Closing Time!

[lkpat1983]

FINAL UPDATE:

Home Resort: PVB
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 4/13/22
Offer accepted: 4/13/22
Sent to ROFR: 4/14/22
Passed ROFR: 5/19/22
Estoppel Issued: 5/19/22
Closing docs received: 6/8/22
Buyer Closing docs returned: 6/13/22
Seller Closing docs returned: 6/13/22
Closing: 6/17/22
Deed recorded: 6/20/22
Contract Showing on Membership: 7/6/22
Points in account: 7/7/22 (added via call to member services)

Days Total: 85

 

[DonMacGregor]

Home Resort: BRV
Broker: www.dvcsales.com
Title Company: Mason Title (Cammy Smith)
Offer made: 5/29
Offer accepted: 5/30
Sent to ROFR: 5/30
Passed ROFR: 6/27 (29 days)
Closing docs received (buyer): 6/28
Closing docs returned (buyer): 6/29 (1 day)
Closing docs returned (seller): 6/29 (1 day)
Closing:
Deed recorded:
Contract Showing on Membership (existing member):
Points in account:

Days Total: 38

Home Resort: BRV
Broker: www.dvcsales.com
Title Company: Mason Title (Cammy Smith)
Offer made: 5/29
Offer accepted: 5/30
Sent to ROFR: 5/30
Passed ROFR: 6/27 (29 days)
Closing docs received (buyer): 6/28
Closing docs returned (buyer): 6/29 (1 day)
Closing docs returned (seller): 6/29 (1 day)
Closing: 7/7
Deed recorded: 7/7
Contract Showing on Membership (existing member):
Points in account:

Days Total: 40

 

[hglenn]

Home Resort: BRV
Broker: www.dvcsales.com
Title Company: Mason Title (Cammy Smith)
Offer made: 5/29
Offer accepted: 5/30
Sent to ROFR: 5/30
Passed ROFR: 6/27 (29 days)
Closing docs received (buyer): 6/29
Closing docs returned (buyer): 6/29 (0 days)
Closing docs returned (seller): 7/5 (7 days, including holiday)
Closing: 7/7
Deed recorded: 7/7
Contract Showing on Membership (existing member):
Points in account:

Days Total: 40

this might be the quickest one I've seen yet!

 

[DonMacGregor]

this might be the quickest one I've seen yet!

Nah, there have been some shockingly fast ones in the past, but in the current environment, I am pretty happy with the timeline. It did help that the seller had the closing docs signed and notarized in a day.

 

[LadybugsMum]

I'm the seller and Disney has taken both of my SSR contracts. I'm putting this here for me and others to track this process. I was told that Disney will send me the closing docs ~7 days before the closing date in the contract which is 8/15.


Home Resort: SSR #1
Broker: www.*******.com
Title Company: Disney
Offer made: 6/5
Offer accepted: 6/5
Sent to ROFR: 6/6
Taken in ROFR: 7/6 (30 days)
Closing docs received (seller):
Closing docs returned (seller):
Closing: 8/15 (scheduled per contract)
Deed recorded:
Contract Removed from Membership:
Funds disbursed:

Days Total:

Home Resort: SSR #2
Broker: www.*******.com
Title Company: Disney
Offer made: 6/5
Offer accepted: 6/5
Sent to ROFR: 6/6
Taken in ROFR: 7/6 (30 days)
Closing docs received (seller):
Closing docs returned (seller):
Closing: 8/15 (scheduled per contract)
Deed recorded:
Contract Removed from Membership:
Funds disbursed:

Days Total:

 

[TerrorPigeon]

Home Resort: SSR
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 6/8/22
Offer accepted: 6/8/22
Sent to ROFR: 6/9/22
Passed ROFR: 7/7/22
Estoppel received: 7/7/22
Closing docs received:
Closing docs returned buyer:
Closing docs returned seller:
Closing:
Deed recorded:
Contract Showing on Membership (existing member):
Points in account:

Total Days: 29 so far

 

[GVLSoccerGuy]

this might be the quickest one I've seen yet!

https://www.disboards.com/threads/closing-time-2021-and-2022-edition.3836891/post-64115868

I couldn't believe how fast mine went. Motivated seller who accepted my offer with an hour and had closing docs notarized and in the mail same day. Just awaiting the account setup at this point

 

[varyth]

Home Resort: VGF
Broker: https://www.dvcresalemarket.com/
Title Company: Magic Vacation Title
Offer made: 5/9/2022
Offer accepted: 5/9/2022
Sent to ROFR: 5/10/2022
Passed ROFR: 5/28/2022
Closing docs received: 6/20/2022
Closing docs returned: 6/20/2022 (buyer)
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

