Does re-sale really take 60 days? How long for you?

[dis-happy]

I talked to the Timeshare Store today, and we talked about all the details (BTW, the contract we wanted is already pending, so we waiting). I'm still surprised that he says that it takes about 60 days to complete the transaction (allowing for an extra week margin of error, he said). Granted, I've heard of ROFR taking anywhere from 2 weeks to 1 month, but still, it seems like a long time to close. (Last house I purchased only took about 3 weeks total!)

Is 60 days a valid number? How long did it take you to close?

TIA!!!

 

[Mike]

My offer was accepted on 7/3 and we closed on 8/12. This was through TTS.

 

[all5ofus]

Here's the timeline of our recent transaction:

5/18 Signed contract & sent deposit.

5/31 Notified we passed ROFR

6/10 Signed final agreements and sent balance of money.

6/14 Closing completed.

6/15 Deed recorded at Orange County Comptroller

6/22 Confirmed with MS that I'm in the system and points are available to use.

The variables seem to be ROFR (anywhere from one week to the full 30 days), and the time it takes for the seller to send back the signed documents.

Good Luck!

 

[bobbiwoz]

Made offer 3/29/04 made ressie with those points 5/5/04, so not nearly 60 days. Thank heavens, we really wanted to book the cruise.

Bobbi

 

[DVC-Don]

It's been 2 years since we bought the resale contract, but then it took 6 weeks. It was at DVC for 3 weeks of that time awaiting the ROFR ruling.

 

[RuthnPaul]

For the contracts we've purchased, it's been closer to 45 days. Most recently, we signed the paperwork on 7/29 for a VWL contract, Disney had it 7/30, heard we passed ROFR 8/16, are closing 8/10. What was a killer in our case is that we "won" this contract through e_Bay auction meaning we had to go from June 26-July 27 just waiting for the auction to end!

 

[SoCalKDG]

I made an offer July 20th, should close on Sept. 1. 45 days seems the norm.

 

[AFMom]

It took us less than 4 weeks from our offer, to having our points in Disney's system! 2 weeks of that was waiting for ROFR!

 

[tamu91]

Depending on how quickly you pass ROFR and the sellers returning the paperwork in a timely manner but the entire process can easily take 6 weeks. The good news is, hopefully you'd only have to do it once

 

[disneyberry]

<font face="times" size="+0">Here's my entire resale timeline from last year, copy/pasted from an older post I wrote:

Instead of posting dates, I have listed the following timeline using Day#s.
IMPORTANT: I am counting days using <b>business days only</b>

<table border="1" width="480"><tr valign="bottom"><td width="50" align="left">Day 1</td><td align="left">Submit verbal Offer to Broker. Seller accepts Offer that day.</td></tr><tr valign="bottom"><td align="left">Day 2</td><td align="left">Receive Contract from Broker. Sign, fax, and mail Contract/Deposit via USPS to Broker that day.</td></tr><tr valign="bottom"><td align="left">Day 4</td><td align="left">Broker receives Contract/Deposit. Broker passes sale info to Closing Agent and submits ROFR info to Disney. </td></tr><tr valign="bottom"><td align="left">Day 14</td><td align="left">Broker calls us to say Disney notified that they are Waiving ROFR (we're approved!)</td></tr><tr valign="bottom"><td align="left">Day 16</td><td align="left">Closing Agent contacts us with explanation of Closing Process and to ask if we want Expedited Service. we decline.</td><tr valign="bottom"><tr valign="bottom"><td align="left">Day 19</td><td align="left">Closing Agent receives Estoppel Info from DVC, and completes Title Search. they start preparing Closing Documents that day</td></tr><tr valign="bottom"><td align="left">Day 21</td><td align="left">we Receive Closing Package by fax + email.</td></tr><tr valign="bottom"><td align="left">Day 25</td><td align="left">we Overnight completed Closing Package w/ Cashier's Check to the Closing Agent</td></tr><tr valign="bottom"><td align="left">Day 27</td><td align="left">our "Closing Date". Closing Agent sends the Deed to Orange County for Recording, and sends our info to Disney for processing.</td></tr><tr valign="bottom"><td align="left">Day 29</td><td align="left">we receive letter from Closing Agent to inform that we have closed.</td></tr><tr valign="bottom"><td align="left">Day 31</td><td align="left">we Officially Close. Deed is finally recorded. Member Services has set up our account. no points have been entered yet though.</td></tr><tr valign="bottom"><td align="left">Day 32</td><td align="left">DVC Member Services finishes entering our points, so we are able to book reservations! </td></tr><tr valign="bottom"><td align="left">Day 34</td><td align="left">we receive our Member Guidebook in the mail!</td></tr><tr valign="bottom"><td align="left">Day 43</td><td align="left">we receive a letter from DVC Member Accounting informing us that our Deed was recorded, and we are current on our 2003 Dues.</td></tr><tr valign="bottom"><td align="left">Day 44</td><td align="left">we receive a phone call from DVC Quality Assurance to check if we got our Member ID cards + Guidebook yet.</td></tr><tr valign="bottom"><td align="left">Day 45</td><td align="left">we finally receive our permanent DVC Member ID cards!</td></tr><tr valign="bottom"><td align="left">Day 53</td><td align="left">we receive our Deed and Title Insurance Policy in the mail from the Closing Agent</td></tr></table>

(BTW, it was basically about 7 weeks from start to when we could first book reservations.)
HTH!</font>

 

[nakedbear]

66 days for us! It was hell!

 

[nakedbear]

66 days for us! It was hell!

 

[helenabear]

I believe it was just about 6 weeks for us

 

[tamu91]

We closed about a month ago and received the deed recorded letter from Disney, member guidebook and even the actual recorded deed itself from the closing company but no temporary or permanent membership card. I wonder if I should call MS tomorrow and see if they can send me one ASAP?

 

[boscoj]

Made an offer 3 weeks ago, took about 4 days to send in the necessary paper work, and heard from Jaki today that we just passed ROFR! Now all that's left is for us to receive the closing package (Jaki said it should be about a week for us to get it).