Closing Time!

[Jwaire]

Were you able to get them to create your account and transfer ownership before you got any emails?

Yes. I was in a grace period for buying Saratoga Springs direct, so I needed a member number ASAP.

However, I have yet to get the points for my Poly resale.

 

[cmarsh31]

This is the first time I'm doing resale as an existing member. Does it take just as long, from deed recorded to Contract/Points loaded as a new member?

 

[Sandisw]

This is the first time I'm doing resale as an existing member. Does it take just as long, from deed recorded to Contract/Points loaded as a new member?

Yes. They do not speed up current owners over new members. It took 5 weeks last summer for mine to load and then 7 days to get the points loaded...and that was with calling.

 

[cmarsh31]

Home: AKV
Broker: https://www.fidelityrealestate.com/
Title Company: Mason Title
Offer made: 2/26/21
Offer accepted: 2/27/21
Sent to ROFR: 3/5/2021
Passed ROFR: 3/29/2021
Estoppel Received:
Closing docs received: 4/2/2021
Closing docs returned: 4/2/2021 (check sent 5/24/2021)
Sellers closing docs returned: 5/28/2021 (recvd 6/2)
Closing: 6/3
Deed recorded:
Contract Showing on Membership:
Points in account:

*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!

5/28 - I haven't hesitated to email and ask for updates. I was successful in getting the $195 admin fee covered by Fidelity/Seller (I don't care who pays it, as long as it isn't me). Knowing the existing reservation ends on Memorial Day, I returned final paperwork & check on Monday and seller confirmed sending closing docs via FedEx today.

 

[MissPixieDreamer]

I've already posted on the longer thread, but I'll post it here as well...

Home Resort: BCV
Broker: dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 4/14/2021
Offer accepted: 4/14/2021
Sent to ROFR: 4/16/2021
Passed ROFR: 5/10/2021
Estoppel Received: 6/02/2021
Closing docs received:
Closing docs returned:
Sellers closing docs returned:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

 

[GreyTami]

FINAL UPDATE

Home: CCV@WL
Broker: www.****************.com
Title Company: Mason Title
Offer made: 3/17/2021
Offer accepted: 3/24/2021
Sent to ROFR: 3/27/2021
Passed ROFR: 4/22/2021
Estoppel Received:
Closing docs received: 5/3/2021
Closing docs returned: 5/7/2021
Funds wired: 5/11/2021
Sellers closing docs returned: 5/10/2021
Closing: 5/18/2021
Deed recorded: 5/19/2021
Contract Showing on Membership: 6/1/2021 (existing member)
Points in account: 6/3/2021 (did not call)
Total days: 78 days

Not the 55 days we had for our first contract a few months ago, but pleased nonetheless!

 

[MissPixieDreamer]

One more step!!

Home Resort: BCV
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 4/14/2021
Offer accepted: 4/14/2021
Sent to ROFR: 4/16/2021
Passed ROFR: 5/10/2021
Estoppel Received: 6/02/2021
Closing docs received: 6/04/2021
Closing docs returned: 6/04/2021
Sellers closing docs returned:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

 

[cmarsh31]

Home: AKV
Broker: https://www.fidelityrealestate.com/
Title Company: Mason Title
Offer made: 2/26/21
Offer accepted: 2/27/21
Sent to ROFR: 3/5/2021
Passed ROFR: 3/29/2021
Estoppel Received:
Closing docs received: 4/2/2021
Closing docs returned: 4/2/2021 (check sent 5/24/2021)
Sellers closing docs returned: 5/28/2021 (recvd 6/2)
Closing: 6/3
Deed recorded:
Contract Showing on Membership:
Points in account:

*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!

5/28 - I haven't hesitated to email and ask for updates. I was successful in getting the $195 admin fee covered by Fidelity/Seller (I don't care who pays it, as long as it isn't me). Knowing the existing reservation ends on Memorial Day, I returned final paperwork & check on Monday and seller confirmed sending closing docs via FedEx today.

Home: AKV
Broker: https://www.fidelityrealestate.com/
Title Company: Mason Title
Offer made: 2/26/21
Offer accepted: 2/27/21
Sent to ROFR: 3/5/2021
Passed ROFR: 3/29/2021
Estoppel Received:
Closing docs received: 4/2/2021
Closing docs returned: 4/2/2021 (check sent 5/24/2021)
Sellers closing docs returned: 5/28/2021 (recvd 6/2)
Closing: 6/3
Deed recorded: 6/4!!!
Contract Showing on Membership:
Points in account:

Ugg. I should NOT have looked back at our 2017 Closing Time post... Closing to points in account (new account created!) was SEVEN days! Now I'm just hoping it's less than a month...

