Timeline

[twoj]

Here is our timeline so far for our first DVC purchase:

7/25 made offer
7/26 seller countered and we negotiated a bit and agreed
7/28 received contract, signed and returned with deposit check
7/30 sellers contract and ours received, sent to Disney for ROFR
8/28 received notice that we passed ROFR
9/5 received closing docs
9/10 mailed all docs and payment out to Title company

It seems that the seller is pretty on the ball, and we would have mailed our closing docs, etc back earlier but back to school week was so crazy!!!

Once the title company receives our package and sellers, how long does it take from there? We are close to our 11 month booking and keeping fingers crossed that b tefore the end of Sept., we will be able to book... What do you experienced folks think my chances are???

Our contract closed 8/31 and was posted to the county website the same day. I called member administration today and still not set up... I guess they have been having some computer problems... They told me to try back on Monday... So it will take mine over the 10-14 days to be set up

 

[moobar25]

My timeline

Found listing & made offer & accepted 7/26
Signed contract by both (S&B) 7/30
Submitted to Disney for ROFR 7/31
ROFR waived 8/28
Closing documents received & sent back overnight 9/6
My documents received by title company (still waiting on seller) 9/7
Name showed up on OCC website 9/11
Almost there!

Curious if you've received your closing docs yet? I have a similar timeline and the same passing date and haven't seen anything yet.

July 27- Offer presented (100 pts @ OKW42)
July 27- Offer accepted
July 27- Contracts signed
July 30- Sent to ROFR
August 28- Passed ROFR

I would call the resale office to check on things.

Noticed many getting their closing documents back within days. I got notice of ROFR on 8/28, so it has been 10 days now and nothing. Was told to check back next week. Which company were you with?

I used Fidelity and worked with Sharon & Evy (when Sharon was on vacation). This is what I did - maybe it helped expedite things:

8/28 ROFR waiver
8/31 email Sharon and ask if there is any way to expedite things because I was going on a trip to WDW at end of September.
9/6 received an email with closing docs from title company
9/6 sent an email to title company requesting confirmation when docs received & politely asked if there is any way to expedite the process (due to the upcoming trip)
9/7 confirmation from title company that docs were received and waiting for seller's docs, also stating they will request an expedited process from Disney as soon as we close.

Thanks to the posts here I learned a lot on how to push things along without being pushy - or at least very polite pushy I know if I pester any of the parties involved they may get annoyed and take twice as long to finish the process.

Good luck to both of you on the closing and becoming members. We're almost there
Lots of to everyone!

 

[ercrbc]

Our contract closed 8/31 and was posted to the county website the same day. I called member administration today and still not set up... I guess they have been having some computer problems... They told me to try back on Monday... So it will take mine over the 10-14 days to be set up

I feel much better seeing I'm not the only one! We closed on 8/27 and no points and no record of the contract either. I called Monday and was told they load new points on Tuesdays, but yesterday came and went and I still have no new points in my account

 

[belias21]

My timeline

My documents received by title company (still waiting on seller) 9/7
Name showed up on OCC website 9/11
Almost there!

I'm actually right between these two steps at the moment. My docs were received back on 9/11 and was told I'm just waiting on the seller.

So you didn't get notice that you had actually closed - you just showed up on the OCC site? Or did you just not list that step?

I'm eager to be done with this process.......

 

[moobar25]

I'm actually right between these two steps at the moment. My docs were received back on 9/11 and was told I'm just waiting on the seller.

So you didn't get notice that you had actually closed - you just showed up on the OCC site? Or did you just not list that step?

I'm eager to be done with this process.......

As of right now I didn't get a notice of closing. I'm so impatient that I keep checking the OCC website and happened to find it in there. Yesterday my DH's name showed up and today my name is there too. But it still says "info is being processed" so maybe at end of day it will be complete and then get the notice. If I don't hear anything by Monday then I'll call.
Look on the site and search for your sellers name - in a few days you should see your name pop up.

 

[belias21]

As of right now I didn't get a notice of closing. I'm so impatient that I keep checking the OCC website and happened to find it in there. Yesterday my DH's name showed up and today my name is there too. But it still says "info is being processed" so maybe at end of day it will be complete and then get the notice. If I don't hear anything by Monday then I'll call.
Look on the site and search for your sellers name - in a few days you should see your name pop up.

Nothing there yet, but apparently the same seller just closed on another deal a few days ago. At least I know they're responsive by looking at the dates on that deed.

Like you, I'm sure I'll be checking frequently now...

 

[michelleiada]

Our BCV contract passed ROFR 9 days ago and still no closing documents. I'm getting antsy waiting. I thought I would have had them by now...such a long process.

 

[moobar25]

Nothing there yet, but apparently the same seller just closed on another deal a few days ago. At least I know they're responsive by looking at the dates on that deed.

Like you, I'm sure I'll be checking frequently now...

I received an email from both Fidelity and the title company this afternoon - telling me we closed. So I guess once you're on the site it means closing. I was told by both that it will take 5 to 7 business days for me to be in the DVC system. Yay!

 

[moobar25]

Our BCV contract passed ROFR 9 days ago and still no closing documents. I'm getting antsy waiting. I thought I would have had them by now...such a long process.

I would call the broker and inquire about it. They should be able to contact the title company and find out what is going on for you.
Sending

 

[michelleiada]

I would call the broker and inquire about it. They should be able to contact the title company and find out what is going on for you.
Sending

Got an e mail today that my closing docs have been approved and I should receive them within the next few days. I am so anxious to make my first reservation!