Days Total:

UPDATE #1:

Home Resort: VGF
Broker: https://www.dvcresalemarket.com/
Title Company: Magic Vacation Title
Offer made: 5/9/2022
Offer accepted: 5/9/2022
Sent to ROFR: 5/10/2022
Passed ROFR: 5/28/2022
Closing docs received: 6/20/2022
Closing docs returned: 6/20/2022 (buyer)
Closing docs returned: 7/6/2022 (seller)
Closing: 7/7/2022
Deed recorded: 7/11/2022
Contract Showing on Membership:
Points in account:

Days Total:

 

[Cintijen]

Home Resort: PVB
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 4/23
Offer accepted: 4/25
Sent to ROFR: 4/29
Passed ROFR: 5/25
Closing docs received: 6/10
Closing docs returned: 6/14
Closing: 6/20
Deed recorded: 6/21
Contract Showing on Membership (new member): 7/6
Points in account: 7/8 (added via chat)

Days Total: 76

Final update!

Home Resort: PVB
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 4/23
Offer accepted: 4/25
Sent to ROFR: 4/29
Passed ROFR: 5/25
Closing docs received: 6/10
Closing docs returned: 6/14
Closing: 6/20
Deed recorded: 6/21
Contract Showing on Membership (new member): 7/6
Points in account: 7/8 (added via chat)

Days Total: 76

 

[Justtopa009]

Home Resort: AKV
Broker: Andy Berry, DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 5/25/2022
Offer accepted: 5/25/2022
Sent to ROFR: 5/26/2022
Passed ROFR: 6/22/2022
Closing docs received: 7/1/2022
Closing docs returned: 7/1/2022
Closing:
Deed recorded:
Contract Showing on Membership (new member):
Points in account:

Days Total: 38 so far!

Home Resort: AKV
Broker: Andy Berry, DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 5/25/2022
Offer accepted: 5/25/2022 (0 days)
Sent to ROFR: 5/26/2022 (1 day since offer)
Passed ROFR: 6/22/2022 (29 days since offer)
Closing docs received: 7/1/2022 (38 days since offer)
Closing docs returned: 7/1/2022 (38 days since offer)
Closing: 7/7/2022 (44 days since offer)
Deed recorded: 7/11/2022 (48 days since offer)
Contract Showing on Membership (new member):
Points in account:

Total Days: 48 Days

 

[Chuckdlc]

I have to post the final specifics of my transaction later but I wanted to take a moment to thank those in this thread that answered some of my questions along the way. This was my first contract and having access to helpful people with knowledge of how things work really made it far less vague and less stressful.

 

[I am Moana of Motunui]

Home Resort: Polynesian
Broker: www.****************.com
Title Company: Mason Title & Escrow Company
Offer made: 5/19/2022
Offer accepted: 5/19/2022
Sent to ROFR: 5/20/2022
Passed ROFR: 6/14/2022
Closing docs received: 6/16/2022
Closing docs returned: 6/16/2022
Closing: 6/23/2022
Deed recorded: 6/24/2022
Contract Showing on Membership (new member):
Points in account:

Days Total:

I will update the post when the transfer is complete! So excited to be part of the DVC family!

Update - Got my email today - the transfer of the membership is complete Now just waiting for the points to get transferred! I'm so excited to be nearing the end of the process

Home Resort: Polynesian
Broker: www.****************.com
Title Company: Mason Title & Escrow Company
Offer made: 5/19/2022
Offer accepted: 5/19/2022
Sent to ROFR: 5/20/2022
Passed ROFR: 6/14/2022
Closing docs received: 6/16/2022
Closing docs returned: 6/16/2022
Closing: 6/23/2022
Deed recorded: 6/24/2022
Contract Showing on Membership (new member): 7/11/2022
Points in account:

Days Total: 52 days

 

[Jimmy Geppetto]

this might be the quickest one I've seen yet!

Yeah…two words - MASON TITLE.

