ROFR Thread July to Sept 2024 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[VGCgroupie]

For the record, I think Julie LaCagnina at First American Title out of Hawaii is fantastic.

She’s already communicated with me and it’s been great so far.

 

[pks_domer]

June on both....

Thanks, Congrats on the sale! I made an offer on a small BC and wondering if it was yours, but was a different UY.

 

[Jimmy Geppetto]

I will defend TRCS ...I have a great relationship with Amanda and Karina over there. I also have a great relationship with DVC TE. Without knowing details is the delay due sellers side? Someone is out on vacay and dropped the ball? There could be another handful of reasons that cause delay. I would pick TRCS over First American for Aulani (FA is not speedy either and FA is big $$$), especially if the seller bought direct from Disney, there isn't much need to waste money on title insurance. If there is no rush for a few days to a week on a buy or sell TRCS price for wdw contracts vs the others, I like as well. Sure I picked DVC TE on my last buys but the speed mattered to me for those contracts.

I second this!

FirstAM quoted me $1075. TRCS was $550 for my Aulani contract.

Excellent service from TRCS to date. They even pulled the deed for me, sent me a copy and confirmed sellers bought direct from DVC.

 

[VGCgroupie]

I second this!

FirstAM quoted me $1075. TRCS was $550 for my Aulani contract.

Excellent service from TRCS to date. They even pulled the deed for me, sent me a copy and confirmed sellers bought direct from DVC.

Is one of these quotes with title insurance and the other without title insurance? It seems like it.

My prices were
TRCS Grand Californian w/ Title Insurance $925 ($550 without).
First American Aulani w/ Title Insurance $1100 ($600 without)

 

[Jimmy Geppetto]

Is one of these quotes with title insurance and the other without title insurance? It seems like it.

My prices were
TRCS Grand Californian w/ Title Insurance $925 ($550 without).
First American Aulani w/ Title Insurance $1100 ($600 without)

FirstAm will not service the file without the buyer purchasing title insurance. Confirmed by Julie as of yesterday.

TRCS Inc. $550 without. $775 with title insurance.

FirstAm $1075 with title insurance.

 

[VGCgroupie]

FirstAm will not service the file without the buyer purchasing title insurance. Confirmed by Julie as of yesterday.

TRCS Inc. $550 without. $775 with title insurance.

FirstAm $1075 with title insurance.

I would never buy without title insurance, the $600 figure the broker quoted me, so maybe they aren't aware of First Americans policy

 

[Jimmy Geppetto]

I would never buy without title insurance, the $600 figure the broker quoted me, so maybe they aren't aware of First Americans policy

Sounds like FirstAm is a perfect fit for you on your next purchase.

 

[VGCgroupie]

Sounds like FirstAm is a perfect fit for you on your next purchase.

Yep. Except for a FL property, then I would use Jeffrey Sweet again, they were really great and also at a great price.

 

[N_kwi]

N_kwi---$175-$18885-100-PVB-Apr-0/23, 64/24, 100/25, 100/26- sent 7/19

Feeling like we’re overpaying, but we really want Poly and we’re new to DVC. It’s just our favorite resort and we have a trip coming up in May that will cost a third of this, so we figured it was a good time to bite the bullet. Hoping to hear about direct Poly sales/incentives soon to see if I’ll regret this haha. Thanks for this feed, it’s been helpful to read these past few days!

 

[MerlinandtheMouse]

N_kwi---$175-$18885-100-PVB-Apr-0/23, 64/24, 100/25, 100/26- sent 7/19

Feeling like we’re overpaying, but we really want Poly and we’re new to DVC. It’s just our favorite resort and we have a trip coming up in May that will cost a third of this, so we figured it was a good time to bite the bullet. Hoping to hear about direct Poly sales/incentives soon to see if I’ll regret this haha. Thanks for this feed, it’s been helpful to read these past few days!

Welcome *almost* home! Honestly, I don’t see direct points dropping below $200 at the 100pt level (if there’s any incentives at all), so this is still likely a much better deal than direct!

 

[N_kwi]

Welcome *almost* home! Honestly, I don’t see direct points dropping below $200 at the 100pt level (if there’s any incentives at all), so this is still likely a much better deal than direct!

We were planning on buying in at 150 points for the perks but 100 points works for us for now. I’m sure that will change though from everything I’ve read lol - seems like adding on becomes addicting. For now I’m just excited to join the DVC community. Thanks so much for the welcome!! Can’t wait to make so many more memories with my littles!

 

[DisneyJane327]

Sounds like FirstAm is a perfect fit for you on your next purchase.

