Have Found A Buyer In The Uk For Our Timeshare

Hello: We have a timeshare that we want to sell. We have received an inquiry from the UK. They are asking who will be paying closing costs and recording fees. We would prefer for the buyer to pay these items. Is that standard protocol for buyer to pay closing costs and recording fees?

Also, has anyone dealt with overseas buyers? Are you aware of any scams orginating in the UK. We don't mind selling to an overseas buyer. A few years back we sold a van to buyer in the UK through e-bay and had no problems at all.

If this goes through, we would want payment in a certified check before we send the title to the buyer. Is this the safest way to ensure payment?

Thanks for your help.

Traditionally, the buyer chooses the closing company and pays for the closing costs. It might help you sell it if you agree to pay the closing costs, and under the circumstances, you might want to choose the closing/escrow company. Do not agree to accept the check directly yourself - that's a good way to get scammed. For your own protection, use a reputable closing company. If the buyer refuses, they are probably a scammer.

See the list at the top of this forum for recommended closing/escrow companies.

See the "How to Sell Your TS," article at the top of the board for more info.

Even a certified check can be bogus, so I agree about a closing company.

Its a Scam: If they send you get a certified check for a sum that's different than the amount due, its bogus. Don't cash it, as you could find yourself in hot water for uttering a forged instrument, a felony.

That's one reason why payment should be made in escrow thru a third-party.

Alternatively, you need to verify the identity and address of the buyers thru the usual means. Ask for legible photocopies of their passports, DL's or other gov't-issued ID, and a bank reference or letter of credit.

Yes, be very, very cautious if they are suddenly wanting to send you more than you are asking for then asking for you to cash the "draft" and send money back. That's a very well-known scam.

If the sale price is more than a few hundred dollars, I'd be insisting on using a reputable escrow company.

As far as who pays what, it's all part of the negotiations. Typically buyer pays, but with timeshares being very difficult to sell, I think more and more sellers are agreeing to eat those types of fees just to dump unwanted timeshares.

pueblo55 said:

Hello: They are asking who will be paying closing costs and recording fees.

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This one may be for real. Usually the scammers ask some stupid questions, and don't ask about closing costs and such. However, I do agree with the previous posters about being cautious about accepting a check and using an escrow service.

Best of luck and welcome to TUG.

Sue

falmouth3 said:

This one may be for real. Usually the scammers ask some stupid questions, and don't ask about closing costs and such. However, I do agree with the previous posters about being cautious about accepting a check and using an escrow service.

Best of luck and welcome to TUG.

Sue

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Asking legitimate questions are part of a sucsesful scam to builed confidence. It is very easy to claim to be from the UK

I would be willing to bet that the original poster will never return to say whether it was a real deal or most likely a fake cashiers check scam


PS

Is your buyer Roy Anderson by any chance ?

pueblo55 said:

Hello: We have a timeshare that we want to sell. We have received an inquiry from the UK. They are asking who will be paying closing costs and recording fees. We would prefer for the buyer to pay these items. Is that standard protocol for buyer to pay closing costs and recording fees?

Also, has anyone dealt with overseas buyers? Are you aware of any scams orginating in the UK. We don't mind selling to an overseas buyer. A few years back we sold a van to buyer in the UK through e-bay and had no problems at all.

If this goes through, we would want payment in a certified check before we send the title to the buyer. Is this the safest way to ensure payment?

Thanks for your help.

Click to expand...

There certainly are legitimate buyers from the UK. There are also many scams in which the "buyer" says they are from the UK. So you are wise to proceed with caution.

One clue is whether the first e-mail you received actually mentioned the specific timeshare you are selling. The people doing the scams send e-mails in bulk, simply copying and pasting the same message. They really can't take the time to customize each mailing.

If you haven't already replied to them with unit information, you might send back an e-mail telling them which particular timeshare they are interested in buying. If they are legitimate they will be able to respond to you with particulars.

******

You could also post in a reply the contents of the e-mail message you received, and I know that many here who had experience rooting out scammers will gladly offer their thoughts as to whether the inquiry is legitimate.

is his name roy anderson?

http://tugbbs.com/forums/showthread.php?t=106594