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Buying process

Discussion in 'Purchasing DVC' started by amytheobald, Dec 3, 2013.

  1. wildforgoofy

    wildforgoofy Mouseketeer

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    Ok I see now. You've already closed but you're still waiting for Disney to remove it from your account and add it to the new member. I've just started the wait for my member number, so I've still got 2 weeks to go. Plus I'm new to DVC so it'll take even longer, maybe your buyers are new too and that's what's taking the extra time. It's interesting to hear the timeline from the sellers end.
     
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  3. chitwndan

    chitwndan Mouseketeer

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    Does anyone know if the 30 day ROFR is a deadline that Disney "must" meet or the ROFR is waived, or is it just a turn around time goal or standard they try to meet?
     
  4. Minniesgal

    Minniesgal DIS Veteran

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    It is just a standard that they try to meet and do meet in most cases. I have heard of it taking longer In rare circumstances. I think he wording is they must be given a minimum of 30 days
     
  5. chitwndan

    chitwndan Mouseketeer

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    Not what I wanted to hear :), but thank you for the info.
     
  6. Minniesgal

    Minniesgal DIS Veteran

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    It is unlikely to take more than 30 days
     
  7. judydvc

    judydvc DVC veteran

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    I guess there's no reason to be impatient. After all, I'm not waiting to use points. But it seems like Disney is really slow with processing resales. I bought all my contracts directly from Disney and it was very fast so I can see the difference.
     
  8. wildforgoofy

    wildforgoofy Mouseketeer

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    My SIL bought in direct at VGF while I chose the resale side. Needless to say she's already got her vacation scheduled and has added on to it while here I sit waiting. Lol! I feel like Veruca Salt from Willy Wonka looking at my husband and yelling, "But I want it NOW!" He just laughs at me.
     
  9. disneynutz

    disneynutz DIS Veteran DIS Lifetime Sponsor

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    And people will buy direct and pay more because they are impatient so Disney's plan is working!

    :earsboy: Bill
     
  10. judydvc

    judydvc DVC veteran

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    I bought my first 2 contracts a while ago when resales weren't as common. And my 3rd DVC resort is VGC which I bought when it first opened. But if I ever decide to buy again it will be a resale.
     
  11. KAT4DISNEY

    KAT4DISNEY Glad to be a test subject

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    Just laughall the way to the bank! That makes you feel prett good!
     
  12. Millionaire2K

    Millionaire2K Mouseketeer

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    Offer made & accepted: 4/8
    Disney notified, ROFR process begins: 4/8
    Passed ROFR: 5/9
    Closing docs: 5/22
    Closed: 5/28
    Orange County Comptroller recorded: 6/3
    Points loaded into my account: 6/9

    63 days from offer to points being loaded.
     
  13. wildforgoofy

    wildforgoofy Mouseketeer

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    Pretty good indeed! :) So good I think I'll use my maniacal laugh.... MawAhahahaha!!!!
     
  14. vek239

    vek239 Mouseketeer

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    How long is too long? Our closing date came and went and when I contacted broker and title company was told they're still waiting on something from the seller. We've purchased resales before with no problem...but this one has been low on communication (except when they need our money). I've had it.
     
  15. wildforgoofy

    wildforgoofy Mouseketeer

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    It took han22735 a long time to close because of the sellers. Maybe Han can provide you with some information that'll help you.
    Here's the timeline that was posted by Han22735

    Offer made & accepted: 3/24
    Disney notified, ROFR process begins: 4/1
    Passed ROFR: 4/30
    Closing docs: 5/21
    Closed: 6/9
    Orange County Comptroller recorded: 6/10
    Membership transfer from Disney: ??

    I had really slow sellers that also didn't read the closing instructions so docs had to go back and forth. I'll start calling DVC in a few days.
     
  16. han22735

    han22735 Mouseketeer

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    First week delay was "sellers didn't know they had an accepted offer" it took 3 weeks to get the estopple and then the sellers missed a witness signature. I'm guessing my process was delayed about 3 weeks due to sellers.

    The time this took was very long even after passing rofr but starting over was never a thought I had. Plus lately I haven't seen many listings with full 2013 points. I finally got my member number today after calling every day for the last week. But of course my points aren't loaded yet so I'm still waiting. I really think if you have motivated sellers the process can go a lot smoother.

    Scott
     
  17. vek239

    vek239 Mouseketeer

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    Finally closed today! We sent check and closing docs back on 6/4. Frustrating that this segment of the process took much longer than previous transactions but at least it's finally done.
     
  18. wildforgoofy

    wildforgoofy Mouseketeer

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    What a relief! Good to hear!
     

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