How to sell a deeded property?

[traveller1]

Trying to DIY. I have a deeded property through Wyndham that I want to see but I'm not sure how to go about deeding the property over to the buyer and closing the sale. Any help anyone can offer?

 

[Shiba]

LT Transfers will handle all of it for you. They charge between $255 to $295 for the transfer depending on what state the timeshare is in. They will walk you through it and record the deed for you too. Many of us Tuggers have used them. Reputable company.

 

[easyrider]

Trying to DIY. I have a deeded property through Wyndham that I want to see but I'm not sure how to go about deeding the property over to the buyer and closing the sale. Any help anyone can offer?

If it's a diy then you would quit claim the deed to the buyer and record the signed and notarized deed with the County Records of the County where the timeshare is located. It can be a real pita if you haven't done this before. You would also need to notify the resort of the new owner. I would start with calling Wyndham before you do anything if you decide to diy it.

If you want it done right use a transfer company. LT Transfers is a Tug favorite.

Bill

 

[rickandcindy23]

If it's a diy then you would quit claim the deed to the buyer and record the signed and notarized deed with the County Records of the County where the timeshare is located. It can be a real pita if you haven't done this before. You would also need to notify the resort of the new owner. I would start with calling Wyndham before you do anything if you decide to diy it.

If you want it done right use a transfer company. LT Transfers is a Tug favorite.

Bill

Quitclaim is not a good idea. I believe a Quitclaim forces future transfers of that property to be Quitclaim.

I just paid $668 to a professional company for a transfer of a deed because of a mistake I made in not having the correct deed with all of the names in my files. Only $25 of that went to Marriott.

It's pretty easy to type a deed oneself. I have done many over the last three years. I started with Foxrun years ago, and now I have done about 10 this year alone. It's a savings, but I wouldn't say it's "easy." Rick reads the deeds aloud while I type, and he makes sure we include the information about the current deed to satisfy the county's requirements.

Deeds do need notarization, but only by the sellers. No county so far has required buyers to sign. It's important to call the county and let them know what you are doing. They have excellent advice and always answer the phone. Hawaii doesn't always answer the phone but they call back sooner or later.

 

[easyrider]

Quitclaim is not a good idea. I believe a Quitclaim forces future transfers of that property to be Quitclaim.

I just paid $668 to a professional company for a transfer of a deed because of a mistake I made in not having the correct deed with all of the names in my files. Only $25 of that went to Marriott.

It's pretty easy to type a deed oneself. I have done many over the last three years. I started with Foxrun years ago, and now I have done about 10 this year alone. It's a savings, but I wouldn't say it's "easy." Rick reads the deeds aloud while I type, and he makes sure we include the information about the current deed to satisfy the county's requirements.

Deeds do need notarization, but only by the sellers. No county so far has required buyers to sign. It's important to call the county and let them know what you are doing. They have excellent advice and always answer the phone. Hawaii doesn't always answer the phone but they call back sooner or later.

I haven't heard this about using a quit claim deed. All the quit claim deed does is transfer the property to another owner without the guarantee of title as a title deed does. I'm not sure why it's any different with a timeshare deed in that a deed can be transferred with a quit claim or title deed at any time.

One problem with plagiarizing a title deed is if the title deed has the wrong verbiage somewhere. I copied the title deed with a scanner and edited the names. It was exact so the document was wrong off the get go. It was a wrong beyond a mis-spelling of a name or clerical error. We then used a quit claim and the resort was fine with this. I think many timeshare transfers on eBay use quit claim deeds because of the no guarantee fact.

Yes, the deed needs to be signed and notarized by the seller. The transfer of ownership at the resort level needs to be notarized by both buyer and seller.

Either way, it's definitely worth having someone else do this if a person hasn't been through this before, imo.

Bill

 

[rickandcindy23]

I haven't heard this about using a quit claim deed. All the quit claim deed does is transfer the property to another owner without the guarantee of title as a title deed does. I'm not sure why it's any different with a timeshare deed in that a deed can be transferred with a quit claim or title deed at any time.

One problem with plagiarizing a title deed is if the title deed has the wrong verbiage somewhere. I copied the title deed with a scanner and edited the names. It was exact so the document was wrong off the get go. It was a wrong beyond a mis-spelling of a name or clerical error. We then used a quit claim and the resort was fine with this. I think many timeshare transfers on eBay use quit claim deeds because of the no guarantee fact.

Yes, the deed needs to be signed and notarized by the seller. The transfer of ownership at the resort level needs to be notarized by both buyer and seller.

Either way, it's definitely worth having someone else do this if a person hasn't been through this before, imo.

Bill

Some resorts won't accept a Quitclaim.

I don't really know what you mean when you said you scanned and edited names on a deed. The deed had to go through the county.

