Closing Time!

[#1Disfann]

Just curoius, what FIRPTA changes are coming?

Starting on September 30th the IRS will require all FIRPTA payments to be made electronically. No more paper checks and from what I have been reading there isn't really a plan in place to handle this. It states that payments must be made by the buyer and that the buyer must create an EFTPS account with the IRS to do this. One article says the title company nor a realtor will be able to do this anymore. Another says it takes 10-15 days to set up an EFTPS account and since FIRPTA must be paid in 20 days that creates a fairly tight window if someone gets held up. On another sites forum, where most members are actual title company employees, they very validly pointed out that they, as well as the seller, aren't going to just hand over that money to the buyer and hope that the buyer sends it in. Its just a bit of a can of worms. I did just get an email from my closer that says they have now been informed on how they are going to handle these changes and didn't mention that it would change the pertinent verbiage of my purchase agreement which states that the title company will handle all of that. Sounds like a mess that I hope gets all the kinks ironed out soon.

 

[LavaMama]

Yikes, this sounds like a nightmare. Our first purchase was from an international seller last year and it went smoothly. This would definitely give me pause.

 

[#1Disfann]

Yikes, this sounds like a nightmare. Our first purchase was from an international seller last year and it went smoothly. This would definitely give me pause.

I got a second email from the title company assuring me I wouldn't have to do anything relating to FIRPTA so I am a bit more at ease. Seldom are people PROACTIVE in getting things implemented before deadlines, especially the government! LOL As a bit of a compulsive planner I don't do well with surprises I won't close until January so it should be smooth sailing by then and hopefully for everyone else closing around that September 30th deadline.

 

[HFJohnson]

Home Resort: RIV
Broker: https://www.dvcresalemarket.com
Title Company: https://magicvacationtitle.com/
Offer made: 06/12/25
Offer accepted: 06/13/25
Sent to ROFR: 06/17/25
Passed ROFR: 07/10/25
Closing docs received:07/11/25
Closing docs returned:07/15/25
Closing: 08/19/25
Deed recorded:08/21/25
Contract Showing on Membership (new member):09/18/25
Points in account: 09/18/25 (UK member so three emails received overnight)

Days Total: 98 (including delayed closing of 35 days)

 

[Chrisjkelly]

Off the back of the above post we’d hoped to have received our mails/membership details yesterday. We closed on 22/08. Is it safe to assume they don’t work Saturday’s in which case we’ll like be early part of next week?

 

[HFJohnson]

Yes, my deeds were recorded a couple of days after closing and the emails came through exactly four weeks later so hopefully it will be Monday or Tuesday for you.

 

[Chrisjkelly]

Yes, my deeds were recorded a couple of days after closing and the emails came through exactly four weeks later so hopefully it will be Monday or Tuesday for you.

Fab, thank you! Just need to be patient for a few more days

 

[happilyeveravezz]

Fab, thank you! Just need to be patient for a few more days

I’m right there with you anxiously waiting! Our deed was recorded on 8/25 so we’re hoping this will be our week!

 

[Chrisjkelly]

I’m right there with you anxiously waiting! Our deed was recorded on 8/25 so we’re hoping this will be our week!

Still no update I’m afraid. VGCgroupie said before and was 100% on the money - this part of the waiting game is way worse than ROFR.

 

[Beachclubloverahoy]

I’m right there with you anxiously waiting! Our deed was recorded on 8/25 so we’re hoping this will be our week!

Any luck?

 

[happilyeveravezz]

Any luck?

Nothing yet unfortunately. Getting so anxious!

 

[Beachclubloverahoy]

Home resort: beach club villas 175 for 122/pt
Submitted to RoFr:8/5
Passed RoFr: 8/20
Contract closed: 9/5
Deed recorded: 9/10
Member login:
Dvc points:

Contacted Disney on 9/12 and they state they received paper work 9/5. Is it a full month from deed recording?or when they’re contacted by title company?

 

[DisneyRunner2009]

I saw the deed was posted on the Florida website 8/20. I was told it was recorded 8/22. Still waiting on points. Existing member. My husband says everyone got their money and we have nothing.

 

[Beachclubloverahoy]

Nothing yet unfortunately. Getting so anxious!

I think a lot of contracts closed at the same time so I’m guessing it’ll be longer than usual for all of us

 

[airjay75]

It seems like the pattern I consistently see is take the deed recording date, add on one month and then subtract 2 or 3 days. So, if deed recorded 8/15, points should show up around 9/12 or 9/13. I'm still waiting on points for a deed that was recorded on 9/2, so I'm thinking some time next week. I'm sort of thinking that if you go past the 1 month mark from deed recording with no points, maybe worth it to start making calls? Curious if anyone has any thoughts.

 

[happilyeveravezz]

Nothing yet unfortunately. Getting so anxious!

UPDATE! Just got an email from DVC Quality Assurance confirming that my contract has been finalized! Hoping to get the rest of the info later today so I can start booking!