I am conversing back and fourth with a person through redweek regarding a timeshare I am interested in to buy. When asking her about the final closing costs and who would be responsible for paying for what she mentioned a $600 deposit that I had never heard of before and was not mentioned in the listing. Or in any other redweek ads or even with any other conversations I’ve had with redweek on the past.
Every time I asked her about the deposit she was very vague as to who it would be paid to and why was there a deposit. After 3 tries of asking different questions regarding the deposit she finally told me it was a deposit that is usually customary for the closing companies that the closing company requires a deposit of $550 but for my case it would be 600. They do this in case transaction falls through. She did not mention if it was refundable or not. I have never heard of this before. is this a standard thing that Redwick does?
This is my first attempt at purchasing a resale through them. So far, I am finding it an odd experience. They respond to my communication every 2 days
Every time I asked her about the deposit she was very vague as to who it would be paid to and why was there a deposit. After 3 tries of asking different questions regarding the deposit she finally told me it was a deposit that is usually customary for the closing companies that the closing company requires a deposit of $550 but for my case it would be 600. They do this in case transaction falls through. She did not mention if it was refundable or not. I have never heard of this before. is this a standard thing that Redwick does?
This is my first attempt at purchasing a resale through them. So far, I am finding it an odd experience. They respond to my communication every 2 days