Timeline

Discussion in 'Purchasing DVC' started by JaimeA, Jul 31, 2012.

  1. zeferjen

    zeferjen Mother Knows Best

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    Adding my latest timeline to the mix:

    Offer made, counter, and agreed upon: 7/25
    Contract sent to ROFR: 7/25
    Disney waives ROFR: 8/13
    Closing documents received: 8/17
    Closing docs sent back to title company: 8/17
    Now another wait...
     
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  3. michelleiada

    michelleiada DIS Veteran

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    Wow...how did you agree upon a price and get it to ROFR on the same day? I started around the same time but still waiting. Went to ROFR on 8/7.
     
  4. DannysMom

    DannysMom DIS Veteran

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    Well I would guess that both parties (buyer & seller) had the ability to receive emailed contracts and fax them back ASAP. The broker also had to be very on the ball to get the contracts out so quick.

    Sounds like maybe your seller snail mailed the documents.
     
  5. zeferjen

    zeferjen Mother Knows Best

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    Well, our quick progress hit a bit of a snag. The cashier's check that I sent was apparently not signed by a bank officer. Luckily (?) I work for said bank, so hopefully they are going to work with the title company to get this resolved tomorrow AM. I will post back.
     
  6. cz4ever

    cz4ever Imagineer-in-training

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    Did you consider having the funds wired instead of overnight'ing a cashier's check? The costs should be similar, no? That's what I'm planning to do, assuming the title company is ok with it.
     
  7. zeferjen

    zeferjen Mother Knows Best

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    The title company was charging an extra $15 to wire the funds and my bank charges $25, even for employees. The cashiers check was free and priority mail gets the check there next business day. For others, the cost may be close enough. Of course, immediate transfer would have avoided this hassle...
     
  8. zeferjen

    zeferjen Mother Knows Best

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    The cashier's check debacle was cleared up, so my paperwork is all set. Unfortunately, the seller also had an error in their paperwork, so I am still a few days away from closing. The wait continues! We leave for California on Friday, so hopefully we come back from vacation and have everything complete. I will let you all know how Carsland is!
     
  9. TheDalys

    TheDalys Mouseketeer

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    Not quite sure why but I am still waiting for my information in the mail.. So for those waiting for the member number, you might want to call them as i did. I would still be waiting to make reservations and would most likely have not got the room I was on the waitlist for.
     
  10. GOOFY D

    GOOFY D DIS Veteran

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    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
     
  11. JaimeA

    JaimeA Mouseketeer

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    Congrats on passing !

    Sent from my iPad using DISBoards
     
  12. belias21

    belias21 DIS Dad's Club Member #717

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    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
     
  13. DannysMom

    DannysMom DIS Veteran

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    It took 10 days for me to get the closing docs emailed from the day we passed ROFR.

    Sent from my iPhone using DISBoards App please excuse any typos.
     
  14. belias21

    belias21 DIS Dad's Club Member #717

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    Literally 30 seconds after I posted this, I got my email from TTS. :yay: They must have been watching... ;)

    Looks like the ball is in my court now.
     
  15. GOOFY D

    GOOFY D DIS Veteran

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    No, nothing yet.
     
  16. zeferjen

    zeferjen Mother Knows Best

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    I received notification that we closed on 8/30, but still do not see my points when I log onto the website. I may call tomorrow to make sure that there are no issues with putting the points under the same login.
     
  17. GOOFY D

    GOOFY D DIS Veteran

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    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?
     
  18. nala1128

    nala1128 Huge Disney Fan!

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    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???
     
  19. DannysMom

    DannysMom DIS Veteran

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    Once all the paperwork is in the title co can close immediately. The next business day they submit all the paperwork to the OC Comptroller for recording & notify Disney of the change in ownership. The sellers closing documents are a little bit more complicated as they need to get it notarized.

    It takes about a week for member administration to process the change and get your membership number. As long as your sellers are indeed on the ball, I think it looks good to close and get your accounts set up before months end. :)

    Sent from my iPad using DISBoards App, please excuse any typos.
     
  20. zeferjen

    zeferjen Mother Knows Best

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    Here is my final timeline:
    Offer made, counter, and agreed upon: 7/25
    Contract sent to ROFR: 7/25
    Disney waives ROFR: 8/13
    Closing documents received: 8/17
    Closing docs sent back to title company: 8/17
    Fixed my snafu with the certified check: 8/21
    Sellers fixed their issue with notary: 8/24
    Notification of closing: 8/30
    Sale appears on Orange County site: 8/30
    Contact appears on DVCmember but no points: 9/8
    All points available on DVCmember: 9/10

    Note that this was an add-on and my resale company worked very hard to expedite where they could, due to points that are expiring on 11/30. Overall, it was a great experience and I am so happy to now own 300 points so we can take family with us on our Disney trips.
     
  21. nala1128

    nala1128 Huge Disney Fan!

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    Thanks so much for the answer!!! Fingers crossed that the waiting is almost over!!!
     

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