Closing Time!!

[EmilyDisFan]

Home: CCV
Broker: www.fidelityrealestate.com
Title Company: Mason Title
Offer made: 2/17/21
Offer accepted: 2/18/21
Sent to ROFR: 2/22/21
Passed ROFR: 3/15/21
Estoppel Received: ?
Closing docs received: 3/25/21
Closing docs returned: 3/29/21
Sellers closing docs returned:
Closing:
Deed recorded:
Membership created & contract showing:
Points in account:
Total Time from Offer to Points in Account:

Now over 2 weeks since the closing docs were sent and finally got the broker to confirm that no one has been able to get in contact with the seller. Bonnie said that she's called and emailed multiple times and now broker management has called. I'm assuming that means they haven't heard from the seller since the contract was signed on Feb 22nd. Per that contract, the closing has to be within 65 days of execution, which is April 27th. From my Google searching, it looks like the seller is in Nevada (so no international delay unless traveling).

Ugh, I was so excited for this deal. I really hope it doesn't fall through because I don't think I'll be able to get near that price if I try again now.

 

[ctc917]

My husband and I put in an offer for a Resale contract and it was accepted and now we wait. I have read some of the posts and I'm wondering if someone could tell me where or how I would find out the other dates so I can follow along where I am in this process. I do of course have the Offer Accepted date but I was wondering about ROFR, when seller's docs were returned, deed recorded? Thanks for any help that you can give.

Thanks
ctc917

 

[Amyeliza]

So....I was sent my closing documents on Tuesday and followed up with the closing agent on Friday! I feel like I held out pretty long, LOL! I hope they don't take too long.

 

[Amyeliza]

My husband and I put in an offer for a Resale contract and it was accepted and now we wait. I have read some of the posts and I'm wondering if someone could tell me where or how I would find out the other dates so I can follow along where I am in this process. I do of course have the Offer Accepted date but I was wondering about ROFR, when seller's docs were returned, deed recorded? Thanks for any help that you can give.

Thanks
ctc917

I'm not sure if I understand your question. Once your offer is accepted, you will find a lot of activity on "
ROFR Thread April to June 2021" thread. You can follow along with those dates and record yours once they come across. After that happens, people jump to this board and continue to record their dates as they come in. Is that what you were asking? To get your dates, you have to ask your broker or title company if they don't offer them up in emails. I hope this helps.

 

[vicarrieous]

My husband and I put in an offer for a Resale contract and it was accepted and now we wait. I have read some of the posts and I'm wondering if someone could tell me where or how I would find out the other dates so I can follow along where I am in this process. I do of course have the Offer Accepted date but I was wondering about ROFR, when seller's docs were returned, deed recorded? Thanks for any help that you can give.

Thanks
ctc917

Once you have a signed agreement, the broker will send your paperwork to Disney for ROFR. You will hear if you pass from your broker and that would be that date.

Once you have passed ROFR you will get Closing docs from your title agent, that will be that date.

Then sometimes you hear and sometimes not when the seller returns their closing docs from your title agent. That would be that date.

Once you close you can check the county registrar website to find out when your deed is recorded. Typically that is same day or within a few days from closing.

 

[ctc917]

Thanks Vicarrieous that helps alot.

 

[Lexxiefern]

Final update!!

Home: VGF
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 1/27/21
Offer accepted: 1/27/21
Sent to ROFR: 1/28/21
Passed ROFR: 2/17/21
Estoppel Received: ?
Closing docs received: 3/4/21
Closing docs returned: 3/5/21
Sellers closing docs returned: ?
Closing: 3/22/21
Deed recorded: 3/24/21
Membership created & contract showing: 4/9/21
Points in account: 4/9/21 (showed up a few hours after the membership, did NOT call)
Total Time from Offer to Points in Account: 72 days

 

[Amyeliza]

Final update!!

Home: VGF
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 1/27/21
Offer accepted: 1/27/21
Sent to ROFR: 1/28/21
Passed ROFR: 2/17/21
Estoppel Received: ?
Closing docs received: 3/4/21
Closing docs returned: 3/5/21
Sellers closing docs returned: ?
Closing: 3/22/21
Deed recorded: 3/24/21
Membership created & contract showing: 4/9/21
Points in account: 4/9/21 (showed up a few hours after the membership, did NOT call)
Total Time from Offer to Points in Account: 72 days

I love that resort! Thanks for the info!

 

[Amyeliza]

Thanks Vicarrieous that helps alot.

I've found that once you have a contact with the title company, they are the best person get get information. My broker lagged behind several days.

 

[Lexxiefern]

I love that resort! Thanks for the info!

Me too! My husband surprised me with a small contract there after we were upgraded from a studio to a 2 bedroom last September!

 

[Amyeliza]

Me too! My husband surprised me with a small contract there after we were upgraded from a studio to a 2 bedroom last September!

