Closing Time!!

[E2ME2]

Updated: I do love how quickly Mason gets closing docs out! 2 days after ROFR, and closing docs received. Now waiting on seller to return so we can close!

Home: Saratoga Springs Resort (SSR) -- Small Resale Contract #2
Broker: FidelityResales.com
Title Company: Mason
Offer made: 9/5/2020
Offer accepted: 9/6/2020
Offer contract received and sent in with deposit: 09/11/2020
Seller returned offer contract: 09/14/2020
Sent to ROFR: 09/14/2020 (9 days)
Passed ROFR: 10/21/2020 (37 days)
Closing docs received: 10/23/2020 (2 days)
Closing docs returned: 10/23/2020
Seller returned closing docs:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

TIME TOTAL: 48 days and counting...
offer to ROFR: 46 days
ROFR passing to Closing: 2 days and counting...
Closing to Points in Account:


******
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)

In progress:
SSR Small Resale #2 - www.FidelityResales.com / Mason - 48 days so far, waiting for closing (offer made 9/5, sent to ROFR 9/14, passed ROFR 10/21)
HHI Small Resale - www.*******.com / Hayes Title - 36 days so far, waiting for ROFR (offer made 9/17, sent to ROFR 9/21)
VGC Small Resale #1 & #2 - www.FidelityResales.com / First American - 33 total days so far, waiting for ROFR (offer made 9/20, sent to ROFR 9/25)

Based on your ROFR date,I was so hoping to hear something this week (Mine was sent to ROFR on 9/16)
But Noooooo! I'm still waiting, although less patiently now, as each day passes with Radio-Silence from ROFR......

 

[Lorana]

Yeah agreed. They said it could take 2 weeks but literally 2 days later! Just got to hope the sellers are quick to return. Not going to lie I really want the points before the end of November (banking deadline) just in case the sellers forgot to bank the points like we asked. Then we'll have 170 points to rent out. That'll help pay for the first year's dues. Fingers crossed.

Hope they return quickly and the rest goes quickly for you!

 

[Lorana]

Lucky! I passed ROFR on the 19th, and have not received closing docs from Mason yet. The universe is testing my admittedly limited patience and impulse control. And here I thought I could handle the resale wait... not so much as it turns out

Congrats and here's to your sellers returning their papers quickly!

Oh no! Hopefully they get your closing docs to you on Monday!

 

[Lorana]

Based on your ROFR date,I was so hoping to hear something this week (Mine was sent to ROFR on 9/16)
But Noooooo! I'm still waiting, although less patiently now, as each day passes with Radio-Silence from ROFR......

The wait is always so painful! Here’s hoping you hear soon!

 

[Stargazer65]

Home: Saratoga Springs Resort (SSR)
Title Company: Magic Vacation Title
Sent: 8/20
Passed ROFR: 9/22
Closing: 10/6
Contract Showing on Membership: 10/23
Points in account: 10/25

All done, yay! About 2 months and a week from first offer to points in account.

 

[Cupcake232]

Home: Saratoga Springs Resort (SSR)
Title Company: Magic Vacation Title
Sent: 8/20
Passed ROFR: 9/22
Closing: 10/6
Contract Showing on Membership: 10/23
Points in account: 10/25

All done, yay! About 2 months and a week from first offer to points in account.

Wow! That seems like a record these days congrats!

 

[E2ME2]

I used to enjoy weekends more, before I entered into another DVC Contract!
Now it's just 2 days of knowing that I will not hear anything regarding the ROFR process.
Today I'm at 39 days in waiting...........................


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:
Closing docs received:
Closing docs returned:
Seller returned closing docs:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

 

[Stargazer65]

Wow! That seems like a record these days congrats!

Thanks. Yes, I was wondering if they will be speeding up the process again because dues will be soon due. I mean they can't collect dues in January if the contract and points aren't there, can they?

 

[Cupcake232]

Thanks. Yes, I was wondering if they will be speeding up the process again because dues will be soon due. I mean they can't collect dues in January if the contract and points aren't there, can they?

I hope your theory is correct!!! I have one waiting for ROFR and I’d love to close before December 1st. Watching the ROFR board is giving me little hope but seeing yours go so quickly, I’m hopeful!

