I have only used Fidelity. We had some problems on the 1st contract we tried to buy but it was with the sellers. It wasn't Fidelity's fault.
I know they are very busy and had a key agent leave recently. They are not open on weekends and that seems to lead to delays, especially for people who are used to instant gratification (and most of us are these days ). I think they are seriously understaffed for the amount of business they seem to do.
They are dealing with people who are trying to spend very large sums of $ and feel that they need answers NOW.
I know it looks like I'm making excuses but I did have a very successful sale go through eventually with them eventually. There have been problems with all the other agencies too.
I don't consider instant gratification to be days without a response. I had a contract where Disney exercised ROFR on 4/15 and I am still waiting on my deposit to be refunded. I had put it on a CC so it should be a couple days max to do a chargeback. I was told it could take 2 weeks!
On another contract that is currently undergoing the ROFR process, it took 4 days from the time the last signature was obtained until Fidelity sent it to Disney. That's too long.
I don't consider instant gratification to be days without a response. I had a contract where Disney exercised ROFR on 4/15 and I am still waiting on my deposit to be refunded. I had put it on a CC so it should be a couple days max to do a chargeback. I was told it could take 2 weeks!
On another contract that is currently undergoing the ROFR process, it took 4 days from the time the last signature was obtained until Fidelity sent it to Disney. That's too long.
I am in the process of purchasing a contract through Fidelity now. I've also purchased through TSS. I am finding Fidelity to be incredibly slow and at times non-responsive. My understanding is that Fidelity has a direct line from Disney so they end up with contracts that are in arrears or bankruptcy. That might be why they have so many more listings.
It doesn't explain their slow responses.
I have only used Fidelity. We had some problems on the 1st contract we tried to buy but it was with the sellers. It wasn't Fidelity's fault.
I know they are very busy and had a key agent leave recently. They are not open on weekends and that seems to lead to delays, especially for people who are used to instant gratification (and most of us are these days ). I think they are seriously understaffed for the amount of business they seem to do.
They are dealing with people who are trying to spend very large sums of $ and feel that they need answers NOW.
I know it looks like I'm making excuses but I did have a very successful sale go through eventually with them eventually. There have been problems with all the other agencies too.
I'm using Fidelity for my resale purchase. Just to give you an idea, here's my timeline so far:
Offer accepted 2/18
Contracts received 2/25
Sent to ROFR 2/27
Passed ROFR 3/19
Closing Documents received 4/19
As you can see, this is a lengthy process and even more so when using Fidelity lol
If you choose to use them, you will get a good deal but you must have incredible patience.
Here is a point that none of you are taking into account when bashing, this is a completely different time for DVC resales. I agree they could use some help but no one foresaw this rush to contracts coming.
I bouh 2 from Rachel at Fidelty. Went vey well
Hey Mike, for the record I certainly was not bashing. I'm sorry if anyone thought I was.
Heck, I thought there would be flames for offering excuses.