Closing Time!

[Georgia Disney Pops]

You have to have at least 10 posts to submit a link. I will add that to my reminder. Once you do, you can go back and add if you want!

Got it. Looks like the last couple of post got me over the 10 post mark.

Thank you.

 

[DVC Newb '23]

Mine is a resale. Is yours direct?

Historically both emails are sent within a few hours of each other, but over the last few weeks most people (if not all) are getting the activation code email and waiting multiple days to get the email with the Club ID, myself included. I needed to book a trip ASAP and waited as long as I could, but finally reached out via chat to get it expedited. I tried a few options and the one that worked was to say that I am not a member, since I technically didn't have an account yet, and it connected me to a guide who was able to reach out and get the info I needed in about 15-20 minutes. The extra advantage of that is that she offered to become my official guide so I can reach out to her with questions and get information on future sales/discounts if we want to pursue a direct contract in the future.

For you other question about the membership number for your second contract, I'm also curious what people have to say about that. We Just got our membership number on contract #1 this week while contract #2 was submitted for ROFR on 5/15.

 

[lilsonicfan]

Home resort: SSR
Broker: Fidelity https://www.fidelityrealestate.com
Title company: Mason https://www.masontitle.com/
Offer made: 4/5/2023
Offer accepted: 4/6/2023
contract signed: 4/8/2023
Sent to ROFR: 4/10/2023
Passed ROFR: 4/27/2023
Closing docs received: 5/1/2023
Closing docs returned: 5/1/2023
Funds wired: 5/2/2023
Closing: 5/12/2023
Deed recorded: 5/12/2023
Contract showing on membership (new): 5/31/2023 (activation email and Club ID email came about 6 hours apart)
points in account: still waiting

Days so far: 56 days so far
No points in account yet, tried this AM on chat but was told that if it's within the last 3 days that I activated, they can't help yet. I thought about saying that it had been more than 3 days, but I didn't. Maybe tomorrow LOL.

 

[Dizfam5]

Final update!

Home Resort: SSR
Broker: ******************
Title: Mason
Offer made: 4/12/2023
Offer accepted: 4/12/2023
Sent to ROFR: 4/12/2023
Passed ROFR: 5/2/2023
Closing docs received: 5/8/2023
Closing docs returned: 5/8/2023 (buyer)
Closing: 5/12/2023
Deed recorded:5/15/2023
Contract Showing on Membership:6/1/2023
Points in account:6/2/2023

Total days: 51 days.

100% recommend using the tips in the previous pages if you only receive one of your emails with the activation code and not club id.

Called MS to get points loaded and instantly showed.

 

[bookbabe626]

Update:

Home Resort: Beach Club
Broker: https://www.dvcresalemarket.com/
Title Company: https://magicvacationtitle.com/
Offer made: 4/29
Offer accepted: 4/29
Sent to ROFR: 5/1
Passed ROFR: 5/23
Closing docs received: 5/24
Closing docs returned: 5/24 (buyer)
Closing: 5/31
Deed recorded: 6/2
Contract Showing on Membership (new member):
Points in account:

Days Total:

Anyone know what the usual or average time is for the contract to show up on your dashboard if you are an existing member and you are adding a same UY, same people contract?

 

[accm]

Update:

Home Resort: Beach Club
Broker: https://www.dvcresalemarket.com/
Title Company: https://magicvacationtitle.com/
Offer made: 4/29
Offer accepted: 4/29
Sent to ROFR: 5/1
Passed ROFR: 5/23
Closing docs received: 5/24
Closing docs returned: 5/24 (buyer)
Closing: 5/31
Deed recorded: 6/2
Contract Showing on Membership (new member):
Points in account:

Days Total:

Anyone know what the usual or average time is for the contract to show up on your dashboard if you are an existing member and you are adding a same UY, same people contract?

What magic did you use to get closing documents so quickly from Magic Vacation Title? We passed ROFR May 17th and I'm still (im)patiently waiting for ours.

