would you like to share your experience w/ fidelity??

[DonnaL]

Please refer to my post #16 dated 8/9/11....rec'vd email with closing docs from Cammy at First American Title this afternoon shortly after 3:00 p.m......exactly 5 weeks after our offer was accepted. We've been very pleased with the service we've received from both Fidelity and First American.

 

[Joey7295]

I have bought 4 contracts through Fidelity and 1 through TTS. While I agree that TTS has better service, Fidelity has a much larger inventory. I have worked with Sharon and she is very responsive to my emails.

 

[DonnaL]

poolrat......I'm thinking Rachel may be on vacation or out of office for some reason the past week and so has not responded to your emails. All of our initial contact was with Rachel regarding our contract, however, we were notified last week by Sharon that it passed ROFR and are now dealing with Cammy at First American for the closing.

 

[marie1981]

I had Cammy for my 4 contracts and she was so efficient !
It was a real pleasure to work with her !

 

[a742246]

I am another happy client of Fidelity, I have been working with Sharon and
she is a professional. Submitted a proposal on a property on 7/18/11.
Just got word that we passed ROFR today 8/18/11. Closing will take place in two weeks.

 

[fers31]

I've bought 2 contracts directly through Fidelity and another 2 through *Jaki's website (who used Fidelity contracts). I just found out this morning that a bid I put in directly through Fidelity yesterday was accepted as well. I've been very happy with Fidelity in the past. Rachel has always been pleasant to work with. I find she does much better over the phone as she's really busy over there and sometimes can take a while to write back to emails. She actually went on vacation today and I've been working with Sharon as of this morning and she's seemed decent so far. Jaki's son has always been good to work with but I've never been happy with TTS. They're always overpriced and whenever I've called them about a contract, they've given me an attitude. Not that I'm a big fish, but I'll be happy to give the other firms my business.

 

[Ashmer]

Personally, I haven't had any problems working with Rachel at Fidelity. I must have emailed 6 times in one day and got a response within 20 minutes each time. I knew going in that buying resale was more time consuming and Fidelity had some negative reviews, but their prices and inventory made it worth it to me, to work with them.

I also was willing to wait around for a great deal. I just passed ROFR today!

 

[rock_doctor]

thanks for the replies. are there any special things i should look for or ask the agent??

Understand a couple things...it is a very small organization and they are super swamped. So if you do use them stay on top of the time line. I would not bother with emails only calls and stay on the line until she answers. Now i do have to say my experience was during the 3/20 rush so my experiences may no longer be the norm.... With that said our purchase went off without a hitch. Although, i just received my title and insurance last week from TT&M...which makes it 5-months later... Also be aware the reason a lot of their contracts are cheaper then the other sellers is because many of the owners are under pressure to sell asap. So if you make an offer be careful not to offer less then the payoff. If the owners know they are going to lose it they may not bother to tell you it is too low of an offer. It has happened a couple times so far and Disney foreclosed a short period before closing... Also keep in mind it is a painfully slow process. So if either of you are ADD or HDAD then buying direct from Disney may be better because the waiting will drive you crazy... They tell you 60 days or more for a resale to go though and they mean it... Disney is 30-40% more but it is like going into a store and buying a cd...you have it to use right a way. Buying direct means you have the points to use immediately (you can make your first reservation the same day) and if you have the cash on hand you can put the purchase on your credit card.... So i do recommend Fidelity and i do recommend Direct...

Closing costs are pretty standard they will tell you the cost up front, ours were $400 or $450 with title insurance. No admin fees or resort fees...

We did not have any hidden fees although they told us the MFs were pro-rated to the month of our purchase and after we signed the contract they told us they did not remember saying that. In the end they covered the difference. Typically if you are getting the points for that year you pay the MFs. So if you are buying in 2011 and getting 2011 points they you will be expected to cover all of the 2011 MFs. If you buy in 2012 and are getting 2012 points then you will be expected to pay the 2012 MFs. But as said that can be negotiated...

The property is a deeded physical property so it can be leaned against... We paid for title insurance and i suggest you do the same. Plus once you get your contract it will have the sellers name on it so go to the orange country records office website and search the deed and anything attached to the names of the sellers (many places here on DIS with directions on how to do this).

good luck, the process is painful but in the end you will be happy you did it.

 

[lionqueen]

Thanks everyone for your comments and suggestions!! We've taken the plunge. We put an offer on a contract through fidelity with sharon. I put an offer in last sunday, heard from Sharon Monday morning and got our offer accepted in the afternoon!! We offered $45 per point on OKW, august UY, 160 points all 2011, 2012 points. Buyer pays closing costs. Seller pays MF. We'll see how efficient the rest of the process is and how ROFR goes. Thanks again!

 

[rock_doctor]

good for you! Let us know if you hit any snags. You should have been emailed the initial paperwork which will have the sellers name on it. Go to the link below and search for the deed and see what the exact deed says and see what else is listed in their names. If they have a loan on the property it should also be listed. This way you can see how much they took the loan for, when they bought in and you can make sure there are no leans on the contract. I would also ash Sharon to ask the sellers if they have any current reservations and if the amount offered will in fact pay off the loan they have.

search here:http://or.occompt.com/recorder/web/? (grantee is the buyer<your name>, grantor is the seller <their name> - put your name in grantor when you are looking for the deed once it has been transferred into your name)

Click "I accept" then on the next screen put their last name where is "grantor" and see what comes up. The list is date oldest to newest. So you can spin forward through the pile until you get to the newer dates. You are looking for a deed at Old Key West for the same number of points they are selling. Then look for what else is in their name. If they have any other contracts, leans or loans they will also be listed. I have not heard one single negative comment about Sharon.

Congratulations!

 

[Joey7295]

You got a contract you like at a great price. That is what I like about Fidelity. More contracts and you can get a better deal.