 

[Parkhopperplanner]

Home Resort: Old Key West (extended)
Broker: https://www.dvcresalemarket.com/
Title Company: Magic Vacation Title
Offer made: 4/25/22
Offer accepted: 4/26/22
Sent to ROFR: 4/29/22
Passed ROFR: 5/28/22 (estoppel issued)
Closing docs received: 6/22/22
Closing docs returned: 7/6/22 (delay on buyer / our part due to travel)
Closing: 7/11/22
Deed recorded:
Contract Showing on Membership (new member):
Points in account:

Days Total:

 

[mejones1115]

Home Resort: AKV
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 04/27/2022
Offer accepted: 04/28/2022 (1 day)
Sent to ROFR: 04/29/2022 (2 days)
Passed ROFR: 05/25/2022 (28 days)
Closing docs received: 06/01/2022 (35 days)
Closing docs returned: 06/02/2022 (buyer) Sellers docs were received 07/06 (but were not complete and filled out properly) (36 days)
Closing: -07/11/2022 (By some miracle we closed 2 days before our closing date even though as of Friday they didn't think we were going to close on time and we were going to walk and buy direct) (75 days and counting)
Deed recorded:
Contract Showing on Membership (new member):
Points in account:

Days Total:

We had hopes that we would close and have our points well before our 7 month window opened for our February trip for Princess Half weekend. Obviously that chance is gone now, but we should be close. Just hoping we will still be able to get rooms (thankfully we have 1 room booked for part of the trip with our 50 point contract) but we still need 3 more nights for that room and 2 more. Plus we are really hoping we'll be able to get our points loaded so we can adjust our reservation for this year to use our expiring points from this contract and bank our other contracts 2021 points.

 

[mejones1115]

Home Resort: AKV
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 04/27/2022
Offer accepted: 04/28/2022 (1 day)
Sent to ROFR: 04/29/2022 (2 days)
Passed ROFR: 05/25/2022 (28 days)
Closing docs received: 06/01/2022 (35 days)
Closing docs returned: 06/02/2022 (buyer) Sellers docs were received 07/06 (but were not complete and filled out properly) (36 days)
Closing: -07/11/2022 (By some miracle we closed 2 days before our closing date even though as of Friday they didn't think we were going to close on time and we were going to walk and buy direct) (75 days and counting)
Deed recorded: 07/13/2022 (77 days)
Contract Showing on Membership (new member):
Points in account:

Days Total:

We had hopes that we would close and have our points well before our 7 month window opened for our February trip for Princess Half weekend. Obviously that chance is gone now, but we should be close. Just hoping we will still be able to get rooms (thankfully we have 1 room booked for part of the trip with our 50 point contract) but we still need 3 more nights for that room and 2 more. Plus we are really hoping we'll be able to get our points loaded so we can adjust our reservation for this year to use our expiring points from this contract and bank our other contracts 2021 points.

Updated deed recorded today.

 

[Parkhopperplanner]

Home Resort: Old Key West (extended)
Broker: https://www.dvcresalemarket.com/
Title Company: Magic Vacation Title
Offer made: 4/25/22
Offer accepted: 4/26/22
Sent to ROFR: 4/29/22
Passed ROFR: 5/28/22 (estoppel issued)
Closing docs received: 6/22/22
Closing docs returned: 7/6/22 (delay on buyer / our part due to travel)
Closing: 7/11/22
Deed recorded: 7/13/22
Contract Showing on Membership (new member):
Points in account:

Days Total:

Deed recorded! Now to wait for Disney to create our account - excited to book our first trip!

 

[Warriorfish5392]

Deed recorded! Now to wait for Disney to create our account - excited to book our first trip!

Good luck, hopefully its quick. We are in the same boat here!! Waiting on Disney. Super excited to book our Welcome Home stay!!

 

[Warriorfish5392]

Home Resort: AKV
Broker: Andy Berry, DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 5/25/2022
Offer accepted: 5/25/2022 (0 days)
Sent to ROFR: 5/26/2022 (1 day since offer)
Passed ROFR: 6/22/2022 (29 days since offer)
Closing docs received: 7/1/2022 (38 days since offer)
Closing docs returned: 7/1/2022 (38 days since offer)
Closing: 7/7/2022 (44 days since offer)
Deed recorded: 7/11/2022 (48 days since offer)
Contract Showing on Membership (new member):
Points in account:

Total Days: 48 Days

Any day now!!!!

 

[RKS03]

I’m the seller of a contract and buyer hasn’t sent in closing documents in 9 days (ROFR notification was 12 days ago). Typically I see complaints about the seller taking a while but I’m a little concerned there’s an issue with buyer since typically buyers are eager to get ahold of the contract. We’re both domestic. Would you follow-up with the title company or the broker to see if they can check in with buyer? I know they could just be lining up financing but I wouldn’t expect it to take too long to go so.

Thank you.

My BWV contract finally closed yesterday, a few days before the end closing date! I guess the buyers were just lining up financing. In any case I am now able to pay off the direct VGF purchase I made without using the 6 months grace period offered with the Premier card. Looking forward to staying at VGF in December!