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Closing fee question?

Sea2Snow

newbie
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Oct 14, 2019
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Customarily, who pays the closing costs on a resale transaction inclusive of the escrow and resort transfer fees. Is it the buyer or seller? Or, do they typically split it and if so, whats an average split percentage? Any help would be great.

Thanks!
 

pharmacistking

TUG Member
Joined
Aug 28, 2019
Messages
324
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Location
Boucherville, Qc, Canada
Resorts Owned
SVV - Bella
Really depends on what you are selling/buying and how motivated is the seller... Free closing, free use are very frequent for TS deals especially independents.
 

jabberwocky

TUG Review Crew
TUG Member
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Apr 30, 2016
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Resorts Owned
SVR, SDO, WKORV-N, Westin Flex, HGVC (BLVD)
The poorer negotiator pays ;)
 

goaliedave

Guest
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Jan 5, 2019
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Resorts Owned
Raintree, Diamond (bought by Hilton), Shell (bought by Wyndham), Sheraton (bought by Marriott), Palace Resorts, a few independants
Customarily, who pays the closing costs on a resale transaction inclusive of the escrow and resort transfer fees. Is it the buyer or seller? Or, do they typically split it and if so, whats an average split percentage? Any help would be great.

Thanks!
Seller, as already posted above. There are many available with 2020 fees paid and 2020 or even unused 2019 points free to buyer. These will continue to increase. There are some resorts that experienced tuggers are waiting for and will pay for... you can ask here what yours is worth and you'll see if you are lucky.

Sent from my SM-A505G using Tapatalk
 

echino

TUG Member
Joined
Dec 2, 2008
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2,277
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1,906
Location
Vancouver
Resorts Owned
HYN HCC HWP HYP
HRA KAN WSJ WKV WLR SVV
MCV MKO MM1 MPU MSK
GP7
Valdoro
HHV Lagoon
If the timeshare has zero resale value, it's usually the seller. If it's a valuable timeshare, then it's usually the buyer. But it's open no negotiation.
 

bogey21

TUG Member
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I think the reason many Sellers pay is because they weigh the one time payment of Closing Costs against the stream of future MFs they will be stuck with if they can't sell their Week...

George
 
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