Closing Time!

[zachatak]

Does anyone know why there is a delay between adding a contract and then "loading" the points? It seems pointless to have multiple humans touch the paperwork twice when the number of points available should be obvious when a contract changes owners. I don't know that I've ever seen an official DVC answer on that.

 

[Sandisw]

Does anyone know why there is a delay between adding a contract and then "loading" the points? It seems pointless to have multiple humans touch the paperwork twice when the number of points available should be obvious when a contract changes owners. I don't know that I've ever seen an official DVC answer on that.

Two different divisions handle the steps. MA handles the actual transfer of contract from one owner to another.

MS has a few CMs who then handle the loading of points once MA does it’s part.

 

[zachatak]

Two different divisions handle the steps. MA handles the actual transfer of contract from one owner to another.

MS has a few CMs who then handle the loading of points once MA does it’s part.

I do question the DVC logic in this. It just seems like they could eliminate a ton of calls about loading points and make the process faster/simpler/better for members with one group/person handling a contract. Then again, who am I to question our membership overlords

 

[Sandisw]

I do question the DVC logic in this. It just seems like they could eliminate a ton of calls about loading points and make the process faster/simpler/better for members with one group/person handling a contract. Then again, who am I to question our membership overlords

Well you are dealing with both DVD and DVMC. It does seem like it could be done at the same time

 

[TerrorPigeon]

Home Resort: BWV
Broker: Fidelity
Title Company: Mason
Offer made: 8/3/21
Offer accepted: 8/4/2021
Sent to ROFR: 8/6/2021
Passed ROFR: 9/8/2021
Closing docs received: 9/8/2021
Closing docs returned Buyer: 9/8/2021
Closing docs returned Seller: 9/15/2021
Transfer of funds: 9/15/2021
Closing: 9/21/2021
Deed recorded: 9/22/2021
Contract Showing on Membership (existing member): 10/8/2021
Points in account:

Days Total:

Now, do I call to get the points added or just wait one more weekish? Oct UY with 106 banked points I need to used by 9/30/2022....

Wow. These latest deed recorded dates to contract showing having definitely been getting lower. Looking closer to 2-3 weeks now instead of 3-4 weeks. Might get my contract showing sooner than I thought as I had my deed recorded on 9/30.

 

[Sandisw]

Just a reminder to post the link to the broker if you want to ensure your post is not deleted. When you do that you ensure the filter it’s job for those not allowed.

Here are the current rules:

https://www.disboards.com/threads/p...-site-you-wish-to-mention-or-discuss.3821848/

 

[diskate10]

Sorry about that @Sandisw! Reposting with broker link:

Home Resort: BRV/WL
Broker: https://www.dvcmagicresales.com
Title Company: First Reliable Transfers, LLC
Offer made: 6/22/2021
Offer accepted: 6/23/2021
Sent to ROFR: 6/25/2021
Passed ROFR: ???
Closing docs received: 8/16/2021
Closing docs returned: 8/17/2021
Closing: 8/20/2021
Deed recorded: 9/8/2021
Contract Showing on Membership (new member): 9/30/2021
Points in account: 10/8/2021 (after a call to member services)

Days Total: 109

 

[DaveNan]

Home Resort: BWV
Broker: http://fidelityresales.com/
Title Company: Mason
Offer made: 8/3/21
Offer accepted: 8/4/2021
Sent to ROFR: 8/6/2021
Passed ROFR: 9/8/2021
Closing docs received: 9/8/2021
Closing docs returned Buyer: 9/8/2021
Closing docs returned Seller: 9/15/2021
Transfer of funds: 9/15/2021
Closing: 9/21/2021
Deed recorded: 9/22/2021
Contract Showing on Membership (existing member): 10/8/2021
Points in account: 10/10/21 (after phone call to MS)


Days Total: 68 days
Already booked a BW view studio next Sept before the banked points expire 9/30/22.

 

[jbreen2010]

Home Resort: BWV
Broker: http://fidelityresales.com/
Title Company: Mason
Offer made: 8/3/21
Offer accepted: 8/4/2021
Sent to ROFR: 8/6/2021
Passed ROFR: 9/8/2021
Closing docs received: 9/8/2021
Closing docs returned Buyer: 9/8/2021
Closing docs returned Seller: 9/15/2021
Transfer of funds: 9/15/2021
Closing: 9/21/2021
Deed recorded: 9/22/2021
Contract Showing on Membership (existing member): 10/8/2021
Points in account: 10/10/21 (after phone call to MS)


Days Total: 68 days
Already booked a BW view studio next Sept before the banked points expire 9/30/22.

2 weeks and 2 days for contract to show - that’s phenomenal!

 

[softballmom3]

Updated: Closed woohoo! I also received an email from the broker basically telling me don't call once the contract shows to get points loaded because Disney doesn't make any exceptions (I'm paraphrasing, and we all know I'm probably going to call haha!).

Home Resort: SSR
Broker: www.****************.com
Title Company: Mason Title
Offer made: 7/30/2021
Offer accepted: 7/30/2021
Sent to ROFR: 7/31/2021
Passed ROFR: 9/13/2021
Estoppel Received:?
Closing docs received:9/20/2021
Closing docs returned: 9/24/2021
Sellers closing docs returned:9/24/2021
Funds wired:9/28/2021
Closing: 10/8/2021
Deed recorded: 10/11/2021
Contract Showing on Membership:
Points in account:

 

[DaveNan]

Updated: Closed woohoo! I also received an email from the broker basically telling me don't call once the contract shows to get points loaded because Disney doesn't make any exceptions (I'm paraphrasing, and we all know I'm probably going to call haha!).

