Closing Time!

[Huskerpaul]

Just received closing docs today. Am I too early to submit my entry to the thread? I'm so excited (first DVC purchase)!

You are in the right place. Congrats on your Poly purchase and, I'm betting, the bonus of access to the new Poly tower!

 

[Cintijen]

You are in the right place. Congrats on your Poly purchase and, I'm betting, the bonus of access to the new Poly tower!

That would be great but I am not holding my breath-- we bought knowing there was a strong possibility we wouldn't have access, so we are ok with it, but to have it be part of the same association would be amazing!

 

[Sandisw]

I have had to delete a few posts lately due to not following board guidelines for brokers.

We ask that you post a link…if you do not and use just a name and it is a blocked site…then your post will be deleted and all your hard work will be gone.

 

[dlam32]

Final Update

Home Resort: VGC
Broker: https://www.dvcresalemarket.com/
Title Company: American Title Insurance Company
Offer made: 3/28/2022
Offer accepted: 3/28/2022
Sent to ROFR: 3/30/2022
Passed ROFR: 4/27/2022
Closing docs received: 5/3/2022
Closing docs returned buyer: 5/6/2022
Closing docs returned seller: ?5/23/2022?
Closing: 5/24/2022
Deed recorded: 5/26/2022
Contract Showing on Membership (new member number to existing Club ID): 6/6/2022
Points in account: 6/11/2022 (loaded via chat, tried to wait it out but needed to book a reservation)
Total time: 75 days

 

[Princess Ploppy]

Home Resort: AKL
Broker: www.**********.com
Title Company: Mason Title
Offer made: 5/13/2022
Offer accepted: 5/13/2022 (0 days)
Sent to ROFR: 5/14/2022 (1 days)
Passed ROFR: 6/8/2022 (26 days)
Closing docs received: 06/08/2022 (26 days)
Closing docs returned: 06/08/2022 (26 days)
Funds sent: 6/10/22
Closing:
Deed recorded:
Contract Showing on Membership (existing member):
Points in account:

 

[pks_domer]

Home Resort: AKV
Broker: www.dvcsales.com
Title Company: Mason Title
Offer made: 5/3/22
Offer accepted: 5/3/22 (0 days)
Sent to ROFR: 5/3/22 (0 days)
Passed ROFR: 5/25/22 (issued estoppel also) (22 days)
Closing docs received: 5/25/22 (0 days)
Closing docs returned: 5/26/22 (1 day; docs from international seller 6/9/22)
Closing: 6/14/22 (scheduled)
Deed recorded:
Contract Showing on Membership (new member):
Points in account:

 

[Sandisw]

Closing

Resort. SSR
Broker www.DVCresale market.com
Contract sold March 8
Sent to ROfR March 10
Taken by Disney April 1st
Closing Documents May 20th
Documents returned...May 23rd
Deed recorded 5/31
Payment received approx. 6/8
Contract removed from account 6/13

Finally the process is complete! Definitely not a slow process, even when DVD is the buyer!!!

 

[varyth]

Home Resort: PVB
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 4/23
Offer accepted: 4/25
Sent to ROFR: 4/29
Passed ROFR: 5/25
Closing docs received: 6/10

Thanks for this data point! I'm working with the same broker and title company, and passed ROFR a few days after you. Hoping that I'll receive my closing docs soon.

 

[Cintijen]

Thanks for this data point! I'm working with the same broker and title company, and passed ROFR a few days after you. Hoping that I'll receive my closing docs soon.

I just returned our docs today and wired the funds... I'll keep you posted on the rest of the process. I hope you get your closing package soon!

 

[dmcfa2504]

We received our closing docs from Magic Title mid-last week and turned them around pretty immediately. How do you all know when the seller returned?

 

[clarker99]

I just returned our docs today and wired the funds... I'll keep you posted on the rest of the process. I hope you get your closing package soon!

Thanks for this data point! I'm working with the same broker and title company, and passed ROFR a few days after you. Hoping that I'll receive my closing docs soon.

