Closing Time!

[snowy82]

Second update!

Home Resort: BWV
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 2/9
Offer accepted: 2/9
Sent to ROFR: 2/10
Passed ROFR: 2/24 (14 days)
Estoppel Issued: 2/24
Closing docs received: 3/11 (15 days)
Buyer Closing docs returned:
Seller Closing docs returned:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

 

[CathoDad22]

Second update!

Home Resort: BWV
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 2/9
Offer accepted: 2/9
Sent to ROFR: 2/10
Passed ROFR: 2/24 (14 days)
Estoppel Issued: 2/24
Closing docs received: 3/11 (15 days)
Buyer Closing docs returned:
Seller Closing docs returned:
Closing:
Deed recorded: 4/14
Contract Showing on Membership:
Points in account:

Can I ask how you know the deed record date will be 4/14?
Only asking because I also just got my closing docs… I sent them back last night.

 

[vdangelo239]

Just from my anxiety i would probably call both lol Just to confirm that the seller has signed the papers and everything. I have seen on here that some of the sellers take a bit of time.

We close Monday finally

 

[CathoDad22]

Home Resort: SSR
Broker: https://www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 2/13/2023
Offer accepted: 2/13/2023
Sent to ROFR: 2/14/2023
Passed ROFR: 2/24/2023
Closing docs received: 3/10/2023
Closing docs returned: 3/10/2023 (Buyer), 3/20/23 (Seller)
Funds wired: 3/13/2023
Closing:
Deed recorded:
Contract Showing on Membership (new member):
Points in account:

 

[snowy82]

Can I ask how you know the deed record date will be 4/14?
Only asking because I also just got my closing docs… I sent them back last night.

Ah! That’s from my last contract!!

 

[CathoDad22]

Ah! That’s from my last contract!!

That makes me feel better. Ha. I thought I was going to have to wait another month.

 

[Astylla]

Update !

Home Resort: Vero Beach
Broker: www.dvcresaleexperts.com
Title Company: Mason Title
Offer made: 1/5/23
Offer accepted: 1/6/23
Sent to ROFR: 1/8/23
Passed ROFR: 1/25 ( 17 days)
Closing docs received: 1/30/23
Buyer Closing docs returned: 2/23/23
Funds wired: 2/24/2023
Closing: 2/27/23
Contract Showing on Membership ( New member): 3/6/23
Points in account: 3/7/23

 

[DonMacGregor]

Closing: 2/27/23
Contract Showing on Membership ( New member): 3/6/23
Points in account: 3/7/23

That's a pretty good turnaround for getting your account set up. Just a few months ago, Disney was taking 2+ weeks to add new contracts for existing members. 7 days including a weekend is nice.

 

[beldred]

I've not yet been on the Seller side, but as a buyer - I've always turned my documents around within 1 Business Day.
I think if I were to sell, I would be turning them around even faster ! ??

The seller's have a little more to do, including having to get a notary for their signatures. So that means finding a time when all sellers on the contract can go in person to a notary. If people work long hours or have work, kids, other responsibilities it can take a bit to squeeze in a time during business hours to get to one.

 

[ClaraOswald]

I've noticed that some people receive and return their closing docs the same day while others have a gap of days or weeks. Is there a reason for this or is it just a personal thing?

 

[DonMacGregor]

I've noticed that some people receive and return their closing docs the same day while others have a gap of days or weeks. Is there a reason for this or is it just a personal thing?

I return mine the same day whenever possible (unless, say, I don't receive them until late in the day). I'm far enough up the corporate totem pole that I can do as I please time-wise during the week, so that needs full disclosure. However, just about every UPS store offers notary services anymore, so it's hard to find a reason not to find some time. Most are also open on Saturdays and Sundays, but you do need to call ahead to make sure the notary is there.

Side note: most states allow (but verify on your own) the notary to serve as one of the witnesses, and you can usually use another UPS store employee as your other witness (and they don't charge extra for witness signatures, unlike some notaries)

 

[ClaraOswald]

I return mine the same day whenever possible (unless, say, I don't receive them until late in the day). I'm far enough up the corporate totem pole that I can do as I please time-wise during the week, so that needs full disclosure. However, just about every UPS store offers notary services anymore, so it's hard to find a reason not to find some time. Most are also open on Saturdays and Sundays, but you do need to call ahead to make sure the notary is there.

Side note: most states allow (but verify on your own) the notary to serve as one of the witnesses, and you can usually use another UPS store employee as your other witness (and they don't charge extra for witness signatures, unlike some notaries)

Oh...so I'm dumb and didn't realize everything wasn't done online. So when we receive closing docs is that via real mail or email? Then we have to take them to a notary and mail them back? Do you have to mail them a special way so they are safe or what?

 

[tom1944]

Oh...so I'm dumb and didn't realize everything wasn't done online. So when we receive closing docs is that via real mail or email? Then we have to take them to a notary and mail them back? Do you have to mail them a special way so they are safe or what?

Mine came yesterday by email.

I will send them back tomorrow.

 

[DonMacGregor]

Oh...so I'm dumb and didn't realize everything wasn't done online. So when we receive closing docs is that via real mail or email? Then we have to take them to a notary and mail them back? Do you have to mail them a special way so they are safe or what?

DVC uses an online notary for their financing, so everything is electronic. Resale title companies typically send the docs via email, and you sign and have notarized any docs requiring notarization and wet signatures. The title company typically provides you with either a UPS or FedEx packing label and you send the docs back in that manner.

 

[Sandisw]

Oh...so I'm dumb and didn't realize everything wasn't done online. So when we receive closing docs is that via real mail or email? Then we have to take them to a notary and mail them back? Do you have to mail them a special way so they are safe or what?

The notary piece is for the seller and not the buyer...with the exception of financing, and maybe Aulani???

 

[ClaraOswald]

The notary piece is for the seller and not the buyer...with the exception of financing, and maybe Aulani???

Oh. So since we're the buyer and NOT financing...we can do every single step online? (We're in ROFR right now but I want to make sure I'm prepared.)

 

[Sandisw]

Oh. So since we're the buyer and NOT financing...we can do every single step online? (We're in ROFR right now but I want to make sure I'm prepared.)

You should be able to if the title company you use is using docusign and electronic signatures.

 

[ClaraOswald]

You should be able to if the title company you use is using docusign and electronic signatures.

It's Mason title. Not sure what they use so I guess we'll see.

 

[dizzy.cali]

Home Resort: CCV
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 2/6/23
Offer accepted: 2/6/23
Sent to ROFR: 2/7/23
Passed ROFR: 2/23/23
Closing docs received: 3/10/23
Closing docs returned: 3/12/23 (buyer)
Funds wired: 3/13/23
Closing:
Deed recorded:
Contract Showing on Membership (new member):
Points in account:
Days Total:

 

[Canchaser143]

It's Mason title. Not sure what they use so I guess we'll see.

Mason Title has been AMAZING! Those who have been waiting a long time for closing docs are using the other title companies. Mason appears to consistently be the quicker option Cammy truly is awesome.