As the title states, I just completed a private resale (purchase) for Kierland. This is a 1 bedroom (large) annual gold week. Both parties lived out of state, so it was done by mail. No agents or 3rd parties involved.
Overall, a pretty smooth transaction - but it did take almost 6 months!
- Late August 2015: Purchase agreement signed. Seller had to draw up a new title, we both signed, and sent it to the Maricopa County Clerk for recording.This took FOREVER! Seller actually had to do this twice (some kind of error the first time)
- Late December 2015: Learned the title had been recorded. Seller then sent a copy of the recorded title to Starwood to make sure he was completely removed from SVN.
- Early February 2016: I received a very generic computer generated statement confirming SVN's acknowledgment of my ownership and the contract number. SVN had set up a new ownership accounts even though the title information was exactly the same as my existing SVN property. I asked them to "merge" the accounts so I could combine Options if I wanted, and of course also to avoid a 2nd SVN annual fee.
- Mid February 2016: My SVN owner account now shows both weeks, everything is kosher and correct.
Overall, a pretty smooth transaction - but it did take almost 6 months!
