Closing Time!!

[Dustifer]

Just got word that we closed our first contract! We've had a really quick timeline so far, and hoping it will continue!

Home: BLT
Broker: DVCResaleMarket
Title Company: Magic Vacation Title
Offer Made/Accepted: 8/8/18
Passed ROFR: 8/22/18
Closing Docs Received: 9/4/18
Closing Docs Returned: 9/7/18
Closing: 9/12/18
Deed recorded: 9/13/18
Contract visible:
Points in my account:
Vacation booked:

 

[Carlymouse]

*UPDATE*

Home: SSR
Broker: DVCResaleMarket
Title Company: ***
Offer made: 7/20
Offer accepted: 7/20
Sent to ROFR: 7/20
Passed ROFR: 8/13
Closing docs received: 9/5
Closing docs returned: 9/5
Seller returned closing docs: 9/13
Closing: tbd
Deed recorded: tbd
Points in my account: tbd


Seller's closing docs are in! So excited!!

We had a seller back out on us in July after we had already agreed on a price and mailed in our escrow deposit. So we were nervous about this seller getting closing docs back in, especially after waiting almost 2 months for ROFR/Estoppel!

 

[JackArchie]

Home: AUL
Broker: Fidelity
Title Company: Timeshare Title Inc.
Offer Made/Accepted: 9/5/18
Sent to ROFR: 9/11/8
Passed ROFR: TBD
Closing Docs Received: TBD
Closing Docs Returned: TBD
Closing: TBD
Deed recorded:TBD
Contract visible:TBD

 

[LaneOT]

We got the closing docs last week on the 6th. So far I haven't heard a word of the sellers returning theirs. What seems a fair time frame for that?

 

[shairpdrh]

We got the closing docs last week on the 6th. So far I haven't heard a word of the sellers returning theirs. What seems a fair time frame for that?

The person I spoke to at my closing company told me he always estimates 2 weeks for the sellers to return their docs. I have no idea what that is based on and we are using First American and I think they are generous with their estimates. Hope you hear soon.

 

[Mumof4mice]

Home: BLT
Broker: Vacatia
Title Company: First Reliable
Offer made: 7/18
Offer accepted: 7/20
Sent to ROFR: 7/20
Passed ROFR: 8/21
Closing docs received: 8/24
Corrected closing docs received: 8/30
Closing docs returned: 8/31
Seller returned closing docs: 9/7
Funds Wired: 9/7
Closing:
Deed recorded:
Points in my account:

Almost, nearly, there.

 

[Mumof4mice]

Home: VGF
Broker: Vacatia
Title Company: First Reliable
Offer made: 7/26
Offer accepted: 7/27
Sent to ROFR: 7/27
Passed ROFR: 8/14
Closing docs received: 8/24
Corrected closing docs received: 8/30
Closing docs returned: 8/31
Seller returned closing docs: 9/13
Funds Wired: 9/13
Closing:
Deed recorded:
Points in my account:

Finally!! Like @Carlymouse and @NewbieMom , we were concerned about the seller backing out due to a previous contract failing to close. At long last, allowing ourselves to get excited ​

 

[NewbieMom]

Home: VGF
Broker: Vacatia
Title Company: First Reliable
Offer made: 7/26
Offer accepted: 7/27
Sent to ROFR: 7/27
Passed ROFR: 8/14
Closing docs received: 8/24
Corrected closing docs received: 8/30
Closing docs returned: 8/31
Seller returned closing docs: 9/13
Funds Wired: 9/13
Closing:
Deed recorded:
Points in my account:

Finally!! Like @Carlymouse and @NewbieMom , we were concerned about the seller backing out due to a previous contract failing to close. At long last, allowing ourselves to get excited ​

Congrats! That was such an awesome contract!

 

[silva086]

Update

Home: SSR
Broker: dvcsales
Title Company: First American
Offer Made/Accepted: 8/2/18
Passed ROFR: 8/21/18
Closing Docs Received: 9/4/18
Closing Docs Returned: 9/4/18
Seller Closing Docs Returned: 9/10/18
Closing and Deed Recorded: 9/14/18
Membership # Received: tbd
Points In My Account: tbd

 

[Carlymouse]

*UPDATE*

Home: SSR
Broker: DVCResaleMarket
Title Company: ***
Offer made: 7/20
Offer accepted: 7/20
Sent to ROFR: 7/20
Passed ROFR: 8/13
Closing docs received: 9/5
Closing docs returned: 9/5
Seller returned closing docs: 9/13
Closing: 9/15
Deed recorded: tbd
Points in my account: tbd

We got the call today that we closed! Woohoo!

