Log into the DVC member page. Click on the link in the upper right that says “my DVC” then select ”my points” from the drop down menu & it will show you several years worth of points, so in your case it’ll likely show 0 2022 points, XXX 2023 points, XXX 2024 points.
Thanks...I found the page you're talking about. I guess my points are not loaded yet. But that's ok. I'm not in any hurry now that I know it all went through ok.
When a foreigner sells real estate in the US they must pay capital gains tax on the sale - FIRPTA - if they don’t pay that tax, you the buyer of that real estate will be liable for that tax. The IRS assumes the tax is 15% of the sale price, but many sellers owe less than that. Typically the title company will take care of all of that for both you and the seller either by sending 15% to the IRS & letting the seller claim a refund from the IRS or by holding the funds in an escrow account while the IRS determines how much tax the seller owes & once that happens sending the tax owed to the IRS & the rest to the seller.
Thank you! I went on a Googling rampage and came across othe disboards posts that also discussed this. Until everything is cleared, I will be keeping all signed documents at an easily accessible reach. Also emailed escrow officer to verify. They are a seasoned, albeit slow, company so hopefully they've got it under control. My initial thought was that we were on the hook for the additional money, which then immediately cued buyers remorse. I can go back to being excited now!
For Canadians wanting to wire US$, I recommend Knightsbridge fx https://www.knightsbridgefx.com/ They will give you the quote, and then you can set it up as a bill payment, out of your Canadian account. Plus much better rate than the bank. (Happy customer)
Didn't even realize this was an option. Too late now I suppose but something to consider for next time perhaps.
This is particularly true of the title company handling many of the Aulani contracts. It is a one-person shop with no web presence.
These international sellers takin their sweet time! Lol. Mine essentially did the same and didn’t have their closing docs in until 1 day after estimated closing.
Yep - we didn't know they were international sellers until we got docs to sign (wasn't disclosed on the listing). This is by far the longest timeline we've had in buying a contract in 8 years of buying/selling DVC!
I know theres some extra time because they have to mail the docs and the docs have to go through customs but yeah…
Yes!! I see it’s taking several people about 2 weeks from deed recorded to points in account, so I’m trying to pack my patience!!