 

[twoj]

HI All, I have found that seeing people's timelines was very helpful in the resale process... so just wanted to post mine

7/11 - Offer placed on Contract #1 and accepted
(300pts, Mar UY, @$67pp 50/50 maint fees and buyer pay closing)(asking: $69pp)
7/18 - Deal fell through due to points not as stated
7/19 - Offer placed on new Contract #2, seller contered, we stoped negotiating (350pts, Dec UY, @$66pp 50/50 maint fees and buyer pay closing)(asking: $73pp)
7/19 - Offer placed on contract #3, seller accepted but we cancelled due to UY (same offer as contract #1 but with an April UY)
7/19 - Contract #4 offer placed, seller accepted offer
(400pts, Mar UY, @$66pp seller pays maint fees and buyer pay closing)(asking: $69pp)
7/20 - Contract received from broker
7/20 - Sent signed contract to broker and title co.
8/13 - Passed ROFR
8/21 - Received closing documents
8/30 - Purchase closed
8/31 - showed up on conty website
9/12 - Received first e-mail from Disney but not in their system with points
9/15 - Received letter from DVC with membership number. Called member services and was set up online using my disneyworld.com login
9/16 - Booked first DVC trip - Yea!

 

[belias21]

HI All, I have found that seeing people's timelines was very helpful in the resale process... so just wanted to post mine

Thanks for posting. This is definitely helpful for those of us in the final stages (I'm currently waiting on closing - title company has all paperwork).

I don't think your post says anywhere... what resort did you buy? Based on the pricing, I'm thinking BWV, MCV, or AKV.

 

[michelleiada]

I am one step closer. Received my closing documents yesterday morning via email. Signed them and returned with a certified bank check, via overnight US Priority Mail. Getting so close. Now I can only hope that the sellers act promptly and return their part. Few more weeks and it will be official....YIPEEE!

 

[twoj]

Thanks for posting. This is definitely helpful for those of us in the final stages (I'm currently waiting on closing - title company has all paperwork).

I don't think your post says anywhere... what resort did you buy? Based on the pricing, I'm thinking BWV, MCV, or AKV.

We bought at BCV... The more I have read these boards I was having some buyers remorse but after being on the site this weekend, I am very glad we bought at our favorite. BCV was the only resort over spring break where I couldn't book my stay... Glad to know I have a booking advantage in future years.

 

[PhillyCPA]

Going to post my timeline for reference and so I can continue to keep track...

8/9 - Sent offer to TSS
8/10 - Offer accepted by buyer and we received the contract
8/13 - Mailed contract along with deposit
8/14 - Contract sent to Disney for ROFR
9/12 - Received waiver of ROFR
9/13 - Received closing documents
9/17 - Closing documents and final payment sent off

Now we're in the waiting game to hear that we closed and to get entered into the system. Hoping we can be in the system by 10/8 so we can use our 7 month window for an upcoming trip

 

[nala1128]

HI All, I have found that seeing people's timelines was very helpful in the resale process... so just wanted to post mine

7/11 - Offer placed on Contract #1 and accepted
(300pts, Mar UY, @$67pp 50/50 maint fees and buyer pay closing)(asking: $69pp)
7/18 - Deal fell through due to points not as stated
7/19 - Offer placed on new Contract #2, seller contered, we stoped negotiating (350pts, Dec UY, @$66pp 50/50 maint fees and buyer pay closing)(asking: $73pp)
7/19 - Offer placed on contract #3, seller accepted but we cancelled due to UY (same offer as contract #1 but with an April UY)
7/19 - Contract #4 offer placed, seller accepted offer
(400pts, Mar UY, @$66pp seller pays maint fees and buyer pay closing)(asking: $69pp)
7/20 - Contract received from broker
7/20 - Sent signed contract to broker and title co.
8/13 - Passed ROFR
8/21 - Received closing documents
8/30 - Purchase closed
8/31 - showed up on conty website
9/12 - Received first e-mail from Disney but not in their system with points
9/15 - Received letter from DVC with membership number. Called member services and was set up online using my disneyworld.com login
9/16 - Booked first DVC trip - Yea!

CONGRATS to you Thanks for posting this, It gives a good idea of what to expect at the end of the process

The Title company received our closing docs and payment on 9/12. As of yesterday, they were still waiting for the seller to get their closing docs back. Looks like I have a few more weeks before I will be set up an able to book. Resale is a long process, but I am glad that we are almost at the end of it too!!

 

[belias21]

Now that we're on the victory lap, here's our timeline.

7/27 - Offer presented (100 OKW)
7/27 - Offer accepted and all paperwork signed and returned
7/30 - Sent to Disney for ROFR
8/28 - Disney waives ROFR
9/6 - I receive closing docs
9/7 - Signed and returned with payment
9/17 - Seller's documents received at title company
9/18 - Closed!!
9/18 - Already listed on the OCC website

Looks like we have another week or two until I can call MS, right?

 

[GOOFY D]

Mine thus far-

July 23-made offer on a loaded 170 point BLT contract
July 23- seller accepted
July 24- I send signed contracts back
July 31- Seller returns contract
July 31-Sent to ROFR
August 28-Passed ROFR
September 6 - Received closing documents
September 7 - FEDEXED signed documents and payment to title company

Still waiting on seller to return information to title company.

 

[DannysMom]

Looks like we have another week or two until I can call MS, right?

Give it a week and then call. Mine took a week from closing. There have been recent reports of it taking longer, in the 10-14 day range.

Sent from my iPhone using DISBoards App please excuse any typos.

 

[michelleiada]

Im almost there...BCV 250 points, March UY. Ok so here is my official timeline thus far:

July 26 - offer made and accepted.
August 1 - received contract
August 3 - contract returned with deposit
August 7 - went to Disney for ROFR
September 4 - informed of ROFR waiver
September 16 - received closing documents
September 17 - closing docs and certified check overnighted to closing company

WAITING......I have no idea what to expect now...I've e mailed the closing company and never got an answer. Can anyone enlighten me?