Hgvc rofr

bevans · Feb 17, 2016

Yes it was and I was surprised when the bidding stopped although it had a late evening ending time. I really was not expecting to win but like the Flamingo contracts because the maintenance fees are low and lack of rofr. Curt

JSparling · Feb 17, 2016

Jason245 said:
I call bull shiza. ..

If buyer accepted an offer from you, then hilton can not take the contract legally until they exercise rofr.

He said it wasn't under contract yet. And who cares anyway. Hilton is taking their ROFR whether the follow steps A, B, and C or skip B or go right to C. Who cares. The point is they took the unit.

seagila · Feb 18, 2016

Premiervacationmarketing aka BCSRentals?

bevans said:
Yes it was and I was surprised when the bidding stopped although it had a late evening ending time. I really was not expecting to win but like the Flamingo contracts because the maintenance fees are low and lack of rofr. Curt

I saw the same listing but was leery of the seller despite their 100% positive feedback. New-ish Ebay member and private transactions.

Did some online sleuthing and am wondering whether premiervacationmarketing is aka bcsrentals (aka redweek4less?) - very sketchy website, Sevierville, TN address, and only accepts AmEx for credit card payments.

BCSRentals discussed here and here.

I really hope I'm wrong and that you really got a good deal. Would be interested to know how the transaction goes.

Good luck!

Jason245 · Feb 18, 2016

JSparling said:
He said it wasn't under contract yet. And who cares anyway. Hilton is taking their ROFR whether the follow steps A, B, and C or skip B or go right to C. Who cares. The point is they took the unit.

One is them taking it as part of legal rofr process, the other is the agent taking an offer calling up hilton and using that offer to get hilton to match the offer (without the seller having accepted since there was no signed contract ) and not instead asking hilton for their own offer. .. it might seem like a formality to you, but I view it is a procedural requirement and a potential ethical violation.

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taterhed · Feb 18, 2016

Hmm.

smells ^^^^^ to me too.

elleny76 · Feb 18, 2016

I bought at GP 8400platinum HGVC for $5k + $995 ( no ROFR) back in November 2015 and still waiting.( it has being a nightmare instead of a dream ride) :shrug:

presley · Feb 18, 2016

elleny76 said:
I bought at GP 8400platinum HGVC for $5k + $995 ( no ROFR) back in November 2015 and still waiting.( it has being a nightmare instead of a dream ride)

Who did you buy it from?

joeyb1180 · Feb 18, 2016

linsj said:
Seth Nock, another recommended broker, told me Hilton is exercising ROFR on platinum units. He's lost 12 in the past month.

I got my Hilton on eBay 7K and it just passed ROFR. I got a deal at $6K ($0.85/point). I heard the complete opposite of Hilton exercising ROFR as of late.

Ctighe, please say it wasn't BCS Rentals. See the link that Seagalia posted, one is the thread I started to spread awareness on that crook. If it is, contact Amex now, assuming you HOPEFULLY used them.

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CTighe · Feb 19, 2016

There is a 7000 point ananual @ Vegas paradise for $1000 here on the tug marketplace. There no way that could pass ROFR right?

1Kflyerguy · Feb 19, 2016

CTighe said:
There is a 7000 point ananual @ Vegas paradise for $1000 here on the tug marketplace. There no way that could pass ROFR right?

It might.. HGVC was not really exercising ROFR much for the past 12 months or so... based on your experience and a few other reports they seem be getting active once again.

What is timing for needing / wanting usage of your purchase? If you are comfortable with the deal, i would not be too worried about HGVC and ROFR.. You can offer to buy, and if HGVC does take the unit via ROFR, the only thing your out is time.... You can just start over with a different deal...

taterhed · Feb 19, 2016

Personally, I don't the issue was whether it will pass HGVC ROFR or not. Today it might....tomorrow maybe not.

The real issue was the "She said she called Hilton to let them know about the sale and they told her then that they will take it. " This is clearly just an allegation/hearsay on the part of the OP, but disturbing NTL.

It's my understanding that ROFR can only be executed via submitted contract/ROFR submission. Perhaps a truly knowledgeable Tugger can reply, but it seems that a 'verbal' discussion concerning ROFR with HGVC would be either self-serving or potentially present a fiduciary conflict with the seller, buyer or both. Judi K is an agent with lots of experience in these matters. I'm pretty sure she would be aware of the potential conflicts involving these matters. Judi describes the process quite clearly on this page: http://www.redweek.com/resources/sale_process/selling-hilton-hgvc-timeshare

I would really like to know the 'truth' on this one. The whole ROFR subject generates a lot of suspicion and scheming as it is.

