Closing Time!!

[UrsulaWantsYourSoul]

My brand new, shiny, DVC account showed up 8 days ago. I'm being ever so patient waiting for my points to load....honest. Whilst I was refreshing my account every two seconds patiently waiting, I explained 'addonitus' to my husband. He is not pleased with this concept Personally I blame you lot

I appreciate live for humor brought about by crossed out words in posts . Here's praying hoping today is the magical day your points show up in your account! . I find it fun to discuss the ideal contract for Addonitis. AKA if X resort, X points, X use year for X$ popped open... how could we say no?!?

 

[MBTigger]

POINTS IN ACCOUNT!
My Final Tally!

Home: SSR
Broker: www.fidelityresales.com
Title Company: First American
Offer made: 06/06/2020
Offer accepted: 06/08/2020
Sent to ROFR: 06/12/2020
Passed ROFR: 07/23/2020
Closing docs received: 08/06/2020
Closing docs returned: 08/07/2020
Seller returned closing docs: ?
Closing: 9/5/2020
Deed recorded: 9/9/2020
Contract Showing on Membership:10/1/2020
Points in account:10/9/2020

Day in ROFR - 41 days
ROFR Passed to Closing - 44 days
Closing to having an account - 26 days
Account Creation to points loaded - 8 days

TOTAL From offer accepted to points in account 123 days! Almost a month longer than I was originally hoping for, but almost all of that extra time was sellers waiting to return closing docs....

 

[Kylie_1504]

This is our first DVC contract so I am a little unsure of the terminology, does the below comment from an email I received today mean we are up to the ‘closed’ step and we are now waiting for the deed to be recorded?

Also to log into DVC page do they link it via you email address or is it some sort of ID number?

‘Disney has been notified of the change of ownership. Please allow Disney some time now to complete the transfer. The points can take up to 30 business days to show in your account upon completion of the transfer.

Disney will provide you a welcome letter by regular mail once the Transfer is completed.

The Owner’s Policy, Recorded Deed and Closing Reserve refund will be mailed to you within 1-2 business days.’

 

[twilightzone81]

I have points!!! And with that our first contract is completed. Now just the small matter of being allowed to actually come over from the UK

Home: SSR
Broker: www.*************.com
Title Company: TRCS inc
Offer made: 7/16/20
Offer accepted: 7/16/20
Sent to ROFR: 7/17/20
Passed ROFR: 8/24/20 (38 days)
Closing docs received: 9/2/20
Closing docs returned: 9/3/20
Sellers closing docs returned: 9/8/20 (approx)
Closing: 9/11/20
Deed recorded: 9/11/20
Contract Showing on Membership: 10/1/20
Points in account: 10/9/20

85 days in total.

 

[ValW]

Home: BWV
Broker: www.**********.com
Title Company: Jeffrey C. Sweet, Attorney at Law
Offer made: 08/28/2020
Offer accepted: 08/28/2020
Sent to ROFR: 08/28/2020
Passed ROFR: 09/29/2020
Closing docs received: 10/05/2020
Closing docs returned: 10/05/2020
Seller returned closing docs: 10/08/2020
Closing: 10/09/2020
Deed recorded: 10/09/2020
Contract Showing on Membership:
Points in account:

My first contract. So excited. I think the next 2 steps will be the longest wait ever.

 

[gofrogs]

So we have a direct contract account, but are waiting on resale contracts to close in different use years. People keep saying you will have a different log in for each. Can someone explain that? I have 1 email account, how am I going to have multiple “log ins”?

 

[MM0422]

So we have a direct contract account, but are waiting on resale contracts to close in different use years. People keep saying you will have a different log in for each. Can someone explain that? I have 1 email account, how am I going to have multiple “log ins”?

Your login to the member site should be the same. You’ll just have different membership numbers for each different use year. There will then be a drop down in each membership for each contract number within that membership. Clear as mud?

 

[lephelps]

One final update...YAY!

Home: OKW
Broker: www.dvcstore.com
Title Company: Mason
Offer made: 7/11/2020
Offer accepted: 7/11/2020
Sent to ROFR: 7/12/2020
Passed ROFR: 8/17/2020
Closing docs received: 8/27/2020
Closing docs returned: 8/27/2020
Seller returned closing docs: 9/2/2020 (deed was missing the witness signature so that one took a few more days)
Closing: 9/11/2020
Deed recorded: 9/11/2020
Membership Created and Contract Showing: 9/30/2020
Points in account: 10/9/2020

90 days from making our offer to becoming DVC members and having the points in our new membership. My weekend has been made. ☺

 

[Madmavis]

This is our first DVC contract so I am a little unsure of the terminology, does the below comment from an email I received today mean we are up to the ‘closed’ step and we are now waiting for the deed to be recorded?