 

[momtwoboys]

on average after a closing how long does it take to get the proceeds as a seller? We closed 6/4 and they mentioned its another 4 weeks possibly? Is that true? or an overestimate?

 

[Jwaire]

Just closed on our first contract on 6/3, the title company said we would receive a welcome letter from Disney when the transfer is complete internally through regular mail? I see a lot of posts that you get an email containing the login information. I’m wondering since this is our first contract is that why we are told it will be through regular mail and not an email?

They're different. You need your login information (Club ID and activation code) to setup an account on the Web site. It will come via email. The welcome letter is just a letter with a magnet.

 

[covebarlove]

Home Resort: AKL
Broker: dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 5/14/21
Offer accepted: 5/14/21
Sent to ROFR: 5/15/21
Passed ROFR: 6/4/21
Closing docs received:
Closing docs returned:
Closing:
Deed recorded:
Contract Showing on Membership (new member):
Points in account:

Posting this again because of the link rules...excited for our first DVC contract!

 

[RunMagicalMiles]

I am curious how long is a reasonable time for my deed to post…my deal closed on Wednesday, 6/2. I know last week was a short week, but I was expecting to see it post by the end of Friday…

 

[haynecourt]

That's the shortest recording to points in account I've seen in a long time! Woohoo!

I was pleasantly surprised as well, I was told it won’t be for another week or two. Hope it will be the same for everyone going forward.

 

[Johnandrandi]

I am curious how long is a reasonable time for my deed to post…my deal closed on Wednesday, 6/2. I know last week was a short week, but I was expecting to see it post by the end of Friday…

We closed on May 25 and it didn’t post until June 1 but I guess one of those days was Memorial Day.

 

[tlm345]

Update:
Home Resort: SSR
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 4/11/2021
Offer accepted: 4/11/2021
Sent to ROFR: 4/14/2021
Passed ROFR: 5/07/2021
Estoppel received: 5/25/2021
Closing docs received: 5/26/2021
Closing docs returned: 5/28/2021
Seller closing docs returned: ?
Closing Date: 6/3
Deed recorded: 6/8
Contract Showing on Membership:
Points on Account:

So much waiting, but finally in the home stretch!

 

[Lee Matthews]

Ive sent back all of my closing documents/ closing costs to Mason for my AKL contract.

We have a closing date of the week of July 5th because the sellers have a trip booked.

Can they fill in and return their closing documents before the trip or do they have to wait until the trip is completed?

 

[hhisc16]

Home Resort: HHI
Broker: https://www.****************.com/
Title Company: Mason
Offer made: 5/6
Offer accepted: 5/6
Sent to ROFR: 5/6
Passed ROFR: 5/28
Closing docs received: 6/9
Closing docs returned: 6/9
Closing:
Deed recorded:
Contract Showing on Membership (new member):
Points in account:

Days Total:

 

[MissPixieDreamer]

Update!

Home Resort: BCV
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 4/14/2021
Offer accepted: 4/14/2021
Sent to ROFR: 4/16/2021
Passed ROFR: 5/10/2021
Estoppel Received: 6/02/2021
Closing docs received: 6/04/2021
Closing docs returned: 6/04/2021
Sellers closing docs returned: 6/9/2021
Funds wired: 6/9/2021
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

 

[Lorana]

Here I go again, passed ROFR and on to the closing wait!

Home: HHI
Broker: www.****************.com
Title Company: Mason
Offer made: 5/14/2021
Offer accepted: 5/15/2021 (1 day)
Sent to ROFR: 5/20/2021 (5 days)
Passed ROFR: 6/10/2021 (21 days)
Estoppel Received:
Closing docs received:
Closing docs returned:
Sellers closing docs returned:
Closing:
Deed recorded:
Contract Showing on Membership (new member):
Points in account:

TIME TOTAL: 27 days and counting...
offer to ROFR Passing: 27 days
ROFR passing to Closing: 0 days and counting...
Closing to Points in Account:

 

[MissPixieDreamer]

Finally closed!

Home Resort: BCV
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 4/14/2021
Offer accepted: 4/14/2021
Sent to ROFR: 4/16/2021
Passed ROFR: 5/10/2021
Estoppel Received: 6/02/2021
Closing docs received: 6/04/2021
Closing docs returned: 6/04/2021
Sellers closing docs returned: 6/9/2021
Funds wired: 6/9/2021
Closing: 6/10/2021 <--- 57 days from offer accepted
Deed recorded:
Contract Showing on Membership:
Points in account: