Direct Buying Process VS Resale

[RuntheMouse]

Ugh i am going to be pissed if these sellers drag their feet. I just got the closing docs yesterday and I paid to have a mobile notary drive to our house a couple hours later and mailed it stat!

The contract we were the most chill about was the one that took the longest. I didn’t think it was going to close, to the point that we let the title company the day before our contracted closing date that if it didn’t happen, we were walking. Surprise, we closed. Lots of finger pointing but it happened. It was our worst out of 5 resales we’ve purchased. LOVED buying direct!

 

[RuntheMouse]

There it is.. I'll be honest I didnt read what I signed.

Same!

 

[VGCgroupie]

I read most of it but when they use all the legal jargon, I skim lol

I read every word for resale. I guess I blindly trust Disney

 

[Girlstar30]

Often it's the title co that drags their feet. So thats great that you already got docs to sign.

The title company notified me before my agent did! She was on it she was like congratulations you passed ROFR, here's all your closing docs, estoppel was already sent from Disney, let me know when you send it. She answered all my questions immediately, I was really impressed! Hopefully the closing is just as fast!

 

[DanCali]

I have a resale that I started 5 months ago and I still do not have those points.

Same here, but it's voluntary on my end (delayed closing due to owner reservation).

Sometimes it works out better this way - it's just an add-on to an existing resort (so no rush to use since I can always borrow from what I have if needed), the price was good, and it allows an year-end bonus to get paid this month before closing

 

[Brian Noble]

you did sign that you will pay them the rack rate.

...and it will be taken out of your deposit first.

No one leaves the table without paying at least 10%.

(I read every word---most of it in advance of talking with a Guide, in the form of the two public offering statements plus the home resort rules.)

 

[davidhr]

No one leaves the table without paying at least 10%.

Do you mean the payment you have to make when signing?

If it is, they have been pretty happy to take $500 for my delayed closings.

 

[Chili327]

Those Disney lawyers cover all the bases

I read most of it but when they use all the legal jargon, I skim lol

Yea, I just look for numbers. lol

 

[Girlstar30]

The contract we were the most chill about was the one that took the longest. I didn’t think it was going to close, to the point that we let the title company the day before our contracted closing date that if it didn’t happen, we were walking. Surprise, we closed. Lots of finger pointing but it happened. It was our worst out of 5 resales we’ve purchased. LOVED buying direct!

Geez what title company was this

 

[Girlstar30]

I read every word for resale. I guess I blindly trust Disney

I do too, I'm thinking I may waive the title insurance when it's directly thru Disney

 

[Girlstar30]

...and it will be taken out of your deposit first.

No one leaves the table without paying at least 10%.

(I read every word---most of it in advance of talking with a Guide, in the form of the two public offering statements plus the home resort rules.)

And you still went for it so I'm good to go

 

[Girlstar30]

Yea, I just look for numbers. lol

Me too like when do I have to pay and how and where do I sign lol

 

[VGCgroupie]

I do too, I'm thinking I may waive the title insurance when it's directly thru Disney

I also opted for no title insurance through Disney

 

[RuntheMouse]

Geez what title company was this

It was https://www.firstam.com/. We used them in the past without issues but this was awful.

 

[juliebee]

Just as an FYI, not all resale purchases require a notary. When we purchased we did not notarize anything because we paid in full. My understanding is that financing requires a notary.

 

[Girlstar30]

It was https://www.firstam.com/. We used them in the past without issues but this was awful.

I've read some other not so great things of them as well

 

[Girlstar30]

Just as an FYI, not all resale purchases require a notary. When we purchased we did not notarize anything because we paid in full. My understanding is that financing requires a notary.

Ohhh ok that makes sense because two of the documents were from Monera Financial

 

[VGCgroupie]

Just as an FYI, not all resale purchases require a notary. When we purchased we did not notarize anything because we paid in full. My understanding is that financing requires a notary.

Yep financing and Aulani require a notary.

 

[Girlstar30]

Yep financing and Aulani require a notary.

Do you know if financing direct requires a notary as well?

 

[tx911]

Do you know if financing direct requires a notary as well?

I've had to use an online notary with my last 2 direct contracts. This was without financing.