Nothing wrong with trying to help a seller get full market value for a sale; also nothing wrong with helping a buyer complete a sale without wasting time on unrealistic low-ball offers. But, giving one guy at HGVC the power to influence contract submission prices (for maybe 20 phone calls a day?)with a 'yea or nea' phone call is kinda scary. Perhaps the OP just misunderstood the agent....or maybe not?

like to hear the end of this one with an explanation on the OP's statement.

presley · Feb 19, 2016

taterhed said:
I would really like to know the 'truth' on this one. The whole ROFR subject generates a lot of suspicion and scheming as it is.

It does sound like there is something off about the way Hilton handled this. They have ROFR and the contracts don't specify how they need to handle that - just that they can buy it back when it is for sale.

When I contacted their resale department a few months ago, they said I had to list with Judi and not them. Maybe they have an arrangement that she can just call them vs. doing all the paperwork. That would be a very cheap way for them to handle the whole thing, rather than doing it in house.

CTighe · Feb 19, 2016

taterhed said:
Personally, I don't the issue was whether it will pass HGVC ROFR or not. Today it might....tomorrow maybe not.

The real issue was the "She said she called Hilton to let them know about the sale and they told her then that they will take it. " This is clearly just an allegation/hearsay on the part of the OP, but disturbing NTL.

It's my understanding that ROFR can only be executed via submitted contract/ROFR submission. Perhaps a truly knowledgeable Tugger can reply, but it seems that a 'verbal' discussion concerning ROFR with HGVC would be either self-serving or potentially present a fiduciary conflict with the seller, buyer or both. Judy K is an agent with lots of experience in these matters. I'm pretty sure she would be aware of the potential conflicts involving these matters. Judy describes the process quite clearly on this page: http://www.redweek.com/resources/sale_process/selling-hilton-hgvc-timeshare

I would really like to know the 'truth' on this one. The whole ROFR subject generates a lot of suspicion and scheming as it is.

Nothing wrong with trying to help a seller get full market value for a sale; also nothing wrong with helping a buyer complete a sale without wasting time on unrealistic low-ball offers. But, giving one guy at HGVC the power to influence contract submission prices (for maybe 20 phone calls a day?)with a 'yea or nea' phone call is kinda scary. Perhaps the OP just misunderstood the agent....or maybe not?

like to hear the end of this one with an explanation on the OP's statement.

All I can say is that the morning after I spoke to her and said I would take the unit I was told that Hilton was gonna take it back, this is before I ever even saw a contract which was suppose to be sent to me that morning. I was told that they are being that aggressive with ROFR right now. I'm not saying anything negative about Judi in any way I just never heard of this from all the reading I've done on here. But things change.

natarajanv · Feb 19, 2016

CTighe said:
All I can say is that the morning after I spoke to her and said I would take the unit I was told that Hilton was gonna take it back, this is before I ever even saw a contract which was suppose to be sent to me that morning. I was told that they are being that aggressive with ROFR right now. I'm not saying anything negative about Judi in any way I just never heard of this from all the reading I've done on here. But things change.

Did you have to negotiate with Judi to get the price lower to $2300, or was that the list price?

I am trying to see why she even encouraged/agreed to this price when she knows it will be ROFr'ed

CTighe · Feb 19, 2016

natarajanv said:
Did you have to negotiate with Judi to get the price lower to $2300, or was that the list price?

I am trying to see why she even encouraged/agreed to this price when she knows it will be ROFr'ed

It's what it was listed for, I didn't neg at all.

taterhed · Feb 19, 2016

presley said:
It does sound like there is something off about the way Hilton handled this. They have ROFR and the contracts don't specify how they need to handle that - just that they can buy it back when it is for sale.

When I contacted their resale department a few months ago, they said I had to list with Judi and not them. Maybe they have an arrangement that she can just call them vs. doing all the paperwork. That would be a very cheap way for them to handle the whole thing, rather than doing it in house.

I too am making no allegations or suggestions about Judi (sorry I, not Y), just curious about this nebulous HGVC ROFR. I searched hard for the HGVC ROFR verbiage, but could only find some affiliate resorts; I'm sure they differ from HGVC. As I cited in the post above:

"In a typical transaction, brokers will forward a sales contract to Hilton for review. Hilton then has 30 days to exercise the FROR or waive it, allowing the resale to proceed. It takes between 4 - 6 weeks for the closing and transfer to be finalized. "

This is a 'quote' from the website attributed to Judi. Perhaps things have changed? Maybe this isn't 'typical.' I always thought the ROFR process required a valid contract (written) to move forward. Otherwise, why not just call them 10 times a day with different prices? Perhaps we should all call and try finding the breaking point for a 7000 point ROFR.
.....call him again, I bid 41 cents a point!.....

joeyb1180 · Feb 19, 2016

CTighe said:
All I can say is that the morning after I spoke to her and said I would take the unit I was told that Hilton was gonna take it back, this is before I ever even saw a contract which was suppose to be sent to me that morning. I was told that they are being that aggressive with ROFR right now. I'm not saying anything negative about Judi in any way I just never heard of this from all the reading I've done on here. But things change.

