Holiday Group.:crash: It was a high enough offer in my estimation but HGVC didn't think so. Oh well---- off to eBay land. :wall:
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My guess is that it had nothing to do with Holiday Group, but rather that you were purchasing at the International Drive location. They are if full swing of active sales there, and don't want the competition of resales.

Kurt
 
PigsDad said:
My guess is that it had nothing to do with Holiday Group, but rather that you were purchasing at the International Drive location. They are if full swing of active sales there, and don't want the competition of resales.

Kurt
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So I've been told. Too bad it looked like a nice property. I am going to concentrate on my Marriotts, DVC and now BG as well. Thanks for the post.
 
icydog said:
So I've been told. Too bad it looked like a nice property. I am going to concentrate on my Marriotts, DVC and now BG as well. Thanks for the post.
Click to expand...

HGVC has been excercising rOFR recently. I encountered the same issue, excepting Flamingo, from what I hear.
 
icydog said:
So I've been told. Too bad it looked like a nice property. I am going to concentrate on my Marriotts, DVC and now BG as well. Thanks for the post.
Click to expand...
If it is the International Drive location that you want for use, there is no reason you need to purchase at that location. There has never been a problem getting reservations, even for the most popular weeks, for any of the Orlando properties if you reserve them at HGVC's 9-month window. Just buy another HGVC property that has the points you need, and use them at the I-drive location.

Kurt
 
You know it wasn't I-Drive that interested me. I wanted to use the 7,000 points to reserve a two bdrm unit on Sanibel or Captiva Islands. We stayed at the Sanibel Cottages and fell in love. We loved them so much we were going to buy there but then we figured if we bought HGVC we could trade for places like HI as well. I would never use the I-Drive location or the Flamingo for that matter. In Orlando we use our Marriotts or DVC. I can get a million different timeshares in LV for an easy trade with a weak trader. Besides my sister lives in Las Vegas. I could always stay with her. But LV is not my cup of tea (nor hers, as it happens!)
 
icydog said:
You know it wasn't I-Drive that interested me. I wanted to use the 7,000 points to reserve a two bdrm unit on Sanibel or Captiva Islands.
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FYI: There's not a lot of availability for these properties through HGVC. They're not even listed on the Web site due to limited availability; you have to call CS.
 
Maybe I could find something in early Feb on those two islands

We would go in early Feb before the REAL spring breakers get onto the scene. Maybe that would be easier to find. Yes, I know that the people who own there-- go there. Most of the folks by the pool have been going there for yrs on end. Then they pass the ownership to their kids and they go years on end.
 
Purchase has now closed

Today I received a copy of the recorded deed, as sent from the Clark county recorder's office. The deed was actually recorded on 8/28, but it took this long to get a copy.

The transaction is now complete!

Tomorrow, Timeshare Transfer will send a copy of the recorded deed to HGVC. Hopefully I'll have the 7000 points in my account shortly. Usage starts in 2009, but HGVC should show those 2009 points.

WooHoo!

-Bob
 
Bob, many congrats! HGVC is pretty quick to update the new owners. In my case, it took only 5 days after they received the notification from closing co.
Enjoy your new 7000 points and thank you for sharing your purchase story!
 
Flamingo HGVC at $1.00 per point

Thanks to your finding No ROFR at Flamingo Hilton, I had Judy K offer $3500 for a 3400 point unit at Flamingo to add to our previous 21,000 points. The offer was accpted and we closed escrow and title was transfered in under 30 days. I know the maintenance fee spread is not as great compared to the 5000 and 7000 maintnance, but at a $1.00 a point, I'm a winner.
 
Just wondering....

what happens when buying off of ebay, paying for the timeshare

THEN finding out its been ROFR'ed

is all money returned??
 
As I explained in this thread, part of the closing process for HGVC is to get an Estoppel letter from HGVC. The estoppel letter is where they either waive or exercise ROFR, among other things. In my case, the escrow company did not request any money until they received the estoppel. So if Hilton had exercised ROFR, there would not yet have been any money to refund. (Of course, Hilton didn't have ROFR on my purchase, so that wasn't a concern).
 
Some resellers require payment in full before they send ROFR and then send refunds. Make sure you use an escrow company
 
jscboston said:
Question to the original poster (if you are still there).

How is your closing going?

I bid on this one and narrowly lost out to you (congrats). I put another one under contract at a slightly higher price shortly after this auction. Closing is proceeding nicely.

Just curious if you have a real seller that is able to perform.
Click to expand...

Looks like you beat me to the finish line. I sent my final payment to the escrow company about six weeks ago, but apparently my seller still has not signed the documents to finalize this transaction. As you might imagine, I am a bit frustrated by this. Wish I had kept going and bid a little bit higher on yours! Congrats again.
 
Purchased Memorial Day Weekend and Still Waiting....

I bought my timeshare off Ebay on Memorial Day weekend. On September 4, the deed recorded. I'm still waiting on HGVC to recognize the additional points. When I e-mailed them, they indicated 30-45 days. I'm anxiously waiting to use my 2008 points for a 2009 reservation (I'm rescuing them). Do you think it would do any good to ask the title company to nudge them along?:confused:
 
Thanks for this report, KDudley. My closing agent sent the recorded deed to HGVC on 9/10, and I also am still waiting. In my case, I've already sent email to the closing agent asking them to inquire at HGVC, but I haven't heard back from them yet. I think they consider this a done deal (the deed did record), so aren't giving it priority.

Please let us know when your points get posted to HGVC, and I'll do the same.

-Bob
 
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