Closing Time! 2021 and 2022 Edition

Amyeliza

Mouseketeer
Joined
Mar 10, 2021
I'm hoping that venting will help move my properties along. I notarized and wire transferred my funds for both the property I was selling and buying within 2 days. It's been well over a week (close to 2) and I'm waiting for the buyer and seller of the properties I'm buying/selling to return their items. Knowing that I have a 4 to 5 week wait to go with Disney to complete their end, I'm anxious for the next wait.

Anyone else waiting with me? Thanks for letting me vent.
 

Adg0428

Mouseketeer
Joined
Aug 23, 2021
I'm hoping that venting will help move my properties along. I notarized and wire transferred my funds for both the property I was selling and buying within 2 days. It's been well over a week (close to 2) and I'm waiting for the buyer and seller of the properties I'm buying/selling to return their items. Knowing that I have a 4 to 5 week wait to go with Disney to complete their end, I'm anxious for the next wait.

Anyone else waiting with me? Thanks for letting me vent.
I’m sorry you’re still waiting. I’m in ROFR still. Am I wrong for thinking that we are supposed to wait to wire funds until sellers send closing docs? Or is that not the case?
 
  • Tiberella626

    Mouseketeer
    Joined
    Jan 4, 2020
    I'm hoping that venting will help move my properties along. I notarized and wire transferred my funds for both the property I was selling and buying within 2 days. It's been well over a week (close to 2) and I'm waiting for the buyer and seller of the properties I'm buying/selling to return their items. Knowing that I have a 4 to 5 week wait to go with Disney to complete their end, I'm anxious for the next wait.

    Anyone else waiting with me? Thanks for letting me vent.
    We waited a little over 3 weeks for sellers docs and they forgot to notarize so we waited another 3 weeks. We received paperwork on July 6 and ours was received on July 8th with our check. Final documents were received on 8/16. It took Disney about a month to load the contract too. I totally understand your frustration.
     

    Tiberella626

    Mouseketeer
    Joined
    Jan 4, 2020
    I’m sorry you’re still waiting. I’m in ROFR still. Am I wrong for thinking that we are supposed to wait to wire funds until sellers send closing docs? Or is that not the case?
    I sent our cashiers check in with our documents. It is a little bit of a chance because if the seller or the buy back out you have to get the money back from the closers escrow, that can take a little bit. I knew that we wanted the ALK we got so I was not going anywhere so in the interest of expediting things I just sent it all together.
     

    pianomanzano

    Mouseketeer
    Joined
    Aug 9, 2021
    I'm hoping that venting will help move my properties along. I notarized and wire transferred my funds for both the property I was selling and buying within 2 days. It's been well over a week (close to 2) and I'm waiting for the buyer and seller of the properties I'm buying/selling to return their items. Knowing that I have a 4 to 5 week wait to go with Disney to complete their end, I'm anxious for the next wait.

    Anyone else waiting with me? Thanks for letting me vent.
    I can commiserate with you, returned docs 2 days after ROFR waived and title company sent them out, been waiting 2 weeks for seller to return theirs :( There's 100+ points banked from 2019 into 2020 that's expiring end of Nov (luckily they banked the 2020 points into 2021) that we were hoping to use, but it's getting less and less likely now. Broker says the seller sent them in on Friday, so keeping fingers crossed!
     

    Wocka704

    Earning My Ears
    Joined
    Jul 9, 2021
    Home: BLT
    Broker: www.********.com
    Title Company: Mason
    Offer made: 7/7/21
    Offer accepted: 7/8/21
    Sent to ROFR: 7/9/21
    Passed ROFR: 8/12/21
    Estoppel Received: 8/12/21
    Closing docs received: 8/12/21
    Closing docs returned: 8/12/21
    Sellers closing docs returned: 8/17/21
    Funds Wired: 8/16/21
    Closing: 8/23/21
    Deed recorded: 8/24/21
    Contract Showing on Membership (New): 9/22/21
    Points in account: 9/23/21

    End-to-End we were 78 days. We decided to call MS to get points loaded once we learned about some left over points we didn't know about and figured we could do an extra trip in this use-year. Big thanks to Lori/Mark at DVCSales and Cammy at Mason for moving our first resale along so smoothly!
     

    jbreen2010

    Mouseketeer
    Joined
    May 19, 2020
    Joining the closing thread as we just closed!

    Home: VGF
    Broker: www.dvcresalemarket.com
    Title Company: Magic Vacation Title
    Offer made: 8/19/21
    Offer accepted: 8/19/21
    Sent to ROFR: 8/20/21
    Passed ROFR: 9/20/21
    Estoppel Received: 9/20/21
    Closing docs received: 9/20/21
    Closing docs returned: 9/23/21
    Sellers closing docs returned: 9/23/21
    Closing: 9/27/21
    Deed recorded: 9/28/21
    Contract Showing on Membership: TBD
    Points in account: TBD

    Only 39 days so far as of closing, so i'm pretty happy thus far.
    Let's hope it doesn't sit with Member administration to take another 39 days to add contract/points.
     
