Closing Time!!

[bp2412]

Points loaded so thought I would finally add to this thread...

Home: Saratoga Springs Resort (SSR)
Broker: www.dvcbyresale.com
Title Company: Jeffrey C Sweet
Offer made: 9/28/2020
Offer accepted: 9/28/2020
Sent to ROFR: 9/29/2020
Passed ROFR: 11/6/2020
Closing docs received: 11/9/2020
Closing docs returned: 11/9/2020
Seller returned closing docs: 11/10/2020
Closing: 11/18/2020
Deed recorded: 11/19/2020
Contract Showing on Membership: 12/1/2020
Points in account: 12/9/2020

First contract and excited to be finished and faster than we expected!

 

[Winston Wolf]

Home: AKV
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer Made: 10/5/2020
Offer Accepted: 10/6/2020
Sent to ROFR: 10/8/2020
Passed ROFR: 11/3/2020
Closing Docs received: 11/18/2020
Closing Docs returned: 11/30/2020
Seller Closing Docs Returned: 11/23/2020
Closed: 12/1/2020
Deed Recorded: 12/3/2020
New Membership account: 12/9/2020
Points in account:

 

[Carrie932]

Good for you! I’m still waiting to hear back from my broker and or the title company. I’m getting a little frustrated with the lack of communication. I’ve emailed and called with no response...

Have you heard back yet? We haven’t...hubby planning to call today

 

[Carrie932]

Have you heard back yet? We haven’t...hubby planning to call today

As I posted this my husband came down and said they replied and are “looking into it”

 

[Brittni Bouse]

Home: PVB
Broker: dvcstore.com
Title Company: Mason Title Company
Offer made: 9/26/20
Offer accepted: 9/28/20
Sent to ROFR: 9/29/20
Passed ROFR: 11/2/2020
Closing docs received: 11/17/2020
Closing docs returned: 11/17/2020
Sellers closing docs returned: 11/23/2020
Closing: 12/2/2020
Deed recorded: 12/3/2020
Contract Showing on Membership: 12/10/2020
Points in account:

Quote Reply

 

[Trinity524]

Moving over to the Closing boards.

Home: Polynesian
Broker: www.**********.com
Title Company: ??
Offer made: 11/12/2020
Offer accepted: 11/13/2020
Sent to ROFR:11/14/2020
Passed ROFR: 11/24/2020 (11 days)
Estoppel:
Closing docs received:
Closing docs returned:
Seller returned closing docs:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

My broker just told me that they haven't received the Estoppel yet, and my closing date is set for 1/21. That seems off for it taking 11 days to pass ROFR, and now waiting two months to close. Is this normal?

 

[Carrie932]

My broker just told me that they haven't received the Estoppel yet, and my closing date is set for 1/21. That seems off for it taking 11 days to pass ROFR, and now waiting two months to close. Is this normal?

That is a close BY date...we closed around a month before the date we were originally quoted!

 

[bubblefactory]

UPDATE : All set, the new member number appeared on my login earlier and I had to call to ask for my DD to be named as a Ms not a Mr on the profile. While I was on the call the CM very kindly chased the points up and loaded them

Home: Saratoga Springs
Broker: www.DVCbyResale.com
Title Company: Mason Title & Escrow Company
Offer made: 10/11/2020
Offer accepted: 10/11/2020
Sent to ROFR: 10/15/2020
Passed ROFR: 10/29/2020
Closing docs received: 11/19/2020
Closing docs returned: 11/19/2020
Sellers closing docs returned: 11/30/2020
Closing: 12/01/2020
Deed recorded: 12/02/2020
Contract Showing on Membership: 12/10/2020
Points in account: 12/10/2020

 

[Duckbug.Ducktales]

I think we're almost there! Just returned our closing docs (had to pay 2021 dues because it's getting close to January I guess). Hopefully the seller acts quickly and we can close!

Question: I want to make sure that our new contract will be added to our existing membership. I sent the title company agent my membership number (she asked for it) and copies of our previous deed to be safe. Is that good enough? So long as they spell our names the same way it should be fine, right? The one thing I'm worried about is that the new contract says we are "vested as a married couple as tenants by the entirety" but that wording is different than what we have in our previous deed that were purchased direct. Does that matter?! I think I'm getting paranoid but I just really don't want to deal with different membership accounts!

