Closing Time!

[hglenn]

My envy of others getting their closing docs is real. I should be a half month ahead of you... instead a half month and counting behind **sad face emoji**

And they still waited 24 days for closing docs.... that seems like a long time, too...

 

[clarker99]

And they still waited 24 days for closing docs.... that seems like a long time, too...

Hmm. I think the post has a typo in there on the date that ROFR passed. It is likely April 26th. So prob received docs the the same day.

 

[hglenn]

Hmm. I think post has a typo in there on the date that ROFR passed. It is likley the April 26th. So prob received them the same day.

Ah, yea, you're right... I didn't catch that. I think Mason is the title company that everyone raves about being so good, right?

 

[clarker99]

Ah, yea, you're right... I didn't catch that. I think Mason is the title company that everyone raves about being so good, right?

Yes. My last contract went through them and they were quick with everything.

 

[Sandisw]

Ah, yea, you're right... I didn't catch that. I think Mason is the title company that everyone raves about being so good, right?

They seem to get documents out faster than others. But once that happens, I have to say my experience with them was no better or worse than anyone else as it was seller or buyer dependent.

Last year, it took about 3 weeks for my seller and then because of the closure, it took another week to 10 days to close.

The one I sold had documents delayed with *** but they kept up with the buyer regularly to get things signed and that one actually closed the same time as the one with Mason.

 

[clarker99]

They seem to get documents out faster than others. But once that happens, I have to say my experience with them was no better or worse than anyone else as it was seller or buyer dependent.

Last year, it took about 3 weeks for my seller and then because of the closure, it took another week to 10 days to close.

The one I sold had documents delayed with *** but they kept up with the buyer regularly to get things signed and that one actually closed the same time as the one with Mason.

IMO, bw the broker and title company, the only thing in their control is getting you the documents. Literally everything else falls on Disney and the buyer/seller. They are templated contracts and they have 30ish days to complete them bw the day the deposit is paid and rofr passes. Lets not pretend this is extensive work or crazy timelines.

 

[Sandisw]

IMO, bw the broker and title company, the only thing in their control is getting you the documents. Literally everything else falls on Disney and the buyer/seller. They are templated contracts and they have 30ish days to complete them bw the day the deposit is paid and rofr passes. Lets not pretend this is extensive work or crazy timelines.

My point was more that I have worked with a lot and while one may have been slower in getting me documents, they worked much harder to stay on my buyer to get things in than the company that got me the documents as a buyer the next day, but then was not to concerned to contact the seller to get there side done

 

[Mrsjoneslilac]

Final Update!!

Home Resort: Saratoga Springs
Broker: https://www.fidelityrealestate.com
Title Company: Mason
Offer made: 3/30/22
Offer accepted: 3/30/22
Sent to ROFR: 3/31/22
Passed ROFR: 4/26/22
Closing docs received: 4/26/22
Closing docs returned: 5/1/22 (buyer)
Closing: 5/20/22
Deed recorded: 5/23/22
Contract Showing on Membership (new member): 5/31/22
Points in account: 6/1/22

Days Total: 64! Not bad!


BTW…. I used the chat to try to get my points uploaded. They told me to call member services for help. That worked.

 

[mejones1115]

Final Update for our first contract...

Home Resort: AKV
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 03/24/2022
Offer accepted: 03/25/2022
Sent to ROFR: 03/28/2022
Passed ROFR: 04/22/2022
Closing docs received: 05/02/2022
Closing docs returned: 05/09/2022 (buyers)
Closing: 05/18/2022
Deed recorded: 05/23/2022
Contract Showing on Membership (new member): 05/31/2022
Points in account: 06/01/2022 (points added through chat)

Days Total: 69 days

We have our welcome home trip booked for September. Can't wait!!

 

[hglenn]

Final Update for our first contract...