    Last edited:

    DisneyMusicMan

    Mouseketeer
    Joined
    Mar 17, 2016
    I’m sorry you’re still waiting. I’m in ROFR still. Am I wrong for thinking that we are supposed to wait to wire funds until sellers send closing docs? Or is that not the case?
    I asked our title company about this. They suggested I wait until they received the sellers docs before I wired the money in. So, I’m waiting. Got my closing docs fedex’ed in last week.
     

    Amyeliza

    Mouseketeer
    Joined
    Mar 10, 2021
    How often is too often to check in with the title company once you've passed ROFR? Once a week? This will be my last experience with buying/selling resale.
     

    Domique

    Earning My Ears
    Joined
    Sep 30, 2009
    Home Resort: VGF
    Broker: www.fidelityresales.com
    Title Company: Mason Title
    Offer made: 7/9/21
    Offer accepted: 7/9/21
    Sent to ROFR: 7/13/21
    Passed ROFR: 8/16/2021
    Closing docs received: 8/16/2021
    Closing docs returned buyer: 8/20/2021
    Closing docs returned seller: 8/30/21
    Closing: 8/31/2021
    Deed recorded: 9/1/2021
    Contract Showing on: 9/27/2021 Membership (existing member)
    Points in account: 9/27/2021 (after calling MS)

    Days Total: 79
     
    Last edited:

    andyc83

    Disney Enthusiast
    Joined
    Jun 29, 2020
    Home Resort: AKV
    Broker: www.dvcresalemarket.com
    Title Company: Magic Vacation Title
    Offer made: 7/29/2021
    Offer accepted: 7/29/2021
    Sent to ROFR: 7/30/2021
    Passed ROFR: 8/27/2021
    Estoppel Received:8/27/2021
    Closing docs received:8/27/2021
    Closing docs returned: 8/30/2021
    Sellers closing docs returned: 8/31/2021
    Funds wired: 8/30/21
    Closing: 9/1/21
    Deed recorded: 9/3/21
    Contract Showing on Membership: 9/28/21 (existing member)
    Points in account:
     
    Last edited:

    kandlsutton

    Mouseketeer
    Joined
    May 22, 2019
    Home Resort: AKV
    Broker: www.dvcresalemarket.com
    Title Company: Magic Vacation Title
    Offer made: 7/29/2021
    Offer accepted: 7/29/2021
    Sent to ROFR: 7/30/2021
    Passed ROFR: 8/27/2021
    Estoppel Received:8/27/2021
    Closing docs received:8/27/2021
    Closing docs returned: 8/30/2021
    Sellers closing docs returned: 8/31/2021
    Funds wired: 8/30/21
    Closing: 9/1/21
    Deed recorded: 9/3/21
    Contract Showing on Membership: 9/28/21
    Points in account:
    Same recorded dates, still waiting on my contract to show up (existing member). Getting closer….
     

    Marleosif

    Earning My Ears
    Joined
    Jul 30, 2021
    I am trying to post my information in the format on the first page of this board and I keep getting told that my post cannot be posted?
     

    Jimmy Geppetto

    Mouseketeer
    Joined
    Sep 4, 2021
    We were told our sellers banked the points from December 2020 when we bought our contract. Guess what - they didn't! And our closing took place after the August banking date. Luckily MS made an exception because the contract was with them by the 8/1 deadline and banked for us, which was a relief as we bought that contract with the intention of going twice in 2022!
    Who was the Broker?
     

    kandlsutton

    Mouseketeer
    Joined
    May 22, 2019
    Update, almost there…

    Home: CCV
    Broker: www.dvcresalemarket.com
    Title Company: Mason Title
    Offer made: 7/26/21
    Offer accepted: 7/26/21
    Sent to ROFR: 7/29/21
    Passed ROFR: 8/26/21
    Estoppel Received: 8/26/21
    Closing docs received: 8/27/21
    Closing docs returned: 8/28/21
    Sellers closing docs returned: 8/30/21
    Funds wired/received: 8/31/21
    Closing: 9/02/21
    Deed recorded: 9/03/21
    Contract Showing on Membership: 9/28/21
    Points in account:
     

    Mai Ku Tiki

    DIS Veteran
    Joined
    Aug 27, 1999
    I have a concern about this. Is there a way to confirm supposedly 'banked pts' this before getting too far into $$$ part of purchase? Seems more than just seller's word on this repeated in the broker's listing is warranted.
    Do brokers verify anything prior to listing?
     

    Sandisw

    DVC Forums
    Moderator
    Joined
    Nov 15, 2008
    I have a concern about this. Is there a way to confirm supposedly 'banked pts' this before getting too far into $$$ part of purchase? Seems more than just seller's word on this repeated in the broker's listing is warranted.
    Do brokers verify anything prior to listing?
    As a seller, they ask that you send them a points activity statement which details out the status of points before they will list.
     

    Amyeliza

    Mouseketeer
    Joined
    Mar 10, 2021
    Thank you but someone posted above they were told pts were banked but they weren't.
    Hmmmm, when I sold recently, I had to send my points activity statement PRIOR to listing and then with my notarized closing documents. There was a two point check with Disney Resale Market and Magic Vacation Title. Each broker and title company likely have different policies.
     

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