Closing Time!!

[HappyThoughtsTees]

Well aside from the sellers not returning their paperwork (which there is nothing controlling that). There is special tax paperwork the state has to sign off on which adds at least 2 weeks to get back from the state after estoppel is issued. Aulani is definitely not like WDW DVC where you can close shortly after estoppel is issued. Aulani takes a bit longer. Don’t be nervous about ROFR. Disney has never bought back an Aulani resale in the recent past so I think you will be fine as they are still trying to sell it. We are under a time crunch as we have 191 points expiring in August which we would love to get rented out and trip to Aulani we would love to get booked for January. So any delay feels like a hot iron. Good luck on your Aulani purchase I will update when I know anything.

I can’t complain to much we are still under 60 days. April 2nd will be 60. My mind will be busy this next week as my 3rd child will be born so no DVC thoughts for me.

Thanks for the info! Surprised our dvc broker didn't mention the extra tax paperwork. Our contract is totally stripped, no points until Dec 2022 so the timeline doesn't matter, but it's good to know/set expectations.
Fingers crossed they get it wrapped up for you soon.

 

[kandlsutton]

Home: AKV
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 1/23/21
Offer accepted: 1/23/21
Sent to ROFR: 1/28/21
Passed ROFR: 2/19/21
Estoppel Received: 3/8/21
Closing docs received: 3/11/21 after COB
Closing docs returned: 3/16/21
Sellers closing docs returned: 3/17/21?
Closing: 3/18/21
Deed recorded: 3/22/21
Contract Showing on Membership:
Points in account:

Searched Orange County comptroller site and found the deed was recorded today. Now anxiously waiting for contract and point to show up.

 

[vicarrieous]

Still quiet today. Crossing my fingers lots of movement for everyone this week!

 

[JC1984]

Still quiet today. Crossing my fingers lots of movement for everyone this week!

 

[Lexxiefern]

So we just got notification that we closed on our VGF contract today 3/22. We signed closing docs and wired funds on 3/5. Does this mean the sellers took awhile to return the docs? Looking at everyone’s timelines it seems that is a long lag time. Thanks!

 

[vicarrieous]

So we just got notification that we closed on our VGF contract today 3/22. We signed closing docs and wired funds on 3/5. Does this mean the sellers took awhile to return the docs? Looking at everyone’s timelines it seems that is a long lag time. Thanks!

That would be my guess. Seller's typically have a bit more to do with printing/notarizing/sending back documents so sometimes it takes them longer.

 

[CSLucas]

So we just got notification that we closed on our VGF contract today 3/22. We signed closing docs and wired funds on 3/5. Does this mean the sellers took awhile to return the docs? Looking at everyone’s timelines it seems that is a long lag time. Thanks!

We got our closing documents for a VGF contract on March 3 and are still waiting to close. I have been assuming it's because the seller hasn't sent his/her documents back.
Maybe we have the same seller

 

[JC1984]

We got our closing documents for a VGF contract on March 3 and are still waiting to close. I have been assuming it's because the seller hasn't sent his/her documents back.
Maybe we have the same seller

For people who are trying to make money seems like no one is in a rush

 

[UrsulaWantsYourSoul]

So we just got notification that we closed on our VGF contract today 3/22. We signed closing docs and wired funds on 3/5. Does this mean the sellers took awhile to return the docs? Looking at everyone’s timelines it seems that is a long lag time. Thanks!

I waited a week and then contacted the title company - any word from the seller yet? They checked in with the seller who had been in Hawaii but just returned and said they would pop them in the mail the next day. I like to be patient to a degree but then ask if either the title company or broker will poke the seller. . Last time they were in a different country on business. My sellers all seems to travel around closing dates. Haha.

 

[Lexxiefern]

That would be my guess. Seller's typically have a bit more to do with printing/notarizing/sending back documents so sometimes it takes them longer.

