Closing Time!

[Nursemanit]

It depends on the title company. Who are you using? Mason is the fastest and Magic Vacation Title takes 2 weeks to get the paperwork out.

And one is more expensive ($200 more in some cases)

 

[Sandisw]

It has been a while but a reminder that when posting the broker it’s best to use the website link because it ensures the filter can do its job.

I hate to delete posts when names are used for sites that are not allowed.

 

[JoeDisney247365]

Home Resort: Aulani
Broker: https://www.fidelityrealestate.com
Title Company: First American Title
Offer made: 5/17/22
Offer accepted: 5/19/22
Sent to ROFR: 5/27/22
Passed ROFR: 6/22/22
Closing docs received: 6/30/22
Closing docs returned: 7/8/22
Closing: 7/18/22
Deed recorded: 7/18/22
Contract Showing on Membership (existing member): 8/8/22
Points in account: 8/10/22 (Loaded through chat on 1st attempt!)

Days Total: 85

My one and only post on this from start to finish. A positive experience all around and I got a great deal imo at $105pp.

 

[castle1]

I am in the process of selling one of my contracts. The title company received my closing documents 9 days ago. I contacted the title company to get an update on the closing. They said they are only waiting on the funds from the buyer, and they have reached out to the buyer as to when to expect funds. How soon are funds normally sent to title companies? Closing is scheduled in about 3 weeks. Thanks

 

[Sandisw]

I am in the process of selling one of my contracts. The title company received my closing documents 9 days ago. I contacted the title company to get an update on the closing. They said they are only waiting on the funds from the buyer, and they have reached out to the buyer as to when to expect funds. How soon are funds normally sent to title companies? Closing is scheduled in about 3 weeks. Thanks

Many buyers will wait until they know a seller has sent in closing documents. However, since your documents are in, then the buyers are delaying for a different reason...but typically, they send either right away or as soon as they know they seller has completed the documents.

 

[castle1]

Many buyers will wait until they know a seller has sent in closing documents. However, since your documents are in, then the buyers are delaying for a different reason...but typically, they send either right away or as soon as they know they seller has completed the documents.

The title company said the only thing they needed to close are the funds. So hopefully, buyer sends the funds soon. Thank you for the reply!

 

[wdw4rfam]

Home Resort: PVB
Broker:
Title Company: Mason
Offer made: 6/29/22
Offer accepted: 6/29/22
Sent to ROFR: 6/30/22
Passed ROFR: 8/2/22
Closing docs received: 8/2/22
Closing docs returned: 8/4/22
Closing: 8/9/22
Deed recorded: 8/11/22
Contract Showing on Membership (new member):
Points in account:

 

[kmill99]

Home Resort: AKL
Broker: www.****************.com
Title Company: Mason
Offer made: 6/12/22
Offer accepted: 6/13/22 (1 Day)
Sent to ROFR: 6/14/22 (2 days)
Passed ROFR: 7/14/22 (32 days)
Closing docs received: 7/14/22 (32 days)
Closing docs returned: Buyer 7/19/22 (37 days) Seller 7/21/22 (39 days)
Closing: 7/21/22
Deed recorded: 7/22/22 (40 days)
New Membership email received: 8/9/22 (58 days)
Contract Showing on Membership (new member): 8/9/22
Points in account:

Days Total:

Updated.
Can't wait for the points to show up. No immediate urgency for us, so I am trying to let the process flow naturally... buuuuut..... if chat shows as available online I may just attempt to scratch this itch anyway.

 

[TerrorPigeon]

Update:

Home Resort: SSR
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 6/8/22
Offer accepted: 6/8/22
Sent to ROFR: 6/9/22
Passed ROFR: 7/7/22
Estoppel received: 7/7/22
Closing docs received: 7/18/22
Closing docs returned buyer: 7/18/22
Closing docs returned seller: ???
Closing: 7/21/22
Deed recorded: 7/25/22
Contract Showing on Membership (existing member): 8/12/22
Points in account:

Total Days: 65 so far

So close! Now just the last step of getting the points on that contract loaded.

 

[Nursemanit]

The title company said the only thing they needed to close are the funds. So hopefully, buyer sends the funds soon. Thank you for the reply!

Any good realtor would require deadlines to be written in the contract -Such as Buyer must wire funds within 2 business days of the seller returning paperwork.

I am waiting for a seller to return the paperwork and the Title company wants to give them 2 weeks ? This is a US buyer who had plenty of time to get the paperwork notarized. My money was wired and now I sit.

 

[mrsap]

UPDATE:

Home Resort: Saratoga Springs
Broker: Fidelity
Title Company: Mason Title
Offer made: 6/15/22
Offer accepted: 6/15/22
Sent to ROFR: 6/17/22
Passed ROFR: 7/25/22
Closing docs received: 7/26/22
Closing docs returned: 7/26/22
Funds Sent: 7/27/22
Closing docs mailed back (seller): 8/4/22
Closing docs received (seller):
Closing:
Deed recorded:
Contract Showing on Membership (Existing member):
Points in account:

UPDATE:

Home Resort: Saratoga Springs
Broker: Fidelity
Title Company: Mason Title
Offer made: 6/15/22
Offer accepted: 6/15/22
Sent to ROFR: 6/17/22
Passed ROFR: 7/25/22
Closing docs received: 7/26/22
Closing docs returned: 7/26/22
Funds Sent: 7/27/22
Closing docs mailed back (seller): 8/4/22
Closing docs received (seller): 8/10/22
Closing: 8/12/22
Deed recorded:
Contract Showing on Membership (Existing member):
Points in account:

 

[flute38]

