Waiting on sellers

[Networth]

Made an offer on Tuesday for a contract. The offer was accepted and I sent all our paper work and deposit that night over email and CC.

The seller has yet to send any paperwork to the broker. I called Thursday night and the broker said they would reach out to the seller and for me to expect the contract to go to Disney for ROFR in 24hrs.

Today is Saturday, am I being impatient? New to this and just wondering others experiences.

 

[starry_solo]

It's not even a week. Yes, impatient

 

[keaster]

We offered and it was accepted on a Monday. Tuesday the broker sent the paperwork and we signed and sent in same day. The sellers sent their's back Friday night. I was impatient too lol!

 

[Networth]

Thanks guys. Probably my personality too. When something needs to be done I like to do it now.

But I realize this is not the case most times in life, and wanted some experiences with this process.

 

[ELMC]

I've been both a buyer and a seller so I think I can address both perspectives. As the buyer, you are super excited and can't wait for this to go through and are wondering when you're going to pass ROFR and you sent your contracts back within the hour etc, etc, etc.

As the seller it's one more thing on your "to do" list.

So I don't think you're being impatient, but it will help you going forward to realize that the seller's mentality could possibly be 180 degrees different from yours.

That being said...good luck with your purchase!!!

 

[Jason@dvcstore]

Made an offer on Tuesday for a contract. The offer was accepted and I sent all our paper work and deposit that night over email and CC.

The seller has yet to send any paperwork to the broker. I called Thursday night and the broker said they would reach out to the seller and for me to expect the contract to go to Disney for ROFR in 24hrs.

Today is Saturday, am I being impatient? New to this and just wondering others experiences.

If this transaction is with The Timeshare Store please email your associate (it could be me) and tell them you want to know when seller plans on returning their documents. I personally have two pending files where one seller can’t return docs until 1/11 and another 1/13 due to different people on deed traveling.

We would be glad to get an answer for you so you know when to expect them back.

 

[gharter]

As mentioned above, I would contact your broker to see if they have any idea of when the seller will return the documents. There may be a good reason, out of town, etc, or they just may be slow. Our first contract, the seller was slow returning paperwork. Drove our broker crazy. The second contract, the seller rturned the paperwork almost as fast as we did.

 

[drbrjb01]

Made an offer on Tuesday for a contract. The offer was accepted and I sent all our paper work and deposit that night over email and CC.

The seller has yet to send any paperwork to the broker. I called Thursday night and the broker said they would reach out to the seller and for me to expect the contract to go to Disney for ROFR in 24hrs.

Today is Saturday, am I being impatient? New to this and just wondering others experiences.

We just made an offer on Saturday and it is already going to ROFR. I would be impatient if I was you. I wrote it in to our offer that they had to get their paperwork in in 48 hours.

 

[Networth]

I suppose I will update this thread since it keeps getting replies and say my broke handled it extremely well. A large thank you to Jason at The TimeShare Store for finding out what was going on and providing me an update, I can see why so many on this board give them such high praise. The contract was sent to Disney today for ROFR.

 

[icc2515]

Thanks guys. Probably my personality too. When something needs to be done I like to do it now.

I am the same way. I have bought several DVC contracts in the last couple of years and they have all been excruciatingly long experiences. The worst is yet to come. I can understand why Disney drags their feet on ROFR as they are ticked that anybody is buying resale and not direct. Next you will sign the closing documents and send everything back the same day overnight. The sellers will have to get things notarized (so will you if financing) and if they took forever to docusign imagine how long this could take. Then will come the most frustrating part. The closing company has to run a macro and create the closing papers. This should all take about 10 mins. It will take weeks and weeks.

 

[minorthr]

we returned our docs the same day we got them. Seller waited two weeks. Received closing doc, sent them back the next day, seller waited two weeks. They Messed up the paperwork and had to wait another week for them to send it back again.

 

[Debbie Jean]

Thanks guys. Probably my personality too. When something needs to be done I like to do it now.

But I realize this is not the case most times in life, and wanted some experiences with this process.

The resale process, in particular, is very hard for people with your personality characteristics. This is just the first of what is a series of long, complex transactions from your offer to getting your member ID number. It probably involves people in three different geographical locations so even at best, there is a lot of waiting!

If you buy direct, your points are available in a couple of days... you pay for that though, right? Buy resale and the financial savings come along with some compromises... the delays are part of the process. I've both bought and sold with Jason at TS, though, and you are in good hands... you can be sure that what can be done will be done.

Congratulations on making it to ROFR and good luck passing!