After we close, how much longer do I have to wait to book a ressie?

Discussion in 'Purchasing DVC' started by robinbutterfly, Mar 28, 2012.

  1. robinbutterfly

    robinbutterfly DIS Veteran

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    This is the part I am confused about. I know closing takes 6 to 7 weeks. Then what happens after that?
    Can I book a ressie the day we close?
    How long do I have to wait?
    I appreciate the help!
    Thanks!
     
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  3. CKCruising

    CKCruising Mouseketeer

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    It depends on what you consider closing. Here are the steps:

    - Agree on offer
    - Send deposit, signed contracts (might take 1-2 weeks depending on seller)
    - Disney ROFR (4 weeks)
    - File transfered from Resale Company to Title Company (might take 1 week)
    - Sign final contracts, send full amount (might take 1-3 weeks depending on seller)
    - Final documents sent to Disney. Disney enters them in the system (2 weeks).

    Once both account information and points are entered (usually 1 day after the other), you can make a reservation (Once you get your membership Number).
     
  4. robinbutterfly

    robinbutterfly DIS Veteran

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    So I don't have to have the paperwork to make my reservation? So I am looking at basically 3 months?
     
  5. disneynutz

    disneynutz DIS Veteran DIS Lifetime Sponsor

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  6. DenLo

    DenLo DIS Veteran

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    Our last add-on purchase in December took 54 days from start to finish. I think it would have been shorter but it got lost at the DVC for 2 weeks during the holidays.

    Here's the timeline starting with closing:


    December 13, 2011

    Escrow closed on deed
    Awaiting posting of new points to existing DVC account.

    December 14, 2011

    Deed on file at Orange County Comptroller

    December 27, 2011

    New deed appears in Master Account, but no points

    December 28, 2011

    New points are in Master Account and available for booking
     
  7. A and J's Mom

    A and J's Mom Earning My Ears

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    We closed on the 16th, but our broker didn't submit the paperwork to DVC until the 19th. We started calling MA on the 23rd to check on progress and get the online account set up. We had access to make a reservation on the 27th. I thought the timeline seemed pretty reasonable.

    Good Luck!
     
  8. Missyrose

    Missyrose DIS Veteran

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    Here's my timeline:

    1/9 -- Agree on a deal
    1/10 -- Receive contract, sign and faxed back
    1/13 -- Seller's contract received, contract is sent to ROFR
    2/8 -- Notified we passed ROFR
    2/22 -- Received closing docs
    2/23 -- Sent closing docs back
    2/29 -- Closing company received seller's closing docs
    3/6 -- New membership sent to Disney
    3/20 -- Membership is in Disney system, along with points, made first reservation

    So all in all, my purchase took about 70 days start to finish and about nine weeks once we were sent for ROFR.
     
  9. robinbutterfly

    robinbutterfly DIS Veteran

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    How did you know that the membership was in Disney's system? Did you call or did they call you?
     
  10. Missyrose

    Missyrose DIS Veteran

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    I called Member Administration. If you don't call, you'll get a letter in the mail notifying you of your new membership number, but that could take several weeks.
     
  11. crisi

    crisi DIS Veteran

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    After your close date, the paperwork goes to Disney - it will take probably about a week to get in - longer if they have a lot coming through or are short staffed, less if there aren't a lot of resales happening. You cannot make a reservation until you are in Disney's system...and they don't seem to really rush processing those resales through - their priority is in house contracts.
     

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