Ahh, this makes sense. Thanks for the info

 

[Lexxiefern]

We got our closing documents for a VGF contract on March 3 and are still waiting to close. I have been assuming it's because the seller hasn't sent his/her documents back.
Maybe we have the same seller

Haha! Maybe we do! It confuses me. Don’t people want their money?

 

[Lexxiefern]

I waited a week and then contacted the title company - any word from the seller yet? They checked in with the seller who had been in Hawaii but just returned and said they would pop them in the mail the next day. I like to be patient to a degree but then ask if either the title company or broker will poke the seller. . Last time they were in a different country on business. My sellers all seems to travel around closing dates. Haha.

I have another contract in ROFR right now. So if it passes, I will be sure to do this! I just figured sellers would sign their paperwork right away.

 

[Sandisw]

Haha! Maybe we do! It confuses me. Don’t people want their money?

Just be aware that some title companies are holding seller funds now until the actual transfer happens so they wait even longer. My sellers had to wait over 5 weeks after closing last summer because it was taking MA so long due to shutdown.

But, i have shared a lot, getting things notarized isn’t always as easy and now it’s even harder. So that can slow people down.

 

[CSLucas]

Just be aware that some title companies are holding seller funds now until the actual transfer happens so they wait even longer. My sellers had to wait over 5 weeks after closing last summer because it was taking MA so long due to shutdown.

But, i have shared a lot, getting things notarized isn’t always as easy and now it’s even harder. So that can slow people down.

Honestly I think the notary is what is holding mine up - the seller is in Spain and I imagine getting a DVC sale notarized probably doesn't qualify as "essential"

 

[Divaofdisney]

I passed ROFR on 3/1/21 and I am STILL waiting for closing documents. I checked with title company last week and they said they had everything ready to send me but were going in order of estoppel received and that I would have in plenty of time before 3/26 closing as is in my contract. it is getting very close to that. I think this is just way to long especially if they are ready to go then why hold it up??

 

[Sara Sharpe]

I passed ROFR on 3/1/21 and I am STILL waiting for closing documents. I checked with title company last week and they said they had everything ready to send me but were going in order of estoppel received and that I would have in plenty of time before 3/26 closing as is in my contract. it is getting very close to that. I think this is just way to long especially if they are ready to go then why hold it up??

That seems crazy to me! My title company told me the same thing though. I passed ROFR on 3/3, estoppel arrived 3/8 and I had papers 3/16.

 

[Sara Sharpe]

Update...

Home: SSR
Broker: www.fidelityresales.com
Title Company: First American
Offer made: 1/19/21
Offer accepted: 1/19/21
Sent to ROFR: 2/03/2021
Passed ROFR: 3/3/21
Estoppel Received: 3/8/21
Closing docs received: 3/16/21
Closing docs returned: 3/17/21
Sellers closing docs returned: 3/19/21
Closing: 3/23/21?
Deed recorded:
Contract Showing on Membership:
Points in account:

 

[vicarrieous]

Update...

Home: SSR
Broker: www.fidelityresales.com
Title Company: First American
Offer made: 1/19/21
Offer accepted: 1/19/21
Sent to ROFR: 2/03/2021
Passed ROFR: 3/3/21
Estoppel Received: 3/8/21
Closing docs received: 3/16/21
Closing docs returned: 3/17/21
Sellers closing docs returned: 3/19/21
Closing: 3/23/21?
Deed recorded:
Contract Showing on Membership:
Points in account:

Getting Closer!

 

[CSLucas]

I passed ROFR on 3/1/21 and I am STILL waiting for closing documents. I checked with title company last week and they said they had everything ready to send me but were going in order of estoppel received and that I would have in plenty of time before 3/26 closing as is in my contract. it is getting very close to that. I think this is just way to long especially if they are ready to go then why hold it up??

That definitely seems like cutting it close, especially since the sellers will have to line up a notary in order to complete their closing documents. I would definitely check in again

 

[Divaofdisney]

That definitely seems like cutting it close, especially since the sellers will have to line up a notary in order to complete their closing documents. I would definitely check in again

I agree 100% If I do not hear back today I will be reaching out again.