Congratulations on the purchase or sale of your timeshare!
The next step is to transfer the ownership from the Seller to the Buyer. Resort Closings, Inc. is here to make sure that your timeshare closing experience is the best that it can be. We offer several different timeshare transfer options. If you are unfamiliar with some of the terms or vocabulary, or are unsure which option is best for you, please read this informative article, written by the owner of the company. And feel free to browse the Frequently Asked Questions, which contains a glossary of timeshare terminology.
Note: Title Insurance is recommended for all deeded real estate transfers. Title Insurance is the only way to insure that the property you are purchasing has no mortgage, judgment, tax lien or other encumbrance burdening the title and thereby negatively affecting its value. If you are interested in acquiring Title Insurance please call us for a quote. This closing includes:
- Document Preparation
We professionally draft the documents necessary to transfer ownership (typically a deed)
- Perform an Account Search
We contact the resort and get a signed letter verifying the seller's ownership.
(This is extremely important, you do not want to buy a timeshare with unpaid maintenance fees or buy the wrong size unit, etc.)
- Property Tax Verification
We contact the county assessor's office where the the property is located and verify that the property taxes have been paid.
- Provide Purchase Contract and/or Settlement Statement
These documents inform each party what exactly they are buying and what their financial responsibilities are at the closing.
- Collection of funds
We collect all the funds necessary to transfer ownership and hold that money in a secure escrow account until the transfer is complete.
- Ownership Document Processing and Resort Notification
We process transfer documents and/or record the deed and forward a copy to the Resort and the Buyer (sales tax and recording fees not included).
- Attorney Reviewed Closings
All closings are reviewed by our in-house Attorney to assure accuracy.
This option is not available for some properties deeded in the Bahamas, Puerto Rico or the US Virgin Islands. Please contact us to see if this closing option is available for your particular property.
| Basic Closing (without Account Search or Title Insurance) |
| $350.00^* |
Note: Recommended for Buyers who are purchasing a timeshare from a family member or close friend. No account search is completed on the property and no title insurance is issued. It is up to the Buyer to research the details on the property that they are purchasing.
- Document Preparation
We professionally draft the documents necessary to transfer ownership (typically a deed)
- Collection of funds
We collect all the funds necessary to transfer ownership and hold that money in a secure escrow account until the transfer is complete.
- Ownership Document Processing and Resort Notification
We process transfer documents and/or record the deed and forward a copy to the Resort and the Buyer (sales tax and recording fees not included).
- Attorney Reviewed Closings
All closings are reviewed by our in-house Attorney to assure accuracy.
- We perform all the above without an account search. (By choosing this option the buyer must be aware that there will be no verification of the Seller's ownership or the status of their account with the resort).
- Note: This option is not available for properties that require a right of first refusal waiver or properties located outside the continental United States.
^ Transferral of banked usage from seller to buyer is subject to a $50 document processing fee.
* The closing cost(s) stated above can be honored in most areas of the country. However, if your property is located outside the U.S., in New York City, is on land managed by the Bureau of Indian Affairs or if other issues arise incurring unexpected expense then additional costs may apply to the closing. |
