Closing Time!!

[jwmob91]

So close I can taste it! New info since last post is bold font.

SELLING
Home Resort: Poly (4 contracts with same timeline)
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 4/11/21
Offer accepted: 4/11/21
Sent to ROFR: 4/14/21
Passed ROFR: 5/10/21
Estoppel Received: 5/24/21
Closing docs received: 5/26/21
Seller closing docs returned: 5/26/21
Closing: 6/2/21
Deed recorded: 6/7/21
Contract/points off of Membership: 6/17/21
Funds received: 6/23/21
Total-73 days

Home Resort: Poly (1 contract on different timeline)
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 5/1/21
Offer accepted: 5/1/21
Sent to ROFR: 5/3/21
Passed ROFR: 5/21/21
Estoppel Received: 6/7/21
Closing docs received: 6/17/21
Seller closing docs returned: 6/23/21
Closing:
Contract/points off of Membership:

PURCHASING
Home Resort: Copper Creek
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 4/11/21
Offer accepted: 4/14/21
Sent to ROFR: 4/16/21
Passed ROFR: 5/10/21
Estoppel Received: 6/1/21
Closing docs received: 6/3/21
Closing docs returned: 6/7/21
Seller closing docs returned: ???
Closing: 6/15/21
Deed recorded: 6/17/21
Contract on Membership: 6/28/21 (new membership created under existing login credentials. Did not need Club ID/activation codes from email)
Points loaded: Waiting. Called MS and they were not able to load same day

 

[Jmazzuca243]

Update:
Home Resort: VGC
Broker: www.dvcresalemarket.com
Title Company: First American
Offer made: 04/18/2021
Offer accepted: 04/18/2021
Sent to ROFR: 04/20/2021
Passed ROFR: 05/10/2021
Closing docs received: 06/04/2021
Closing docs returned: 06/04/2021
Seller’s closing docs returned: 06/15/2021
Closing: 06/17/2021
Deed recorded: 06/17/2021
Contract Showing on Membership: 06/29/2021
Points in account: 06/29/2021

Only 72 Days!!!! Saw the contract and had points loaded before I got the welcome home email

Home: VGF
Broker: www.fidelityrealestate.com
Title Company: First American Title
Offer made: 03/08/21
Offer accepted: 03/08/21
Sent to ROFR: 03/10/21
Passed ROFR: 03/31/21
Estoppel Received: 04/19/21
Closing docs received: 04/23/21
Closing docs returned: 04/23/21
Sellers closing docs returned:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

Still waiting on the seller. They are international so I have no idea when the will provide the documents.

 

[ParkFreak]

And, here we go again! 45 pt add on.

Home Resort: OKW
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 06/02/2021
Offer accepted: 06/02/2021
Sent to ROFR: 06/04/2021
Passed ROFR: 06/29/2021
Closing docs received:
Closing docs returned:
Seller’s closing docs returned:
Closing:
Deed recorded:
Contract Showing on Membership (existing member):
Points in account:

Also, this little tidbit was included in my ROFR email…
Lastly, the contract is recorded and a copy is sent to Disney for Membership transfer which typically takes 14-21 days. ***Disney is having system updates and will not be able to transfer contracts between July 8th and July 20th. If your closing falls in this timeframe, the transfer will occur after July 21st.

 

[KTownRaider]

Home: VGF
Broker: www.fidelityrealestate.com
Title Company: First American Title
Offer made: 03/08/21
Offer accepted: 03/08/21
Sent to ROFR: 03/10/21
Passed ROFR: 03/31/21
Estoppel Received: 04/19/21
Closing docs received: 04/23/21
Closing docs returned: 04/23/21
Sellers closing docs returned:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

Still waiting on the seller. They are international so I have no idea when the will provide the documents.

That's a long time to be waiting for the seller to return closing docs- especially if you've already submitted funds. I'm assuming the contractually declared Close Date has passed. Is there a point you could just walk away (with your initial deposit)? Doesn't seem fair/right that this process seems open ended- even if the other party has extenuating circumstances (COVID lockdowns, underwater loan, etc).

I'm in the middle of a resale myself- with Magic Vacation- so I'm expecting a long process, but I don't know if I'd have the patience to wait 4+ months.

 

[Sandisw]

That's a long time to be waiting for the seller to return closing docs- especially if you've already submitted funds. I'm assuming the contractually declared Close Date has passed. Is there a point you could just walk away (with your initial deposit)? Doesn't seem fair/right that this process seems open ended- even if the other party has extenuating circumstances (COVID lockdowns, underwater loan, etc).

