Closing Time!

[TerrorPigeon]

Updated: Wow! That's the second time recently that points appeared the very next day without me having to call. I hope this is a new trend!

Home Resort: Copper Creek Villas (CCV)
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 10/11/2021
Offer accepted: 10/12/2021 (1 day)
Sent to ROFR: 10/13/2021 (2 days)
Passed ROFR: 11/5/2021 (23 days)
Estoppel Received: 11/5/2021 (0 days)
Closing docs received: 11/10/2021 (5 days)
Closing docs returned: 11/11/2021 (1 day)
Seller returned closing docs: 11/15/2021 (5 days)
Closing: 11/16/2021 (6 days)
Deed recorded: 11/18/2021 (2 days)
Contract Showing on Membership: 12/2/2021 (16 days)
Points in account: 12/3/2021 (1 day)

Days Total: 53 days and counting...
offer made to ROFR passing: 25 days
ROFR passing to closing: 11 days
closing to points in account: 17 days

Wow. You must have a lot of pixie dust. That would certainly be great if that is the new trend.

 

[Lorana]

Wow. You must have a lot of pixie dust. That would certainly be great if that is the new trend.

This was definitely not my experience in any of my prior resales. Let's hope this is the trend for everyone. (And I'm much rather reserve my pixie dust to get my room requests, lol).

 

[macman123]

Home Resort: PVB
Broker: vwww.*******.com
Title Company: Hayes
Offer made: 04/08/21
Offer accepted: 04/09/21
Sent to ROFR: 04/09/21
Passed ROFR: 05/07/21
Closing docs received: 11/21/21
Closing docs returned: 11/22/21
Closing: 11/24/21
Deed recorded: 11/30/21
Contract Showing on Membership (existing member): -
Points in account: -

Delayed closing due to existing reservation

 

[DonMacGregor]

Home Resort: PVB
Broker: vwww.*******.com
Title Company: Hayes
Offer made: 04/08/21
Offer accepted: 04/09/21
Sent to ROFR: 04/09/21
Passed ROFR: 05/07/21
Closing docs received: 11/21/21
Closing docs returned: 11/22/21
Closing: 11/24/21
Deed recorded: 11/30/21
Contract Showing on Membership (existing member): -
Points in account: -

Delayed closing due to existing reservation

That's about 10 times more patience than I could have mustered. I made an accepted offer on a delayed closing on May 12th, closing after October 21. I made it to July, and pulled the plug. Lost my deposit, but the idea of waiting until almost Christmas to actually get the points was just too much for me. LOL

 

[TerrorPigeon]

Update...

Home Resort: BWV
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 6/29/21
Offer accepted: 6/29/21
Sent to ROFR: 7/01/21
Passed ROFR: 7/26/21
Estoppel received: 8/02/21
Closing docs received: 10/27/21 (delayed closing with the earliest being 11/22/21)
Closing docs returned buyer: 10/28/21
Closing docs returned seller: ???
Closing: 11/22/21
Deed recorded: 11/23/21
Contract Showing on Membership (existing member): 12/6/21
Points in account:

Total Days: 160 days and counting on apart of the delayed closing

Almost there! Now just need to get the points loaded!

 

[DonMacGregor]

UPDATED:
Home Resort: Boulder Ridge
Broker: Fidelity
Title Company: Mason Title & Escrow Company
Offer made:11/1/21
Offer accepted:11/1/21
Sent to ROFR:11/2/21
Passed ROFR:11/17/21
Closing docs received:11/18/21
Closing docs returned buyer:11/18/21
Seller returned closing docs: 12/3/21
Closing: 12/6/21
Deed recorded:
Contract Showing on Membership (existing member):
Points in account:

Days Total:

 

[perchy]

Home Resort: OKW
Broker: www.****************.com
Title Company: Mason (Cammy)
Offer made: 10/1/21
Offer accepted: 10/5/21
Sent to ROFR: 10/6/21
Passed ROFR: 10/28/21
Closing docs received: 11/1/21
Closing docs returned buyer: 11/3/21
Closing docs returned seller: REALLY LATE - INTERNATIONAL SALE
Closed: 12/3/21
Deed recorded: 12/6/21
Contract Showing on Membership (new member):
Points in account:

Home Resort: HHI
Broker: www.fidelityrealestate.com
Title Company: Mason (Cammy)
Sent to ROFR: 11/3/21
Passed ROFR: 11/19/21
Closed: 12/3/21
Contract Showing on Membership (new member):
Points in account:

 

[perchy]

If you're a new member then you will eventually receive 2 different emails from DVC. One with your Club ID and another with an activation code. Once you receive those emails then you'll be able to create your account on the DVC website using the Club ID and the activation code. Typically it takes around 2+ weeks after closing to receive the emails. My last contract which was my first took exactly 2 weeks from my closing date to when I received the emails.

This has got to be worse than waiting for ROFR. Or at least it feels that way to me. Now it's mine and I've still gotta wait.

 

[Flynn's Gal]

Home Resort: Animal Kingdom Lodge
Broker: https://www.dvcmagicresales.com/
Title Company: First Reliable Transfers
Offer made: 11/27/21
Offer accepted: 11/29/21 - one amendment to the contract before sending to ROFR
Sent to ROFR: 12/8/21
Passed ROFR: 01/04/2022 (27 days to hear decision)
Closing docs received: 01/11/22
Closing docs returned: 01/20/22 (Was in quarantine so I couldn't get them notarized). On 2/2/22, according to the title agent, seller's docs hadn't been received from overseas, but the seller's address on the deed is FL.
Closing: No idea. No communication from title company.
Deed recorded: 2/14/22
Contract Showing on Membership: 3/1/22
Points in account: 3/12/22 (didn't call)

Days Total: 105

 

[Lorana]

This has got to be worse than waiting for ROFR. Or at least it feels that way to me. Now it's mine and I've still gotta wait.

