Need for escrow
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Original Message:
Need for escrow (by R P.):
tmassa7 wrote:I have a potential buyer, but he doesn't want to pay the escrow fees, saying he can do it cheaper by himself . . .Am I SAFE selling this way?
Many buyers close their own timeshare purchases. Have you asked for a down payment or earnest money? If so, I wouldn't worry about it ..... if the sale doesn't go through and the deed is not changed into the buyer's name then the timeshare will still be yours plus the earnest money.
I, myself, always chose a reliable timeshare closing company which also includes escrow, but I never had a buyer that wanted to do the closing themselves.