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Re: SELLING MY TIMESHARE (by Carvan A.):

ken1193 wrote:

urbanlj wrote:

judy1197 wrote:

does anyone know a good closing company that won't charge too much if I sell my timeshare? I am trying to price my timeshare low enough to sell but a low closing price would also help.

I have the same problem.

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I've had experience with several different timeshare closing companies over the years, as both buyer and seller. I believe that you should expect to pay a minimum of $250 for a reputable, well established closing company. Estoppel letters and resort transfer fees are NOT included in that amount. Deed preparation and recording fees ARE included in that amount.

You should be aware in advance that most closing companies do NOT offer their services for closings in ALL states, for a variety of reasons I won't bore you with. My personal favorite closing company is Timeshare Transfer, located in Vero Beach, FL. That's all they do and they do it well (I have absolutely no affiliation with the company, except as a satisfied customer) . That said, they do NOT handle closings for about half the states in the U.S. When I refer to a "state", I specifcally mean the state in which the timeshare is located -- it does not matter at all where either the buyer or seller lives (except in those instances where either the buyer or seller lives outside the U.S., buying a U.S. timeshare). I have also seen references to JRA Services as another closing company charging a comparable fee, but since I do not personally know anyone who has used their services, I can't comment on JRA Services. Good luck.

You say many closing companies do not include estoppel letters as part of their service. What is an estoppel letter in the context of selling a timeshare and why would these estoppel letters be needed? You also say that resort transfer fees are not included in the typical $250 closing fee. Does that mean the closing company does not notify the resort that the ownership has been transferred? I am thinking that high on my list of things I want the closing company to do is notify the resort of the transfer so that I don't get future maintenance fee bills. My closings have always included a notification to the resort. The typical notification fee can range from $75 for a Marriott resort to $500 for a Hyatt resort.