Sold DVC

[NewmanFamily6]

Has anyone used Time Share Store to sell their DVC? We have just received notice that Disney isn't buying ours back. The sale can go through. Any idea how long it takes to finalize?

 

[cbnsoul]

Depends how long it takes for both parties to send the paperwork back. We have sold 2 contracts recently using TSS and it took about 5 days after the paperwork was received to close. It took about 3 days for our contract to be removed from the DVCmember website after closing and 10 days to get our check.

 

[disneynutz]

Has anyone used Time Share Store to sell their DVC? We have just received notice that Disney isn't buying ours back. The sale can go through. Any idea how long it takes to finalize?

What does your broker say?

Bill

 

[NewmanFamily6]

I didn't have a chance to call only read email that Disney passed on it. That's why I was trying to get a feel.

 

[MrToad1345]

Can you sell privately and save yourself the commission? What's the contract?

 

[NewmanFamily6]

We weren't able to find a buyer ourselves. We have a buyer but the process is lengthy so I was just trying to get an eta. Our contract was 350 points at SSR

 

[dcfromva]

We weren't able to find a buyer ourselves. We have a buyer but the process is lengthy so I was just trying to get an eta. Our contract was 350 points at SSR

I am assuming that since you said in your first post that you just received notice that Disney isn't buying your contract back that you have passed ROFL.
The next step is to get the closing documents returned (both buyers and sellers) so that closing can be scheduled. Typically closing takes a day or two after all the closing documents have been received by the title company.
The deed is then recorded by Orange County. Typically, it is about a day after closing.
Then, Disney has to load the points on to the buyers account. Typically, this takes 10 days to 2 weeks. The title company should then verify the correct number of points were loaded onto buyer's account and then the proceeds from the sale are released to the seller.

I would figure a month after ROFL to receive payment of funds. Some of the intermediate steps may take less time, so you could be lucky and it could be less time than a month.

 

[hakepb]

I am assuming that since you said in your first post that you just received notice that Disney isn't buying your contract back that you have passed ROFL.
The next step is to get the closing documents returned (both buyers and sellers) so that closing can be scheduled. Typically closing takes a day or two after all the closing documents have been received by the title company.
The deed is then recorded by Orange County. Typically, it is about a day after closing.
Then, Disney has to load the points on to the buyers account. Typically, this takes 10 days to 2 weeks. The title company should then verify the correct number of points were loaded onto buyer's account and then the proceeds from the sale are released to the seller.

I would figure a month after ROFL to receive payment of funds. Some of the intermediate steps may take less time, so you could be lucky and it could be less time than a month.

I love spell check / autocorrect humor . (Especially when its not me)

But that's a great visual, waiting for Disney to Roll On the Floor Laughing at a contract
Instead of waiting for Disney to exercise their Right Of First Refusal.