Very Anxious

[Pooh]

I haven't been able to get in touch with my Vacation Club Guide today, hopefully tomorrow. My DW and I have decided to take the plunge.

Some quick questions because I can't wait until tomorrow to find out.
(1) How long does it take to exchange the required paperwork with DVC?

(2) If financing, how soon is the downpayment due? Is it due within the 30-days that you are eligible for the special lower interest rate? <IMG SRC="/infopop/emoticons/icon_confused.gif" alt="confused">

(3) How long does it take for the closing?

(4) What use year would be assigned to a March closing?

Feb. 1998 off site
Jan. 1999 Cruise & Dixie Landings
Nov. 2000 Dixie Landings

 

[BetsyB]

I don't have the answers to all these questions, but I do know that we had to put the deposit down immediately -- the day that we decided to purchase, actually. It took about 10 days to get the paperwork in and I think we closed about three weeks after submitting all of our forms. You're going to love being members!

 

[Figaro30]

we bought resale and it took all of about 2 months to complete the entire process.

Paperwork exchange was in about a week and a half of accepting bid.

We financed through our own bank so that took 2 days to get check.

Another 2-3 weeks till closing and then about another 3 weeks till we actually got owners deedl in the mail


Mid to late November - offer accepted.
December 8th closing
First week in January received Deed
January 15th approx. received manual

BUT AGAIN...that's a resale

'81 - Cont.
'88 - Disneyland
'89 - Maingate East
'91 - CBR
'94 - CBR
'95 - CBR
'98 - BC
'00 - WL
'01 - OKW

 

[WDWMom]

It's been a few years but I will try to help. If any of my info is incorrect, I'm sure there will be some else along to correct me.

You will have to send a deposit down before they send you any paperwork. I am sure your sales rep will tell you who to send it to. DVC will then Fed-Ex you a package of papers to read and sign. Not sure when they will check for credit for financing. After you sign all papers and mail back you will get a book that describes rules, how to plan vacation, info on all properties, blah, blah, blah. I would imagine if you have good credit and there are no problems you should be done in about 4-6 weeks.

As far as use year, no one knows. What ever is available for the amount of points you are buying.

6 days and we are going HOME

1976 off site
1982 Fort Wilderness
1985 off site
1994 Dixie Landings
1995 Dixie Landings
1996 Dixie Landing
1996 Wilderness Homes
1997 Caribean Beach
1998 OKW/BWV
1998 OKW
1999 OKW
2000 OKW 2x
2001 OKW

 

[drusba]

1. If you call to purchase, you will need to give down payment immediately, either by credit card over phone or check by mail.

2. Once they receive down payment, they will send out all papers to be signed and all disclosure documents (that includes all the rules and regs manuals, benfits guidebook, contracts, etc) some voluminous stuff. These are sent to you by 2-day priority mail (there can be a delay if they are overwhelmed by purchases and don't get it out immediately--like last year when OKW and BWV were selling out).

3. Your use year will be one they are offering on date of purchase (when you get them the down payment check); when you close is irrelevant to that issue. Don't know what they are selling for March but likely something like Oct as it usually about 4 to 5 months before month of purchase.

4. Once you have the papers you must sign and have them notarized and make very sure you fill them out correctly--follow instructions closely particularly when they tell you that the date you put in for any document has to be the same date shown for your signature and by the notary. They provide a two-day priority mail envelope to return the signed documents.

5. Once they have the documents you get approved (usually within a day or two)and are informed of that--time period from first call to approval can be as short as 8 days but much depends on your actions--for example, how fast you get the documents back to them.

6. Closing will likely take place 20 to 30 days after approval. However, you can start making ressies as soon as you are approved and don't need to wait for closing.

 

[Pooh]

I am buying directly from DVC and requesting financing. I intend to put 20% down and sell back 1/2 of my points through MB. Will the amount I need to send DVC be with or without the MB points being sold back? <IMG SRC="/infopop/emoticons/icon_confused.gif" alt="confused">

______________________
Feb. 1998 off site
Jan. 1999 Cruise & Dixie Landings
Nov. 2000 Dixie Landings

 

[drusba]

You would subtract the MB amount from the 20% to get the cash down payment required.