 

[Loveallthingsmouse]

*UPDATE*

Home: Aulani
Broker: Fidelity
Title Company: Timeshare Title, Inc.
Offer Made/Accepted: 7/24/18
Contracts Received: 7/25/18
Sent To ROFR: 7/26/18
Passed ROFR: 8/14/18
Closing Docs Received: 8/22/18
Closing Docs Returned-Buyer: 8/24/18
Closing Docs Returned-Seller: 9/7/18
Closing:
Deed Recorded:9/10/18
Contract Visible: 9/16/18
Points In My Account:

 

[silva086]

*UPDATE*

Home: Aulani
Broker: Fidelity
Title Company: Timeshare Title, Inc.
Offer Made/Accepted: 7/24/18
Contracts Received: 7/25/18
Sent To ROFR: 7/26/18
Passed ROFR: 8/14/18
Closing Docs Received: 8/22/18
Closing Docs Returned-Buyer: 8/24/18
Closing Docs Returned-Seller: 9/7/18
Closing:
Deed Recorded:9/10/18
Contract Visible: 9/16/18
Points In My Account:

maybe this is a dumb question but what does "contract visible" mean? how will I know when my contract is visible?

 

[Loveallthingsmouse]

maybe this is a dumb question but what does "contract visible" mean? how will I know when my contract is visible?

We are current DVC members and added on. I went on to the DVC member page this morning and noticed that I could see the contract, but the points are not available yet.

 

[silva086]

We are current DVC members and added on. I went on to the DVC member page this morning and noticed that I could see the contract, but the points are not available yet.

ah I see, thanks! does anyone know how the process works for first time dvc buyers?

 

[JackArchie]

*UPDATE*

Home: Aulani
Broker: Fidelity
Title Company: Timeshare Title, Inc.
Offer Made/Accepted: 7/24/18
Contracts Received: 7/25/18
Sent To ROFR: 7/26/18
Passed ROFR: 8/14/18
Closing Docs Received: 8/22/18
Closing Docs Returned-Buyer: 8/24/18
Closing Docs Returned-Seller: 9/7/18
Closing:
Deed Recorded:9/10/18
Contract Visible: 9/16/18
Points In My Account:

Is this an international seller? Looks like closing went smoothly

 

[6bowmans]

7 weeks from offer made to points in my account:


Home: AKV
Broker: Garden Views Reality (Resales DVC)
Title Company: Jeffrey Sweet
Offer Made/Accepted: 7/29/18
Contracts Received: 7/30/18
Sent To ROFR: 7/31/18
Passed ROFR: 8/12/18
Closing Docs Received: 8/27/18
Closing Docs Returned-Buyer: 8/28/18
Closing Docs Returned-Seller: 8/31/18
Closing: 9/5/18
Deed Recorded:9/06/18
Contract Visible: ?
Points In My Account: 9/15/18

 

[Loveallthingsmouse]

Is this an international seller? Looks like closing went smoothly

No, they were not international. It did go smoothly, I wished the sellers would’ve returned docs sooner, but I’m sure I was in more of a hurry than them. It was very fast once they returned them. Hoping points will be loaded soon.

 

[silva086]

7 weeks from offer made to points in my account:


Home: AKV
Broker: Garden Views Reality (Resales DVC)
Title Company: Jeffrey Sweet
Offer Made/Accepted: 7/29/18
Contracts Received: 7/30/18
Sent To ROFR: 7/31/18
Passed ROFR: 8/12/18
Closing Docs Received: 8/27/18
Closing Docs Returned-Buyer: 8/28/18
Closing Docs Returned-Seller: 8/31/18
Closing: 9/5/18
Deed Recorded:9/06/18
Contract Visible: ?
Points In My Account: 9/15/18

how were you made aware points were in your account? were you a first time dvc buyer? what is the process like

 

[6bowmans]

how were you made aware points were in your account? were you a first time dvc buyer? what is the process like

I was already a DVC owner. However, I just happened to log into my account for another reason and saw the points in the account. Resales DVC and Jeffrey Sweet were very informative, letting me know when all the other milestones were met. Once they sent the deed to the Orange County comptroller, I did not hear anything from the comptroller office or from Disney - that's normal. The points could have been in my account earlier.

As far as the process goes, the process is the same: bid made/accepted, contracts signed and sent to Disney, Disney passes on ROFR, closing docs signed and money sent, deed sent to Orange County, DVC notified deed recorded, points entered into system. If Disney exercises their ROFR, the process ends there for the buyer. There can be lots of curve balls thrown into the process - that happens when dealing with humans - seller going through divorce proceedings, seller has cold feet, title company is overwhelmed/inexperienced/apathetic, the one gal/guy at DVC who processes ROFR is on vacation (presumably happens every August). It should take around two months- but YMMV.

 

[Mumof4mice]

how were you made aware points were in your account? were you a first time dvc buyer? what is the process like

If you're not in a hurry to make a booking and have the patience to wait, a welcome letter with your membership number should get to you about a month after closing and deed recording. If you're impatient like most of us, you can call member admin 10-14 days after closing (I think it's option 2 when you call the DVC number), quote the contract number (found in your contract or closing documents, or you can look it up in the OCC website) +/- they sometimes ask for the seller's names, and get your membership number. After getting your membership number, Member Admin will transfer you back to Member Services, where you can give them the membership number to get the access code for your online account. Once in your online account, you should be able to see the points, or points may show up a few days after. Have fun!