Original Message:
Re: Diamond Resorts raises maintenance fees again! (by Lance C.):
daveb430 wrote:Anyone know what closing costs are even involved and what they are?
Closing costs are generally what it costs for a closing company to legally execute a transfer of ownership from one party to another. I don't know if you own (or have owned) a house. When you bought it, you had to pay closing costs to a lawyer who would legally register the property in your name.
For timeshares, the costs can range from $150 to $350. Legal Timeshare Transfers will do it, if there is no escrow involved, for about $150. Another recommended one is JRA (timeshareresaleclosings.com) who will do it with all the bells and whistles for about $300.
Then you have to factor in resort transfer fees. For instance, Wyndham will charge an additional $299 transfer fee if you have a Wyndham property.
So if you're in the process of a sale or giveaway, make sure both parties in the transaction are aware of the costs involved and agree as to who will pay these fees.