Home Resort: AKV
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 03/24/2022
Offer accepted: 03/25/2022
Sent to ROFR: 03/28/2022
Passed ROFR: 04/22/2022
Closing docs received: 05/02/2022
Closing docs returned: 05/09/2022 (buyers)
Closing: 05/18/2022
Deed recorded: 05/23/2022
Contract Showing on Membership (new member): 05/31/2022
Points in account: 06/01/2022 (points added through chat)

Days Total: 69 days

We have our welcome home trip booked for September. Can't wait!!

Yeah! that's so exciting! I'm so jealous... waiting on my new member account... day 78....

 

[Azndjdude]

Final Update!!

Home Resort: Saratoga Springs
Broker: https://www.fidelityrealestate.com
Title Company: Mason
Offer made: 3/30/22
Offer accepted: 3/30/22
Sent to ROFR: 3/31/22
Passed ROFR: 4/26/22
Closing docs received: 4/26/22
Closing docs returned: 5/1/22 (buyer)
Closing: 5/20/22
Deed recorded: 5/23/22
Contract Showing on Membership (new member): 5/31/22
Points in account: 6/1/22

Days Total: 64! Not bad!


BTW…. I used the chat to try to get my points uploaded. They told me to call member services for help. That worked.

This gets me excited. I purchased a contract through fidelity and asked them to use Mason in hopes that it would be faster.

 

[Squirrel29]

Final

Home: AUL 160 pts
Broker: https://www.dvcresalemarket.com/
Title: First American
Offer made: 3/18
Offer accepted: 3/18
Sent to ROFR: 3/22 (4 days)
Passed ROFR: 4/14 (24 days)
Estoppel received: 4/14 (0 days)
Closing docs received: 5/3 (19 days)
Closing docs returned: 3/16 (13 Days)
Closing: 5/24 (8 days)
Deed recorded: 5/25 (1 days)
Contract Showing on Membership: 06/02 (8 days)
Points in account: 06/03 (1 Day)

total 77 days

 

[Mrsjoneslilac]

This gets me excited. I purchased a contract through fidelity and asked them to use Mason in hopes that it would be faster.

I think it would’ve been even faster, but my sellers were from Asia. Good luck with the rest of your wait. Almost there!

 

[Huskerpaul]

FINAL

Home Resort: BWV
Broker: https://*******.com
Title Company: TRSC, INC
Offer made: 3/27/2022
Offer accepted: 3/27/2022
Sent to ROFR: 3/28/2022
Passed ROFR: 4/28/2022
Closing docs received: 5/10/2022
Closing docs returned: 5/16/2022 (buyer)
Closing: 5/31/2022
Deed recorded: 5/18/2022
Contract Showing on Membership (new member): 5/31/2022
Points in account: 6/1/2022 (added via chat function 23 hours after initial email)

Days Total: 67

 

[clarker99]

Home Resort: BCV
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 4/16/2022
Offer accepted: 4/16/2022
Sent to ROFR: 4/17/2022
Passed ROFR: 5/17/2022 (issued estoppel also)
Closing docs received:
Closing docs returned:
Closing:
Deed recorded:
Contract Showing on Membership (existing member):
Points in account:

Days Total:

2-Months ago I had a contract go 59 days (offer to points in account). This one is gonna be 75+. Just makes zero sense that this cannot be sped up. In my ROFR email they are saying 21 business days to get the closing docs? How is that even possible? Lol. The docs should have been prepared after we paid the deposit and ready to go. It is just a template!

Home Resort: BCV
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 4/16/2022
Offer accepted: 4/16/2022 (0 days)
Sent to ROFR: 04/17/2022 ( 1 days)
Passed ROFR: 5/17/2022 (issued estoppel also) (30 days)
Closing docs received: 06/03/2022 (17 days)
Closing docs returned: 06/03/2022 (Buyer) (0 days)
Closing:
Deed recorded:
Contract Showing on Membership (existing member):
Points in account:

Welp, we received the closing docs today (about 10 days sooner than I was told, yay)... 48 days and counting. Fingers crossed the sellers do their thing ASAP. Slow and steady as they say.