He is a keeper!! That's so sweet!

 

[mommy2allyandaveri]

*found out 4/1 that closing will be delayed until end of May due to an undisclosed existing reservation* We were on track for a super-fast transaction!
*update again - we've now e-signed multiple addendums. Seller & broker will be covering the $195 Fidelity fee. Waiting to receive the new, updated closing docs with the new total, and delayed closing. Undisclosed reservation ends on 5/31, so hopefully early June for closing? DH is calling this the saga of never-ending e-docs.

I feel like this shouldn't be allowed. Seems like some sort of fraud to me.

Also, I have a question about this:

Contract Showing on Membership:
Points in account:

This is our first contract, will I get an email from DVC when my account is created?

 

[vicarrieous]

I feel like this shouldn't be allowed. Seems like some sort of fraud to me.

Also, I have a question about this:

Contract Showing on Membership:
Points in account:

This is our first contract, will I get an email from DVC when my account is created?

Yes, after you close and your deed is recorded the final paperwork goes to Disney for Member Administration to create you a member account and then load points. You will get two emails (member number & one time activation code)

 

[Element_of_Fun]

Reposting - previous entry was deleted because it did not contain the broker's website. The post I drafted originally contained the url, but the forum kept rejecting my submission. When I deleted the web address, I was able to upload my post. I still can't get a link to work no matter what I do. I get an Oops error every time. So here's my deets sans broker.

Home: CCV
Broker:
Title Company: First American
Offer made: 2/22/21
Offer accepted: 2/23/21
Sent to ROFR: 2/26/21
Passed ROFR: 3/16/21
Estoppel Received: 3/26/21
Closing docs received: 4/5/21 at close of business
Change requested to closing docs: 4/6/21
New closing docs received: 4/7/21
Closing docs returned: 4/7/21
Sellers closing docs returned: I reached out on 4/9 and learned that the sellers have completed the DocuSign paperwork, but still have the notarized ones to send in.
Closing: ???

 

[Lee Matthews]

Hypothetical Question.

I have seen a contract I'm interested in. The seller has a closing date of after July 1st. I assume that's because they have a trip booked before that.

How long does it take from closing to Points loaded? (I'm international)

Just working out timings because we plan to travel August 2022 which would put my 11 month booking at September 2021. Would July- September (2 months) be enough time to probably get things all complete?

 

[myth2001]

Hypothetical Question.

I have seen a contract I'm interested in. The seller has a closing date of after July 1st. I assume that's because they have a trip booked before that.

How long does it take from closing to Points loaded? (I'm international)

Just working out timings because we plan to travel August 2022 which would put my 11 month booking at September 2021. Would July- September (2 months) be enough time to probably get things all complete?

Probably 3-5 weeks from closing to points loaded. So you should be fine.

 

[twinmom108]

Finally this is the Final Post - ONLY TOOK 126 DAYS from offer acceptance to points in account.

Just a note: There were no pending vacations that would delay closing and sellers live in the U.S.

Offer made: 11/23/20
Offer accepted: 11/23/20
Sent to ROFR: 12/18/20
Passed ROFR: 1/14/21
Estoppel Received 2/8/21
Home: HH
Broker: https://www.fidelityrealestate.com/
Title Company: John L Wilson SC Law Firm, PA
Closing docs received: 2/9/21
Closing docs returned: 2/10/21
Sellers closing docs returned: 2/26/21
Closing: ??? Never notified & had to look up the deed recorded date myself
Deed recorded: 3/8/21
Contract Showing on Membership: 3/28/21
Points in account: 3/29/21

 

[UrsulaWantsYourSoul]

Finally this is the Final Post - ONLY TOOK 126 DAYS from offer acceptance to points in account.

Offer made: 11/23/20
Offer accepted: 11/23/20
Sent to ROFR: 12/18/20
Passed ROFR: 1/14/21
Estoppel Received 2/8/21
Home: HH
Broker: https://www.fidelityrealestate.com/
Title Company: John L Wilson SC Law Firm, PA
Closing docs received: 2/9/21
Closing docs returned: 2/10/21
Sellers closing docs returned: 2/26/21
Closing: ??? Never notified & had to look up the deed recorded date myself
Deed recorded: 3/8/21
Contract Showing on Membership: 3/28/21
Points in account: 3/29/21

Just wow. So happy for you the journey has come to an end!

 

[twinmom108]

Just wow. So happy for you the journey has come to an end!

Thank you!! It was really hard to wait that long. So long we missed out on booking a ressie because the 7 month marked opened for everybody. All is good though going forward and we're still Disney Dreamin'.

 

[Amyeliza]

Tomorrow will be a week from when our contract was sent out. I still haven't heard an update if the seller has submitted his documents. I'm pretty sure their wait sucks the most because it's based on how motivated the individual is to get his $$.