Also to log into DVC page do they link it via you email address or is it some sort of ID number?

‘Disney has been notified of the change of ownership. Please allow Disney some time now to complete the transfer. The points can take up to 30 business days to show in your account upon completion of the transfer.

Disney will provide you a welcome letter by regular mail once the Transfer is completed.

The Owner’s Policy, Recorded Deed and Closing Reserve refund will be mailed to you within 1-2 business days.’

Congratulations! Your deed usually shows on the comptrollers website within a couple of days of closing so now you’re waiting for two emails from Disney giving you your info needed to log into the DVC website. It will take a couple of weeks to receive them. Once that is complete then it’s another couple of weeks to receive your points. You’re almost there. Unfortunately you have a little more waiting.

 

[ABE4DISNEY]

Home: OKW(E)
Broker: www.fidelityresales.com
Title Company: First American
Offer made: 6/16/20
Offer accepted: 6/16/20
Sent to ROFR: 6/24/20
Passed ROFR: 7/30/20
Closing docs received: 8/13/20
Closing docs returned: 8/14/20
Seller returned closing docs: 9/8/20
Closing: 9/9/20
Deed recorded: 9/10/20
Contract showing on Membership: 9/30/20
Points in account: 10/08/20 (114 Total Days)


Home: PVB
Broker: www.dvcsales.com
Title Company: Mason Title
Offer made: 7/23/20
Offer accepted: 7/23/20
Sent to ROFR: 7/24/20
Passed ROFR: 9/1/20
Closing docs received: 9/10/20
Closing docs returned: 9/11/20
Seller returned closing docs: 9/14/20
Closing: 9/15/20
Deed recorded: 9/16/20
Contract showing on Membership: 10/02/20
Points in account: 10/10/20 (79 Total Days)

Hooray--all finished!!

 

[E2ME2]

Home: OKW(E)
Broker: www.fidelityresales.com
Title Company: First American
Offer made: 6/16/20
Offer accepted: 6/16/20
Sent to ROFR: 6/24/20
Passed ROFR: 7/30/20
Closing docs received: 8/13/20
Closing docs returned: 8/14/20
Seller returned closing docs: 9/8/20
Closing: 9/9/20
Deed recorded: 9/10/20
Contract showing on Membership: 9/30/20
Points in account: 10/08/20 (114 Total Days)


Home: PVB
Broker: www.dvcsales.com
Title Company: Mason Title
Offer made: 7/23/20
Offer accepted: 7/23/20
Sent to ROFR: 7/24/20
Passed ROFR: 9/1/20
Closing docs received: 9/10/20
Closing docs returned: 9/11/20
Seller returned closing docs: 9/14/20
Closing: 9/15/20
Deed recorded: 9/16/20
Contract showing on Membership: 10/02/20
Points in account: 10/10/20 (79 Total Days)

Hooray--all finished!!

A Tale of 2 Closings !
79 Days is pretty good.
They both look like the ROFR process was about the same.
Seller was slower on OKW &
Deed Recording & Disney's action on points was significantly faster on the PVB contract.
It's always a crap-shoot.

 

[MBTigger]

Home: OKW(E)....... (Edit)
Points in account: 10/08/20 (114 Total Days)

Home: PVB...... (Edit)
Points in account: 10/10/20 (79 Total Days)
Hooray--all finished!!

Seeing as I followed your odyssey because it started about the same time as mine, I am glad you have all the points. I already made a rez for march at BWV! (I'll need an extra night or two on property - but I can either get a couple nights at a moderate or rent points...)

 

[ABE4DISNEY]

A Tale of 2 Closings !

It's always a crap-shoot.

One of my favorite books! And, yes, always a crap-shoot!

Seeing as I followed your odyssey because it started about the same time as mine, I am glad you have all the points. I already made a rez for march at BWV! (I'll need an extra night or two on property - but I can either get a couple nights at a moderate or rent points...)

Thanks! Now I just have to figure out what to do with the points. I have family members who still don't want to go all day in masks...so hoping Covid just disappears!

 

[Jessi10722]

Home: AUL
Broker: DVCResaleMarket.com
Title Company: First American Vacation
Offer made: 6/25/2020
Offer accepted: 6/25/2020
Sent to ROFR: 6/26/20220
Passed ROFR: 8/3/2020
Closing docs received: 08/20/20
Closing docs returned: 08/25/20
Seller returned closing docs:
Closing:
Deed recorded: 09/15/2020
Contract Showing on Membership: 10/01/2020
Points in account: 10/10/2020

Final update!! Points showed up today! Perfect timing since I have til the end of the month to bank this years points 107 days from offer made to points as a new DVC member.

