Timeshare Users Group Forums
TUG Links external to TUG BBS:    TUG Home| TUG Resort Databases| Marketplace | TUG Help | Advice | Join TUG  

Timeshare Users Group Bulletin Board
Go Back   Timeshare Users Group Forums > Timeshare Resort Systems > Starwood Vacation Ownership
Log into the TUG BBS:

Starwood Vacation Ownership Discussions about the Westin / Sheraton branded Timeshare network

GLOBAL ANNOUNCEMENTS
TUG Turns 20 Years Old! Read More

Free Timeshare Exchanges on TUG! View current exchanges!

Free TUG Newsletter! Sign up today!

TUG Banner Travels the World! Follow the Banner!

 
Forum Jump


Reply « Previous Thread | Next Thread »
 
Thread Tools Search this Thread Display Modes
Old February 17, 2009, 06:53 PM   #1
mac81
TUG Member
 
BBS Reg. Date: Feb 17, 09
Posts: 3

Resorts: saratoga springs -Disney Harborside,Bahamas
resale/ closing cost at Harborside

What has been the normal closing costs for a 3 bedroom lock-off platinum season on a resale?
What should I expect. and do I have to use who the company the broker reccomends?
can anyone help me with this.

Last edited by mac81; February 17, 2009 at 07:19 PM. Reason: more info
mac81 is offline   Reply With Quote
Old February 17, 2009, 07:23 PM   #2
DeniseM
Moderator
 
DeniseM's Avatar
TUG Lifetime Member
 
BBS Reg. Date: Jun 6, 05
Location: Northern, NV
Posts: 37,480

Resorts: Starwood-WKORV, SDO, & SVR, Roark Vacation Club, Kingsbury Crossing, 3 X Kauai Beach Villas, Edinburg Residence
Welcome to TUG! Since Harborside is a Starwood TS, I moved your post to the Starwood Board.

We have many Harborside Atlantis owners here who can help you.

For lots of info. about how the Starwood System works, see the Starwood FAQ at the top of the page.
__________________
Aloha!
DeniseM
TUG Moderator

my webpage
DeniseM is offline   Reply With Quote
Old February 17, 2009, 07:25 PM   #3
mac81
TUG Member
 
BBS Reg. Date: Feb 17, 09
Posts: 3

Resorts: saratoga springs -Disney Harborside,Bahamas
Thanks Denise
I am new to this but any help would be appreciated.
mac81 is offline   Reply With Quote
Old February 17, 2009, 07:30 PM   #4
DeniseM
Moderator
 
DeniseM's Avatar
TUG Lifetime Member
 
BBS Reg. Date: Jun 6, 05
Location: Northern, NV
Posts: 37,480

Resorts: Starwood-WKORV, SDO, & SVR, Roark Vacation Club, Kingsbury Crossing, 3 X Kauai Beach Villas, Edinburg Residence
If you've got some time on your hands, start with the FAQ at the top of the Starwood board, and check back a bit later for responses to your post.
__________________
Aloha!
DeniseM
TUG Moderator

my webpage

Last edited by DeniseM; February 17, 2009 at 07:33 PM.
DeniseM is offline   Reply With Quote
Old February 17, 2009, 07:31 PM   #5
capjak
TUG Member
 
BBS Reg. Date: Mar 16, 06
Location: chicago
Posts: 1,013

Resorts: DVC,Marriott,Starwood,
Harborside is a special case where you are required to use a Bahama lawyer to do the title so it usually runs $1500 to 2800 per another thread I was reading.

That is why for Harborside I would build in this cost (i.e. lower offer price)
__________________
Thanks

Jack
capjak is offline   Reply With Quote
Old February 17, 2009, 07:41 PM   #6
jarta
TUG Member
 
BBS Reg. Date: Feb 1, 08
Location: Chicago
Posts: 2,916

Resorts: FS Aviara (X2), WLM (X3), WKV, WMH, Harborside & Starwood 5* Elite
mac, ... Capjack is right. I bought a 3-br Platinum at Harborside last year on teh resale market.

The closing costs were about $2,500. (But, beware, Platinum Season is almost over.) You will also have to reimnburse for the 2009 MF if you want a 2009 usage. That's another almost $2,500. So, the price is much higher than the bid.

