Closing Time!

[jolynne28]

FINAL UPDATE:

Home Resort: Boardwalk Villas
Broker: https://www.fidelityrealestate.com/
Title Company: First American
Offer made: 4/28/24
Offer accepted: 4/29/24
Sent to ROFR: 5/1/24
Passed ROFR: 5/20/24
Closing docs received: 5/29/24
Closing docs returned (buyer): 5/29/24
Closing docs returned (seller): 6/20/24
Funds wired: 5/29/24 (received confirmation funds arrived shortly thereafter)
Closing: 6/28/24
Deed recorded: 7/01/24
Contract Showing on Membership (existing member): 7/22/24
Points in account:7/23/24
Days total: 86

Immediately booked a 2 night BWV BV studio for next week. Did one of these short trips with the kids a couple weeks ago and it was so fun. Now to try and scrounge up our June reservation.

 

[tx911]

FINAL UPDATE:

Home Resort: Boardwalk Villas
Broker: https://www.fidelityrealestate.com/
Title Company: First American
Offer made: 4/28/24
Offer accepted: 4/29/24
Sent to ROFR: 5/1/24
Passed ROFR: 5/20/24
Closing docs received: 5/29/24
Closing docs returned (buyer): 5/29/24
Closing docs returned (seller): 6/20/24
Funds wired: 5/29/24 (received confirmation funds arrived shortly thereafter)
Closing: 6/28/24
Deed recorded: 7/01/24
Contract Showing on Membership (existing member): 7/22/24
Points in account:7/23/24
Days total: 86

Immediately booked a 2 night BWV BV studio for next week. Did one of these short trips with the kids a couple weeks ago and it was so fun. Now to try and scrounge up our June reservation.

Congrats!
I"m in a similar situation with seller. Going on 3rd week waiting for them to submit documents

 

[FrancisK7]

Home Resort: Riviera
Broker: http://www.dvcbyresale.com
Title Company: http://www.jsweetlaw.com
Offer made: 5/12/24
Offer accepted: 5/13/24
Sent to ROFR: 5/15/24
Passed ROFR: 6/17/24
Closing docs received: 6/18/24
Closing docs returned (buyer): 7/1/24; (seller) 6/24/24
Closing: 7/1/24
Deed recorded: 7/2/24
Contract showing on membership (existing): 7/22/24
Points in account: 7/24/24 (after contacting chat, they did it in real time)

Days Total: 73 in total

 

[OnlyTryingToDrownHer]

Home Resort: SSR
Broker: https://****************.com/
Title Company: https://www.masontitle.com/
Offer made: 6/8
Offer accepted: 6/10
Sent to ROFR: 6/11
Passed ROFR:
Closing docs received (buyer):
Closing docs returned (buyer):
Closing docs returned (seller):
Closing:
Deed recorded:
Contract Showing on Membership (existing member):
Points in account:

Total days: 14 (so far)

UPDATE #2

Home Resort: SSR
Broker: https://****************.com/
Title Company: https://www.masontitle.com/
Offer made: 6/8
Offer accepted: 6/10
Sent to ROFR: 6/11
Passed ROFR: 7/4
Closing docs received (buyer): 7/8
Closing docs returned (buyer): 7/9
Closing docs returned (seller): unknown
Closing: 7/24
Deed recorded: 7/25
Contract Showing on Membership (existing member):
Points in account:

Total days: 47 days (so far)

 

[Arr2-D2]

FINAL

Sorry for the delay getting the dates reported on the second contract below we've been on a road trip.


