Closing Time!

[mindymouse01]

MA has to send info to MS with the contract info and sometimes it takes a day or two to show up.

Makes perfect sense. Thank you!

 

[tommcp516]

Home Resort: Boardwalk Villas BWV
Broker: www.**********.com
Title Company: Mason
Offer made: 01/23/22
Offer accepted: 01/23/22
Sent to ROFR: 01/25/22
Passed ROFR: 02/14/22
Closing docs received: 02/14/22
Closing docs returned: 02/15/22
Closing: 02/24/22
Deed recorded:02/25/22
Contract Showing on Membership (new member): 03/01/22
Points in account: 03/11/22

Days Total: 47

 

[JoeDisney247365]

Home Resort: Boardwalk Villas BWV
Broker: www.**********.com
Title Company: Mason
Offer made: 01/23/22
Offer accepted: 01/23/22
Sent to ROFR: 01/25/22
Passed ROFR: 02/14/22
Closing docs received: 02/14/22
Closing docs returned: 02/15/22
Closing: 02/24/22
Deed recorded:02/25/22
Contract Showing on Membership (new member): 03/01/22
Points in account: 03/11/22

Days Total: 47

You got your contract loaded in 4 days? Any tips haha I've been waiting a week and expect at least a week more!

 

[Flynn's Gal]

Updated:

Home Resort: Animal Kingdom Lodge
Broker: https://www.dvcmagicresales.com/
Title Company: First Reliable Transfers
Offer made: 11/27/21
Offer accepted: 11/29/21 - one amendment to the contract before sending to ROFR
Sent to ROFR: 12/8/21
Passed ROFR: 01/04/2022 (27 days to hear decision)
Closing docs received: 01/11/22
Closing docs returned: 01/20/22 (Was in quarantine so I couldn't get them notarized). On 2/2/22, according to the title agent, seller's docs hadn't been received from overseas, but the seller's address on the deed is FL.
Closing: No idea. No communication from title company.
Deed recorded: 2/14/22
Contract Showing on Membership: 3/1/22
Points in account: 3/12/22 (didn't call)

Days Total: 105

 

[JoeDisney247365]

This resale process is not for the faint of heart! If I didn't save a hundred dollars a point I would be losing my mind with this waiting game. Between ROFR and now the wait for the membership to be transferred, and next to get the points loaded, you really have to be patient. I'm not saying that I wouldn't buy another resale but it'll be awhile haha. Kind of reminds me of interior painting. Every year I'll paint a room in my house forgetting how much I dislike painting and then waiting a whole year to paint another room once the despise wears off!

 

[tommcp516]

You got your contract loaded in 4 days? Any tips haha I've been waiting a week and expect at least a week more!

I got my membership number 4 days after the deed was recorded because I was working with a DVC guide to purchase a direct AKV contract at the member discounted rate during the incentives that were ending on 3/2.

I doubt I would have gotten it assigned any sooner without the additional direct purchase.

 

[JoeDisney247365]

I got my membership number 4 days after the deed was recorded because I was working with a DVC guide to purchase a direct AKV contract at the member discounted rate during the incentives that were ending on 3/2.

I doubt I would have gotten it assigned any sooner without the additional direct purchase.

Ok thanks for the info! So in a similar situation I just bought direct at RIV but felt uncomfortable asking the guide to help with the resale purchase. I wasn't sure if he would be put off by it. Maybe I'll shoot him an email. My direct contract isn't even technically closed yet so maybe he would be able to help. I guess the worst he can say is no right.

 

[Lorana]

Update: Despite making an offer a month later on this one vs my AKV, this one closed first and is now first to appear on my account. Progress! I wonder how long it’ll take points to load.

Home Resort: Polynesian Villas & Bungalows (PVB)
Broker: www.dvcresales.com
Title Company: Mason Title
Offer made: 1/17/2022
Offer accepted: 11/17/2022 (0 days)
Sent to ROFR: 11/17/2022 (0 days)
Passed ROFR: 2/2/2022 (16 days)
Estoppel Received: 2/2/2022 (0 days)
Closing docs received: 2/2/2022 (0 days)
Closing docs returned: 2/4/2022 (2 days)
Seller returned closing docs: 2/24/2022 (22 days)
Closing: 2/28/2022 (4 days)
Deed recorded: 2/28/2022 (0 days)
Contract Showing on Membership: 03/13/2022 (13 days)
Points in account:

Days Total: 56 days and counting...
offer made to ROFR passing: 16 days
ROFR passing to closing: 26 days
closing to points in account: 14 days and counting...

