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General DVC Discussion For discussion on how the DVC works and resort information. |
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24 Jan 20, 06:22 PM |
#1
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Imagineer
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How long to wait for your money
We used resalesDVC as recommended by several people on here to sell a DVC contract.
We closed on Tuesday just gone but are still waiting for our money. We've now been told it's likely not to arrive until next week. I was expecting it to be wired the day we closed, but when we chased them they said it was only sent yesterday (funnily enough just before we rang them). Should I be worried about why it's taking so long? All of you who have sold contracts how long did you wait after closing before you got your money?
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24 Jan 20, 06:46 PM |
#2
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Imagineer
Join Date: Jan 03
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Ours was five days but there was a delay because I hadn’t given them the BIC number required by Nationwide. That was over weekend too.
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24 Jan 20, 09:43 PM |
#3
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Imagineer
Join Date: Mar 04
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If you only closed on Tuesday I think you’re worrying too soon.
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25 Jan 20, 07:24 PM |
#4
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VIP Dibber
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My recent sale with them took 4 days from closing to the money arriving in my account. I don't think you need to worry yet.
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25 Jan 20, 09:05 PM |
#5
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Imagineer
Join Date: Jun 16
Location: God's Own Country
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They are real estate agents- much more heavily regulated in the US and the people with your money is actually the closing agent. Who was the closing agent? It will be in escrow.
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26 Jan 20, 12:43 AM |
#6
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Imagineer
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Agree the money will be in escrow and very safe. It may take a few days more but the money won't go missing! I would contact the closing agent Monday and ask.
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Disney CM in 2001-2002 - Happy Days |
26 Jan 20, 01:20 PM |
#7
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Thread Starter
Imagineer
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I'm sure you're all right guys and thank you for the reassurance.
No title company involved, the sale has been dealt with by a solicitors called Sweet Law. We were handed over to these people by resaleDVC once we got an offer. Other than put our points up for sale on their resales website they have done little else. All the solitons tell us when we contact them is that they have wired it. Fingers crossed it arrives Monday.
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Edited at 01:24 PM. |
26 Jan 20, 01:47 PM |
#8
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Imagineer
Join Date: Jun 16
Location: God's Own Country
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26 Jan 20, 01:50 PM |
#9
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Imagineer
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27 Jan 20, 04:55 PM |
#10
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Apprentice Imagineer
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I think ours took 4 days to surface in our UK bank, which was around the time I was expecting as a maximum. it may be 2020 but some of the banking systems are not even of this century! Weekends and end of day processing meant that our Friday closure and financial transfer didn't show in our account until Monday evening.
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Port Orleans FQ 1995 Riverside 1999 2001 2005 2012 Polynesian 1997 Boulder Ridge Villas 2002 2004 2005 2007 2008 2010 2011 2013 2017 2019 Beach Club Villas 2003 2006 2009 2012 2014 2015 2018 Boardwalk Villas 2016 |
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