 

[lilsonicfan]

FINAL UPDATE

Home resort: SSR
Broker: Fidelity https://www.fidelityrealestate.com
Title company: Mason https://www.masontitle.com/
Offer made: 4/5/2023
Offer accepted: 4/6/2023
contract signed: 4/8/2023
Sent to ROFR: 4/10/2023
Passed ROFR: 4/27/2023
Closing docs received: 5/1/2023
Closing docs returned: 5/1/2023 (buyer)
Funds wired: 5/2/2023
Closing: 5/12/2023
Deed recorded: 5/12/2023
Contract showing on membership (new): 5/31/2023 (activation email and Club ID email came about 6 hours apart)
points in account: 6/2/2023

Total: 58 days.
Chatted again with MS - online chat - and they submitted a request for my points to be loaded, and they are now loaded!! I am SOOOOOO excited.

 

[Good Ol Gal]

FINAL UPDATE

Home resort: SSR
Broker: Fidelity https://www.fidelityrealestate.com
Title company: Mason https://www.masontitle.com/
Offer made: 4/5/2023
Offer accepted: 4/6/2023
contract signed: 4/8/2023
Sent to ROFR: 4/10/2023
Passed ROFR: 4/27/2023
Closing docs received: 5/1/2023
Closing docs returned: 5/1/2023 (buyer)
Funds wired: 5/2/2023
Closing: 5/12/2023
Deed recorded: 5/12/2023
Contract showing on membership (new): 5/31/2023 (activation email and Club ID email came about 6 hours apart)
points in account: 6/2/2023

Total: 58 days.
Chatted again with MS - online chat - and they submitted a request for my points to be loaded, and they are now loaded!! I am SOOOOOO excited.

Welcome Home!!

 

[HyperspaceMountainPilot]

Final Report!

Home Resort: Grand Floridian
Broker: https://www.**********.com/
Title Company: www.dvcclosings.com
Offer made: 4/17, with negotiations until 4/19
Offer accepted: 4/19
Sent to ROFR: 4/21
Passed ROFR: 5/12
Closing docs received: 5/15
Closing docs returned: 5/15 (buyer), 5/17 (seller)
Closing: 5/17 (ROFR waiver to close was 5 days, including a weekend!
Deed recorded: 5/17
Contract Showing on Membership (new member): 6/2
Points in account: 6/2 (I was initially told they weren't "ready to load" yet, but I persisted via chat and eventually they got loaded... normally I would wait but we were right at the 7m mark and I wanted to use home resort advantage).

Days Total: 50 (from offer acceptance, not certain if it should be acceptance or offer?)

Time from getting points to using all loaded points and borrowing points from 2024: < 1 hour.

Some of you may recall I was worried because I had naively accepted working with a title company that wasn't discussed here at all, but I had such a fantastic experience with Lynn at dvcclosings.com that we are already back in the ROFR queue on our next contract with her company.

 

[Kkrup]

Can someone explain the closing process? Is it an appointment, a phone call? I have only experienced closing on a home in person so this is very new to me. Thanks!

 

[EAHajd]

Update!

Home Resort: Saratoga Springs
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 9/1/22
Offer accepted: 9/1/22
Sent to ROFR: 9/6/22
Passed ROFR: 9/19/22
Closing docs received: 4/13/23
Closing docs returned: 5/2/23
Closing: 5/17/23
Deed recorded: 5/18/23
Contract Showing on Membership: 6/2/23
Points in account:

Just waiting on points to be added, but I figured I would call next week. So excited to use these points!

 

[Ashlotte]

Home Resort: Aulani
Broker: www.vacatia.com
Title Company: www.firstam.com
Offer made: 4/11/23
Offer accepted: 4/12/23
Sent to ROFR: 4/13/23
Passed ROFR: 5/1/23
Closing docs received: 5/18/23
Closing docs returned: 5/22/23
Closing: 6/2/23
Deed recorded: 6/2/23
Contract Showing on Membership:
Points in account:

Days Total:

Almost there! Closing now was a relief because the original paperwork said the closing would be in August, and when I checked with them last week, they mentioned mid-July.

 

[lilsonicfan]

Can someone explain the closing process? Is it an appointment, a phone call? I have only experienced closing on a home in person so this is very new to me. Thanks!

Generally speaking, what happens on offer acceptance is that both sides sign an agreement and the buyer pays a deposit that will be held by the title/escrow company; the contract is then sent off to Disney for ROFR. When it passes ROFR, the title company prepares closing documents which again the buyer must sign but the seller must also sign a set, typically in front of a notary. The seller's set of documents includes the actual deed transfer; this is what gets recorded by the authorities that do such things. The buyer sends funds to the title company. After the deed is recorded and the title company gets wind of it, they arrange for closing, which just means funds are transferred to the seller, less any adjustments, such as broker commission, etc. Then the deed is closed - but you still have to wait for Disney to set up an account and load in your points.