 

[ddubaynavarro]

Home: OKW
Broker: www.dvcstore.com
Title Company: Mason Title
Offer Made: 11/3/2020
Offer Accepted: 11/3/2020
Sent to ROFR: 11/5/2020
Passed ROFR: 11/12/2020
Closing Docs received: 12/8/2020
Closing Docs returned: 12/10/2020
Seller Closing Docs Returned:
Closed:
Deed Recorded:
New Membership account:
Points in account:

So happy to finally be on the closing thread! Woohoo!

 

[Raemama]

DH and I are very excited! The title company said we couldn’t close until 12/16 because Disney isn’t allowing closings until then... has anyone heard that before? Sometimes it seems information is lacking in this process, and it makes me feel less confident about this undertaking.

Home: BWV
Broker: www.dvcstore.com
Title Company: Mason Title
Offer Made: 10/27/2020
Offer Accepted: 10/27/2020
Sent to ROFR: 10/30/2020
Passed ROFR: 11/07/2020
Closing Docs received: 11/30/2020
Closing Docs returned: 12/01/2020
Seller Closing Docs Returned: 12/07/2020
Closed:
Deed Recorded:
New Membership account:
Points in account:

 

[Lorana]

I CAN NOW SEE MY BEAUTIFUL, BEAUTIFUL CONTRACTS ON MY ACCOUNT!!!!
I was so hoping they'd make a mistake and put the contracts in as Sep UY, lol. But, hey, now I get to see what it looks like when you have multiple UYs! Completely freaked me out at first because my login defaults to Oct UY now, and so the point totals were all wrong. I wish they had an option to select your default membership that appears on the home page!

Now the long wait for points to get into my account...

Home: Villas at Disney's Grand Californian (VGC)
This is actually two small contracts (one 35pts, the other 27pts), but they are being closed together.
Broker: FidelityResales.com
Title Company: First American
Offer made: 9/20/2020
Offer accepted: 9/21/2020
Offer contract received and sent in with deposit: 09/23/2020
Seller returned offer contract: 09/24/2020
Sent to ROFR: 09/25/2020 (5 days)
Passed ROFR: 10/29/2020 (34 days)
Closing docs received: 11/24/2020 (26 days)
Closing docs returned: 11/24/2020 (0 days)
Seller returned closing docs: 11/30/2020 (6 days)
Closing: 12/2/2020 (2 days)
Deed recorded: 12/1/2020
Contract Showing on Membership: 12/10/2020 (8 days)
Points in account:

TIME TOTAL: 81 days and counting...
offer to ROFR: 39 days
ROFR passing to Closing: 34 days
Closing to Points in Account: 8 days and counting...


******
Here is my experience so far, as I’ve done numerous mostly small contracts:

Closed Contracts (offer to points in account):

BRV Resale - 43 days - www.FidelityResales.com / Mason
AKL Resale #1 - 49 days - www.DVCbyResale.com / Mason
AKL Resale #2 - 40 days - www.DVCStore.com / Mason
AKL Resale #3 - 80 days - www.DVCResaleMarket.com / Magic Vacation Title (start of Covid, Feb-May)
CCV Resale #1 - 91 days - www.FidelityResales.com / Mason (Covid, end-May to end-August)
SSR Resale #1 - 120 days - www.*************.com / TRCS (Covid, May to September)
CCV Resale #2 - 86 days - www.*************.com / TRCS (Covid, July to October)
CCV Small Resale #3 - 87 days - www.FidelityResales.com / Mason (Covid, July to October)
SSR Small Resale #2 - 90 days - www.FidelityResales.com / Mason (Covid, September to December)

In progress:
HHI Small Resale - www.*******.com / Hayes Title - 84 days so far, waiting for account to appear (offer made 9/17, sent to ROFR 9/21, passed 11/6, closing docs received 11/10, seller issue resolved 11/20, deed recorded 11/25)
VGC Small Resale #1 & #2 - www.FidelityResales.com / First American - 81 total days so far, waiting for account to appear (offer made 9/20, sent to ROFR 9/25, passed ROFR 10/29, closing docs received 11/24, deed recorded 12/1, closed 12/2)

 

[My3kids1989]

Home: AKV
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer Made: 11/10/20
Offer Accepted: 11/11/20
Sent to ROFR: 11/12/20
Passed ROFR: 11/25/20
Closing Docs received: 12/10/20
Closing Docs returned: 12/10/20
Closing Docs/payment filed:
Closed:
Deed Recorded:
New Membership account:
Points in account:

Received docs today and returned them today! I’m so happy! Must have passed estoppel! I’m hopeful that the point will be loaded quickly and I can give points to my family to go with over New Years!
ETA:
I used Usps for funds and they are 2 days late, so annoyed.