I bought there and it is worth every penny. I'll be there March 20-27. ... eom
jarta is offline   Reply With Quote
Old February 17, 2009, 07:46 PM   #7
mac81
TUG Member
 
BBS Reg. Date: Feb 17, 09
Posts: 3

Resorts: saratoga springs -Disney Harborside,Bahamas
Jarta
who did you buy from and also who handled the closing and escrow for you.
mac81 is offline   Reply With Quote
Old February 17, 2009, 09:20 PM   #8
clsmit
 
clsmit's Avatar
TUG Member
 
BBS Reg. Date: Mar 14, 08
Location: Solon, OH (for love not the weather)
Posts: 1,213

Resorts: SBP; WLR; WKV; HRA; WMH; WKORV; WSJ and 5*x2. And a house in Rancho Mirage. Now I need 2 kitchen designers. And a jet.
Transfermytimeshare.com does a number of Starwood transactions. I've done 2 through them, including Harborside, with different sellers, and have had no problems.
clsmit is offline   Reply With Quote
Old February 17, 2009, 10:44 PM   #9
jarta
TUG Member
 
BBS Reg. Date: Feb 1, 08
Location: Chicago
Posts: 2,916

Resorts: FS Aviara (X2), WLM (X3), WKV, WMH, Harborside & Starwood 5* Elite
mac ... "who did you buy from and also who handled the closing and escrow for you."

Karl Broderson (who used to sell at Harborside) but worked for timesharebrokerservices.com was the Seller's broker.

The closing was handled by Amanda Smith of transfermytimeshare.com. The closing took almost 90 days. Both the Buyer (me) and the Seller had to execute apostiles (notarized statements that can be used internationally). Amanda was a very busy person but had good communication skills and moved things along as best she could.

Lenox Paton (a Bahamian law firm) handled the preparation and recording of the deed. The firm works on "Bahamian time" but knows what it is doing to close the deal.

My title policy was purchased at an additional cost ($250?) and was issued by CT&T.

If you are buying a Platinum timeshare at Harborside now, don't expect to make a reservation until at least May 1. By that time you will be scrambling for a 2009 reservation at Harborside and might need to reserve elsewhere for 2009. This can be avoided if you accept any reservation already made by the Seller or have the Seller make a reservation in your name while waiting for the deal to close. Some will do this; my Seller did not.

I felt it was necessary to do the purchase right so that I did not have to file an action to quiet title in a foreign country at a later date. ... eom
jarta is offline   Reply With Quote
Old February 17, 2009, 10:52 PM   #10
clsmit
 
clsmit's Avatar
TUG Member
 
BBS Reg. Date: Mar 14, 08
Location: Solon, OH (for love not the weather)
Posts: 1,213

Resorts: SBP; WLR; WKV; HRA; WMH; WKORV; WSJ and 5*x2. And a house in Rancho Mirage. Now I need 2 kitchen designers. And a jet.
transfermytimeshare.com, along with some of the other more organized closing companies, also offers a password-protected website where they company tracks changes in status, emails sent, paperwork received, etc. so that you don't have to call/email them every week to see what's going on. Only when things haven't happened in a while is a note required. A really nice feature to ask for if you're shopping for a closing company.
clsmit is offline   Reply With Quote
Old February 18, 2009, 06:31 AM   #11
Dave H
TUG Member
 
BBS Reg. Date: Jul 28, 07
Location: Orlando
Posts: 414
It looks like now to place an order with them you have to deal direct with Chicago Title. Maybe not in the closing business any more or maybe they have been bought by Chicago Title?

For customer service or inquiries on closings in process, please call:
1-866-880-4040
Or contact our customer service department by email:
status@transfermytimeshare.com

To Initiate a Closing please visit www.ChicagoTitleTimeshare.com

Office Location Information:

New Hampshire Office
Transfer My Timeshare, LLC
383 Central Ave. Suite 275
Dover, NH 03820

Virginia Office
Transfer My Timeshare, LLC
P.O. Box 308
McGaheysville, VA 22840
Dave H is offline   Reply With Quote
Old February 18, 2009, 12:06 PM   #12
richardm
TUG Member
 
BBS Reg. Date: Aug 6, 07
Location: Orlando
Posts: 1,116
Quote:
Originally Posted by Dave H View Post
It looks like now to place an order with them you have to deal direct with Chicago Title. Maybe not in the closing business any more or maybe they have been bought by Chicago Title?
Transfermytimeshare is no longer actively taking on new business. That company was an in-house closing agent for Sellmytimeshare- and there were some alleged issues with possible employee theft that led to a corporate decision to get out from the closing and escrow business!

SMTN and their in-house brokerage TBS, now refer business to Chicago Title- but always remember- almost all legal opinion on the subject states that the party paying closing costs has the right to choose an independent closing agent.. So if you aren't a Chicago Title fan (and many, many resellers are not!) you can easily insist on another closing agent!
richardm is offline   Reply With Quote
Reply
Thread Tools Search this Thread
Search this Thread:

Advanced Search
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

Forum Jump


All times are GMT -5. The time now is 08:57 AM.


Powered by: vBulletin Version 3.8.7
BBS Software Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Editorial Content Copyright ©1993 - 2014, Timeshare Users Group
Customized for TUG by Makai Guy.