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-   -   Buying process (http://www.disboards.com/showthread.php?t=3205769)

amytheobald 12-03-2013 12:13 PM

Buying process
 
Is there an average length of time in purchasing/closing/being able to book points? I want to take a trip next Nov. but am wondering if I shouldn't just plan on that trip being a cash trip, wondering if there will be enough time to purchase a contract, close and book what I want. We plan on buying resale

Msmithmd 12-03-2013 12:35 PM

There will be time, if you bid on a contract now. Generally you will be set up with membership ready to book within 60 days of accepted offer. And that would put you well before the seven month window for next November.

Further, you would be able to find "something" at less than six months in all likelihood. Maybe not your home resort but something.

So bid away. And, you can always make a cash reservation and cancel it later as your backup plan.

disneynutz 12-03-2013 09:24 PM

It has taken some resale buyers 75 days. You are dependent on the seller, broker, closing company, and Disney doing everything in a timely fashion.

:earsboy: Bill


browniemtb 12-04-2013 10:02 AM

Buying resale there will be a wait.....going through Disney I believe you could book pretty much right away.

Msmithmd 12-04-2013 10:30 AM

Brownie is correct. For buying at VGF anyway-or another resort where there isn't a wait list for those points.

Buying direct from Disney is more convenient, faster in most cases, allows you to book more quickly, and doesn't have the resale usage restrictions (which don't amount to much anyway).

The ONLY advantage to resale is the cost savings. But that's the only advantage you need. In my personal case, buying resale saved me $18,000 versus direct purchase for the 300 points that I own. And that's a figure that speaks for itself.

sndral 12-04-2013 02:21 PM

Quote:

Originally Posted by disneynutz (Post 50202297)
It has taken some resale buyers 75 days. You are dependent on the seller, broker, closing company, and Disney doing everything in a timely fashion.

:earsboy: Bill


From my initial offer 9/5/13, to receiving the letter from Disney w/ my member number, which Disney mailed 11/25/13, it took 84 days. It would have moved along faster if my sellers had been speedier.

Disneyepcot 12-05-2013 10:33 PM

I am happy to say that from my initial offer on Oct 28 to my points being loaded and ready to use at DVC today, Dec 5, was 39 days. Disney's part to load my points took 10 days.

I realize that somehow I got lucky, but I can happily recommend using the Timeshare Store. :)

LorieDisneyLover 12-05-2013 11:36 PM

Quote:

Originally Posted by Disneyepcot (Post 50214843)
I am happy to say that from my initial offer on Oct 28 to my points being loaded and ready to use at DVC today, Dec 5, was 39 days. Disney's part to load my points took 10 days.

I realize that somehow I got lucky, but I can happily recommend using the Timeshare Store. :)

WOW that's got to be a record! Never ever seen a timeline that short. How many days did ROFR take?

Disneyepcot 12-06-2013 07:19 AM

Quote:

Originally Posted by LorieDisneyLover (Post 50215021)
WOW that's got to be a record! Never ever seen a timeline that short. How many days did ROFR take?

We were first on a standby list for a resale property that did not sell to the original buyer. I assume the ROFR papers were already on Disney's desk since:

9 days--ROFR
+ 8 days--rec'd closing papers
+ 12 days--escrow closed
+ 10 days--received points added to my existing account. (nothing in mail yet)

Total--39 days

Obviously, the seller helped with their prompt responses.

DanenRox 06-18-2014 08:58 AM

I realize this thread is a bit old but didn't want to start what's already been started. We just received word that our contract has closed. We are at 67 day and it will be about 10 days more (I'm told) till points are in my account. We have another DVC contract so I believe that will expedite this last leg of the process. Anyway, all things considered, it's almost over so Yay! But I have to say, I don't understand sellers who begin this process and then slow the whole timeline down by not being timely with their end of the paperwork. I know there are factors at play that I'm not aware of so shame on me for assumming it was just a choice to be slow. In fact, now I feel like a jerk. So let me revert to the most important statement in my rant...It's almost over so Yay! pixiedust:

judydvc 06-18-2014 09:59 AM

Even if both the buyers and sellers are prompt with sending their paperwork back (as it was in my case) it seems to take a lot of time. I think Disney waits with ROFR and other things to discourage buying resales. Or maybe I'm impatient!

disneynutz 06-18-2014 10:12 AM

Quote:

Originally Posted by judydvc (Post 51674904)
Even if both the buyers and sellers are prompt with sending their paperwork back (as it was in my case) it seems to take a lot of time. I think Disney waits with ROFR and other things to discourage buying resales. Or maybe I'm impatient!

Probably both! :goodvibes

Disney has increased their delay time for obvious reasons. Buying direct they can set up an account and load the points in a day. Resale buyers can wait up to 2 weeks.

:earsboy: Bill

wildforgoofy 06-18-2014 10:19 AM

Quote:

Originally Posted by DanenRox (Post 51674446)
I realize this thread is a bit old but didn't want to start what's already been started. We just received word that our contract has closed. We are at 67 day and it will be about 10 days more (I'm told) till points are in my account. We have another DVC contract so I believe that will expedite this last leg of the process. Anyway, all things considered, it's almost over so Yay! But I have to say, I don't understand sellers who begin this process and then slow the whole timeline down by not being timely with their end of the paperwork. I know there are factors at play that I'm not aware of so shame on me for assumming it was just a choice to be slow. In fact, now I feel like a jerk. So let me revert to the most important statement in my rant...It's almost over so Yay! pixiedust:

I do feel lucky that our seller was just as eager to sell as we were to buy. For us the longest wait was the 29 days for ROFR, once we passed that we closed 10 days later so 39 days total! We are new to DVC so getting our number will probably take longer, but I'm over the moon with how fast our resale went.
Congratulation on finally making it to the closing stage, I can imagine you're relieved and excited to have it done.

zumbergc 06-18-2014 04:59 PM

We are in process of buying resale. It is taking forever.
We got thru ROFR, and got our closing documents the end of May.
The seller still haven't turned in their paper work so we can close.

We started our process April 9, with turning in our contract, so even after closing which who ever knows when the sellers are going to turn in their paperwork. http://www.wdwinfo.com/images/smilies/guilty.gif

It is extremely frustrating because I want to book, and well after closing we still will have to wait to get put in the system.

I looked at our last contract and from start to finish, it was just over 1.5 months from the time we made initial contact until we closed but that was in '09.

disneynutz 06-18-2014 05:34 PM

Average time from start to reservation seems to be around 75 days.

:earsboy: Bill


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