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Selling Royal Sands unit

ronman

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I'm thinking of selling my Royal Sands unit and wondered how complicated it is. I think all I have to do is let ISCO know that I want the name changed and that's all that is involved. Anyone had any experience with this that could give me some direction. Do I need a closing company?
 

pjrose

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It's quite easy, and no, you do not need a closing company.

Advertise your unit on TUG, Redweek, and other sites (if you need suggestions come back here).

Once you have a buyer and your money, you just sign your membership papers and send them down to ISCO, attn: membership, along with the info of who the buyer is. They charge ~$135 for the title transfer. You or the buyer pays ISCO the fee.

They will also work with you to hold the membership papers until you let them know that the funds have successfully transferred:
  1. The buyer sends you a deposit,
  2. you sign the papers and send them to ISCO asking ISCO to hold them until you give them the ok to re-title the unit,
  3. the buyer checks with ISCO to confirm that ISCO has the signed papers,
  4. buyer sends you the rest of the money,
  5. you wait for it to clear, you let ISCO know,
  6. ISCO retitles the unit.

    They are quite easy to deal with.
 

ada903

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Deleted comment
 
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craigchams

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ISCO also has an escrow service now for $199.00. We used it last year and it worked well. So if you or your buyer are concerned with the holding of the money, this is a good way to go. Logon to ISCO and click on forms and then select "Escrow Agreement" Good luck.
 

pjrose

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ISCO also has an escrow service now for $199.00. We used it last year and it worked well. So if you or your buyer are concerned with the holding of the money, this is a good way to go. Logon to ISCO and click on forms and then select "Escrow Agreement" Good luck.

is that 199 on top of the 135 transfer fee?
 

ada903

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That was the comment I deleted, I used JRA services since they only charge $100 for escrow.
 

AKGOLFER

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Process is VERY Easy if you avoid using the Resorts Escrow Option

Yes it is $199 on top of the $135, and when I used them once to do this they sucked! If you read the docs they didn't make since (as they copied them from an Escrow company in Florida and then mixed in their normal sales agreement from the Royal Resorts). They didn't know how much money the Buyer had sent (they paid in full), and then a few weeks later they said they had received no money. But then they "found" it when I got pissed, appoligized immensely, and send my money overnight to me. Needless to say since after they messed up the easiest thing invented (Escrow Service) I have not used them again. I personally now use Express Timeshare Closings (used to be co-owner of timeshare transfer) and never had a problem and it only cost $100.

But if somebody only wants to use the Resort to handle the money you have no choice and maybe their forms got better (they actually had me redline them up for them - but after the first revision it was so far off I just left them alone).

To answer the initial question, If you don't use the Resorts Escrow the transfer process is VERY easy and VERY fast. Good luck and congrats!
 

craigchams

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In my transaction using the escrow services of ISCO, it was easy and handled well. The $135 transfer fee has to be paid regardless of who handles the escrow. I have used 3 other escrow companies and ISCO was better in my transaction. Some posters on this site are in the business of buying and selling Royal Resorts timeshares and it is their best interest to NOT use ISCO...
 
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