Update

Home Resort: Animal Kingdom Villas
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 6/13/2022
Offer accepted: 6/14/2022 (1 day)
Sent to ROFR: 6/20/2022 (7 days)
Passed ROFR: 7/18/2022 (35 days)
Closing docs received: 7/20/2022 (37 days)
Closing docs returned: Buyer 7/20/2022 (37 days)
Closing: 8/12/2022 (60 days)
Deed recorded:
Contract Showing on Membership (Existing Member):
Points in account:

 

[sipnride]

OK it's official - we closed! Here's the update:

Broker - www.fidelityrealestate.com
Title Company - TRCS
Sent to ROFR - 5/17
Passed ROFR - 6/8
Elapsed Days (ROFR) ‐ 22 Days
Closing docs received: 6/28
Closing docs returned from buyer (me): 6/30
Closing docs notarized by seller (international-unclear when returned to TRCS): 7/5
Funds deposited: 7/22
Deed recorded: 7/25
Closing Confirmed: 7/26
Contract Showing on Membership (new member):
Points in account:
Days Total:

POINTS!

Broker - www.fidelityrealestate.com
Title Company - TRCS
Sent to ROFR - 5/17
Passed ROFR - 6/8
Elapsed Days (ROFR) ‐ 22 Days
Closing docs received: 6/28
Closing docs returned from buyer (me): 6/30
Closing docs notarized by seller (international-unclear when returned to TRCS): 7/5
Funds deposited: 7/22
Deed recorded: 7/25
Closing Confirmed: 7/26
Contract Showing on Membership (new member): 8/11
Points in account: 8/12
Days Total: 93

 

[AKVDisneyFan]

Third time's the charm for points .

FINAL UPDATE

Home Resort: PVB
Broker: www.DVCResalemarket.com
Title Company: Magic Vacation Title LLC
Offer made: 5/6
Offer accepted: 5/7
Sent to ROFR: 5/9
Passed ROFR: 5/28
Closing docs received (buyer): 6/20
Closing docs returned (buyer): 6/22, arrived through mail to title company 6/23
Closing docs returned (seller): ?
Closing: 7/11
Deed recorded: 7/13
Contract Showing on Membership (existing member, same membership #): 8/3
Points in account: 8/12
Days Total: 98

 

[UbieTinkinMon]

Update!

Home Resort: AKV
Broker: www.dvcstore.com
Title Company: Mason Title
Offer made: 06/03/2022
Offer accepted: 06/03/2022
Sent to ROFR: 06/03/2022
Passed ROFR: 07/02/2022
Closing docs received: 07/18/2022
Buyer Closing docs returned: 7/19/2022
Seller Closing docs returned: 07/20/2022
Funds Sent: 07/19/2022
Closing: 07/21/2022
Deed recorded: 07/18/0222
Contract Showing on Membership (new member): 08/10/2022
Points in account: 08/11/2022 (Called member services and requested points)

Days Total: 69 Days

 

[castle1]

Any good realtor would require deadlines to be written in the contract -Such as Buyer must wire funds within 2 business days of the seller returning paperwork.

I am waiting for a seller to return the paperwork and the Title company wants to give them 2 weeks ? This is a US buyer who had plenty of time to get the paperwork notarized. My money was wired and now I sit.

I'm sorry to hear that. I hope you don't have to wait much longer.

 

[erinkristen04]

We closed on the 29th, and have plans to book a February trip with the banked ‘21 points expiring at the end of that month. I know the dvc availability tool (https://tools.dvcvacations.com/points-calculator) supposedly isn’t accurate, but it’s showing less and less green availability for our dates. Meanwhile I’m just over here waiting for our membership to be created (and then to wait for points…ugh!). To be honest, it is starting to stress me out lol. I Feel like by the time I actually FINALLY get access to our points, there will be slim pickings for the rooms and we are going to be SOL with these expiring points.

Anyone else ever been in a similar situation and had it all work out? Any tips?

 

[StoweFoSho]

Final Update

Home Resort: Polynesian
Broker: www.dvcstore.com
Title Company: Mason
Offer made: 6/9/22
Offer accepted: 6/9/22
Sent to ROFR: 6/10/22
Passed ROFR: 7/5/22
Closing docs received: 7/8/22
Closing docs returned: Buyer 7/8/22, Seller ??
Closing: 7/25/22
Deed recorded: 7/26/22
Contract Showing on Membership: 8/11/22
Points in account: 8/12/22 added via Chat

Days Total: 64

 

[Xlkrum24]

POINTS!

Broker - www.fidelityrealestate.com
Title Company - TRCS
Sent to ROFR - 5/17
Passed ROFR - 6/8
Elapsed Days (ROFR) ‐ 22 Days
Closing docs received: 6/28
Closing docs returned from buyer (me): 6/30
Closing docs notarized by seller (international-unclear when returned to TRCS): 7/5
Funds deposited: 7/22
Deed recorded: 7/25
Closing Confirmed: 7/26
Contract Showing on Membership (new member): 8/11
Points in account: 8/12
Days Total: 93

Congrats! did you call/chat to get your Member info and points so fast? Your timing has me optimistic because we closed on 8/2 as new members!

 

[mrsap]

UPDATE:

Home Resort: Saratoga Springs
Broker: Fidelity
Title Company: Mason Title
Offer made: 6/15/22
Offer accepted: 6/15/22
Sent to ROFR: 6/17/22
Passed ROFR: 7/25/22
Closing docs received: 7/26/22
Closing docs returned: 7/26/22
Funds Sent: 7/27/22
Closing docs mailed back (seller): 8/4/22
Closing docs received (seller): 8/10/22
Closing: 8/12/22
Deed recorded: 8/15/22
Contract Showing on Membership (Existing member):
Points in account: