Rich S
TUG Member
- Joined
- Sep 11, 2018
- Messages
- 80
- Reaction score
- 44
- Points
- 129
- Resorts Owned
- Wyndham Grand Desert, Marriott Grand Chateau, Grand Solmar at Land's End
I have a simple question. I have purchased timeshares before from the Developer, resales, and straight up give aways. In each case all the paperwork was handled by the seller or their agent on their behalf. All monies were paid in accordance to the usual protocols ie: deposit, escrow, etc...
How does one handle a purchase from one owner to another owner where they are both members the resort? The Developer is handling the paperwork for the transfer fee, but not the sales price. The seller doesn't want to wait to receive their money "after" the transfer is completed because they could get stiffed and they would have given away their timeshare interest. The buyer doesn't want to pay "prior" to the transfer being completed because if there is a snag or it doesn't get completed getting their money back could be difficult or impossible if not dealing with a good person. Dilemma.
My question: When and how to send the money of the purchase price where both the buyer and seller feel comfortable in completing the transaction.
Thank you for your opinions and expertise.
How does one handle a purchase from one owner to another owner where they are both members the resort? The Developer is handling the paperwork for the transfer fee, but not the sales price. The seller doesn't want to wait to receive their money "after" the transfer is completed because they could get stiffed and they would have given away their timeshare interest. The buyer doesn't want to pay "prior" to the transfer being completed because if there is a snag or it doesn't get completed getting their money back could be difficult or impossible if not dealing with a good person. Dilemma.
My question: When and how to send the money of the purchase price where both the buyer and seller feel comfortable in completing the transaction.
Thank you for your opinions and expertise.