I'm in the middle of a resale myself- with Magic Vacation- so I'm expecting a long process, but I don't know if I'd have the patience to wait 4+ months.

I am going on 2 weeks since I got closing documents as a buyer and the seller has not yet returned. But, we are in no rush since we are selling as well and still waiting on closing documents for that sale. so have to pull funds temporarily from a different account until we get the proceeds from the sale. I did not send my money yet and the title company will let me know when the seller returns them. Then I will wire the funds.

If documents are not sent back by next week, I may inquire but more because I don't want to find out the seller is having second thoughts!

 

[Samita]

Home: AKV
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Titles
Offer made: 4/12/21
Offer accepted: 4/12/21
Sent to ROFR: 4/14/21
Passed ROFR: 5/7/21
Estoppel Received: ??
Closing docs received: 6/2/2021
Closing docs returned: 6/5/2021
Funds wired: 6/5/2021
Sellers closing docs returned: 6/2/2021
Closing: 6/16/2021
Deed recorded: 6/18/2021
Membership created & contract showing: 6/29/2021
Points in account:

Total Time from Offer to Points in Account:

 

[ILoveMyDVC]

I am going on 2 weeks since I got closing documents as a buyer and the seller has not yet returned. But, we are in no rush since we are selling as well and still waiting on closing documents for that sale. so have to pull funds temporarily from a different account until we get the proceeds from the sale. I did not send my money yet and the title company will let me know when the seller returns them. Then I will wire the funds.

If documents are not sent back by next week, I may inquire but more because I don't want to find out the seller is having second thoughts!

I am 0/4 on sellers returning on time. This time it is because the seller needs the funds from another sale to fund the closing for my purchase which will run us smack into the temp closing for two weeks. delaying us a full 6 weeks. Gotta love it.

 

[BayGirl22]

....
Deed recorded: 6/17/21
Contract on Membership: 6/28/21 (new membership created under existing login credentials. Did not need Club ID/activation codes from email)
Points loaded: Waiting. Called MS and they were not able to load same day

This is good to know. My deed was recorded 6/15 which is 2 weeks today. I have not received an email and the contract is not in my account. Sounds like I can expect to see the contract show up regardless of getting an email?

Has anyone had success calling member services to see when a contract will be loaded (if the number/email is not received yet)? Will they know what deed I'm talking about if its not showing up under my member number?

 

[Jmazzuca243]

That's a long time to be waiting for the seller to return closing docs- especially if you've already submitted funds. I'm assuming the contractually declared Close Date has passed. Is there a point you could just walk away (with your initial deposit)? Doesn't seem fair/right that this process seems open ended- even if the other party has extenuating circumstances (COVID lockdowns, underwater loan, etc).

I'm in the middle of a resale myself- with Magic Vacation- so I'm expecting a long process, but I don't know if I'd have the patience to wait 4+ months.

I just crossed the point of getting my deposit back. The sellers have no idea when they will be able to go to notary since all notary's are closed in their country. Im tempted to back out of the deal because of the VGF 2.0 announcement, but it depends on the direct price.

 

[KTownRaider]

I just crossed the point of getting my deposit back. The sellers have no idea when they will be able to go to notary since all notary's are closed in their country. Im tempted to back out of the deal because of the VGF 2.0 announcement, but it depends on the direct price.

Thanks for the additional context. I'm sorry it's taking so long with no currently foreseeable end. I wish there were more regulated upfront disclosure so you could gauge the potential pitfalls better when you sign.

Regarding VGF, I'm in the same boat with my current VGF resale- was in ROFR when VGF2 announcement was made in May. Won't know if it was a good deal, OR if I'll end up getting more points until VGF2 pricing is announced...

 

[Lorilais_mommie]

Last update:
Everything went a smooth and quick has it possibly could..

Home Resort: CCV
Broker: www.*******.com
Title Company: TRCS
Offer made: 4/26/2021
Offer accepted: 4/26/2021
Sent to ROFR: 5/3/2021
Passed ROFR: 5/24/2021
Estoppel Received: 6/9/2021
Closing docs received: 6/10/2021 (afternoon)
Closing docs returned: 6/11/2021
Wired funds: 6/11/2021
Sellers closing docs returned: 6/11/2021 (date listed on deed)
Closing: ??????
Deed recorded: 6/15/2021
Contract Showing on Membership: 6/28/2021
Points in account: 6/30/2021
I called in, the CM asked when my closing date was, Then placed me on hold for 5-10min, and points were all loaded!


