The bigger problem to me is I don't know if the company they recommend will do a good job and do the transfer on time. LT Transfers seems to be a known entity here.
The Redweek broker assigned to this listing is very slow with responses (3-4 days after every question) and doesn't seem to understand the basics of timeshares. So it just doesn't give me a lot of confidence in proceeding with the purchase.
Which closing company are they recommending? I’ve bought three timeshares from RedWeek - all three were RE agent sales with one being a RedWeek full service listing.
Here has been my experience with resale purchases:
- The first one was with LT transfers and it took 35 days from my offer to the deed being recorded. (No ROFR)
- The second was handled by the company I’ve mentioned previously (which is also TUG recommended). It was a Hawaii Westin week (Hawaii purchases have a few issues so take a bit longer.) That one took 48 days between my offer being accepted and deed recording. This time includes a ROFR and a delay on my part since we had to go to a US Consulate to to sign the deed transfer documents (required an appointment and 3 hour drive).
-My most recent HGVC purchase was completed by this same closing company. Offer accepted May 21, deed recorded on June 29. A total of 39 days including waiting for ROFR. This was a full service RedWeek listing.
Is there a noticeable difference between the two closing companies - for me probably not. Both provided excellent service and were responsive. Note that once you’ve actually made the offer and signed the contract is when the closing company takes over. RedWeek really isn’t involved after that point.
I know it’s a big decision and you’ve been diligent in doing your homework. If you know what you want and are ready to take the plunge then make the offer (state your contingencies such as the licensed closing company you’ve chosen). My guess is that will get the RedWeek agents attention. After that, sit back and relax while the professionals do their thing.