 

[Brandon4Bama]

Final update:

Home Resort: Bay Lake Tower
Broker: https://www.dvcresalemarket.com/
Title Company: Magic Vacation Title
Offer made: 1/9/2022
Offer accepted: 1/9/2022
Sent to ROFR: 1/10/2022
Passed ROFR: 1/26/2022
Closing docs received: 2/4/2022
Closing docs returned buyer: 2/11/2022 (funds wired 2/11/2022)
Seller returned closing docs: 2/17/2022
Closing: 2/23/2022
Deed recorded: 2/25/2022
Contract Showing on Membership (new member): 3/13/2022 (My Birthday!)
Points in account: 3/14/2022 after contacting MS through chat

Days Total: 64

 

[John Gry]

Update #3 Closing and Deed

Home Resort: AKL
Broker:DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 01/30/2022
Offer accepted: 01/31/2022
Sent to ROFR: 02/01/2022
Passed ROFR: 02/24/2022
Estoppel Issued: 02/24/22
Closing docs received: 2/25/2022
Closing docs returned: 02/26/2022
Closing: 03/10/2022
Deed recorded: 03/14/2022
Contract Showing on Membership (new member):
Points in account:

 

[Lorana]

UPDATE: FINALLY CLOSED. Closing docs were delayed 21 days because there were 8 sellers, so they did a Power of Attorney so only one signature was needed, and it took 3 weeks to get the POA set up. You'd think that meant that would mean a fast turn around of closing docs, right? NOPE. But it's finally closed, and now I'm just waiting for the contract to appear and my points to get loaded.

Home Resort: Animal Kingdom Lodge (AKV)
Broker: www.dvcstore.com
Title Company: Mason Title
Offer made: 12/15/2021
Offer accepted: 12/17/2021 (2 days)
Sent to ROFR: 12/26/2021 (9 days)
Passed ROFR: 1/13/2022 (18 days)
Estoppel Received: ?
Closing docs received: 2/3/2022 (21 days)
Closing docs returned: 2/4/2022 (1 day)
Seller returned closing docs: 2/24/2022 (21 days)
Closing: 2/28/2022
Deed recorded: 3/1/2022
Contract Showing on Membership:
Points in account:

Days Total: 78 days and counting...
offer made to ROFR passing: 29 days
ROFR passing to closing: 46 days
closing to points in account: 3 days and counting...

I am slowly losing my mind over this contract, lol. I’m up to 90 days and still not appearing on my account, even though my PVB contract - which passed ROFR a month after this one but closed same day - appeared on my account on the 13th.

I was initially excited that I got a fully loaded contract (banked 2020, banked 2021 and all 2022 and beyond points) and for $42/point less than direct, but now I’m wishing I had paid the extra for direct. I’d have my points AND have unrestricted points.

Ah well. Here’s to hoping by publicly whining that maybe it’ll show up today.

Of course then it’s probably weeks till I have the points loaded, lol!

 

[JC1984]

Update:
Home Resort: AUL
Broker: DVC Resale Market
Title Company: First American
Offer made: 2/7
Offer accepted: 2/17
Sent to ROFR: 2/21
Passed ROFR: 3/15
Estoppel Issued: 3/15
Closing docs received:
Closing docs returned:
Closing:
Deed recorded:
Contract Showing on Membership (adding on points):
Points in account:

Days Total:

 

[Baileygina]

I am slowly losing my mind over this contract, lol. I’m up to 90 days and still not appearing on my account, even though my PVB contract - which passed ROFR a month after this one but closed same day - appeared on my account on the 13th.

I was initially excited that I got a fully loaded contract (banked 2020, banked 2021 and all 2022 and beyond points) and for $42/point less than direct, but now I’m wishing I had paid the extra for direct. I’d have my points AND have unrestricted points.

Ah well. Here’s to hoping by publicly whining that maybe it’ll show up today.

Of course then it’s probably weeks till I have the points loaded, lol!

