sELLING MY TIMESHARE
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Re: sELLING MY TIMESHARE (by Jay K.):
ken1193 wrote:90% of our closings the closing fees are paid by the Buyer at the time of closing. They are never prepaid. This applies to Hilton, Marriott, Hyatt, Westgate and all of the other resorts. Timeshare Resale Closing Services closes a lot of ours and Grand Vacation Title closes our Hilton sales. One of the scams we have heard is an advertising company that tells the Seller the upfront fee they are paying will also pay the closing costs. Not so.joycee31 wrote:I am new at all of this, so could you tell me if the closing cost for timeshare sales comes out of the monies of the sale of the house,or do I have to pay it myself ?Closing costs are MOST often assumed by the timeshare buyer, but it may be negotiable (although not often). Regardless of who is paying, independent timeshare closing companies (I don't know about the "chains" practices, like Marriott, Hyatt, etc.) require advance payment and will NOT take their fees out of closing proceeds. Timeshare sales / closings are procedurally different from the sale of a house, for example, where the realtor commissions and other fees come out of closing proceeds. Generally, not so in a timeshare sale.