 

[Grumpy by Birth]

Home: AKV
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 08/11/2020
Offer accepted: 08/11/2020
Sent to ROFR: 08/13/2020
Passed ROFR: 09/17/2020
Estoppel: 10/01/2020
Closing docs received: 10/01/2020
Closing docs returned: 10/03/2020
Seller returned closing docs: 10/03/2020
Closing: 10/06/2020
Deed recorded: 10/08/2020
Contract Showing on Membership: 10/23/2020
Points in account: 10/24/2020

 

[Stargazer65]

I have another theory that if you have immediate plans to use points for an upcoming planned vacation, everything goes slower. Sort of an inverse need law: the more you need the points, the slower they come. If you're in a real, real hurry then the sloths from zootopia are the ones loading your contract and points lol.

 

[E2ME2]

I have another theory that if you have immediate plans to use points for an upcoming planned vacation, everything goes slower. Sort of an inverse need law: the more you need the points, the slower they come. If you're in a real, real hurry then the sloths from zootopia are the ones loading your contract and points lol.

That theory has direct application in most things, based on my career !
One of my colleagues had a sign on her desk that read:
How BAD you want it determines how BAD you get it.
If you want it BAD; you get it BAD.
If you want it really really BAD; you get it really really BAD !
So, in the DVC resale hunt, we are the fox and the rabbit, and DVD are the sloths (I really enjoyed ZOOTOPIA)

 

[Lorana]

Home: AKV
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 08/11/2020
Offer accepted: 08/11/2020
Sent to ROFR: 08/13/2020
Passed ROFR: 09/17/2020
Estoppel: 10/01/2020
Closing docs received: 10/01/2020
Closing docs returned: 10/03/2020
Seller returned closing docs: 10/03/2020
Closing: 10/06/2020
Deed recorded: 10/08/2020
Contract Showing on Membership: 10/23/2020
Points in account: 10/24/2020

Wow! That was super fast from appearing to points. Did you call to get them loaded or did you get a bit of Magic there?

 

[Goofy4Pooh]

In the contract we recently purchased there were Use Year Points, Banked Points, and Points due to expire Nov 30th.
Our Contract showed up online Oct 19th.
Points were added to account on Oct 23rd.
I was so excited to book a quick November getaway. . . .
Unfortunately the points that were due to expire were not included
CM's at booking could not help and Member Administration is not taking calls now. You have to email them. We did and got an immediate response saying they would get back to use in 5 days!
More waiting.
Anyone else have this problem?

 

[Sandisw]

In the contract we recently purchased there were Use Year Points, Banked Points, and Points due to expire Nov 30th.
Our Contract showed up online Oct 19th.
Points were added to account on Oct 23rd.
I was so excited to book a quick November getaway. . . .
Unfortunately the points that were due to expire were not included
CM's at booking could not help and Member Administration is not taking calls now. You have to email them. We did and got an immediate response saying they would get back to use in 5 days!
More waiting.
Anyone else have this problem?

Are you talking about banked 2018 points that were extended? I bet it is because they didn’t actual extend an owners points, but rather gave them some of their own points to use to compensate the current owner,

Since technically, those points would have expired, they wouldn’t transfer to a new owner,

Now, that is not to say that you won’t get them to extend some to you, but I imagine that is why they are not there,

Good luck and keep us posted.

 

[Goofy4Pooh]

Are you talking about banked 2018 points that were extended? I bet it is because they didn’t actual extend an owners points, but rather gave them some of their own points to use to compensate the current owner,

Since technically, those points would have expired, they wouldn’t transfer to a new owner,

Now, that is not to say that you won’t get them to extend some to you, but I imagine that is why they are not there,

Good luck and keep us posted.

I see your point but they are listed in the contract so should be guaranteed. Hoping it's just an oversight. We will see.

Channeling Patience and Pixie Dust.

 

[poofyo101]

In the contract we recently purchased there were Use Year Points, Banked Points, and Points due to expire Nov 30th.
Our Contract showed up online Oct 19th.
Points were added to account on Oct 23rd.
I was so excited to book a quick November getaway. . . .
Unfortunately the points that were due to expire were not included
CM's at booking could not help and Member Administration is not taking calls now. You have to email them. We did and got an immediate response saying they would get back to use in 5 days!
More waiting.
Anyone else have this problem?

Since it is december use year it should not have to be extended right?

 

[Goofy4Pooh]

Since it is december use year it should not have to be extended right?

The contract we picked up had a September use year so pts would have expired August 30th without the extension.

 

[poofyo101]

The contract we picked up had a September use year so pts would have expired August 30th without the extension.

Got it. I would think they would probably not transfer.

 

[Sandisw]

I see your point but they are listed in the contract so should be guaranteed. Hoping it's just an oversight. We will see.

Channeling Patience and Pixie Dust.

Keep us posted for sure! But, most contracts have a clause to be paid for missing points so if the sellers sold you something they should not have, expired points, then there should be at least some recourse for you.