Can you please review these fees for resale?

[RX8]

Can someone with resale knowledge please review these fees/closing costs and advise if they are reasonable? This is from one of the recommended brokers. I am checking for a friend (for real!).

Closing cost - $775
Transfer Fee - $995
HGVC Club Dues - $209
Estoppel - included
Club Activation - $655

I know closing costs may be negotiable. It sure what goes into the Transfer Fee.

Thanks!

 

[SmithOp]

2023 Club Rules and Fees

Hilton Grand Vacations Club Fee Schedule EFFECTIVE JANUARY 1ST, 2023 2023 CLUB DUES TRANSACTION TYPE FEES Annual Club Dues - Domestic $199 Annual Club Dues - International $234 Annual Inclusive Club Dues - Domestic $336 Annual Inclusive Club Dues - International $363 ACTIVATION...

tugbbs.com

2024 Club Rules isn't out yet. Transfer fee seems high.

 

[dayooper]

Where is this at? Is this MarBrisa? That $995 transfer is pretty high. I paid around $425 2 years ago. I believe MarBrisa had a very high transfer fee, though.

 

[GT75]

Transfer Fee - $995

The ownership change fee is $460. I have no idea where the $995 is from.

The closing costs are maybe mid-range. I have seen between $500-$995.

 

[RX8]

Yes, Marbrisa.

I assume that the $995 transfer fee includes the $460 ownership change fee, estoppel, and the points statement but that is still about $250 less than the $995.

 

[raddoc]

Yes, Marbrisa.

I assume that the $995 transfer fee includes the $460 ownership change fee, estoppel, and the points statement but that is still about $250 less than the $995.

Transfer fee is a Hilton charge and is $460 as @GT75 mentioned. Should not be any higher than that.

$775 is more than the $250ish that LT Transfers charges but that amount is par for the course when working with a broker. I have read about a few people being able to bring that number down but that is consistent with what I have paid for resale closings with a broker.

Estoppel is currently $89 (so you can add that the the $460 you're being charged for transfer fee and you're still being charged $466 too much). $655 is the activation fee charged by Hilton directly and the dues are the dues.

 

[dayooper]

Yes, Marbrisa.

I assume that the $995 transfer fee includes the $460 ownership change fee, estoppel, and the points statement but that is still about $250 less than the $995.

Then the transfer fee is probably legit and would be that price for anybody. That’s what I remember MarBrisa being a couple of years ago. The $750 is high. 2 years ago LT Transfers charged me around $400 including escrow.

 

[Volcom32001]

Here are my fees for my last purchase a few months ago.
BLVD EOY
Estoppel $89
Transfer $460
Admin $99
Closing $450
Hilton Activation $655(Billed by HGVC)
HGVC Club Dues - $199(Billed by HGVC)

 

[Lodemia]

Certain properties (district and Hawaii) require taxes to be paid as well. I just closed on a district, and here were my costs:
Doc Prep: $250
Recording/Tax: $356
Transfer Fee; $460
Estoppel $89
Postage $25

$1180 altogether

Plus $655 activation. I’m already a member so no $209 for me.

This was using LT Tranfers, who has the most economical prices I’ve found.

There might be more included than meets the eye. IMO, It’s maybe $500 high but not completely unreasonable, assuming you bought it for the “right price”