Closing Time!!

[Liquidice]

When you got your ROFR Waiver, did you receive any actual paperwork from the Broker? I didn't get anything other than an email. There are reports that the ROFR Waiver wording changed on August 11th, 2020 and I want to know what it says... I emailed my broker but they haven't responded yet. My ROFR was on 8/24/2020, so I would fall under the new ROFR wording I assume.

 

[LilyJC]

Did you get a notification of some kind that closing was processed?

You will typically hear from the title company agent handling your account. You may still be waiting for sellers to return their closing docs which can take weeks. Feel free to reach out to the title company to see what’s going on, and then if you have a Florida resort, you can check for deed closing at:

https://or.occompt.com/recorder/web/

 

[twilightzone81]

When you got your ROFR Waiver, did you receive any actual paperwork from the Broker? I didn't get anything other than an email. There are reports that the ROFR Waiver wording changed on August 11th, 2020 and I want to know what it says... I emailed my broker but they haven't responded yet. My ROFR was on 8/24/2020, so I would fall under the new ROFR wording I assume.

Rumour has is Riviera may now be included for resale contracts...watch this space!

 

[twilightzone81]

Is the length of time from Deed to membership email usually longer for brand new member?

 

[Liquidice]

Rumour has is Riviera may now be included for resale contracts...watch this space!

Yeah I posted that on DVCFan on FB That is why I want to see my ROFR Waiver paperwork, I passed on 8/24/20, so I would be included in the "new wording". I posted it here on disboards too in the rumor forum with all of the details I have currently.

 

[twilightzone81]

Yeah I posted that on DVCFan on FB That is why I want to see my ROFR Waiver paperwork, I passed on 8/24/20, so I would be included in the "new wording". I posted it here on disboards too in the rumor forum with all of the details I have currently.

I’m a 24th August ROFR ‘passer’ too. It’s all very interesting!!

Is this the wording that has changed?

My waiver paperwork states:
“Resale contracts purchased for the existing 16 Disney Vacation Club Resorts will only be able to exchange Points into those 16 Disney Vacation Club Resorts.”

The documents I signed on offer state:
“Resale contracts purchased for the existing 14 Disney Vacation Club Resorts will only be able to exchange Points into those 14 Resorts.”

 

[Liquidice]

I just got my waiver paperwork, and the wording you posted is the change. 16 resorts instead of 14. What are the extra 2 resorts? I am assuming Riviera is one ... it specifically says not reflections. Could the DVC Tower in California be the other? I don't actually know.

 

[Ruttangel]

I just got my waiver paperwork, and the wording you posted is the change. 16 resorts instead of 14. What are the extra 2 resorts? I am assuming Riviera is one ... it specifically says not reflections. Could the DVC Tower in California be the other? I don't actually know.

It’s AKVK and AKVJ split as two resorts

 

[Lorana]

UPDATED: Contract appeared today!! Now just waiting on points.

Home: Copper Creek (CCV) -- Resale Contract #2
Broker: www.*************.com
Title Company: TRCS
Offer made: 07/14/2020
Offer accepted: 07/15/2020 (1 day)
Sent to ROFR: 07/15/2020 (0 day)
Passed ROFR: 08/24/2020 (40 days)
Closing docs received: 09/01/2020 (8 days)
Closing docs returned: 09/03/2020 (2 days)
Seller returned closing docs: 09/09/2020 (8 days)
Closing: 09/10/2020 (1 day)
Deed recorded: 09/10/2020 (0 days)
Contract Showing on Membership: 09/30/2020 (20 days)
Points in account:

TIME TOTAL: 78 days and counting...
offer to ROFR: 41 days
ROFR passing to Closing: 17 days
Closing to Points in Account: 20 days and counting...

******
Here is my experience so far, as I’ve done numerous mostly small contracts:

Closed Contracts (offer to points in account):

BRV Resale - 43 days - www.FidelityResales.com / Mason
AKL Resale #1 - 49 days - www.DVCbyResale.com / Mason
AKL Resale #2 - 40 days - www.DVCStore.com / Mason
AKL Resale #3 - 80 days - www.DVCResaleMarket.com / Magic Vacation Title (start of Covid)
CCV Resale #1 - 91 days - www.FidelityResales.com / Mason (Covid, end-May to end-August)
SSR Resale - 120 days - www.*************.com / TRCS (Covid, May to September)

In progress:
CCV Small Resale #2 - www.*************.com / TRCS - 41 days to pass ROFR, 17 days to deed recorded, 20 days to contract appearing, 78 total days so far, waiting for points (offer made 7/14, sent to ROFR 7/15, closed 9/10, contract appearing 9/20)
CCV Small Resale #3 - www.FidelityResales.com / Mason - 48 days to pass ROFR, 20 days to close (due to seller taking 20 days), 77 total days so far, waiting for contract to appear (offer made 7/15, sent to ROFR 7/21, closed 9/21)
SSR Small Resale #2 - www.FidelityResales.com / Mason - 25 days so far, waiting for ROFR (offer made 9/5, sent to ROFR 9/14)
HHI Small Resale - www.*******.com / Hayes Title - 13 days so far, waiting for ROFR (offer made 9/17, sent to ROFR 9/21)
VGC Small Resale #1 & #2 - www.FidelityResales.com / First American - 10 total days so far, waiting for ROFR (offer made 9/20, sent to ROFR 9/25)

 

[LadybugsMum]

@Lorana, how many do you have left?

