How to transfer TS to new buyer

This may be slightly off-topic, but I am inclined to accept what seems to be a legitimate offer to buy by Grandview at Las Vegas double-lockout and want to make sure I do this in a way that creates a legitimate transfer of deed AND makes best use of more that 230,000 residual RCI points. I've contacted Vacation Village Resorts, which owns The Grandview, and got instructions on how to get my name off the deed (for $750), but no one has told me how to get the deed transferred to the prospective buyer, and I have no idea whether my RCI points go with the deed or not. The buyer says she has a broker who will handle the transaction from her end and proposes sending me a $500 downpayment for what I've agreed to be a selling price of $6,000. Of course, that's well below what I paid for the unit 10 years ago, but enough is enough; I want out. Any advice? Pitfalls?

B. Seaman said:

This may be slightly off-topic, but I am inclined to accept what seems to be a legitimate offer to buy by Grandview at Las Vegas double-lockout and want to make sure I do this in a way that creates a legitimate transfer of deed AND makes best use of more that 230,000 residual RCI points. I've contacted Vacation Village Resorts, which owns The Grandview, and got instructions on how to get my name off the deed (for $750), but no one has told me how to get the deed transferred to the prospective buyer, and I have no idea whether my RCI points go with the deed or not. The buyer says she has a broker who will handle the transaction from her end and proposes sending me a $500 downpayment for what I've agreed to be a selling price of $6,000. Of course, that's well below what I paid for the unit 10 years ago, but enough is enough; I want out. Any advice? Pitfalls?

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Call/Email LT Transfers. Have them handle the closing (the deed to be transferred out of your name and into the buyers name). They also have escrow services. The RCI points do transfer on the Grandview. You just need to submit the form to RCI.


LT Transfers
4513 Hwy 129 North, Cleveland, GA 30528
Telephone:706-219-2709
FAX:706-219-0092
E-mail: readylegal@gmail.com

I also suggest you use caution. The offer is more than 2 times market value for you unit even with the points. There are scammers who want to use their brokers and their closing agents. Hopefully the buyer isn't hearing impaired with a broker named Kaplan who travels out of the country frequently.

tschwa2 said:

I also suggest you use caution. The offer is more than 2 times market value for you unit even with the points. There are scammers who want to use their brokers and their closing agents. Hopefully the buyer isn't hearing impaired with a broker named Kaplan who travels out of the country frequently.

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Very good advice. Use a legit and reputable closing company for your protection.

Yessa!

Seaport104 said:

Use a legit and reputable closing company for your protection.

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+1. Utilizing an established, reputable, arm's length closing entity, even if you pay that minimal cost out of your own pocket, will discourage or avoid potential scam.
The closing entity (e.g., LT, JRA, etc.) will receive (and hold in escrow) the purchase funds and will ensure that checks received are legitimate and "clear" properly.
The closing entity will also (if the offer / transaction is even remotely legitimate in the first place) then properly prepare and properly record a new deed and notify the resort thereafter of the permanent change in ownership by sending the resort a copy of the new recorded deed.

The component that I know little to nothing about in this scenario is the accumulated RCI Points and how / when they can get transferred or at what / whose cost.
Any such points transfer is definitely not "automatic", but RCI Points aficionados will have to step up to elaborate further on the pertinent details of points transfer.

In any case, reject using (only maybe legitimate buyer) alleged "broker". If it's an attempted scam, it's easily deflected by following the advice and process above.
And, as already mentioned in post #19 above, if the name Samuel Kaplan comes up as being the "broker", lace up your sneakers and just run away very quickly, as that's a very old scam. Samuel will of course be unavailable, busy attending that mythical "timeshare convention" in Cairo, Egypt :hysterical:, while the hearing impaired (...ahem) buyer / scammer prepares to send the latest iteration of a completely counterfeit bank check off to a unsuspecting seller. Don't encourage them...