Timeshare Adventures

Selling TimesharesBuying TimesharesRenting TimesharesTimeshare RentalsTimeshare SearchingTimeshare ListingsTimesharingTimeshare ServicesTimeshare ForumsTestimonialsTimeshare DirectoryTimeshare Travel

About Our Consumer Integrity

HACKER SAFE certified sites prevent over 99.9% of hacker crime. Sell Your Timeshare

  Sell or Rent Your TimeshareAbout Timeshare SalesTimeshare Information
 

Go Back   Timeshare Resale > Closing On a Timeshare Property

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old November 26th, 2008, 09:55 AM
YandSay YandSay is offline
Junior Member
 
Join Date: Jul 2008
Posts: 1
Question How important is a closing company to sell timeshares?

Have any of you guys tried to sell your timeshare on your own without using the services of a closing company? What are the advantages of using the services of a closing company? Apart from taking care of the paperwork involved, what else does a closing company do? Could someone elaborate on this issue?
Reply With Quote
  #2 (permalink)  
Old November 26th, 2008, 12:39 PM
TAI_Staff's Avatar
TAI_Staff TAI_Staff is offline
Administrator
 
Join Date: Sep 2005
Posts: 278
Default Self Closing On Timeshare Sale

Welcome YandSay and thank you for participating in our timeshare forums. I will leave the majority of your query regarding other timeshare buyers & sellers experiences & opinions open for discussion, but here's a list of potential documents that may be required to close on the timeshare sale.

Pre-Closing Documents

Contract for timeshare purchase & sale
Addendum to contract
Letter to resort requesting estoppel certificate
Estoppel certificate for resort completion
Occupancy certificate from timeshare seller
Generic transmittal letter from seller to buyer
Generic transmittal letter from buyer to seller

Closing Documents

Deed
State transfer tax form
Affidavit of death of prior joint tenant (when applicable)
nonresident affidavit (when applicable)
Other state specific documents
Closing statement
Non-foreign affidavit
Joint escrow instructions
IRS form W-9, request for taxpayer ID number
Cover letter from seller to buyer sending signed documents
Cover letter from buyer to seller sending signed documents & funds

Post-Closing Documents

Cover letter from buyer to recording clerk sending documents for recording
Cover letter from buyer to resort providing notice of transfer and payment of fees due
Cover letter from buyer to resort sending copy of recorded deed
IRS Form 1099-S, report of proceeds from real estate transaction

So, closing on the sale of a timeshare yourself or without a closing company, attorney or other licensed professional is possible it could be a daunting task.
__________________
If you have any questions about buying, renting or selling timeshares, please post your question.

Thank You,
Timeshare Adventures 1-800-581-7330

Last edited by TAI_Staff; November 26th, 2008 at 12:45 PM.
Reply With Quote
  #3 (permalink)  
Old November 26th, 2008, 12:53 PM
DBell DBell is offline
Junior Member
 
Join Date: Nov 2008
Posts: 3
Default timeshare buyers opinion

Quote:
Originally Posted by YandSay View Post
Have any of you guys tried to sell your timeshare on your own without using the services of a closing company? What are the advantages of using the services of a closing company? Apart from taking care of the paperwork involved, what else does a closing company do? Could someone elaborate on this issue?
from a timeshare buyers perspective i would certainly want the involvement of a licensed and qualified closing agent or attny to facilitate the closing on my timeshare purchase to be sure that everything went smoothly.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -4. The time now is 08:33 PM.


Powered by vBulletin® Version 3.7.3
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.0.0

Timeshare Vacation

 


Sell Timeshares
| Buy A Timeshare | Rent Your Timeshare | Find Timeshare Rentals | Search Timeshares
Timesharing 101 | Timeshare Services | Testimonials | Timeshare Resort Directory | Timeshare Forums
Timeshares | About Us | Contact Us | Sitemap

© 2008 Timeshare Adventures - Terms of Use - Privacy Policy - All Rights Reserved - All website content, images and text, is copy righted by the respective resort
or Timeshare Adventures. NO part of this page may be reproduced in any form.
Do not copy content from the page. Plagiarism will be detected by Copyscape.