I bought my Fairfield timeshare a few years back and we are now thinking of selling. I do not recall what we paid for closing(I do remember the sales guy telling me I was responsible for paying them), so I thought I would ask if someone here knows the average cost of closing for a timeshare property? Does it matter where the timeshare is located? Am I responsible as the seller? Or is it the buyers responsibility? Or is it negotiable?
I appreciate any help anyone can offer and I visit this forum often(used this company to rent-out a while back), so I'm sure someone can help.
Last edited by TAI_Staff; September 28th, 2007 at 11:04 AM.
The closing costs for a timeshare can vary depending on where the deed is recorded. When you buy from the resort you pay closing costs, so I would think that the buyer would be responsible for them when you sell.
Last edited by TAI_Staff; September 28th, 2007 at 11:06 AM.
When you purchase from the resort directly the closing costs are bundled into price paid for the timeshare, but with timeshare resale it can be negotiable.
Timeshare Adventures offers a 'No Closing Cost' option where we completely eliminate the cost of closing for both seller AND buyer. Our PLATINUM listed properties are advertised as having NO CLOSING COSTS and we have an attorney-run closing department to perform the closing as soon as buyer and seller have agreed to terms.
The idea here is to attract more buyers to our property listings by eliminating this obstacle and making the process simple for both buyer and seller.
The information posted at the following link elaborates further about this option.
I had a property at Marriott's Maui Ocean Club, however it's not convenient to travel that far West (I live in Michigan). My sister in California bought it from me and we ran into extra surcharges for Hawaiian closings . Apparentley the fees or the closing procedure of a vacation property can vary state to state.
Last edited by TAI_Staff; September 28th, 2007 at 11:02 AM.
The closing costs for a timeshare can vary depending on where the deed is recorded. When you buy from the resort you pay closing costs, so I would think that the buyer would be responsible for them when you sell.
Yes. A lot of factors varies!
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zynaidashiers
Last edited by TAI_Staff; October 26th, 2007 at 09:59 AM.
Have there been any changes in the cost of closing timeshare deals lately? If I don't choose your Platinum listing, what can I expect when I find a buyer for my timeshare? And is there a great variance in different states...like the Hawaii deal mentioned?
If I don't choose your Platinum listing, what can I expect when I find a buyer for my timeshare?
If you, as a timeshare seller, choose not to opt for our PLATINUM AD LISTING you can expect to possibly have the closing fees either paid by the buyer, yourself or arrange a split with the buyer of your timeshare. So, it could be entirely negotiable and perhaps an avoidable obstacle. From a buyers perspective, they would be much more attracted to a timeshare buy where the usual closing costs were eliminated. From a sellers perspective, they would be wise to increase the appeal of their timeshare by opting for a program that eliminates these costs and the potential hassles of closing cost negotiations.
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Have there been any changes in the cost of closing timeshare deals lately? And is there a great variance in different states...like the Hawaii deal mentioned?
Closing costs/fees are subject to change and there could be vary from area to area when it comes to what's required and what buyer and/or seller of the timeshare may choose, etc.
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TimeShare Adventures 1-800-581-7330
Last edited by TAI_Staff; November 7th, 2008 at 11:49 AM.
I bought a property at the Club Intrawest - Whistler, which is deeded in Canada. Is there anything different in the closing process for a property out side of the USA? I just want to make sure that when the property sells, I know exactly what I have to do. . .
Last edited by mel; November 20th, 2008 at 04:50 PM.
Great question! There are 3 Counties that I know of that will need an attorney from that specific country to assist & complete the Timeshare closing process. These countries include: Canada, Puerto Rico, and the Bahamas. All three of these countries need special assistance to complete the Timeshare closing transaction. Timeshare Adventures has established a relationship with attorneys in all 3 countries. So there will be no complications to get each and every ownership in those countries closed and sold.
Last edited by MsTSGuru; November 21st, 2008 at 11:04 AM.
Average Timeshare Closing Costs? 
Timeshare Closing Costs Can Vary 
. Apparentley the fees or the closing procedure of a vacation property can vary state to state.
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