It definitely is. I really think there should be a legal requirement over how long DVC (or any real estate/timeshare broker) should have to take between when you legally own a property and when you are able to actually utilize a property. While that is one benefit going direct has, it really shouldn't take weeks and weeks to have access to the deeded property I own. The wait for the contract to appear and then the points is brutal!

 

[BamaGuy44]

It definitely is. I really think there should be a legal requirement over how long DVC (or any real estate/timeshare broker) should have to take between when you legally own a property and when you are able to actually utilize a property. While that is one benefit going direct has, it really shouldn't take weeks and weeks to have access to the deeded property I own. The wait for the contract to appear and then the points is brutal!

Agree 100%! When I closed on my house I walked out with the keys in my hand. We just closed today on our first contract (yay us! ) And now waiting 2 or 3 weeks to be able to book something? Brutal indeed. I'm generally a patient guy, but after I've bought something, and I've already handed over a large chunk of change for it, I want it to be MINE already lol

 

[macman123]

That's about 10 times more patience than I could have mustered. I made an accepted offer on a delayed closing on May 12th, closing after October 21. I made it to July, and pulled the plug. Lost my deposit, but the idea of waiting until almost Christmas to actually get the points was just too much for me. LOL

Well the thing is I had accepted and passed ROFR I think $143pp. Its now gone up in value

 

[sjdrr1313]

Agree 100%! When I closed on my house I walked out with the keys in my hand. We just closed today on our first contract (yay us! ) And now waiting 2 or 3 weeks to be able to book something? Brutal indeed. I'm generally a patient guy, but after I've bought something, and I've already handed over a large chunk of change for it, I want it to be MINE already lol

I'm with you. I'm still waiting on ROFR (day 17). If this doesn't go through I may end up buying direct just because of the instant gratification and then adding on resale. I'll have more patience for the add on, I just want to get my contract and my points so I can at least book for next summer. I don't think I can start all over if our contract gets taken, I'm too impatient

 

[TerrorPigeon]

This has got to be worse than waiting for ROFR. Or at least it feels that way to me. Now it's mine and I've still gotta wait.

It really is. Like you say mostly because you already know you're getting your new DVC contract but now you have to sit and wait anxiously checking the DVC site everyday to see if your contract is there now. I was very pleasantly surprised to see my new BWV contract show up today 13 days after the deed was recorded.

 

[DonMacGregor]

UPDATED:
Home Resort: Boulder Ridge
Broker: Fidelity
Title Company: Mason Title & Escrow Company
Offer made:11/1/21
Offer accepted:11/1/21
Sent to ROFR:11/2/21
Passed ROFR:11/17/21
Closing docs received:11/18/21
Closing docs returned buyer:11/18/21
Seller returned closing docs: 12/3/21
Closing: 12/6/21
Deed recorded:c12/6/21
Contract Showing on Membership (existing member):
Points in account:

Days Total:

Ok, well everything is done and sent back to Disney. We'll see how long they take to update the membership and provision those points...

 

[BamaGuy44]

Home Resort: AKV
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 11/5
Offer accepted: 11/5
Sent to ROFR: 11/10
Passed ROFR: 11/30
Closing docs received: 12/2
Closing docs returned: 12/6
Closing: 12/6
Deed recorded: 12/7
Contract Showing on Membership (new member):
Points in account:

Days Total:

 

[Lorana]

Home Resort: Copper Creek Villas (CCV)
Broker: www.fidelityrealestate.com
Title Company: Mason Title
Offer made: 11/09/2021
Offer accepted: 11/11/2021 (2 days)
Sent to ROFR: 11/17/2021 (6 days)
Passed ROFR: 12/08/2021 (21 days)
Estoppel Received: 12/08/2021 (0 days)
Closing docs received: 12/08/2021 (0 days)
Closing docs returned: 12/08/2021 (0 days)
Seller returned closing docs:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

Days Total: 29 days and counting...
offer made to ROFR passing: 29 days
ROFR passing to closing: 0 days and counting…
closing to points in account:

 

[ParkFreak]

Home Resort: PVB
Broker: dvcresalemarket
Title Company: Magic Vacation Title
Offer made: 11/3/21
Offer accepted: 11/4/21
Sent to ROFR: 11/6/21
Passed ROFR: 11/19/21
Closing docs received: 11/30/21
Closing docs returned buyer: 12/1/21
Closing docs returned seller: Unknown
Closing: 12/6/21
Deed recorded: 12/7/21
Contract Showing on Existing Membership:
Points in account:

 

[Anuhea35]

Home Resort: BWV
Broker: dvcstore.com
Title Company: Mason Title
Offer made: 10/13/2021
Offer accepted: 10/14/2021
Sent to ROFR: 10/15/2021
Passed ROFR: 11/5/2021
Closing docs received: 11/10/2021
Closing docs returned buyer: 11/17/2021
Closing docs returned seller: Unknown
Closing: 11/24/2021
Deed recorded:
Contract Showing on Existing Membership: 12/8/2021
Points in account:

 

[sjdrr1313]

Woo-Hoo! got news that I passed ROFR. We have mason title company and looks like Cammy is handling it. Yay!!!