Closing Time!!

[allison plevrakis]

Hooray!!! Closed today and deed recorded!!!

Timeline:
April 3 Offer accepted
April 10 Sent for ROFR
May 4 Passed
May 27 Received closing docs
May 28 Closing docs with check returned
June 5 Closed
June 5 Deed recorded!

Soooo happy with DVC Resale Market and Magic Vacation Title.....super smooth....no phone calls necessary.....

Best of luck to all waiting!

Wow that's awesome, 9 weeks is amazing, mine was 16 weeks from offer to deed being recorded.

 

[allison plevrakis]

How long does it normally take for people purchasing resale to get a membership number after the deed has been recorded? Stressing...

10-12 business days, have you closed yet and if so on what day?

 

[allison plevrakis]

Can I ask what takes so long between passing ROFR and closing? Why another month? Could you have closed the next day or couple days later?

The estoppel process is taking on average 5 weeks, that's the next step after ROFR

 

[FSUSammy]

I sent back my closing docs yesterday to ***, they should receive them by tomorrow.

How long do you guys usually give before checking in with the title company to see if the sellers returned their docs? They gave them until the end of June to send their stuff but I'm hoping they are a bit more motivated than that to wait THAT long.

 

[Hendercx]

10-12 business days, have you closed yet and if so on what day?

Our closing date was June 2.

 

[Lakegirl]

I sent back my closing docs yesterday to ***, they should receive them by tomorrow.

How long do you guys usually give before checking in with the title company to see if the sellers returned their docs? They gave them until the end of June to send their stuff but I'm hoping they are a bit more motivated than that to wait THAT long.

What I did was wait till you expect they have your docs, send an email just to confirm they have yours and ask if they have heard back from the seller. That way you don't seem like a total pain and you can get an update.

 

[coastalhh]

The estoppel process is taking on average 5 weeks, that's the next step after ROFR

Has it always? I was looking at that as more of a small formality. I wonder why it is taking that long

 

[pangyal]

Has it always? I was looking at that as more of a small formality. I wonder why it is taking that long

No, it hadn't gotten to this point until about January of this year. Comparing my personal experiences, we had our closing documents in hand within a week of passing ROFR at the end of January. For the contract we just closed on, we passed ROFR at the end of April and received closing documents at the end of May.

 

[allison plevrakis]

Has it always? I was looking at that as more of a small formality. I wonder why it is taking that long

It sounds like Disney is trying to discourage resales by slowing down every step of the process. My broker also told me that Disney lost a bunch of employees and now they're left with a skeleton crew that doesn't have much experience. But my broker wasn't the best, so maybe she made that up, she was good at blaming others for mistakes she made.

 

[coastalhh]

It sounds like Disney is trying to discourage resales by slowing down every step of the process. My broker also told me that Disney lost a bunch of employees and now they're left with a skeleton crew that doesn't have much experience. But my broker wasn't the best, so maybe she made that up, she was good at blaming others for mistakes she made.

How do we get that job? I would love to sit there with my approval stamp and have at most 100 contracts a week to approve. What an easy job..and I get to live next to disney as well with free admission? Where do I sign up??

 

[Htide]

Here's my timeline

Timeline:
March 11 Offer accepted
March 14 Sent for ROFR
April 11 Passed
May 26 Closing docs with check sent
May 30 Closed
June 2 Deed recorded

While it was a long process we aren't planning on going anytime soon so it wasn't that big of a deel. Good luck to everyone else. I'll update when I see the points in my account.

 

[Starshine]

Our deed was recorded May 27th, and since I'm already a member I've been checking the DVC website every day to see when my points are going to appear. Nothing yet, but I'll post back as soon as they show up.

This morning the new contract number is showing on the website, BUT no points are loaded yet. Oh the suspense!!

 

[Starshine]

We have points, whoohoooooo!!!

Timeline:

February 25- Offer accepted
April 1- Passed ROFR
May 4- Received closing docs
May 11- Closed
May 27- Deed recorded
June 8- Points appeared in account on DVC website (existing member)

 

[dpjl]

Can I ask what takes so long between passing ROFR and closing? Why another month? Could you have closed the next day or couple days later?

not sure why it takes so long but that seems like the normal time frame at the moment. On the bright side I got my info from Disney much quicker thatn expected

 

[playjar]

We have points, whoohoooooo!!!

Timeline:

February 25- Offer accepted
April 1- Passed ROFR
May 4- Received closing docs
May 11- Closed
May 27- Deed recorded
June 8- Points appeared in account on DVC website (existing member)

Yea!! We are 2 days behind you. I thought about trying to call today, but sounds like it'll be better to just wait until tomorrow or Wednesday. I don't want to waste their time and call too soon. This gives me hope though! !

 

[chicagoshannon]

Got our membership packet today. I think that was only one week after we got our member number on the mail. The membership packet has our membership cards, DVC magnet, and a booklet with point/room charts for each resort.

 

[anmay27]

HI Chi-town Shannon. What was your timeline? I closed on 5/29 so trying to gauge what I should expect. Congrats!! Have you booked your trip or were you a member already?

 

[DisMom829]

So happy for you! Our time lines are very similiar. Ours was sent to ROFR ON 3/12 and recorded on 6/1. Hoping to change a cash stay for August to a DVC stay. So glad you were able to get what you wanted in November!!! It must feel wonderful after this whole process. Where are you staying?

We are staying at AKL Kidani Village, Savanna View.

And as an update, I received my DVC member packet today and my packet from ***.

 

[chicagoshannon]

HI Chi-town Shannon. What was your timeline? I closed on 5/29 so trying to gauge what I should expect. Congrats!! Have you booked your trip or were you a member already?

I don't remember dates but we closed on a Friday afternoon and our deed was recorded Monday. 2 weeks later we got our member number in the mail (that was last Monday). I was then able to call member services and get my club iD and key code to set up my account online. Today I got the actual member package in the mail.

I'm staying at Boardwalk Villas standard view room in a studio, in February. Haven't decide if we'll try to switch resorts at the 7 month mark yet.

 

[Starshine]

We had over two weeks from closing to the deed being recorded. What's interesting is that I emailed asking for a status update and the very next day the deed was recorded. I know others have reported similar situations so it seems like it often pays to gently ask for an update.