Closing Time!!

Discussion in 'Purchasing DVC' started by Buzzalot, Mar 23, 2015.

  1. ThinkBelieveDream&Dare

    ThinkBelieveDream&Dare Earning My Ears

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    Congratulations @ray3127 :welcome: HOME!!!! :) pixiedust:
     
  2. TexasChick123

    TexasChick123 Always Dreaming of Our Next Vacation

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    That’s interesting. I learned something new today. ;)
     
  3. Avatar

    DIS Sponsor Disney Vacation Club Resales www.dvcstore.com


  4. DduzDis

    DduzDis DIS Veteran

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    I think the Buyer can scan and email closing docs, but we just waited for 4 weeks for our Seller to sign and return original docs from Australia. Thankfully finally received last Friday.
     
  5. crvetter

    crvetter DIS Veteran

    Joined:
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    1,300
    3rd Update:

    Home: VGC
    Broker: DVC Resale Market
    Title Company: First American
    Offer made: 1/24/19
    Offer accepted: 1/24/19
    Sent to ROFR: 1/25/19
    Passed ROFR: 2/28/19
    Closing docs received: 3/8/19
    Buyer’s closing docs returned: 3/11/19
    Seller’s closing docs returned: 3/12/19
    Closing: 3/15/19
    Deed recorded on OC site: 3/15/19
    Contract Visible on member site: 3/25/19 (May have been earlier but didn't check since Friday)
    Points in my account: ???
     
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  6. JereMary

    JereMary Mouseketeer

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    Oct 28, 2016
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    103
    2nd Update:
    Home: Animal Kingdom Lodge
    Broker: The Timeshare Store
    Title Company: Mason Title
    Offer made: 3/10/19
    Offer accepted: 3/10/19
    Sent to ROFR: 3/11/19
    Passed ROFR: 3/20/19
    Closing docs received: 3/25/19
    Buyer’s closing docs returned:
    Seller’s closing docs returned:
    Closing:
    Deed recorded on OC site:
    Contract Visible on member site:
    Points in my account:
     
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  7. DduzDis

    DduzDis DIS Veteran

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    4th Update

    Home: BWV
    Broker: Resales DVC
    Title Company: Jeffrey C Sweet
    Offer made: 1/17/19
    Offer accepted: 1/17/19
    Sent to ROFR: 1/17/19
    Passed ROFR: 2/19/19
    Closing docs received: 2/22/19
    Closing docs returned: 2/22/19
    Seller returned closing docs: 3/22/19 (Int'l seller)
    Closing: 3/25/19
    Deed recorded:
    Contract Visible:
    Points in my account:

    Now we're cooking!
     
  8. sndral

    sndral DIS Veteran

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    We were able to email our doc.s back w/ Mason. Not sure if it would be different if some one was financing as we paid w/ cash via wire. I faxed the initial signed contract when we made our offer. The wired funds took longer to arrive than it would have taken if I’d just sent a certified check using the fedex label Mason included with the doc.s they emailed, so if I were doing it again I’d probably just send the signed doc.s and the check via fedex.
    See everyone at AKV - we should meet over by the night vision goggles or @ Victoria Falls :)
     
  9. TK-Tampa

    TK-Tampa Earning My Ears

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    I have been extremely impressed with Mason. I am waiting for points on the resale BC, but my direct resort is AKV. Always wanted to try the night vision goggles and I live in Florida - so I can meet in AKV just about any time. PM me if you are serious about a rendezvous.
     
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  10. JereMary

    JereMary Mouseketeer

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    That sounds great! I love the night vision viewing area!
     
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  11. JereMary

    JereMary Mouseketeer

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    .....AND Victoria Falls! :-)
     
  12. missbecca

    missbecca Mouseketeer

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    As a first time buyer looking forward to closing late this week/early next week (fingers crossed!) how would I know when the contract is added onto my account, or when the points are loaded? Do I need to wait until I receive my member number from DVC to be able to access this information?
     
  13. MissLiss279

    MissLiss279 DIS Veteran

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    For me, I was able to call Member Administration 8 or 9 days after I closed. They gave me my member ID and Club ID, then transferred me to Member Services to get my online activation number. Or you can wait to get your Member letter, if you don’t have a reservation that you are waiting to make. I just updated my post to state that I just received my letter:
    https://www.disboards.com/threads/closing-time.3392820/page-228#post-60394545
     
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  14. missbecca

    missbecca Mouseketeer

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    Thanks so much!
     
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  15. Moocabn2258

    Moocabn2258 Mouseketeer

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    Jul 19, 2015
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    Just passed ROFR!

    Home: SSR
    Broker: DVC Resale Market
    Title Company: Magic Vacation Title
    Offer made: 3/7/19
    Offer accepted: 3/8/19
    Sent to ROFR: 3/12/19
    Passed ROFR: 3/26/19
    Closing docs received:
    Buyer’s closing docs returned:
    Seller’s closing docs returned:
    Closing:
    Deed recorded on OC site:
    Contract Visible on member site:
    Points in my account:
    Member letter received:
     
  16. Moocabn2258

    Moocabn2258 Mouseketeer

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    Hi all! Quick question for you. Below is the note I got from the Broker. It says they issue closing documents once Disney issues the estoppel and that it can take 2-3 weeks after waiver??? Seems like everyone received their closing documents in less time than that. Do they just over estimate?

    Note from broker:

    "Disney waived ROFR on your contract and so it will now go to the title company for closing. About 2-3 weeks after waiver, Disney will issue the estoppel certificate to the title company.

    Here is a brief timeline of the remaining steps:

    1) Once the title company receives the estoppel they can prepare and send the closing documents to you.

    2) Once the documents are returned by both parties, the title company can close the contract and you will be notified.

    3) Lastly, the contract is recorded and a copy is sent to Disney for Membership transfer which typically takes 10-14 days."
     
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  17. dumaresq

    dumaresq Earning My Ears

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    It depends on your Broker and Title company. Some of them are much faster, others (like mine seem to only operate when you poke them....
     
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  18. skippytx

    skippytx Bay Lake Tower

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    They generally overestimate to play it safe. I had closing docs 8 calendar days after ROFR was waived. My resale transaction moved quickly though, 35 days I think from offer to deed being recorded. (That is not normal and should not be expected)

    Better to under promise and over deliver.
     
  19. missbecca

    missbecca Mouseketeer

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    I have the same broker and title company that you’ve listed, and I received my closing documents 3 days after closing. Congrats on passing ROFR!
     
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  20. jodybird511

    jodybird511 Mouseketeer

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    Oct 31, 2014
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    I'm guessing your broker is DVC Resale Market, Moocabn? I received an almost identical email from them just this morning in reply to my inquiry about our contract that passed ROFR on 3/4. :)
     
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  21. Moocabn2258

    Moocabn2258 Mouseketeer

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    Good to know! Thank you.
     

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