our full cycle resale purchase timeline

[disneyberry]

just thought this info might be of interest to those of you who are currently in the resale purchase process. (or considering buying resale)

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>

hope this helps!

 

[CaliforniaDreaming]

Thank you so much!

 

[Tom and Jen]

Thanks for the info

We are in the middle of purchase....... waiting for disneys decision

29 days left for them to decide, does anyone know if that is calender days business days? and do they ever usually take the whole time to decide?

If anyone has info on their own time line to rofr would you mind posting? actually it will probably drive me nuts..... but anyway.

Thanks again
T.

 

[JOC]

Our contract was submitted to Disney on Feb. 15; on Feb. 24 we got word that they decided not to buy it back.