Closing Time!

[hhisc16]

After buying 2 resale contracts in 2021, we bought a small add on contract at our home resort (HHI) direct while at WDW in Dec.
The paper work came in the mail as literally paper. We had to sign and send back to lawyer (SC laws).
Points are in our account, but closing is not until later this month for some reason.
Thought it was interesting to see the experience as our first two contracts were resale and our direct add on was the only "paper" copy of everything!

 

[wdw4rfam]

Home Resort: OKW
BrokerDVCstore/ Timeshare store
Title Company:Mason
Offer made:11/4
Offer accepted:11/4
Sent to ROFR:11/16
Passed ROFR:12/12
Closing docs received:12/28
Closing docs returned:12/30 buyer, 1/14 seller
Closing:1/18
Deed recorded:1/19
Contract Showing on Membership 1/28
Points in account:

 

[KPeterso]

Apparently, the person handling our paperwork is out sick until next week and they have our closing already scheduled for mid March! I was hoping we would close within 3-4 weeks.

To say I’m disappointed is an understatement — especially after looking at other time frames from others on this thread. I emailed back to share that frustration and request a different closing agent — am I being unreasonable? Thanks for any feedback, I’m new to this!

It will most likely close long before March. My contract lists a close by date of 1/27 and I closed on 12/31 and points are already in my account as of yesterday. So closed almost a month early (and might have closed sooner if I had moved my money around my accounts a little sooner than I did - thought I had another week or so before I would get closing papers).

 

[Kcasey02]

That’s great to hear! I think things just moved sooo quickly (much faster than I expected) so hearing March felt so far out! I spoke with the title company and they were so kind — sounds like it will close much earlier than that too! To be honest, I’m looking at other potential contracts (as my husband laughs!) and hearing from Disney so quick on ROFR got me very excited to close the loop on this first one!

It will most likely close long before March. My contract lists a close by date of 1/27 and I closed on 12/31 and points are already in my account as of yesterday. So closed almost a month early (and might have closed sooner if I had moved my money around my accounts a little sooner than I did - thought I had another week or so before I would get closing papers).

 

[DonMacGregor]

Apparently, the person handling our paperwork is out sick until next week and they have our closing already scheduled for mid March! I was hoping we would close within 3-4 weeks.

To say I’m disappointed is an understatement — especially after looking at other time frames from others on this thread. I emailed back to share that frustration and request a different closing agent — am I being unreasonable? Thanks for any feedback, I’m new to this!

They always list the closing date well out to allow for paperwork to return and funding to complete. It can and will close much sooner than that.

 

[WxKristin]

Home Resort: Copper Creek Villas (CCV)
Broker: https://www.*************.com
Title Company: Mason Title (Marcello)
Offer made: 12/09/2021
Offer accepted: 12/10/2021 (1 day)
Sent to ROFR: 12/10/2021 (0 days)
Passed ROFR: 1/05/2022 (26 days)
Estoppel Received: ???
Closing docs received: 1/06/2022 (1 day)
Closing docs returned: 1/07/2022 (1 day)
Seller returned closing docs: still waiting (had injury and unable to get to notary)
Closing: expected 2/03/2022
Deed recorded:
Contract Showing on Membership:
Points in account:

Days Total: --
offer made to ROFR passing: 27 days
ROFR passing to closing: 28 days
closing to points in account:

 

[MickeyMice]

Final:

Home Resort: BCV
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 11/10/21
Offer accepted: 11/11/21
Sent to ROFR: 11/15/21
Passed ROFR: 12/6/21
Estoppel received: 12/6/21
Closing docs received: 12/15/21
Closing docs returned (buyer): 12/16/21
Closing docs returned (seller): unknown
Funds wired: 12/17/21
Closing: 12/21/21
Deed recorded: 12/29/21
Contract Showing on Membership (new member): 1/13/22
Points in account: 1/17/22

41 days from offer to closing, then 28 days from closing to points available (this was inflated by the holidays, plus my original deed had to be corrected, which cost a few days last week)

 

[Kcasey02]

Thank you! Newbie mistake on my part, I think I was taking everything too literally! Thankfully they were very kind and explained how it works to me.

Fingers crossed things keeping moving soon!