 

[Lorana]

@Lorana, how many do you have left?

I know, I know, I have a problem! We just picked up some good small contracts when we were able to get some good deals. Honestly, if the VGCs had come along sooner, I would not have picked up that 50-point SSR and 50-point HHI!

I have (embarrassed to say) 5 currently in the works right now. 2 small CCV contracts that have closed; one just showed up in my account today and the other still not in my account. And then the SSR, HHI, and VGC (the VGC is 2 contracts, but they were submitted together under one contract in order to bundle closing costs so I didn't need to pay closing twice). I did debate whether it was worth losing my deposits to back out of the SSR and HHI and we decided no for now, that we'd rather take them and the decide if we want to flip all our SSR and HHI in a couple of years.

 

[HMfan82]

Home: VGF
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 7/12/20
Offer accepted: 7/12/20
Sent to ROFR: 7/14/20
Passed ROFR: 8/18/20
Closing docs received: 9/1/20
Closing docs returned: 9/4/20
Sellers closing docs returned: 9/3/20
Closing: 9/8/20
Deed recorded: 9/10/20
Contract Showing on Membership: 9/30/20
Points in account

I’m just waiting on the points to load so I can start booking our first DVC stay. I was expecting at least another week for the transfer to finish but I just got both emails from Disney this afternoon within minutes of each other with my ID and my activation code.

 

[macman123]

Home: SSR
Broker: www.dvcresalemarket.com
Title Company: Mason Title
Offer made: 8/16/2020
Offer accepted: 8/17/2020
Sent to ROFR: 8/30/2020
Passed ROFR: 9/18/2020
Closing docs received: 9/25/2020
Closing docs returned: 9/25/2020
Sellers closing docs returned:
Closing:
Deed Recorded:
Contract showing on Membership:
Points in account:

 

[E2ME2]

Could someone give me a general timeline of what all my next steps will be? I returned my closing documents and wired my money last Wednesday and they confirmed that they received. What are all my next steps that I will be waiting for and will they update me with each one? What has been the general timeframe currently. Thanks!

Next steps - look at the post immediately above yours - and see all the key steps formatted. I've seen resale go through all of those steps in less than 60 days, and I've seen it take longer than 90 days, but I would use 90 as a heuristic.
Here - I cut/pasted from another post. You can copy & fill in the blanks.......

Offer made:
Offer accepted:
Sent to ROFR:
Passed ROFR:
Estoppel Received:
Closing docs received:
Closing docs returned:
Sellers closing docs returned:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

 

[JavaDuck]

home: VGC
Broker: www.dvcresalemarket.com
Title Company: American Title
Offer made: 9/22/20
Offer accepted: 9/22/20
Sent to ROFR: 9/30/20
Passed ROFR:
Estoppel Received:
Closing docs received:
Closing docs returned:
Sellers closing docs returned:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

 

[twilightzone81]

Home: VGF
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 7/12/20
Offer accepted: 7/12/20
Sent to ROFR: 7/14/20
Passed ROFR: 8/18/20
Closing docs received: 9/1/20
Closing docs returned: 9/4/20
Sellers closing docs returned: 9/3/20
Closing: 9/8/20
Deed recorded: 9/10/20
Contract Showing on Membership: 9/30/20
Points in account

I’m just waiting on the points to load so I can start booking our first DVC stay. I was expecting at least another week for the transfer to finish but I just got both emails from Disney this afternoon within minutes of each other with my ID and my activation code.

Ooh you're a brand new DVC member? I am too so it's exciting to see a deed date of September 10th - mine was recorded September 11th. I won't be refreshing my emails all day though.... honest....

 

[Jon84]

Home: Saratoga Springs Resort
Broker: www.dvcstore.com
Title Company: Mason
Offer made: 08/13/2020
Offer accepted: 08/13/2020
Sent to ROFR: 08/15/2020
Passed ROFR: 09/17/2020
Closing docs received: 09/29/30
Closing docs returned:09/29/30
Seller returned closing docs:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

 

[IsamarV14]

Home: Vero Beach
Broker: Fidelity resales
Title Company: First American
Offer made: 8/14/2020
Offer accepted: 8/21/2020 (7 days)
Sent to ROFR: 8/26/2020
Passed ROFR: 9/24/2020 (31 days)
Closing docs received:
Closing docs returned:
Sellers closing docs returned:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

Currently waiting on estoppel. It's only been a week since waiting but getting impatient, as it is our first contract lol I've been seeing waits of a month in some posts. Anyone seeing anything faster?

 

[MBTigger]

Finally got my account email . When points are loaded I will update and summarize

 

[Jon84]

Finally got my account email . When points are loaded I will update and summarize

Congrats! How long did it take?!