Total days: 65 days

 

[hhisc16]

Home Resort: HHI
Broker: https://www.****************.com/dvc-resale-experts-listings/
Title Company: Mason
Offer made: 5/6
Offer accepted: 5/6
Sent to ROFR: 5/7
Passed ROFR: 5/28
Closing docs received: 6/9
Closing docs returned: 6/9
Closing: 6/15
Deed recorded: 6/17
Contract Showing on Membership (new member): 6/28
Points in account: 6/30

Total Time from Offer to Points in Account: 54 days

This 2nd resale contract was much faster than my 1st this year.
Same title company but different broker.
Unsure why it was faster though.

 

[badeacon]

Home Resort: HHI
Broker: https://www.****************.com/dvc-resale-experts-listings/
Title Company: Mason
Offer made: 5/6
Offer accepted: 5/6
Sent to ROFR: 5/7
Passed ROFR: 5/28
Closing docs received: 6/9
Closing docs returned: 6/9
Closing: 6/15
Deed recorded: 6/17
Contract Showing on Membership (new member): 6/28
Points in account: 6/30

Total Time from Offer to Points in Account: 54 days

This 2nd resale contract was much faster than my 1st this year.
Same title company but different broker.
Unsure why it was faster though.

Congrats on getting your points in account

 

[Samita]

Home: AKV
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Titles
Offer made: 4/12/21
Offer accepted: 4/12/21
Sent to ROFR: 4/14/21
Passed ROFR: 5/7/21
Estoppel Received: ??
Closing docs received: 6/2/2021
Closing docs returned: 6/5/2021
Funds wired: 6/5/2021
Sellers closing docs returned: 6/2/2021
Closing: 6/16/2021
Deed recorded: 6/18/2021
Membership created & contract showing: 6/29/2021
Points in account: 6/30/2021

Total Time from Offer to Points in Account: 79 days

 

[kilik64]

Update!

Home Resort: SSR
Broker: www.dvcresalemarket.com
Title Company: Mason Title
Offer made: 5/16/2021
Offer accepted: 5/18/2021
Sent to ROFR:5/18/2021
Passed ROFR: 6/8/2021
Estoppel Received: 6/15/2021
Closing docs received: 6/15/2021
Closing docs returned: 6/15/2021
Sellers closing docs returned: 6/23/2021
Funds wired: 6/24/2021
Closing: 6/30/2021
Deed recorded: 7/1/2021
Contract Showing on Membership:
Points in account:

So close I can almost taste the many years of mickey bars and dole whips...!

Best guess on how long it will take to get at least the new member email with login info? Once I have that there is an email I can use to get the member ID and then start hounding them to get points loaded right?

 

[antib]

UPDATE:

Home: AUL
Broker: https://www.fidelityrealestate.com/
Title Company: First American
Offer made: 3/30/21
Offer accepted: 4/2/2021
Sent to ROFR: 4/6/2021
Passed ROFR: 5/3/2021
Estoppel Received: 5/12/2021
Closing docs received: 05/27/2021
Closing docs returned: 05/28/2021
Money Wired: 05/28/2021
Sellers closing docs returned: 06/11/2021
Closing: 06/23/2021
Deed recorded: 06/23/2021
Contract Showing on Membership:
Points in account:

When will this waiting end LOL

 

[kandlsutton]

And we are 3 for 3 passing ROFR.

Home: VGF
Broker: www.fidelityrealestate.com
Title Company: Mason Title
Offer made: 6/10/21
Offer accepted: 6/10/21
Sent to ROFR: 6/15/22
Passed ROFR: 7/01/21
Estoppel Received:
Closing docs received:
Closing docs returned:
Sellers closing docs returned:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

 

[bmscott]

Home: BWV
Broker: www.**********.com
Title Company: Mason
Offer made: 5/6/21
Offer accepted: 5/6/21
Sent to ROFR: 5/6/21
Passed ROFR: 5/28/21
Estoppel Received: ?
Closing docs received: 6/8/21
Closing docs returned: 6/9/21
Sellers closing docs returned: ?
Closing: 6/21/21
Deed recorded: 6/22/21
Contract Showing on Membership: 7/1/21
Points in account:

Just waiting on points!

 

[Sandisw]

Thank you to all who have posted the broker links. A reminder that it is required for all of them! If you can’t get it to work, please leave blank.

 

[macman123]

Home: VGF
Broker: https://www.**********.com/
Title Company: Mason
Offer made: 04/28/21
Offer accepted: 04/29/21
Sent to ROFR: 04/29/21
Passed ROFR: 05/18/21
Estoppel Received: ?
Closing docs received: 6/04/21
Closing docs returned: 6/29/21
Sellers closing docs returned:
Closing: 6/02/21
Deed recorded: -
Contract Showing on Membership: -
Points in account: