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Clueless on Selling

snc

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I need some help! I have put my timeshare up for sale and need clarification how to proceed if I get a buyer. 1. Who pays for the transfer/closing? I am willing to pay if that motivates the buyer. I'm not sure if this is a smart thing to do. 2. What is the first step after a buyer is interested? 3. I have been reading the posts here about the different transfer/closing companies and I see LT Transfer is highly regarded. My home resort advised I use Hawaii Document Services because Hawaii properties can be tricky to transfer. True or false?? I want to get the highest level of service and have it done correctly, so using a reliable transfer service is a big priority. If the buyer wants to use their company, how do I know it'll be done right?
Thank you for all and any insight, I just want to do this legally and as painlessly as possible.
 

silentg

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Where did you put your timeshare up for sale? At the resort? On Tug? Need more details to be of help to you.
Silentg
 

snc

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Where did you put your timeshare up for sale? At the resort? On Tug? Need more details to be of help to you.
Silentg
It's for sale on TUG only for now. I posted the ad about a week ago. I received a couple of interested parties, but after I asked some questions, I never heard back.
 

Passepartout

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Generally, whoever pays selects the closing company. But like all things, it's negotiable. I'd write LTTransfers and ask if they do Hawaii resort transfers, otherwise use whoever the resort recommends.

Good Luck!

Jim
 

DeniseM

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LTT definitely does Hawaii transfers - I have used them multiple times for Hawaii transfers. I would bet that Hawaii Document Services charges a lot more.

Generally, the person who selects the title company pays for it, but if you have to give away your timeshare just to get rid of it, you may have to pay for the title transfer to sweeten the pot.

Once you find a buyer, the next step it to have both parties complete a purchase agreement and LTT will provide that at no extra cost. As soon as you find a buyer - contact LTT and they will walk you through the entire process.

L.T. Transfers
www.lttransfers.com
readylegal@gmail.com
706.219.2709
 

TheTimeTraveler

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Here is the LT Transfer website. They are ethical and do a great job. Contact them and they can handle the sale for you once you obtain a buyer.



www.LTTransfers.com




Structure the agreement to ensure that your deal goes thru. If you need to pay the closing costs then it is a small price to pay to unload something which is costing you money each year.

Best of luck!




.
 
Last edited:

silentg

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LT has handled a lot of our transactions. Recommend them highly!
Silent g
 

echino

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LT Transfers cannot handle Hawaii escrow. Otherwise if you don't need escrow, then LT Transfers is the way to go!
 

snc

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LT Transfers cannot handle Hawaii escrow. Otherwise if you don't need escrow, then LT Transfers is the way to go!
By escrow, do you mean the transaction of monies for the property?
 

echino

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If your timeshare is cheap and you agree to be paid by the buyer directly, then you don't need escrow. You negotiate with your buyer on the timing of payment. But if there is a significant amount of money involved, then you would want to protect yourself with an escrow. The buyer will pay upfront to a licensed third party which will hold the money during the whole process and will pay you in the end, after the timeshare is transferred to the buyer. This costs money, and in addition you will be forced to use an expensive Hawaii title company.
 

snc

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If your timeshare is cheap and you agree to be paid by the buyer directly, then you don't need escrow. You negotiate with your buyer on the timing of payment. But if there is a significant amount of money involved, then you would want to protect yourself with an escrow. The buyer will pay upfront to a licensed third party which will hold the money during the whole process and will pay you in the end, after the timeshare is transferred to the buyer. This costs money, and in addition you will be forced to use an expensive Hawaii title company.
Gotcha!! Thank you.
 

cali-gal

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During my purchase at the Ka'anapali Beach Club a couple of years ago, LT Transfers was used, and I was very pleased with their service. Great communication and very quick turnaround of documents. I plan to use them again with the sale of a different unit at the KBC that a friend is purchasing.
 

snc

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I wanted to say thanks for all the very good advice on selling my timeshare. The entire process took just over a month! The best thing I did was to find TUG! I researched and read everything TUG had to offer before I started this adventure. TUG made it possible to do what I thought would be "the impossible." I have referred people and will continue to praise TUG for a long time to come. :cheer::clap::whooopie::banana:
 
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