Closing Time!

[Disdreaming479]

Home Resort: SSR 150
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 8/9/22
Offer accepted: 8/10
Sent to ROFR: 8/13
Passed ROFR: 9/5
Closing docs received: 9/12
Closing docs returned: 9/12 buyer
Closing docs returned: 9/13 seller
Closing: 9/16
Deed recorded: 9/16
Contract Showing on Membership (new member): 10/19
Points in account: 10/21

Days Total: 70

Home Resort: SSR 250
Broker: DVC Resale Market
Title Company: Magic Vacation Title
Offer made: 8/12
Offer accepted: 8/12
Sent to ROFR: 8/13
Passed ROFR: 9/5
Closing docs received: 9/12
Closing docs returned: 9/12 buyer
Closing docs returned: 10/3
Closing: 10/5
Deed recorded: 10/6
Contract Showing on Membership (new member):
Points in account:

Days Total:

 

[LadybugsMum]

Home Resort: VGF
Broker: www.*************.com/
Title Company: Mason
Offer made: 9/20
Offer accepted: 9/20
Sent to ROFR: 9/21
Passed ROFR: 10/8
Closing docs received:
Closing docs returned (buyer):
Closing docs returned (seller):
Closing:
Deed recorded:
Contract Showing on Membership (new member):
Points in account:

Days Total: 18 so far

 

[Sunnyore]

Home Resort: BLT
Broker:
Title Company: Mason Title
Offer made: 08/30
Offer accepted: 08/31
Sent to ROFR: 09/01
Passed ROFR: 09/15
Closing docs received: 09/16
Closing docs returned: 09/18
Closing funds received: 09/19
Closing:
Deed recorded:
Contract Showing on Membership (existing member):
Points in account:

Days Total:


Have not heard back from Mason Title regarding the sellers closing docs or closing date. Beginning to think the seller is backing out.

Ouch, I would definitely reach out to your broker to find out status. The brokers I’ve used all have been great about giving me an update if there will be any delays etc. and it would be within a week. I’ve always sent my money right away but withholding the funds until seller’s closing docs are received is sound advice for the future.

 

[OlieRow]

Final Update!!


Home Resort: BWV
Broker: www.****************.com
Title Company: Mason (Cammy)
Offer made: 8/9/22
Offer accepted: 8/9/22
Sent to ROFR: 8/10/22
Passed ROFR: 9/2/22 (Fri late afternoon before Labor Day)
Closing docs received: 9/6/22 (Tues late morning after Labor Day)
Closing docs returned: 9/6/22
Closing: 9/13/22
Deed recorded: 9/13/22
Contract Showing on Membership (new member): 10/3/22 (emails came at 8:05p and 9:45p)
Points in account: 10/8/22 (via chat on 2nd attempt)

Days Total: 60 days



Used the chat today to have my points loaded and promptly snagged the first night in a studio for an early May trip. Gotta get friends to decide which 2BR we're going to use for the rest of the week. Thankful for a smooth process and for everyone here who posted their info to help me know what to expect. I say I'm not buying any more points until Poly 2.0 but I've lurked here long enough to know that's not always how it works!

 

[Stargazer65]

Home Resort: BLT
Broker:
Title Company: Mason Title
Offer made: 08/30
Offer accepted: 08/31
Sent to ROFR: 09/01
Passed ROFR: 09/15
Closing docs received: 09/16
Closing docs returned: 09/18
Closing funds received: 09/19
Closing:
Deed recorded:
Contract Showing on Membership (existing member):
Points in account:

Days Total:


Have not heard back from Mason Title regarding the sellers closing docs or closing date. Beginning to think the seller is backing out.

There should be a closing deadline on the paperwork. I had a similar circumstance, my closing deadline was 6 weeks from when the paper was sent out. The seller took longer. The title company notified the broker, who contacted the seller. The seller apologized and asked for a few days grace, and got them in 5 days after the deadline. So we closed a week after the deadline. Sometimes the seller is going through a rough patch and just gets behind on things.
Anyway, all you can do until the closing deadline is ask the broker and title company to poke the seller. After the deadline you can either bail out, or wait it out like I did.

 

[varyth]

Home Resort: VGC
Broker: https://www.fidelityrealestate.com/
Title Company: Mason Title & Escrow (Cammy)
Offer made: 8/19/2022
Offer accepted: 8/19/2022
Sent to ROFR: 8/23/2022
Passed ROFR: 9/9/2022 (Cammy sent closing docs) or 9/13/2022 (Broker coordinator notified me of ROFR waiver)
Closing docs received: 9/9/2022
Closing docs returned (buyer): 9/9/2022
Closing docs returned (seller): 9/13/2022
Funds sent: 9/13/2022
Closing: 9/15/2022
Deed recorded: 9/15/2022
Contract Showing on Membership (new UY):
Points in account:

Days Total:

FINAL UPDATE

Home Resort: VGC
Broker: https://www.fidelityrealestate.com/
Title Company: Mason Title & Escrow (Cammy)
Offer made: 8/19/2022
Offer accepted: 8/19/2022
Sent to ROFR: 8/23/2022
Passed ROFR: 9/9/2022 (Cammy sent closing docs) or 9/13/2022 (Broker coordinator notified me of ROFR waiver)
Closing docs received: 9/9/2022
Closing docs returned (buyer): 9/9/2022
Closing docs returned (seller): 9/13/2022
Funds sent: 9/13/2022
Closing: 9/15/2022
Deed recorded: 9/15/2022
Contract Showing on Membership (new UY): 10/3/2022 (First noticed, no e-mails)
Points in account: 10/10/2022 (Via chat, second attempt)

Days Total: 52 days

 

[wings91]

Home Resort: BLT
Broker:
Title Company: Mason Title
Offer made: 08/30
Offer accepted: 08/31
Sent to ROFR: 09/01
Passed ROFR: 09/15
Closing docs received: 09/16
Closing docs returned: 09/18
Closing funds received: 09/19
Closing:
Deed recorded:
Contract Showing on Membership (existing member):
Points in account:

Days Total:


Have not heard back from Mason Title regarding the sellers closing docs or closing date. Beginning to think the seller is backing out.

