We'd encourage you to contact the owner of the posting directly in order to learn more about any additional fees that may apply. Sometimes, owners cover closing costs and other times, may ask that the buyer help with them. Since preference varies so much, the best way to get an accurate idea of any additional fees is to reach out directly.
I will add that with some "chains" there is a very hefty "transfer fee" (which is separate from all other closing costs) when a timeshare ownership changes hands. It's close to $700 for Hyatt properties, $200 for Wyndham properties. Even small "independents" ofter charge a transfer fee, but generally only in the $100 range. These "transfer fees" really have nothing to do with other closing costs. It's basically a gratuitous (but mandatory) charge imposed by the resort for the simple task of making the necessary changes in their owner (and maintenence fee billing) records and database.
Since a "transfer fee" is usually NOT included as part of customary closing costs (regardless of the closing entity involved), it's beneficial for buyer and seller to both know the resort-imposed "transfer fee" amount and agree in advance whether that gratuitous (but unavoidable) charge will be paid by the buyer or by the seller.
For what it's worth, I've used LT Transfers (located in Georgia) as a closing entity for numerous timeshare transactions as both buyer and seller over the past decade or so. To the best of my knowledge, they are actually the lowest cost closing entity around. Small business, nice folks and highly competent. I am not "advertising" for them, just pointing out their existence solely from the perspective of a satisfied customer in multiple transactions over the past 10+ years; I have no other affiliation or agenda.
Last edited by ken1193 on Mar 29, 2023 12:05 PM
I have paid first$375 and second I paid &425 and I am supposed to get my rental tomorrow sept 27 and sept 30th , the guy who is calling himself red week closing and his phone now it’s not working he was supposed to call me today no answer so I am requesting my money back from red week if not I know now this is fraud have to report to bbs and to may be police it’s not right doing this to me