I'm also waiting anxiously for a fully loaded contract to go through the process - I need to use or rent 407 points that will expire 7/31/22. This is my first contract so I'm scanning this board daily. I can see why you are losing your mind. I'm just in the ROFR process.

 

[snowy82]

hi everyone! i'm a newbie to DVC! my contract was just passed today. i'm so excited to be part of the magic!

First Update:
Home Resort: OKW
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 2/17
Offer accepted: 2/18
Sent to ROFR: 2/21
Passed ROFR: 3/15
Estoppel Issued: 3/15
Closing docs received:
Closing docs returned:
Closing:
Deed recorded:
Contract Showing on Membership (new member):
Points in account:

Days Total:

 

[bdoleary]

FINAL

Home Resort: BCV
Broker: https://www.**********.com/
Title Company: TRCS, Inc.
Offer made: 01/06/2022
Offer accepted: 01/07/2022
Sent to ROFR: 01/18/2022
Passed ROFR: 02/03/2022
Closing docs received: 02/17/2022
Closing docs returned: 02/17/2022 (Buyer) 02/25/2022 (Seller)
Closing: 02/28/2022
Deed recorded: 02/28/2022
Contract Showing on Membership (existing member same resort and UY): 03/14/2022
Points in account: 03/15/2022 (used chat to have points loaded)

Days Total: 68 days

 

[JC1984]

I'm also waiting anxiously for a fully loaded contract to go through the process - I need to use or rent 407 points that will expire 7/31/22. This is my first contract so I'm scanning this board daily. I can see why you are losing your mind. I'm just in the ROFR process.

The process is like being a first time parent vs. consecutive kids. First time is nerve racking and seems to take forever. This go around I am just chilling and like whatever. Congrats hope yours comes soon.

 

[dlam32]

Home Resort: VGC
Broker: http://www.dvc-resales.com/
Title Company: Mason Title and Escrow
Offer made: 2/20/2022
Offer accepted: 2/20/2022
Sent to ROFR: 2/21/2022
Passed ROFR: 3/14/2022
Closing docs received: 3/21/2022
Closing docs returned buyer: 3/21/2022
Closing docs returned seller: 3/22/2022
Closing: 3/28/2022
Deed recorded: 3/28/2022
Contract Showing on Membership (new member):
Points in account:

Days Total:

 

[Vandymit]

First Update:
Home Resort: Saratoga Springs
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 2/14
Offer accepted: 2/14
Sent to ROFR: 2/16
Passed ROFR: 3/12
Estoppel Issued: 3/12
Closing docs received:
Closing docs returned:
Closing:
Deed recorded:
Contract Showing on Membership (new member):
Points in account:

 

[snowy82]

Second Update:
Home Resort: OKW
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 2/17
Offer accepted: 2/18
Sent to ROFR: 2/21
Passed ROFR: 3/15
Estoppel Issued: 3/15
Closing docs received: 3/16
Closing docs returned:
Closing:
Deed recorded:
Contract Showing on Membership (new member):
Points in account:

Days Total:

 

[Lorana]

UPDATE: contract has finally appeared! No to wait for points!

PRIOR UPDATE: FINALLY CLOSED. Closing docs were delayed 21 days because there were 8 sellers, so they did a Power of Attorney so only one signature was needed, and it took 3 weeks to get the POA set up. You'd think that meant that would mean a fast turn around of closing docs, right? NOPE. But it's finally closed, and now I'm just waiting for the contract to appear and my points to get loaded.

Home Resort: Animal Kingdom Lodge (AKV)
Broker: www.dvcstore.com
Title Company: Mason Title
Offer made: 12/15/2021
Offer accepted: 12/17/2021 (2 days)
Sent to ROFR: 12/26/2021 (9 days)
Passed ROFR: 1/13/2022 (18 days)
Estoppel Received: ?
Closing docs received: 2/3/2022 (21 days)
Closing docs returned: 2/4/2022 (1 day)
Seller returned closing docs: 2/24/2022 (21 days)
Closing: 2/28/2022
Deed recorded: 3/1/2022 (1 day)
Contract Showing on Membership: 03/16/2022 (16 days)
Points in account:

Days Total: 91 days and counting...
offer made to ROFR passing: 29 days
ROFR passing to closing: 46 days
closing to points in account: 16 days and counting...