Closing Time!

[TheSkis]

I'm flabbergasted lol...happy for you...but after my 4 month ordeal, stuff like this just astounds me. Less than 1 month from offer made to deed recorded, that's phenomenal.

It has gone way too smooth. hoping nothing jinx’s it. It must be first time buyer luck

 

[bakerr6]

Are there any tips to speeding this up?

My tip would be to use Mason title.

I'm currently using First American and the sellers are either slow on returning the docs or haven't received them yet. We are only 10 days in from ROFR so I think the current timeline is typical for them, but we are getting anxious as we want to use the points for a trip next March

 

[DonMacGregor]

My tip would be to use Mason title.

I'm currently using First American and the sellers are either slow on returning the docs or haven't received them yet. We are only 10 days in from ROFR so I think the current timeline is typical for them, but we are getting anxious as we want to use the points for a trip next March

The title company can make a huge difference. I'll only use Mason, and will pay extra if necessary to get them on the sale. Sellers returning docs is always the biggest X-Factor for me. Availability and access to a notary, getting all contract owners together to sign, etc. seems to cause the biggest delays.

 

[arich35]

If you are working with Magic Title Company and waiting on things, email them. Every time I email them about something they email back and said it was just done. I emailed them 20 min ago asking if we would hear when the deed was recorded and just now they said it was just recorded (6 days). On the 18th I was told we would be closing the next day, I waited until about 2:30 and emailed them on the 19th asking if the closing was still happening, 9 min later they emailed back saying they just closed it 20 min ago.

 

[Shelle88]

We're 15 days passed ROFR and using Mason. Sellers still haven't returned their docs.

 

[Sunnyore]

Home Resort: BCV
Broker: www.dvcstore.com
Title Company: Mason (not Cammy)
Offer made: 9/5/22
Offer accepted: 9/5/22
Sent to ROFR: 9/6/22
Passed ROFR: 9/21/22
Closing docs received: 9/27/22
Closing docs returned: 9/27/22
Closing: 10/5/22
Deed recorded: 10/6/22
Contract Showing on Membership: 10/22/22
Points in account: 10/25/22 (called in to MS)

Total days: 50 days

7th contract completed. Time to start buying gift cards to pay all these extra MFs I picked up this year

 

[Laurawill]

Final update!
Home Resort: BLT
Broker: https://www.dvcresalemarket.com/
Title Company: Magic Vacation Title
Offer made: 8/2/2022
Offer accepted: 8/2/2022
Sent to ROFR: 8/4/2022
Passed ROFR: 8/31/2022
Closing docs received: 9/3/2022
Closing docs returned: 9/7/2022 (all parties and funds received this date)
Closing: 9/15/2022
Deed recorded: 9/20/2022
Contract Showing on Membership (new member):10/19/2022 (emails at 10:45 and 12:45 PDT)
Points in account: 10/26/2022 (No extra prodding)
Days Total: 83

 

[Joel22]

I chased DVD as my contract was recorded a while ago now (Oct 7th). They said they received the documents from the title company however on Oct 11th. I thought they received them from the Orange County Controller, so would have had them on the 7th, not the 11th?

 

[PoptartsAndMickey]

I chased DVD as my contract was recorded a while ago now (Oct 7th). They said they received the documents from the title company however on Oct 11th. I thought they received them from the Orange County Controller, so would have had them on the 7th, not the 11th?

Did they give you an ETA? Mine was the 7th!

 

[Joel22]

Did they give you an ETA? Mine was the 7th!

Nope, literally said "a few weeks"

 

[Sandisw]

I chased DVD as my contract was recorded a while ago now (Oct 7th). They said they received the documents from the title company however on Oct 11th. I thought they received them from the Orange County Controller, so would have had them on the 7th, not the 11th?

Comptroller only records. The title company is who notifies MA that a sale has happened.

So it’ sounds like your click for the transfer with them starts the 11th.

 

[Curiousporpoise]

Home Resort: Aulani
Broker: www.*******.com
Title Company: Hayes Title
Offer made: 7/23/2022
Offer accepted: 7/23/2022
Sent to ROFR: 7/25/2022
Passed ROFR: 8/17/2022
Closing docs received: 9/13/2022 (changed title companies)
Closing docs returned: 9/13/2022
Closing: 9/30/2022
Deed recorded: 10/3/2022
Contract Showing on Membership (new member):10/26/2022
Points in account: 10/26/2022 (Called to make a reservation and the CM called Membership Services to add points)
Days Total: 95

 

[KansasCityMickey]

General question from a first time buyer: is there an actual benefit to withholding final payment until sellers return closing docs?