UPDATE: Title company says closing is tomorrow. No explanation (not really necessary). But that or a minor apology would have been nice seeing everyone else closes a few days after funds are received and this has been three weeks.

 

[Stargazer65]

Today is 3 weeks since closing, starting to check my account this week. No contract yet as of last night...

Home Resort: BRV
Broker: https://www.dvcresalemarket.com/
Title Company: Magic Vacation Title
Offer made: 6/28
Offer accepted: 6/28
Sent to ROFR: 6/30
Passed ROFR: 8/2
Closing docs received: 8/3
Closing docs returned (buyer): 8/8
Closing docs returned (seller): 9/19
Closing: 9/21
Deed recorded: 9/26
Contract Showing on Membership (existing member):
Points in account:

Days Total (so far): 108

 

[Disdreaming479]

Today is 3 weeks since closing, starting to check my account this week. No contract yet as of last night...

Home Resort: BRV
Broker: https://www.dvcresalemarket.com/
Title Company: Magic Vacation Title
Offer made: 6/28
Offer accepted: 6/28
Sent to ROFR: 6/30
Passed ROFR: 8/2
Closing docs received: 8/3
Closing docs returned (buyer): 8/8
Closing docs returned (seller): 9/19
Closing: 9/21
Deed recorded: 9/26
Contract Showing on Membership (existing member):
Points in account:

Days Total (so far): 108

Approaching 4 weeks on one of mine… this wait is much worse than rofr.

 

[PoptartsAndMickey]

Approaching 4 weeks on one of mine… this wait is much worse than rofr.

That's the truth! I gambled on banked 2020 points, and knowing I'm just waiting on Disney to try and book anything is killing me.

 

[Stargazer65]

Approaching 4 weeks on one of mine… this wait is much worse than rofr.

That's the truth! I gambled on banked 2020 points, and knowing I'm just waiting on Disney to try and book anything is killing me.

IKR! Everything with this contract seems to be going on the late side. More than a month for ROFR, a really late closing. I thought maybe I'd get lucky and the contract would load early....nope.

 

[Laurawill]

Today is 3 weeks since closing, starting to check my account this week. No contract yet as of last night...

Home Resort: BRV
Broker: https://www.dvcresalemarket.com/
Title Company: Magic Vacation Title
Offer made: 6/28
Offer accepted: 6/28
Sent to ROFR: 6/30
Passed ROFR: 8/2
Closing docs received: 8/3
Closing docs returned (buyer): 8/8
Closing docs returned (seller): 9/19
Closing: 9/21
Deed recorded: 9/26
Contract Showing on Membership (existing member):
Points in account:

Days Total (so far): 108

Tomorrow will mark 4 weeks since closing and I am still waiting for my emails… but nice to see I am not the only one that had to wait 5 days between closing and deed recording.

And I concur that this wait is harder than rofr. I have paid all this money and I can’t play with my shiny new toy!!

 

[JGINPL]

Anyone know what the turn around time is on Deeds being recorded for Aulani Resale purchases? I'm working my way through ROFR and am hoping to close in November and hopefully get some points to use by the end of January before they expire. I know I will be cutting it close.

 

[Disdreaming479]

Tomorrow will mark 4 weeks since closing and I am still waiting for my emails… but nice to see I am not the only one that had to wait 5 days between closing and deed recording.

And I concur that this wait is harder than rofr. I have paid all this money and I can’t play with my shiny new toy!!

Yes the Paid in Full status AND having to wait is real torture! I’m checking email like a stalker.

 

[Hhay1015]

Home Resort: Boardwalk
Broker: DVC Store
Title Company: Mason Title
Offer made: 8/8
Offer accepted: 8/8
Sent to ROFR: 8/9
Passed ROFR: 9/8
Closing docs received: 9/12
Closing docs returned (buyer): 9/12
Closing docs returned (seller): ?
Closing: 9/20
Deed recorded: 9/21
Contract Showing on Membership (new member): 10/11
Points in account: 10/12 (called Member Services)

 

[Junebug2]

Tomorrow will mark 4 weeks since closing and I am still waiting for my emails… but nice to see I am not the only one that had to wait 5 days between closing and deed recording.

And I concur that this wait is harder than rofr. I have paid all this money and I can’t play with my shiny new toy!!

We’re also waiting for our deed to be recorded. We closed on 10/7. It doesn’t look like Monday was a holiday based on other recordings…
I really wanted to book an end of January trip at SSR or AKL, but I doubt we’ll be able to.

 

[Laurawill]

We’re also waiting for our deed to be recorded. We closed on 10/7. It doesn’t look like Monday was a holiday based on other recordings…
I really wanted to book an end of January trip at SSR or AKL, but I doubt we’ll be able to.

Who is your title co?

 

[Junebug2]

Who is your title co?

Magic Vacation Title

 

[KimMcGowan]

Approaching 4 weeks on one of mine… this wait is much worse than rofr.

But you are only saying that because you passed ROFR.

 

[discreet]

But you are only saying that because you passed ROFR.

The result of the contract showing up affects your next 11 months of booking.
The result on ROFR affects your next 20+ years of booking.

At least that's what I'm telling myself while waiting for my contract to show up.