 

[BlueIsis]

Home Resort: Grand Californian
Broker: www.dvcresalemarket.com
Title Company: www.firstam.com
Offer made: 2/9/23
Offer accepted: 2/10/23
Sent to ROFR: 2/13/23
Passed ROFR: 3/2/23
Closing docs received: 5/5/23
Closing docs returned: 5/11/23 (Buyer)
Closing: 5/17/23
Deed recorded: 5/17/23
Contract Showing on Membership: 6/2/23
Points in account:

Days Total:

Just got off chat and they said my points "weren't ready to load yet." Sooooo impatient. It's not like these rooms stand open after the eleven month mark.

 

[KalamityJane]

Home Resort: Aulani
Broker: www.vacatia.com
Title Company: www.firstam.com
Offer made: 4/11/23
Offer accepted: 4/12/23
Sent to ROFR: 4/13/23
Passed ROFR: 5/1/23
Closing docs received: 5/18/23
Closing docs returned: 5/22/23
Closing: 6/2/23
Deed recorded: 6/2/23
Contract Showing on Membership:
Points in account:

Days Total:

Almost there! Closing now was a relief because the original paperwork said the closing would be in August, and when I checked with them last week, they mentioned mid-July.

I also have a vacatia/first am AUL contract and am impatiently waiting on ROFR. Did vacatia or first am tell you you passed ROFR?

 

[FFMickey]

Home Resort: Grand Californian
Broker: www.dvcresalemarket.com
Title Company: www.firstam.com
Offer made: 2/9/23
Offer accepted: 2/10/23
Sent to ROFR: 2/13/23
Passed ROFR: 3/2/23
Closing docs received: 5/5/23
Closing docs returned: 5/11/23 (Buyer)
Closing: 5/17/23
Deed recorded: 5/17/23
Contract Showing on Membership: 6/2/23
Points in account:

Days Total:

Just got off chat and they said my points "weren't ready to load yet." Sooooo impatient. It's not like these rooms stand open after the eleven month mark.

Wow, that’s a long time to wait for closing docs.

 

[sndral]

Can someone explain the closing process? Is it an appointment, a phone call? I have only experienced closing on a home in person so this is very new to me. Thanks!

Far less formal than closing on a home. Typically you’ll get an email from the title company w/ instructions & the documents you need to sign attached. As a buyer you’ll likely be able to e-sign & email them back, unless you are borrowing money to buy & if so you’ll need to have your mortgage docs notarized & mail them back. If you have questions you can call the title company, but there’s no appointments involved. If you decide to wire your money you’ll likely want to call the title co. to verify the wiring instructions & I’ve always requested that they confirm receipt of the funds when I wire.
I‘ve always just wired the funds at the same time that I’ve signed & returned the closing doc.s, but some people sign/send their closing doc.s back & then wait until the title company has received the seller’s doc.s to send funds.

 

[BlueIsis]

Wow, that’s a long time to wait for closing docs.

In all fairness; it was a delayed close. I had to wait for the seller to complete their vacation. In the meantime I was sweating the whole time since VGC prices had gone nuts in between passing ROFR and closing. I honestly wasn't sure that the seller wouldn't back out until it was done.

 

[Kkrup]

Far less formal than closing on a home. Typically you’ll get an email from the title company w/ instructions & the documents you need to sign attached. As a buyer you’ll likely be able to e-sign & email them back, unless you are borrowing money to buy & if so you’ll need to have your mortgage docs notarized & mail them back. If you have questions you can call the title company, but there’s no appointments involved. If you decide to wire your money you’ll likely want to call the title co. to verify the wiring instructions & I’ve always requested that they confirm receipt of the funds when I wire.
I‘ve always just wired the funds at the same time that I’ve signed & returned the closing doc.s, but some people sign/send their closing doc.s back & then wait until the title company has received the seller’s doc.s to send funds.

We have reached that point. They stated the sellers documents were expected back today. But now what happens? Do we just wait till we hear the deed is recorded?

 

[bookbabe626]

What magic did you use to get closing documents so quickly from Magic Vacation Title? We passed ROFR May 17th and I'm still (im)patiently waiting for ours.

Pixie dust and a great sales rep?