Home Resort: CCV (200 point contract)
Broker: https://www.dvcstore.com
Title Company: DVC Title and Escrow - Marcelo
Offer made: 5/22/24
Offer accepted: 5/22/24
Sent to ROFR: 5/23/24
Passed ROFR: 6/12/24
Closing docs received buyer: 6/13/24
Closing docs returned buyer: 6/13/24
Closing: 6/18/24
Deed recorded: 6/19/24
Contract Showing on Membership: 7/8/24
Points in account: 7/9/24 (late in the evening PST)

Days Total: 48



Home Resort: CCV (140 point contract)
Broker: https://www.fidelityrealestate.com
Title Company: DVC Title and Escrow - Cammy
Offer made: 5/21/24
Offer accepted: 5/21/24
Sent to ROFR: 5/23/24 (broker forgot to send contracts for signature)
Passed ROFR: 6/13/24
Closing docs received buyer: 6/13/24
Closing docs returned buyer: 6/13/24
Closing: 6/24/24
Deed recorded: 6/25/24
Contract Showing on Membership: 7/12/24
Points in account: 7/14/23 (It's possible it showed up late on 13th because I didn't check that night after dinner.)

Days Total: 54

 

[karen4546]

My documents had a printed date of 8.26.24 printed o them for me to sign. I signed them on 7.22.24 and wrote in that date.

They received our cashier’s check on 7.23.24 with signed documents. I was told they would email me when they received the docs and check but they did not.

Astrid at magicvacationtitle.com said their systems are down. Is this due to the Microsoft update?

 

[GeekRemix]

Home Resort: Animal Kingdom
Offer made: 6/5/24
Offer accepted: 6/5/24
Sent to ROFR: 6/6/24
Passed ROFR: 6/26/24
Closing: 7/03/24
Deed recorded: 7/03/24
Contract Showing on Membership (new membership):
Points in account:
Days total:

I think I got some of these dates wrong and I didn't want to give all my info out on the internet.

I am hoping to get the email soon comparing my closing and deed recording dates with others.

 

[VGCgroupie]

Home Resort: Animal Kingdom
Offer made: 6/5/24
Offer accepted: 6/5/24
Sent to ROFR: 6/6/24
Passed ROFR: 6/26/24
Closing: 7/03/24
Deed recorded: 7/03/24
Contract Showing on Membership (new membership):
Points in account:
Days total:

I think I got some of these dates wrong and I didn't want to give all my info out on the internet.

I am hoping to get the email soon comparing my closing and deed recording dates with others.

You can just post times. Like x amount of days for ROFR. X amount for closing.

 

[Tonyz]

Hi guys! I got a quick question as I restlessly wait for my activation email from Disney! I'm trying to figure out when I should be getting it based on closing date and deed recorded date.

My closing date is listed as 7/05
The timeshare deed recording is listed as 7/03
And I received an email about the recorded deed on 7/10

So when should I expect the wait in between deed recorded and contact showing on membership to have started? Thank you!

 

[tarheellovesdisney]

Hi guys! I got a quick question as I restlessly wait for my activation email from Disney! I'm trying to figure out when I should be getting it based on closing date and deed recorded date.

My closing date is listed as 7/05
The timeshare deed recording is listed as 7/03
And I received an email about the recorded deed on 7/10

So when should I expect the wait in between deed recorded and contact showing on membership to have started? Thank you!

We closed on 7/02 and the deed was recorded the same day. We received our email on 7/23 and our points were loaded the next day. So I would think any day now!

 

[lorimt]

Hi guys! I got a quick question as I restlessly wait for my activation email from Disney! I'm trying to figure out when I should be getting it based on closing date and deed recorded date.

My closing date is listed as 7/05
The timeshare deed recording is listed as 7/03
And I received an email about the recorded deed on 7/10

So when should I expect the wait in between deed recorded and contact showing on membership to have started? Thank you!

Looks like the current average wait is around 22 days from deed recording to points loaded.

I’m impatiently waiting with you on day 11 here……

 

[VGCgroupie]

Well another week passed and still not closed. At this point it feels like a cruel joke. I am so over it.

The title company has handled docs for 27+ days. Not the buyer, not the seller I excluded those days from the count just to prove how wildly inefficient this title company is. They have sucked almost all the joy out of this transaction.

 

[BrianLo]

Well another week passed and still not closed. At this point it feels like a cruel joke. I am so over it.

The title company has handled docs for 27+ days. Not the buyer, not the seller I excluded those days from the count just to prove how wildly inefficient this title company is. They have sucked almost all the joy out of this transaction.

