Closing and Transfer Fee Costs

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By Brian M.

Closing and Transfer Fee Costs

What are the closing and transfer fee costs associated with buying a Timeshare thru a Redweek.com verified seller/ad?

Specifically, HIVC in Willaismburg VA, or Myrtle Beach SC.

Avatar for Brian M. Brian M.

2 years ago
Aug 28, 2017

By Ken C.

Closing and Transfer Fee Costs

brianm1053 wrote:
What are the closing and transfer fee costs associated with buying a Timeshare thru a Redweek.com verified seller/ad?

Specifically, HIVC in Willaismburg VA, or Myrtle Beach SC.

Why not submit your question directly to RedWeek customer service? You would likely get a more prompt and detailed response than by posing a question in these discussion forums.

"RedWeek verified" only means that the advertising seller (and the accuracy of the listing) has been independently confirmed to be the owner / week / unit that is being advertised; this really has nothing at all to do with closing costs and transfer fee costs. Instead of "RedWeek verified", did you perhaps instead intend to ask about a "full service listing", which is something entirely different? In either case, I'd offer the same answer, provided in my first sentence. Closing costs will vary if it''s NOT a "RedWeek full service" listing, since different closing companies charge different amounts.

Transfer fees are imposed buy a resort or company; RedWeek has absolutely no say or influence in that matter. Wyndham, for example, charges $299 per deed for Wyndham transfers. Hyatt charges twice that amount. Independent (non "chain") resorts generally charge a $100+ transfer fee (separate and apart from all other closing costs). I don't personally know anything about HIVC transfer fees.

Last edit by ken1193 on Sep 06, 2017 03:08 AM.

Avatar for Ken C. Ken C.

2 years ago
Aug 29, 2017

By Lance C.

I'll add to what Ken said above. In addition to the various timeshare companies' transfer fee, some resorts will charge an additional transfer fee of around $100 or so.

Then there are closing costs. You can find a good one like Timeshare Transfer or Legal Timeshare Transfers who will charge anywhere from $150-$300.

You will have to negotiate with the seller as to who will pay the closing costs and transfer fees. That has nothing to do with RedWeek unless the seller is using RedWeek's Full-Service. If you have to pay the closing costs, then I would recommend one of the two closing companies I just mentioned.

Avatar for Lance C. Lance C.

2 years ago
Aug 29, 2017

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