 

[HappyThoughtsTees]

Definitely check with your title company. Wording is tricky and can vary state by state. My Aunt is a seasoned escrow officer and I had her look over our docs and she pointed out some errors that our title company had overlooked and needed correcting.

I think we're almost there! Just returned our closing docs (had to pay 2021 dues because it's getting close to January I guess). Hopefully the seller acts quickly and we can close!

Question: I want to make sure that our new contract will be added to our existing membership. I sent the title company agent my membership number (she asked for it) and copies of our previous deed to be safe. Is that good enough? So long as they spell our names the same way it should be fine, right? The one thing I'm worried about is that the new contract says we are "vested as a married couple as tenants by the entirety" but that wording is different than what we have in our previous deed that were purchased direct. Does that matter?! I think I'm getting paranoid but I just really don't want to deal with different membership accounts!

 

[Cupcake232]

As I posted this my husband came down and said they replied and are “looking into it”

That’s the same thing I was told. That they are actively looking into it. It’s been a week since I contacted them. I’d really just like an answer.

 

[Carrie932]

That’s the same thing I was told. That they are actively looking into it. It’s been a week since I contacted them. I’d really just like an answer.

He was told they don’t see anything wrong on their end and they think maybe it was Disneys mistake and will get back to us...

 

[Duckbug.Ducktales]

Definitely check with your title company. Wording is tricky and can vary state by state. My Aunt is a seasoned escrow officer and I had her look over our docs and she pointed out some errors that our title company had overlooked and needed correcting.

Thanks, I checked with them and they said it would be fine. I guess I'll just have to trust them since I don't have an escrow officer aunt!

 

[E2ME2]

Finally Loaded - 93 Days Total:

Home: BCV
Broker: www.fidelityresales.com
Title Company: FATC
Offer made: 9/9/2020
Offer accepted: 9/9/2020
Sent to ROFR: 9/16/2020
Passed ROFR: 10/29/2020
Closing docs received:11/05/2020
Closing docs returned: 11/05/2020
Seller returned closing docs: 11/11/2020
Closing: 11/12/2020
Deed recorded: 11/12/2020 - Awaiting Correction -11/30/2020 12/04/2020
Contract Showing on Membership:12/04/2020
Points in account:12/11/2020

& I'm DONE --- for this year
I added on 255 points thanks to COVID-Prices, but it took most of the year to get through both contracts.
I now have 505 Total, 250-Direct & 255-Resale, at a Cost-Averaged-Price of about $101/Point.
Would still consider a small AKL contract, and maybe a few more BCV points, if 2021 prices see their normal January Dip!

 

[kerrylacherry]

FINALLY DONE!!! 110 days for my first contract (which may soon be joined by a direct contract). Resale was a lesson in patience that I did not care to learn! I was a little worried about the points loading correctly, but it was all good, double points are all there so now it's time to start booking some trips!!



Home Resort: BWV
Broker: www.dvcstore.com
Title Company: Mason Title
Offer made: 8/24/2020
Offer accepted: 8/25/2020
Signed contract docs: 8/25/2020
Seller signed contract docs: 9/4/2020
Sent to ROFR: 9/4/2020
ROFR answer: 10/19/2020 PASSED
Estoppel Received: 10/21/2020
Closing docs received: 10/27/2020
Closing docs returned: 10/27/2020
Sellers closing docs returned: 11/13/2020
Balance paid: 11/13/2020
Closing: 11/16/2020
Deed recorded: 11/17/2020
Contract Showing on Membership (new membership): 11/28/2020
Points in account: 12/11/2020

Days in ROFR: 46 days
Passing ROFR to Closing: 29 days
Closing to New Account Set-up: 13 days
New Account to Points loading: 14 days
Offer to Points: 110 days total

 

[Raemama]

DH and I are very excited! The title company said we couldn’t close until 12/16 because Disney isn’t allowing closings until then... has anyone heard that before? Sometimes it seems information is lacking in this process, and it makes me feel less confident about this undertaking.

After I inquired, the title company wrote back with, “Disney just finished their annual DVC meeting, which finalizes the 2021 dues so during that time they do not allow ownership transfers. We will resume closings again next week.”