• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Closing Costs

Putterperson

newbie
Joined
Oct 20, 2008
Messages
1
Reaction score
0
Location
Birmingham,AL
This is first time sell of a timeshare and need some help. Just got offer from Sun Property Network and they want me to send them closing costs upfront and then repay them plus the sale price when the sale closes. Is this right? Why couldn't they pay the closing costs out of the selling price or have the buyer pay closing costs?
 

yumdrey

TUG Review Crew: Veteran
TUG Member
Joined
Jun 30, 2008
Messages
3,029
Reaction score
3
Location
Maryland, U.S.A.
No, no!

no up-front fee!! They are scam. Don't pay any up front fees to sell your timeshare. If any company wants you to pay up front fees, they are scams :)
 

DeniseM

Moderator
Joined
Jun 6, 2005
Messages
58,148
Reaction score
9,728
Location
Northern, CA
Resorts Owned
WKORV, WKV, SDO, 4-Kauai Beach Villas, Island Park Village (Yellowstone), Hyatt High Sierra, Dolphin's Cove (Anaheim) NEW: 2 Lawa'i Beach Resort!
Welcome to TUG! :hi:

The first rule of selling a timeshare is never pay more than a modest listing fee (less then $50.)

If you pay the resale company several hundred dollars upfront, what's their motivation to ever actually sell your timeshare? - None! And you are right, the buyer does pay the closing costs.

Just so you know, this is a really tough time to seller a timeshare. With the state of our economy, resale prices have dropped to an all time low and there are many nice resorts for sell for $1, with no takers. Even many of the top resorts are only selling for 50% of their original price. You might be better off to keep your timeshare and learn how to get more out of it. If you decide to do that, you've come to the right place!

For lots of info. about how to sell your timeshare, see the article posted at the top of the board.
 
Top