Could you two (or anyone) help me understand title insurance? I will *hopefully* close next month on the BLT contract I posted a week ago. DVC Title & Escrow Is handling the closing. I honestly thought I had handled and knew all of my costs. Eek…what other costs will pop up at closing? I am pretty confident my seller purchased direct from Disney.

 

[atthebeachclub]

Could you two (or anyone) help me understand title insurance? I will *hopefully* close next month on the BLT contract I posted a week ago. DVC Title & Escrow Is handling the closing. I honestly thought I had handled and knew all of my costs. Eek…what other costs will pop up at closing? I am pretty confident my seller purchased direct from Disney.

Typically the title costs are already included in the title quotes. The standard is to sell it to you as a package. On a timeshare I would not opt out as it could be a mess if you don’t have it.

 

[VGCgroupie]

Could you two (or anyone) help me understand title insurance? I will *hopefully* close next month on the BLT contract I posted a week ago. DVC Title & Escrow Is handling the closing. I honestly thought I had handled and knew all of my costs. Eek…what other costs will pop up at closing? I am pretty confident my seller purchased direct from Disney.

I would just send them an email and ask if your fees included title insurance.
Here is a good article talking about title insurance. It's one of those fees in life where its a better safe than sorry. https://www.redweek.com/resources/ask-redweek/need-title-insurance-for-timeshare-purchase

 

[Jimmy Geppetto]

Could you two (or anyone) help me understand title insurance? I will *hopefully* close next month on the BLT contract I posted a week ago. DVC Title & Escrow Is handling the closing. I honestly thought I had handled and knew all of my costs. Eek…what other costs will pop up at closing? I am pretty confident my seller purchased direct from Disney.

DVC T&E will not close a contract without requiring the buyer to pay Title Insurance. They are the same as most title companies. It’s a revenue generator for them so it’s hard to point any fault to them, however you can close with other companies who outsource the title insurance and allow it as an option and it is NOT mandatory. These companies (that I am aware of) are TRCS Inc. and LT Transfers. I’ve not used LT Transfers but have heard they are great too. TRCS Inc has been amazing and if you see my prior posts you will see I am very hard/critical on Title companies.

When a contract is purchased directly from Disney there is little to almost no risk of a title issue being a problem. DVC sells the contact with free and marketable title. When that seller (the one who bought direct) sells the contract, Disney will issue estoppel certificate which will ensure there are no dues or outstanding liens on the contract. Based on this, if there were any title issues, they’d be identified prior to closing and estoppel would NOT be issued so you are protected as the buyer, thus making title insurance of no value to you. HOWEVER if the seller (who bought direct), sold it to a buyer and that buyer subsequently sells it again, there is a heightened risk of title issues being present. In this scenario I always purchase title insurance.

It’s a personal preference based on your risk appetite. You will hear many say “better safe than sorry” which can be true, again it’s a personal preference but if you talk to the Brokers, and those who are very familiar with DVC, they will all tell you it has no value when buying direct, or when buying from a seller who bought direct.

Your broker can easily pull the deed for you to determine if it was bought direct. You can also pull it from comptroller website once you have the seller’s names.

Hope this helps! And good luck with BLT purchase.

 

[tarheellovesdisney]

tarheellovesdisney---$110-$13510-109-BWV-Aug-0/23, 218/24, 109/25, 109/26- sent 5/31, passed 6/19

I am reposting because I found out today we had full points for UY '23. I called MS to confirm and they kindly banked them into UY '24 for me!! I was ecstatic!! It makes our contract a better deal and now we have 109 points free to use

 

[VGCgroupie]

tarheellovesdisney---$110-$13510-109-BWV-Aug-0/23, 218/24, 109/25, 109/26- sent 5/31, passed 6/19

I am reposting because I found out today we had full points for UY '23. I called MS to confirm and they kindly banked them into UY '24 for me!! I was ecstatic!! It makes our contract a better deal and now we have 109 points free to use

That is awesome!

 

[Chili327]

tarheellovesdisney---$110-$13510-109-BWV-Aug-0/23, 218/24, 109/25, 109/26- sent 5/31, passed 6/19

I am reposting because I found out today we had full points for UY '23. I called MS to confirm and they kindly banked them into UY '24 for me!! I was ecstatic!! It makes our contract a better deal and now we have 109 points free to use

That is awesome!

That IS awesome!!

 

[AstroBlasters]

tarheellovesdisney---$110-$13510-109-BWV-Aug-0/23, 218/24, 109/25, 109/26- sent 5/31, passed 6/19

I am reposting because I found out today we had full points for UY '23. I called MS to confirm and they kindly banked them into UY '24 for me!! I was ecstatic!! It makes our contract a better deal and now we have 109 points free to use

What an incredible deal.

 

[Chili327]

What an incredible deal.

Right, it was a great deal before the banked points.!!