I was going to make an offer on a few of Judi's postings on her website, not her eBay listings, and she wouldn't even take my offers as she said it was "below the ROFR thresh hold of HGVC." It was a ridiculous comment and I did business with a much easier company who wanted my business. It's almost as though the ROFR card is thrown in there as a negotiating tool to get a higher offer if someone doesn't know better. There's so many better offers out there than hers.

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natarajanv · Feb 19, 2016

joeyb1180 said:
I was going to make an offer on a few of Jodi's postings on her website, not her eBay listings, and she wouldn't even take my offers as she said it was "below the ROFR thresh hold of HGVC." It was a ridiculous comment and I did business with a much easier company who wanted my business. It's almost as though the ROFR card is thrown in there as a negotiating tool to get a higher offer if someone doesn't know better. There's so many better offers out there than hers.

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It would be nice if you can name the company you gave your business as, new potential buyers can use them. So far we only know about judi and seth, and would be nice to have a third one...

dsmrp · Feb 19, 2016

natarajanv said:
It would be nice if you can name the company you gave your business as, new potential buyers can use them. So far we only know about judi and seth, and would be nice to have a third one...

Samuel Rodriguez works with Seth; I bought thru him, but got an affiliate, so didn't have to go HGVC's ROFR.

MyResortsNetwork.com http://www.myresortnetwork.com
has a lot of listing by agents.

joeyb1180 · Feb 20, 2016

natarajanv said:
It would be nice if you can name the company you gave your business as, new potential buyers can use them. So far we only know about judi and seth, and would be nice to have a third one...

Jason at Discount Timeshares. TAT is not quite as fast as they originally stated and communication by there title company can be better but still a good company to deal with.

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taterhed · Feb 20, 2016

dsmrp said:
Samuel Rodriguez works with Seth; I bought thru him, but got an affiliate, so didn't have to go HGVC's ROFR.

MyResortsNetwork.com http://www.myresortnetwork.com
has a lot of listing by agents.

I bought both my Marriotts thru Samuel R @ sellingtimeshares.net (SethNoc)

Very good experience and easy to work with. I'll give you one clue though: I personally believe that many of the major brokers communicate and cooperate on the common resale properties. If you start shopping a particular purchase with multiple brokers, don't be surprised if you get feedback asking 'did you just call broker xxxx about this? He just called me...' I think it's possible to drive the price up just by stimulating demand with several brokers at once. This is only my opinion....TIFWIW

joeyb1180 · Feb 20, 2016

CTighe said:
It's what it was listed for, I didn't neg at all.

Double check to see if this is an odd or even year plan. $2300 is low. May not be annual.

CTighe · Feb 20, 2016

joeyb1180 said:
Double check to see if this is an odd or even year plan. $2300 is low. May not be annual.

It was annual, no doubt.

onenotesamba · Feb 20, 2016

natarajanv said:
It would be nice if you can name the company you gave your business as, new potential buyers can use them. So far we only know about judi and seth, and would be nice to have a third one...

I'm waiting on a ROFR with Jason from Discount Timeshares, as well. Their in-house closing company is expensive, but dealing with Jason was terrific. They have a lot of inventory, beyond what they list on eBay.

But it's not the case that "we only know about Judi and Seth." Lots of people around here have recommended Syed Sarmad at Advantage Vacation, frequently, and often in the same breath as Judi and Seth. For what it's worth, I find their website to be particularly helpful, since it lists breaks down the maintenance fees at each property (including separating out SeaWorld I and II, which is almost never clear to me).

I know there are other names that come up frequently, as well.

hurnik · Feb 21, 2016

natarajanv said:
It would be nice if you can name the company you gave your business as, new potential buyers can use them. So far we only know about judi and seth, and would be nice to have a third one...

I've used Diane Nadeau @ Timesharebrokersales.com many times and haven't had any issues.

I have had issues with some of the other brokers listed (they'll routinely advertise units that have sold months ago, or list MF that are wrong/old/outdated and off by hundreds of dollars, etc.)

--Kevin

Hgvc rofr

bevans

JSparling

TUG Review Crew

seagila

Jason245

TUG Review Crew: Expert

taterhed

elleny76

presley

TUG Review Crew: Expert

joeyb1180

CTighe

1Kflyerguy

TUG Review Crew: Veteran

taterhed

presley

TUG Review Crew: Expert

CTighe

natarajanv

CTighe

taterhed

joeyb1180

natarajanv

dsmrp

joeyb1180

taterhed

joeyb1180

CTighe

onenotesamba

hurnik