How much are transfer fees if you give away?

[Lacey williamson]

How much are transfer fees roughly for the paperwork to give the timeshare away? And how do you know what company to use?

 

[SmithOp]

I’ve used LT Transfers several times, about $200 fee varies based on state.

https://www.lttransfers.com/


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[taterhed]

2nd and 3rd on LT Transfers.
They will guide you thru the process.

@SmithOp was very correct, but maybe understated: the location of the timeshare can be a big deal with INTL timeshares or Hawaii etc...in determining closing costs.
If it's the Berkshires.....not so much.

 

[Theiggy]

Most people give away timeshares with the buyer paying for the closing. If it’s a difficult to get rid of week, you can offer to pay closing or split costs with buyer. If it’s really a lousy week you may have to offer free usage to get a taker. You can email LT transfers and they will give you a quote on closing cost so you can list it in your bargain ad. Good luck!


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[pittle]

It depends on the resort. Some have specific amounts and others the price of a transfer fee (maybe 2,5, or 10x the MF).

We have sold a few on eBay and the people paid the cost of the transfer. We contacted the resort and found that it is not always necessary to involve a closing company. They sent a simple form and we filled it out with the information for the new owner and the resort changed the name on the contract upon receiving the transfer amount.

With 2 of our resales, the people paid us the amount and we hen filled out the transfer papers and sent a check for the amount of the transfer fee and it worked fine. These were resales we had purchased on eBay and used a few years for exchanges and were not looking to get anything out of them. It worked for us.

 

[SteelerGal]

Closing through LT is usually less than $200. However the resort has their fees as well. HGVC is nearly 1k while Vistana is $25. I believe Marriott is $95.