They always list the closing date well out to allow for paperwork to return and funding to complete. It can and will close much sooner than that.

 

[littlemichelle16]

So I got my activation code. When will I get my member ID?

 

[smmora]

I'm just waiting for my contract to appear

me too ..... it's so hard to wait

 

[ivieanne]

I'm just waiting for my contract to appear

Same! Our deed was recorded the same week as you!

 

[DonMacGregor]

Update:

Home Resort: Boulder Ridge
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 12/27/21
Offer accepted:12/27/21
Sent to ROFR:12/30/21
Passed ROFR: 1/14/22
Estoppel Issued: 1/14/22
Closing docs received: 1/17/22
Closing docs returned buyer: 1/19/22
Seller returned closing docs:
Closing:
Deed recorded:
Contract Showing on Membership (existing member):
Points in account:

Days Total:
Offer made to ROFR passing: 18 (including holidays)
ROFR passing to closing:
Closing to points in account:

 

[DonMacGregor]

Apparently, the person handling our paperwork is out sick until next week and they have our closing already scheduled for mid March! I was hoping we would close within 3-4 weeks.

Same agent here. She’ll be back the 26th, but they’ll still run paperwork that comes in.

 

[Lorana]

Starting this in the hopes that doing so means I'll get my closing docs today, LOL.

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:
Closing docs returned:
Seller returned closing docs:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

Days Total: 35 days and counting...
offer made to ROFR passing: 29 days
ROFR passing to closing: 6 days and counting...
closing to points in account:

 

[4vrdreamin]

Home Resort: Boulder Ridge
Broker: The DVC store
Title Company: Mason Title (Marcelo)
Offer made: 12/15/2021
Offer accepted: 12/15/2021
Sent to ROFR: 12/15/2021
Passed ROFR: 01/12/2022
Closing docs received: 01/12/2022
Closing docs returned: 01/12/2022
Closing docs returned by seller:
Closing:
Deed recorded:
Contract Showing on Membership (new member):
Points in account:

Days Total:

 

[Lorana]

Home Resort: Boulder Ridge
Broker: The DVC store
Title Company: Mason Title (Marcelo)
Offer made: 12/15/2021
Offer accepted: 12/15/2021
Sent to ROFR: 12/15/2021
Passed ROFR: 01/12/2022
Closing docs received: 01/12/2022
Closing docs returned: 01/12/2022
Closing docs returned by seller:
Closing:
Deed recorded:
Contract Showing on Membership (new member):
Points in account:

Days Total:

I’m a little jealous you already have your closing docs! I’ve never had such a long delay since passing ROFR and getting closing docs.

 

[4vrdreamin]

I’m a little jealous you already have your closing docs! I’ve never had such a long delay since passing ROFR and getting closing docs.

I'm a little jealous of your DVC portfolio!

 

[bbcapps]

Home Resort: Boardwalk
Broker: dvcstore.com
Title Company: Mason (Marcello)
Offer made: 11/26/2021
Offer accepted: 11/26/21
Sent to ROFR: 11/27/2021
Passed ROFR: 12/16/2021
Closing docs received: 12/29/21 (we never received them from Mason.. luckily dvcstore forwarded the email to us, dates on the documents were 12/24)
Closing docs returned: 12/30/21
Closing: 1/18/2022 (I emailed mason on the 17th for an update just being curious)
Deed recorded: 1/19/22
Contract Showing on Membership (new member): 1/28/22
Points in account: 1/29/22

Days Total: 56 and counting
Final Total: 64!

super anxious to get the Disney email to book our first trip on points

No better time than to get that e-mail while we were in Disney this weekend. Now to book our first trip without our daughter so we can truly enjoy EPCOT

 

[gregskellington]

Anyone had luck getting points loaded quickly with a call or anything? My new contract is showing now but no points. It has points expiring at the end of March so times a wasting. And of course there's a room available at my home resort right now four weeks out

 

[CaptainAmerica]

Anyone had luck getting points loaded quickly with a call or anything? My new contract is showing now but no points. It has points expiring at the end of March so times a wasting. And of course there's a room available at my home resort right now four weeks out

I'll let you know in 47 minutes (estimated).