I’m sure my contract is heading towards another 100 day closing

 

[VGCgroupie]

I’m sure my contract is heading towards another 100 day closing

View attachment 880265

This made my night

 

[MeridaMonkey]

UPDATE #2:

Home Resort: Bay Lake Tower
Broker: www.dvcsales.com
Title Company: DVC Title & Escrow
Offer made: 6/5/2024
Offer accepted: 6/5/2024
Sent to ROFR: 6/5/2024
Passed ROFR: 6/25/2024
Closing docs received: 6/25/2024
Closing docs returned (buyer): 6/25/2024
Closing docs returned (seller): 7/5/2024
Funds wired: 6/26/2024 (received confirmation funds arrived before I even left the bank )
Closing: 7/8/2024
Deed recorded: 7/9/2024
Contract Showing on Membership (existing member): 7/27/2024
Points in account: soon, hopefully!!!

Days Total: 52 so far

 

[juliebee]

As I'm reading through people's timelines in this thread, I have a question. It seems it takes 7 days-6 weeks for sellers to return the closing docs. Would you recommend waiting to wire the money until the seller sends the docs back? Also, if the seller is dawdling on returning the docs, are you allowed to walk away if you are the buyer? I haven't seen anyone say they've done that, so I was curious.

 

[VGCgroupie]

As I'm reading through people's timelines in this thread, I have a question. It seems it takes 7 days-6 weeks for sellers to return the closing docs. Would you recommend waiting to wire the money until the seller sends the docs back? Also, if the seller is dawdling on returning the docs, are you allowed to walk away if you are the buyer? I haven't seen anyone say they've done that, so I was curious.

There is typically a closing date set in the contract and they need to get them back by then I believe.

My 1st contract I sent the money when I signed my closing docs, my sellers were slow. My 2nd contract I told them once sellers returned their documents I would send my final payment. Which I am so glad I did. I didn’t have slow sellers this time but a slow title company. I earned a full month of interest on my $33,000 by waiting to send the funds.

 

[RuntheMouse]

As I'm reading through people's timelines in this thread, I have a question. It seems it takes 7 days-6 weeks for sellers to return the closing docs. Would you recommend waiting to wire the money until the seller sends the docs back? Also, if the seller is dawdling on returning the docs, are you allowed to walk away if you are the buyer? I haven't seen anyone say they've done that, so I was curious.

We are currently on our 5th resale contract. This is the first time we have had sellers who were slow to return closing docs. We’ve always sent our funds immediately because I didn’t want to be the one holding things up. On day 16 waiting on them now and I am very aware of the date in our contract that we have to close by. If that day comes I’m walking, this isn’t hard.

I’m really glad we don’t need these points because I’ve entered the irritated stage.

 

[BrianLo]

As I'm reading through people's timelines in this thread, I have a question. It seems it takes 7 days-6 weeks for sellers to return the closing docs. Would you recommend waiting to wire the money until the seller sends the docs back? Also, if the seller is dawdling on returning the docs, are you allowed to walk away if you are the buyer? I haven't seen anyone say they've done that, so I was curious.

There is a contracted closing date, which is often times like perhaps 8 weeks after you submit to ROFR. My 6 weeks the seller took they actually missed the contracted closing date by a day and I guess in that circumstance I could have walked, in a very messy fashion. But when you are that deep you probably want the contract anyways.

But no, as a buyer you are stuck. Most (well basically everyone but a few of us) have their contracts close prior to their contracted closing date.

You could hold off on the wire transfer though. But clearly I enjoy letting my money be held hostage.

From almost everyone else 14 days is a long time for sellers to take, don’t pay attention to whatever I have going on, I’m ruining the statistics. The sellers should in theory want your money as much as you want their contract. So it doesn’t make a lot of sense for them to dawdle.

 

[abiksr]

should have read this thread before I wired my payment. Sent the payment the day I received my docs. Seller is taking longer and some online investigation (Google search ) lead to their divorce information. Now, it makes sense and I feel sorry for them. But, shouldn’t the agent be upfront and keep the expectations on check from the beginning ? Not sure what the “standard” is. Now I know the contract is in a mix of divorce proceedings, have no idea how long it would take.