Usual closing costs?

I am considering purchasing a Marriott TS from a broker. What kind of closing costs should I expect....or would be "appropriate"? Thanks!

I think this really depends...some of the eBay sellers ask $500-600 but I bought a DSV week from a broker last year and the transfer was included at no additional charge as he handled it himself.

The broker fee should be paid by the seller, which leave the title company fee and the actual out of pocket expenses to the buyer. These should never total more than $500 including the Marriott ROFR & transfer fee.

Saintsfanfl said:

The broker fee should be paid by the seller, which leave the title company fee and the actual out of pocket expenses to the buyer. These should never total more than $500 including the Marriott ROFR & transfer fee.

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Thank you!

mbeach89 said:

Thank you!

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I probably should not have said "never", but it would be out of pocket and not the closing company fee. In New Orleans there is a huge tax that has to be paid but can be bypassed with a quit claim deed. I am sure there are other locations that have expensive government charges.

I inquired recently on using First American Title which was linked within Redweek. The buyer wanted to use them. They wanted about $1,100 to close on an timeshare in HHI. They were hiring a closing company in SC since they do not handle closings there and also hiring an attorney. Needless to say the whole thing was beyond ridiculous. Obviously >$500 exists but it's unnecessary.

My no greater than $500 is based on not less than $350 as the closing fee, $125 for Marriott ROFR & transfer, and the rest as county recording. There are plenty of reliable closing companies that will fall within the $500 and that includes handling the escrow.

Escrow and closing costs will be > $500 for Hawaii (in addition to Marriott's $25 and $95 fees for ROFR waiver and ownership transfer) if you want to use an escrow company properly licensed to hold funds for a Hawaii transfer.

South Carolina. I appreciate the input!