 

[Lorana]

UPDATED: and now it’s done, as points appeared today!

Home: Copper Creek (CCV) -- Small Resale Contract #3
Broker: FidelityResales.com
Title Company: Mason
Offer made: 07/15/2020
Offer accepted: 07/15/2020
Offer contract received and sent in with deposit: 07/16/2020
Seller returned offer contract: 07/20/2020
Sent to ROFR: 07/21/2020
Passed ROFR: 09/1/2020
Closing docs received: 09/4/2020
Closing docs returned: 09/4/2020
Seller returned closing docs: 09/20/2020
Closing: 09/21/2020
Deed recorded: 09/21/2020
Contract Showing on Membership: 10/04/2020 (13 days)
Points in account: 10/10/2020 (6 days)

TIME TOTAL: 87 days
offer to ROFR: 48 days
ROFR passing to Closing: 20 days
Closing to Points in Account: 19 days


******
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, Feb-May)
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)
CCV Resale #2 - 86 days - www.*************.com / TRCS (Covid, July to October)
CCV Small Resale #3 - 87 days - www.FidelityResales.com / Mason (Covid, July to October)

In progress:
SSR Small Resale #2 - www.FidelityResales.com / Mason - 35 days so far, waiting for ROFR (offer made 9/5, sent to ROFR 9/14)
HHI Small Resale - www.*******.com / Hayes Title - 23 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 - 21 total days so far, waiting for ROFR (offer made 9/20, sent to ROFR 9/25)

 

[Jon84]

Home: Vero Beach Resort
Broker: www.*************.com
Title Company: TRCS
Offer made: 7/21/2020
Offer accepted: 07/22/2020
Sent to ROFR: 07/22/2020
Passed ROFR: 09/01/2020
Closing docs received: 09/10/2020
Closing docs returned: 09/10/2020
Seller returned closing docs:09/15/2020
Closing: 09/16/2020
Deed recorded:09/16/2020
Contract Showing on Membership: 10/1/2020
Points in account: 10/11/2020

And we’re done!!

 

[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:10/07/2020
Closing: 10/09/2020
Deed recorded: 10/10/2020
Contract Showing on Membership:
Points in account:

Just waiting on Disney now!

 

[redc]

Just an update:
redc---$90-$21,373-210-AUL-Aug-0/19, 186/20, 210/21, 210/22
Home: Aulani
Broker: DVC Resale Market dvcresalemarket.com
Title Company: First American Title (Honolulu)
Offered 8/08/2020
Countered / Accepted 8/09/2020
Sent to Disney ROFR 8/11/2020
PASSED ROFR 9/14/2020 (34 days)
Received Closing Docs from Escrow Agent 9/24/2020
Returned Closing Docs to Escrow Agent 9/25/2020
Seller returned closing docs:: 10/02/2020
Sent money: 10/05/2020
Closing: 10/08/2020 (61 days from offer)
Deed recorded: //
Contract Showing on Membership: //
Points in account: //

 

[redc]

Just an update:
redc---$90-$21,373-210-AUL-Aug-0/19, 186/20, 210/21, 210/22
Home: Aulani
Broker: DVC Resale Market dvcresalemarket.com
Title Company: First American Title (Honolulu)
Offered 8/08/2020
Countered / Accepted 8/09/2020
Sent to Disney ROFR 8/11/2020
PASSED ROFR 9/14/2020 (34 days)
Received Closing Docs from Escrow Agent 9/24/2020
Returned Closing Docs to Escrow Agent 9/25/2020
Seller returned closing docs:: 10/02/2020
Sent money: 10/05/2020
Closing: 10/08/2020 (61 days from offer)
Deed recorded: //
Contract Showing on Membership: //
Points in account: //

 

[sbarisch]

Updating with closing and deed recording...

Updating:

Home: BWV
Broker: www.dvcresalemarket.com
Title Company: Magic Vacation Title
Offer made: 8/16/2020
Offer accepted: 8/16/2020
Sent to ROFR: 8/18/2020
Passed ROFR: 9/22/2020 (35 days)
Closing docs received: 10/2/2020
Closing docs returned:10/3/2020
Sellers closing docs returned: Unk
Closing: 10/9/20
Deed recorded: 10/12/20 (55 days from offer)
Contract Showing on Membership:
Points in account:

Now just the wait for the membership letter and points!

*edited to add days from offer calculation