 

[LadybugsMum]

General question from a first time buyer: is there an actual benefit to withholding final payment until sellers return closing docs?

It can help speed up some sellers if they know they are the cause of any hold up. Also, I don't do it just in case the sellers miss the closing date and I need to back out of the sale. That way I have only sent in the deposit and not all of the money.

 

[leecrouse]

Home Resort: SSR
Broker: https://www.fidelityrealestate.com/
Title Company: Mason Title & Escrow (Cammy)
Offer made: 8/21/2022
Offer accepted: 8/23/2022
Sent to ROFR: 8/25/2022
Passed ROFR: 9/19/2022
Closing docs received: 9/20/2022
Closing docs returned (buyer): 9/21/2022
Closing docs returned (seller): ???? (Had to wait for notary appointment in Japan on 10/18/2022)
Funds sent: 9/21/2022
Closing: 10/28/2022
Deed recorded:
Contract Showing on Membership:
Points in account:

Days Total:

 

[LadybugsMum]

Sellers sent in their docs from overseas and I’ve set up the wire transfer.

Home Resort: VGF
Broker: https://www.*************.com/
Title Company: Mason
Offer made: 9/20
Offer accepted: 9/20
Sent to ROFR: 9/21
Passed ROFR: 10/8
Closing docs received: 10/13
Closing docs returned (buyer): 10/14
Closing docs returned (seller): 10/28
Closing funds sent: 10/28
Closing:
Deed recorded:
Contract Showing on Membership (existing member):
Points in account:

Days Total: 39 so far

 

[bakerr6]

Home Resort: SSR
Broker: https://www.fidelityrealestate.com/
Title Company: First American (Lucy Ochoa)
Offer made: 9/27/2022
Offer accepted: 9/27/2022
Sent to ROFR: 9/28/2022
Passed ROFR: 10/13/2022
Closing docs received: 10/17/2022
Closing docs returned: 10/17/2022 (buyer, 10/27/2022 seller)
Closing: 10/27/2022
Deed recorded: 10/28/2022
Contract Showing on Membership (new member):
Points in account:
Days Total: 30

We've been pleased with both places so far. We are still waiting on docs for another contract.

 

[Disdreaming479]

Home Resort: SSR 150
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 8/9/22
Offer accepted: 8/10
Sent to ROFR: 8/13
Passed ROFR: 9/5
Closing docs received: 9/12
Closing docs returned: 9/12 buyer
Closing docs returned: 9/13 seller
Closing: 9/16
Deed recorded: 9/16
Contract Showing on Membership (new member): 10/19
Points in account: 10/21

Days Total: 70

Home Resort: SSR 250
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 8/12
Offer accepted: 8/12
Sent to ROFR: 8/13
Passed ROFR: 9/5
Closing docs received: 9/12
Closing docs returned: 9/12 buyer
Closing docs returned: 10/3
Closing: 10/5
Deed recorded: 10/6
Contract Showing on Membership (new member): 10/28
Points in account: 10/28

Days Total: 78

70 & 78 days from start of rofr to points loaded

 

[leecrouse]

Home Resort: SSR
Broker: https://www.fidelityrealestate.com/
Title Company: Mason Title & Escrow (Cammy)
Offer made: 8/21/2022
Offer accepted: 8/23/2022
Sent to ROFR: 8/25/2022
Passed ROFR: 9/19/2022
Closing docs received: 9/20/2022
Closing docs returned (buyer): 9/21/2022
Closing docs returned (seller): ???? (Had to wait for notary appointment in Japan on 10/18/2022)
Funds sent: 9/21/2022
Closing: 10/28/2022
Deed recorded: 10/31/2022
Contract Showing on Membership:
Points in account:

Days Total:

 

[jessica9785]

5 days since we passed ROFR and still haven’t received closing docs from First American . Our last contract went so quickly with Magic Vacation Title it’s making it harder to be patient with this Title company.