Interesting, I called yesterday and got my points loaded in less than 10 minutes and then made a reservation. I think calling before the contract appears is a waste, but once the contract is in your account if you have a pressing need to made a reservation.... I would call.

 

[diskate10]

Interesting, I called yesterday and got my points loaded in less than 10 minutes and then made a reservation. I think calling before the contract appears is a waste, but once the contract is in your account if you have a pressing need to made a reservation.... I would call.

Agree. I’d call! I waited about a week after my contract showed because I had heard that it can take a few days past when your membership shows for the contract to be found/points able to be loaded. But the call was quick and easy!

 

[DKZB]

So we just closed on our first contract yesterday. It is showing on the OCC website today.
It seems that it is taking 3-4 weeks to get a membership number and another week to receive your points.

I have a work event at the JW Marriott Bonnet Creek in early November and I was hoping to extend my stay by a few days with my family and TRY to get a DVC Villa last minute.

Any tips for expediting the process to hopefully get this done or am I likely out of luck?

 

[DaveNan]

So we just closed on our first contract yesterday. It is showing on the OCC website today.
It seems that it is taking 3-4 weeks to get a membership number and another week to receive your points.

I have a work event at the JW Marriott Bonnet Creek in early November and I was hoping to extend my stay by a few days with my family and TRY to get a DVC Villa last minute.

Any tips for expediting the process to hopefully get this done or am I likely out of luck?

In 2-4 weeks you should get an email saying "Welcome Home" and having some log-in specifics and a code. Create your account and then call Member Services (MS) 800-800-9800 option 1. Asks them to add your points to the account. Let them know you are trying to make an immediate reservation.

Typically Nov is peak DVC time. In general, ALL rooms are booked 4-5 months out. You might get lucky and find room someone cancelled late, but there usually are not many cancellations in the last 30 days due to DVC cancellation rules. Right now there a very few single nights showing in the system in Nov. Per site rules I can't get specific on availability.

 

[masupo]

Home Resort: OKW
Broker: https://www.fidelityrealestate.com/
Title Company: Mason Title
Offer made: 07/08/21
Offer accepted: 07/08/21
Sent to ROFR: 07/09/21
Passed ROFR: 08/10/21 (in a unique situation, Disney first took the contract on 07/30. Then they notified the broker that the seller has a second contract that passed, and they would be willing to waive this one as well. It's a reverse ROFR miracle!)
Closing docs received: 08/12/21
Closing docs returned buyer: 08/13/21
Closing docs returned seller: 09/07/21 (the sellers were traveling and took awhile to return their docs)
Funds wired: 09/07/21
Closing: 09/13/21
Deed recorded: 09/14/21
Contract Showing on Membership (existing member): 10/05/21
Points in account:

 

[TedS]

Afternoon. I'm trying to post my closing thread, just passed ROFR, but it keeps saying there's "SPAM like qualities" and not allowing the post. I copied standard format from the most recent post and modified for my contract. Any help would be appreciated. Thanks!

 

[Sandisw]

Afternoon. I'm trying to post my closing thread, just passed ROFR, but it keeps saying there's "SPAM like qualities" and not allowing the post. I copied standard format from the most recent post and modified for my contract. Any help would be appreciated. Thanks!

Try leaving the broker blank. Sometimes the links will do that for those new to the site and for those who had not posted much.

 

[TedS]

Attempt 2! Omitting the broker, which is funny as it's the board sponsor. Thank you Sandisw. Second resale contract for us so we are used to the long wait.

Home Resort: VGF
Broker:
Title Company: Magic Vacation Title
Offer made: 9/22/2021
Offer accepted: 9/22/2021
Sent to ROFR: 9/23/2021
Passed ROFR: 10/12/2021
Estoppel Received: 10/12/2021
Closing docs received:
Closing docs returned:
Sellers closing docs returned:
Funds wired:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

 

[princessmocha]

Final Updates!!!

Home Resort: BCV
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 7/11/2021
Offer accepted: 7/11/2021
Sent to ROFR: 7/12/2021
Passed ROFR: 8/13/2021
Estoppel received: 8/14/2021
Closing docs received: 8/16/2021
Closing docs returned: 8/20/2021
Funds wired: 8/20/2021
Sellers closing docs returned: 9/10/2021
Closing: 9/13/2021
Deed recorded: 9/15/2021
Membership created & contract showing: 10/5/2021
Points in account: 10/12/2021 (called to get added)
93 total days from offer to points in account

Home Resort: BCV
Broker: www,dvcstore.com
Title Company: Mason Title
Offer made: 7/27/2021
Offer accepted: 7/27/2021
Sent to ROFR: 7/28/2021
Passed ROFR: 8/25/2021
Estoppel received: 8/25/2021
Closing docs received: 9/1/2021
Closing docs returned: 9/8/2021
Funds wired: 9/7/2021
Sellers closing docs returned: 9/7/2021
Closing: 9/10/2021
Deed recorded: 9/13/2021
Membership created & contract showing: 10/3/2021
Points in account: 10/12/2021 (called to get added)
77 total days from offer to points in account

 

[ABE4DISNEY]

In the last leg....

ABE4DISNEY---$120-$21032-160-SSR-Feb-0/20, 0/21, 320/22, 160/23- sent 8/4/21, taken 8/25, not taken 9/10
Home: SSR
Broker: www.fidelityresales.com
Title Company: First American
Offer made: 7/28/21
Offer accepted: 7/28/21
Sent to ROFR: 8/4/21
Passed ROFR: 9/10/21
Closing docs received: 9/16/21
Closing docs returned: 9/20/21
Seller returned closing docs: 9/24/21
Closing: 9/28/21
Deed recorded: 9/29/21
Contract showing on Membership(existing member):
Points in account: (78 Days so far.....)