Closing fee question?

[Sea2Snow]

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]

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]

The poorer negotiator pays

 

[goaliedave]

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]

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]

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

 

[Sea2Snow]

Thanks guys, that helped a bunch!

 

[TheTimeTraveler]

It's whatever the buyer and seller agree too.........




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