Everyone is not capable of typing a deed correctly. There are phone calls to make and it can be a hassle. I definitely recommend LT Transfers over any other company, but I do know of someone in Colorado who is capable of typing deeds, she is licensed by the state and can no longer work at the title company she worked for 20 years because she now lives in the vast countryside.

I made a mistake by sending the wrong deed to the closing company and paid double for my last closing, a total of $668. I could have done it for myself for less than $50 + $25 transfer fee to Wyndham. I am just over this cost myself.

Sometimes deeds get sent back with needed corrections, and I make a note of the special requirement, fix the document and send it back. It's just postage.

 

[easyrider]

Some resorts won't accept a Quitclaim.

I don't really know what you mean when you said you scanned and edited names on a deed. The deed had to go through the county.

Everyone is not capable of typing a deed correctly. There are phone calls to make and it can be a hassle. I definitely recommend LT Transfers over any other company, but I do know of someone in Colorado who is capable of typing deeds, she is licensed by the state and can no longer work at the title company she worked for 20 years because she now lives in the vast countryside.

I made a mistake by sending the wrong deed to the closing company and paid double for my last closing, a total of $668. I could have done it for myself for less than $50 + $25 transfer fee to Wyndham. I am just over this cost myself.

Sometimes deeds get sent back with needed corrections, and I make a note of the special requirement, fix the document and send it back. It's just postage.

Years ago, I was able to transfer the ownership of our last deeded timeshare and we decided to never buy another deeded timeshare. The transfer process of the deeded timeshare was kind of complicated compared to membership types of timeshares, imo.

Cindy, I'm certain you know way more than I about transferring deeded timeshares. I think we both agree that using a transfer company is probably best for someone that has no knowledge regarding real estate transfers.

To be clear, I didn't alter a deed. I scanned the deed for the new buyer and scanned and edited the purchase agreement which was notarized for both buyer and seller. The resort dealt with the County Recorder on our last deeded timeshare transfer. They had to use a quit claim deed because there was something wrong with the deed that didn't affect the timeshare usage.

Bill

 

[easyrider]

Trying to DIY. I have a deeded property through Wyndham that I want to see but I'm not sure how to go about deeding the property over to the buyer and closing the sale. Any help anyone can offer?

It might be a good idea to ask Wyndham for their procedure. They do transfer ownerships and they also have a certified exit program.

Bill

 

[Optimizer]

Today we called Wyndham’s Certified Exit number and were told that our ownership wasn’t eligible! We have points deeded to Waikiki Beach Walk which I would’ve thought would be in demand but not today apparently. All they could do was recommend 2 timeshare resale companies - Fidelity Real Estate and Timeshare Brokers which we’ve never heard of so I think we’ll try LT Transfers as recommended here. Thank you!


Sent from my iPad using Tapatalk

 

[sponger76]

Today we called Wyndham’s Certified Exit number and were told that our ownership wasn’t eligible! We have points deeded to Waikiki Beach Walk which I would’ve thought would be in demand but not today apparently. All they could do was recommend 2 timeshare resale companies - Fidelity Real Estate and Timeshare Brokers which we’ve never heard of so I think we’ll try LT Transfers as recommended here. Thank you!


Sent from my iPad using Tapatalk

LT transfers doesn't sell it for you - they handle the transfer process once you've found a buyer.
You may want to try listing it on the free giveaway forum, TUG Marketplace, Redweek, or other venues. Some people even put timeshares up on eBay.

 

[TUGBrian]

Today we called Wyndham’s Certified Exit number and were told that our ownership wasn’t eligible! We have points deeded to Waikiki Beach Walk which I would’ve thought would be in demand but not today apparently. All they could do was recommend 2 timeshare resale companies - Fidelity Real Estate and Timeshare Brokers which we’ve never heard of so I think we’ll try LT Transfers as recommended here. Thank you!


Sent from my iPad using Tapatalk

we are nearly in october, so chances are deedback programs are already becoming FAR more selective if not completely closed until next year

 

[TUGHarry]

Trying to DIY. I have a deeded property through Wyndham that I want to see but I'm not sure how to go about deeding the property over to the buyer and closing the sale. Any help anyone can offer?

If you’re comfortable doing the paperwork yourself, you can prepare a new deed (quitclaim or warranty, depending on the state) and file it with the county where the resort is located, then notify Wyndham so they update ownership records. The risk is making a mistake with the deed language or missing a required step, which can delay or invalidate the transfer.

That’s why many owners here use a closing/transfer company like LT Transfers. They’ll draft the deed, file it with the county, and notify the resort for you. The fee is usually in the $250–$300 range, and it saves a lot of hassle if you’re not experienced with deeds.

Biggest tip: never pay anyone an upfront “listing” or “marketing” fee. If you’re just trying to transfer or give away the deed, stick with reputable transfer/closing services or handle it directly with the buyer.