Fidelity good or bad?

[CruznLexi]

Found nice VB contract in my price range and would get almost 20 more points verses DVC.. Anybody use them?

 

[XGrumpy1]

I have used them before and had no problems. Others have reported that they have not been happy with their service.

I think Fidelity was overburdened with the sales they got before the 3-20 deadline to add on points imposed by DVC. Since that deadline has now passed, I believe their service will get better.

Remember the prices listed are asking prices. Offer less and haggle over closing costs and dues!

 

[mjc2003]

There have been many threads recently about them, go back a few pages on each of the DVC board and you'll find them. Here is one:

http://www.disboards.com/showthread.php?t=2712662

 

[bobbiwoz]

I've used them. I got the HHI contracts that we really wanted, but it was a long time coming. In the end, no regrets but I did need patience.

 

[CarolMN]

Hope you are buying VB because you want the 11 month booking advantage there.

If you are buying VB, but want to be at WDW most of the time, be sure you understand all the risks involved and do the math - the dues at VB are significantly higher than those at the WDW DVC resorts.

Feel free to ignore this post if you've already done your VB homework, LOL.

 

[DizGirl20]

Yes, I have used them and no problems whatsoever. Would use them again...

 

[Mlissa88]

Fidelity was great for me....it's the title company that was super slow.

 

[Buckeye Fan]

Bought 4 contracts through Fidelity over the years, and experienced no problems. No matter who you go through, there are basic steps (bold is where I think communication is needed):

- make offer
- offer accepted
- receive contract(s)
- sign and return
- broker sends off to Disney for ROFR
- broker receives notice that Disney has passed on the contract or has decided to buy back the contract
- if passed, broker/title company sends closing docs
- sign and return closing docs with money owed
- once paperwork is received from buyers/sellers, the title company closes the sale
- deed is recorded
- Disney receives info of the sale and puts you in the system

The biggest pain point in the process is signing and returning the docs, as buyers/sellers can drag their feet. The recent changes to resale contracts really taxed both brokers and title companies. I'm still waiting to close, and my offers were submitted to ROFR at the end of February (not through Fidelity, though my broker and Fidelity use the same title co).

No matter who you use, I would ask that they notify you when all docs are received, when it goes off for ROFR (usually those things happen the same day or close to it), when you pass ROFR, when all closing docs are received from buyer/seller, and when you close. Three to four emails over the course of 60 - 90 days doesn't seem too much to ask for IMHO. On my previous contracts, from offer to being in Disney's system was about 70 days. I'm currently sitting at 70 days now and haven't closed.

Best of luck no matter who you choose!