 

[mejones1115]

Update on our 2nd contract...

Home Resort: AKV
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 04/27/2022
Offer accepted: 04/28/2022
Sent to ROFR: 04/29/2022
Passed ROFR: 05/25/2022
Closing docs received: 06/01/2022
Closing docs returned: 06/02/2022 (buyer)
Closing:
Deed recorded:
Contract Showing on Membership (new member):
Points in account:

Days Total:

We were told it would be 21 business days for our closing documents as they are very short staffed right now and trying to catch up. I e-mailed them back and asked if there was any way to expedite the process as we are trying to beat the 7 month mark to book a once in a lifetime trip for our kiddo with both sets of grandparents as this will be the last chance for this trip with everyone. They were able to get us the open escrow the same day and closing documents the next day. They are really trying to keep up with everything and we really appreciate their assistance in expediting everything for us. We also heard from our broker that our sellers have 2 contracts they are closing on and it shouldn't be too long for them to get everything back and they already banked the 2021 points for us just in case we get to close.

 

[dlam32]

FINAL Update

Home Resort: RIV
Broker: https://www.dvcresalemarket.com/
Title Company: Magic Vacation Title
Offer made: 3/14/2022
Offer accepted: 3/14/2022
Sent to ROFR: 3/16/2022
Passed ROFR: 4/7/2022
Closing docs received: 4/23/2022
Closing docs returned buyer: 4/25/2022
Closing docs returned seller: 5/3/2022
Closing: 5/5/2022
Deed recorded: 5/10/2022
Contract Showing on Membership (new member number to existing Club ID): ??Noticed contract listed under Points Summary Section on 5/22/22?? It may have been present sooner but I had not been looking Points Summary Section before 5/22. Have yet to receive email from Disney discussing activation.
Points in account: 6/3/2022

81 days total. Did not call member services to see how long it would take for points to land without prodding.

 

[GBC1]

Home Resort: BCV
Broker: https://www.fidelityrealestate.com
Title Company: First American Title Insurance
Offer made: 3/30/2022
Offer accepted: 3/30/2022
Sent to ROFR: 4/5/2022
Passed ROFR: 5/4/2022
Closing docs received: 5/10/2022
Closing docs returned: 5/10/2022 (mine), 5/25 (sellers)
Closing: 5/27/2021
Deed recorded: 5/27/2021
Contract Showing on Membership (new member): 6/6/22 (Had Chat on 6/6 was told to wait 24 hrs.)
Points in account: 6/7/22 (After 24 hrs. points not showing up. Called Accounting. Points in account in 5 minutes! )

 

[SpotMonkey]

Our first resale contract took 62 days from initial offer (Feb. 2022) to points in my account. We're on Day 82 of our current contract and we just closed. Add in another 20-30 days for the contract to show up and points added to my account and we'll hit the 100-day mark. Any and all points going forward will be probably be direct sales, I can't stomach this again. The experience the first time around was pretty good. I'm sensitive to the issues happening behind the scenes, but this time was very, very off-putting.

 

[hglenn]

Our first resale contract took 62 days from initial offer (Feb. 2022) to points in my account. We're on Day 82 of our current contract and we just closed. Add in another 20-30 days for the contract to show up and points added to my account and we'll hit the 100-day mark. Any and all points going forward will be probably be direct sales, I can't stomach this again. The experience the first time around was pretty good. I'm sensitive to the issues happening behind the scenes, but this time was very, very off-putting.

I'm with you... I keep reminding myself of the great deal I got (BWV) but it's dreadful... especially when you are trying to actually replace a cash reservation with a DVC stay for an upcoming trip. And it seems nothing pushes it along... I also feel bad for the sellers who have to wait so long to get their money. I know that my seller won't get funds until I notify the broker and title company that I have received the points... I'm on day 82, also, but we're just waiting on our new member account notification.