Closing Time!

[tom1944]

We received the documents for one the day after passing ROFR, but hadn’t heard about the 1st one that had passed 8 days prior. A quick email and the concierge team at www.DVCresalemarket.com CC’d the closing agent in, we got the docs that afternoon, closed two days later.

So a polite chase doesn’t hurt anyone!

Already emailed them

They are working as fast as they can I was told

 

[tom1944]

thanks - i politely chased her this morning and she told me within 14-21 days for closing docs! i know that's what they put in my email but 2-3 weeks is a long time compared to 1 day last year.

Told the same

 

[snowy82]

Told the same

the downside of the sleeping ROFR monster i guess! whatever waiting time i gained in passing i am making up in closing docs

 

[dis_hrnichs]

Anyone else who recently passed ROFR with DVC Resale still waiting on closing docs? I know it's only been 4-5 days, but I received them within a day of passing last year with my first contract. I'm eager because our 7 month window opens on 4/14....

We passed on 2/20 and just got closing docs today 3/1 from our title company - https://magicvacationtitle.com/

 

[snowy82]

We passed on 2/20 and just got closing docs today from our title company - https://magicvacationtitle.com/

ok, we are a few days behind you so fingers crossed by the end of the week!!!

 

[dis_hrnichs]

ok, we are a few days behind you so fingers crossed by the end of the week!!!

Like you I had reached out late last week asking if the docs would be sent and they told me they had 200+ contracts waived in a week so there is definitely a backup

 

[tom1944]

We passed on 2/20 and just got closing docs today 3/1 from our title company - https://magicvacationtitle.com/

I read their FAQ. It said buyers do not have to use a notary. Is that the experience that others have had?

 

[dis_hrnichs]

I read their FAQ. It said buyers do not have to use a notary. Is that the experience that others have had?

This is correct. I just did the closing documents today and the buyer paperwork does not require notary - only the seller.

 

[dis_hrnichs]

Home Resort: BRV
Broker: DVC Resale Market - https://www.dvcresalemarket.com/
Title Company: Magic Vacation Title - https://magicvacationtitle.com/
Offer made: 1/31/2023
Offer accepted: 1/31/2023
Sent to ROFR: 2/1/2023
Passed ROFR: 2/20/2023
Closing docs received: 3/1/2023
Closing docs returned: 3/1/2023
Closing:
Deed recorded:
Contract Showing on Membership (new member):
Points in account:

Days Total:

 

[Cfabar1]

I’m worried my seller is going to just take forever to close….

 

[Jayunit09]

I received my membership # yesterday around 1:00pm and still have not received a Pin # email. Is that normal?

Not a new member but same resort and UY

 

[E2ME2]

I read their FAQ. It said buyers do not have to use a notary. Is that the experience that others have had?

My documents indicated a notary needed, and fortunately I have that service available free at my bank, so we had our signatures notarized as we were getting the cashiers check for the funds. I will go back and ask the Title Company if this a hard requirement, just in case I think I might ever want to add on AGAIN!
I know we did not have to have our signatures notarized when adding on Direct through Disney.

 

[E2ME2]

UPDATED:

Home Resort: BWV
Broker: https://www.fidelityrealestate.com/
Title Company: Mason Title
Offer made: 2/1
Offer accepted: 2/3
Sent to ROFR: 2/10
Passed ROFR: 2/23
Closing docs received (buyer): 2/27
Closing docs returned (buyer): 2/28 (FedEx)
Closing docs returned (seller):
Closing:
Deed recorded:
Contract Showing on Membership (new member):
Points in account:
Total Days:

 

[CathoDad22]

Home Resort: BRV
Broker: DVC Resale Market - https://www.dvcresalemarket.com/
Title Company: Magic Vacation Title - https://magicvacationtitle.com/
Offer made: 1/31/2023
Offer accepted: 1/31/2023
Sent to ROFR: 2/1/2023
Passed ROFR: 2/20/2023
Closing docs received: 3/1/2023
Closing docs returned: 3/1/2023
Closing:
Deed recorded:
Contract Showing on Membership (new member):
Points in account:

Days Total:

11 days for closing docs... Ouch. I feel like I'm looking into my future.

 

[tom1944]

It looks like Mason is much quicker than Magic Vacation

 

[TinkAgainU]

I read their FAQ. It said buyers do not have to use a notary. Is that the experience that others have had?

I'm not sure what Aulani/Hawaii requirements are, but in Florida the only thing the Buyer is doing is signing the original contract and sending funds The reason so many Sellers delay, is they must have the Deeds notarized (although it looks like a virtual notary might be acceptable? If you have a loan, there will be additional documents that may need a notary.

 

[snowy82]

It looks like Mason is much quicker than Magic Vacation

i'm sure it's that they're slammed with all these contracts passing, but i'm anxious to get ours in time for the 7 month opening!

 

[CathoDad22]

i'm sure it's that they're slammed with all these contracts passing, but i'm anxious to get ours in time for the 7 month opening!

I just got a little insight from the concierge. Disney waived over 230+ contracts for dvcresalemarket last week! That’s why www.magicvacationtitle.com has a 14-21 wait for closing docs.

 

[Bethandoesdisney]

I just got a little insight from the concierge. Disney waived over 230+ contracts for dvcresalemarket last week! That’s why www.magicvacationtitle.com has a 14-21 wait for closing docs.

Holy macaroni!

 

[tom1944]

I just got a little insight from the concierge. Disney waived over 230+ contracts for dvcresalemarket last week! That’s why www.magicvacationtitle.com has a 14-21 wait for closing docs.

One of those was mine

I hope its closer to 14 than 21