Closing Time!!

[RachStu]

Out of interest as an existing DVC member, if you buy re-sale do you still get a 'welcome email'?
Or is the new contract and points just added to your existing account?

I’ve just added a resale contract as an existing member and I received an email from DVC to say the contract had been added to my membership and that it would take 7-10 days for the points to be added.

 

[LadybugsMum]

I got an email from my broker saying "The Disney Vacation Club package that you purchased was sent to Disney for Right of First Refusal TODAY. "

Same here.

 

[Hopfather28]

Home: PVB
Broker: resales.*******.com
Title Company: TRCS, Inc.
Offer made: 5/10/20
Offer accepted: 5/10/20
Sent to ROFR: 5/11/20
Passed ROFR: 6/18/20
Closing docs received:7/8/20
Closing docs returned:7/8/20
Seller returned closing docs:?
Closing:7/13/20
Deed recorded:7/14/20
Contract Showing on Membership: 8/14/20
Points in account: 8/15/20

Will update as this progresses. (Edited 8/16)

 

[macman123]

Out of interest for existing DVC members, how long does it take after sending to County to register does the contract take to show on your account?
Is it around 30 days?

I assume once its added its a further week or so to see the points?

 

[dulyon]

Home: Boardwalk Villa (BVW)
Broker: Buy & Sell DVC
Title Company: TRCS
Offer made: 05/08/2020
Offer accepted: 05/09/2020
Sent to ROFR: 05/11/2020
Passed ROFR: 06/18/2020
Closing docs received: 7/8/2020
Closing docs returned: 7/9/2020
Seller returned closing docs:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

Home: Boardwalk Villa (BVW)
Broker: Buy & Sell DVC
Title Company: TRCS
Offer made: 05/08/2020
Offer accepted: 05/09/2020
Sent to ROFR: 05/11/2020
Passed ROFR: 06/18/2020
Closing docs received:
Closing docs returned:
Seller returned closing docs:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

 

[dancef150]

How do we know when the seller receives or returns closing documents?

 

[EatMoreVeg]

How do we know when the seller receives or returns closing documents?

Sometimes you don't! I know for us, we had waited to send the remaining funds until the seller returns closing documents, so usually we get an email from the broker to let us know when they have received them. But if you send in your closing documents and funds together, you might not know when the seller returned theirs.

 

[RachStu]

Out of interest for existing DVC members, how long does it take after sending to County to register does the contract take to show on your account?
Is it around 30 days?

I assume once its added its a further week or so to see the points?

34 days for me. Points not yet showing. I’m on day 4 Post the contract being added to my membership.

 

[Lorana]

How do we know when the seller receives or returns closing documents?

I've always asked the title company to let me know when the seller has returned documents. But ever since I had one seller take 30+ days to return closing documents after I wired over final payment, I now wait to send final payment until the seller has returned their documents. This means the title company is also always informing me when the seller returns their documents so that I can wire the funds over.

 

[Lorana]

Some progress!

Home: Saratoga Springs Resort (SSR)
Broker: Buy & Sell DVC
Title Company: TRCS
Offer made: 05/08/2020
Offer accepted: 05/08/2020
Sent to ROFR: 05/11/2020
Passed ROFR: 06/18/2020
Closing docs received: 7/8/2020 (late evening)
Closing docs returned: 7/9/2020
Seller returned closing docs:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

TIME TOTAL: 62 days and counting...
offer to ROFR: 41 days
ROFR passing to Closing: 21 days and counting...
Closing to Points in Account:

 

[dancef150]

I've always asked the title company to let me know when the seller has returned documents. But ever since I had one seller take 30+ days to return closing documents after I wired over final payment, I now wait to send final payment until the seller has returned their documents. This means the title company is also always informing me when the seller returns their documents so that I can wire the funds over.

I didn't even know that waiting for payment was an option. I can see why it would be helpful to.

 

[Lorana]

I didn't even know that waiting for payment was an option. I can see why it would be helpful to.

I didn't either! Let me tell you, I was bemoaning it at the time. Even if I had kept it in just savings, I could have earned a little bit of interest in those 30 days (and more if I had kept it invested!). Now that I know I CAN wait to make final payment till the seller returns their docs, I do it all the time.

 

[ammo]

I didn't either! Let me tell you, I was bemoaning it at the time. Even if I had kept it in just savings, I could have earned a little bit of interest in those 30 days (and more if I had kept it invested!). Now that I know I CAN wait to make final payment till the seller returns their docs, I do it all the time.

Thanks for the tip. One time I had multiple sellers living in different states, and getting them to return docs was the biggest lag in the process. Although I understand it can be tough for sellers to get everything notarized, I would think they are in a hurry to get paid!

 

[macman123]

34 days for me. Points not yet showing. I’m on day 4 Post the contract being added to my membership.

Thanks

 

[jwmob91]

Out of interest for existing DVC members, how long does it take after sending to County to register does the contract take to show on your account?
Is it around 30 days?

I assume once its added its a further week or so to see the points?

Our recording date with Orange County was 5/21. Still not showing on our account. I emailed member administration and they just received on 6/24. Not sure what the delay was, but hopefully by the end of July!

 

[Ehazelto05]

Home: Old Key West (OKW)
Broker: Jeffrey C. Sweet
Title Company: Resales DVC
Offer made: 05/10/2020
Offer accepted: 05/10/2020
Sent to ROFR: 05/11/2020
Passed ROFR: 06/18/2020
Closing docs received: 7/9/2020
Closing docs returned: 7/10/2020
Seller returned closing docs:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

 

[Deswank]

Home: Saratoga Springs
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 04/08/2020
Offer accepted: 04/08/2020
Sent to ROFR: 04/14/2020
Passed ROFR: 04/23/2020
Closing docs received:5/19/2020
Closing docs returned:5/20/2020 (mailed off!) Hopefully the seller doesn’t take too long.
Seller returned closing docs:?
Closing:5/28/2020
Deed recorded:5/29/2020
Contract Showing on Membership: 7/2/2020 (got membership email)
Points in account:7/10/2020 asked about points over chat and got pixie dust!

 

[JoshF]

Home: Saratoga Springs
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 04/08/2020
Offer accepted: 04/08/2020
Sent to ROFR: 04/14/2020
Passed ROFR: 04/23/2020
Closing docs received:5/19/2020
Closing docs returned:5/20/2020 (mailed off!) Hopefully the seller doesn’t take too long.
Seller returned closing docs:?
Closing:5/28/2020
Deed recorded:5/29/2020
Contract Showing on Membership: 7/2/2020 (got membership email)
Points in account:7/10/2020 asked about points over chat and got pixie dust!

How did you pass ROFR so fast? I'm on day 31.

 

[Deswank]

How did you pass ROFR so fast? I'm on day 31.

They were going super fast right after they closed.

 

[BrianR]

Home: Old Key West (OKW)
Broker: Jeffrey C. Sweet
Title Company: Resales DVC
Offer made: 05/10/2020
Offer accepted: 05/10/2020
Sent to ROFR: 05/11/2020
Passed ROFR: 06/18/2020
Closing docs received: 7/9/2020
Closing docs returned: 7/10/2020
Seller returned closing docs:
Closing:
Deed recorded:
Contract Showing on Membership:
Points in account:

Did Jeffrey C. Sweet send e-docs for closing or paper? Been a few weeks for us, but I'm afraid the closing docs will show up in the mail when we're at WDW later next week.