We had the same broker/title company and closed on Friday. We rec’d closing docs 17 days after Rofr and we closed 7 days after all closing docs were returned (buyer and seller).

 

[clarker99]

We received our closing docs from Magic Title mid-last week and turned them around pretty immediately. How do you all know when the seller returned?

Send a msg to your title company rep and ask.

 

[dmcfa2504]

Send a msg to your title company rep and ask.

Thanks, I did send back a massage because I hadn't gotten confirmation the check got there (and it was a big check). So, maybe I'll wait a day before bothering them again.

 

[LadybugsMum]

We received our closing docs from Magic Title mid-last week and turned them around pretty immediately. How do you all know when the seller returned?

I make my transfer of funds contingent on the seller returning the documents to the title company. I return my docs in a timely manner, but wait until the seller has returned theirs before I transfer the closing funds.

 

[clarker99]

Thanks, I did send back a massage because I hadn't gotten confirmation the check got there (and it was a big check). So, maybe I'll wait a day before bothering them again.

We wired our final payment and they did send me an email that they received the payment and signed docs. I would like to assume you will receive an email when they get and deposit your cheque.

 

[DisMagicMa]

Home Resort: GCV
Broker: dvcresalemarket.com
Title Company: First American Title Ins Co
Offer made: 4/15
Offer accepted: 4/15
Sent to ROFR: 4/18
Passed ROFR: 5/18
Closing docs received: 5/24
Closing docs returned: 5/24
Closing: 6/15
Deed recorded: 6/14
Contract Showing on Membership (new member): 6/28
Points in account: 6/30 (through chat)

Days Total: 76 days

 

[Ashlotte]

Home Resort: Aulani (subsidized)
Broker: DVC Store
Title Company: Hayes Title, LLC
Offer made: 3/11/22
Offer accepted: 3/12/22
Sent to ROFR: 3/21/22 (9 days... seller did not return contract until this date)
Passed ROFR: 4/13/22 (23 days)
Closing docs received: 5/4/22 (21 days)
Closing docs returned, buyer: 5/5/22 (mailed, received 5/10/22)
Closing:
Deed recorded:
Contract Showing on Membership (new member):
Points in account:

Days Total:

Home Resort: Aulani (subsidized)
Broker: www.dvcstore.com
Title Company: Hayes Title, LLC
Offer made: 3/11/22
Offer accepted: 3/12/22
Sent to ROFR: 3/21/22 (9 days... seller did not return contract until this date)
Passed ROFR: 4/13/22 (23 days)
Closing docs received: 5/4/22 (21 days)
Closing docs returned, buyer: 5/5/22 (mailed, received 5/10/22)
Closing: ? nothing about this was said by resale or title company
Deed recorded: 5/16/22 (transfer deed sent to Hawaii, not deed of ownership)
Contract Showing on Membership (new member): 6/7/22
Points in account: 6/14/22 (via chat)

Days Total: 95

 

[RamblinWreck]

When you all have bought a resale contract in the same use year as the contract you already own, how long after closing did it usually show in your disneyvacationclub.com account?

 

[Sandisw]

When you all have bought a resale contract in the same use year as the contract you already own, how long after closing did it usually show in your disneyvacationclub.com account?

Its been about the same time as whatever others had been averaging. Anywhere from 2 to 4 weeks...

 

[Princess Ploppy]

Home Resort: AKL
Broker: www.**********.com
Title Company: Mason Title
Offer made: 5/13/2022
Offer accepted: 5/13/2022 (0 days)
Sent to ROFR: 5/14/2022 (1 days)
Passed ROFR: 6/8/2022 (26 days)
Closing docs received: 06/08/2022 (26 days)
Closing docs returned: 06/08/2022 (26 days)
Funds sent: 6/10/22 (28 days)
Closing: 6/16/22 (34 days)
Deed recorded:
Contract Showing on Membership (existing member):
Points in account:

Closed today!!! Super quick turnaround! Probably would have closed quicker but there was a delay in my funds being received because of the weekend