Is that the final price ?

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Original Message:

Is that the final price ? (by KC):

alim64 wrote:
The price that is listed on the site for re-sales, is that the final price or are there additioanl fees for closing and transferring title/deed?

There are always closing costs for any and every timeshare transaction (estoppel, preparation and recording of new deed, etc.), regardless of where advertised. Figure on several hundred dollars, at a minimum. More often than not, there is also a separate "transfer fee" imposed by the resort itself; a gratuitous but mandatory fee imposed just to process the change in ownership (and billing) records after the resort receives a copy of the new recorded deed in the new owner's name. Transfer fees range from zero (rare, these days) to $699 (Hyatt timeshares), but an average, representative transfer fee is often $100 or $150. Some Mexican RTU contracts cost several thousand dollars to transfer, which is utterly absurd "legal larceny".

Closing costs and transfer fee are completely negotiable between a buyer and a seller. Sometimes they are just are "split" down the middle. It really depends on how "motivated" the seller is. A really motivated seller will often pay all closing costs and the transfer fee to "seal the deal".

I will point out that any prices you see listed in ads, regardless of the advertising site, are merely asking prices. You can always offer less, if you think it's overpriced. The seller may or may not be willing to negotiate, again depending on how "motivated" they are. Some sellers have a completely unrealistic (delusional, actually) notion of the actual resale value of their timeshare, particularly if they originally bought (i.e., grossly overpaid) by purchasing directly from a developer. The original price paid to a developer is completely irrelevant in terms of the value of any timeshare in the secondary (resale) market today. No one cares even one little bit about the amount someone originally overpaid to a developer --- the secondary market value simply "is what it is". The marketplace value, much like water, always finds it own level.