Anecdotally, I've purchased a resale contract that had 5 people on the deed. They were all in different states, so waiting on their signed documents was super long and painful, but we managed to close on the date in the contract. Definitely need the agents to be on top of it.
I had a similar situation so I had to wait almost 3 weeks for the seller to sign cause there was 5 of them and all of them had to get there papers notarized
That’s interesting you say that, Our first contract was an April UY. Our second contract was March UY and we didn’t receive an email or anything. It just showed up on our dashboard and now we’re waiting for our third contract to show up and it’s a March UY.
The new membership just showed up, and you can now just switch between memberships? Was the second contract purchased directly from DVC? If you bought directly from DVC, then they would have set it up.That’s interesting you say that, Our first contract was an April UY. Our second contract was March UY and we didn’t receive an email or anything. It just showed up on our dashboard and now we’re waiting for our third contract to show up and it’s a March UY.
At this point, I don’t really care how it shows up. I just need it to show up soon.
This is really what I am most worried about. I think I'm going to hold off till I at least get a closing date. I am seeing some as you mentioned, take up to 2 weeks once docs are in - if that's the case, I'll go ahead and just book. I'm still holding off some hope but not looking good. Thanks for responding!!The biggest risk (besides availability) I see is actually getting the points in your account in time for an end of June reservation. For the contract I'm waiting on right now, it took 2 weeks after closing documents were returned for the title company to get it finalized. I'm still waiting on points to hit the account (currently going on 2 1/2 weeks after closing with no known date in sight). So right now tracking over 4 1/2 weeks after the seller's returned documents for my contract. Note: Another title company that seems to have a bad reputation did closing 1 day after seller returned the documents. So lots of unknowns.
One thing I've done is book a reservation I need in August with points from another contract that doesn't have to be banked for a couple months. Since I have these points available in this use year, I'm basically holding my reservation, waiting for the new contract. Once the new contract is entered in the system, Member services told me I can transfer the contract points that will be expiring this use year to the other contract and then reallocate the points for that reservation. Hopefully what I said just made sense. If that's even an option for you (all depends on having extra points in this use year to hold the reservation on another contract), just something to consider. Hopefully all this madness of point reshuffling works out as Member services recommended.
Just got told all documents are in and closing tomorrow! Mentioned that deed is expected to be recorded on Monday.
That's very exciting news! So glad your title company is able to process it quickly.Just got told all documents are in and closing tomorrow! Mentioned that deed is expected to be recorded on Monday.
When I was renting points I would go to dvcreservations .com to check availability.
Yes I can just switch from either of them. All of my contracts are resale!
They are reputable, but they are also under the same corporate umbrella as the board sponsor.
I would imagine it's more that they generally do more closings than any other company, being that they are associated with World of DVC/board sponsor, so while I"m sure they know they aren't the fastest, I also don't know what they can do about it right now, when they are no doubt overwhelmed by the number of contracts. Things may even out a bit as Disney takes longer for ROFR, as summer hits, etc.
The very obvious thing they can do is hire more people. Taking 30 days to get closing docs is behind ridiculous when everyone else can do it in under 1 week.
