Re-sale Closing Costs question

[erickr123]

I was just quoted $400 closing costs for 60 points. Is this determined by the re-seller or is this a set fee?

Thanks,
Erick

 

[bababear_50]

Hi I was quoted 397.00 on a 100 point contract by
TTS,,I was told this was a set fee,,hope that helps

 

[Amy5000]

I was just quoted $400 closing costs for 60 points. Is this determined by the re-seller or is this a set fee?

Thanks,
Erick

A reseller (who shall remain nameless due to the DISBoard filters) charged $365 on a 100pt contract at $82 ppt.

GMAC charged $425 on a 100pt contract at $84 ppt. GMAC also charged $195 admin fee.

GMAC quoted me a higher price on the closing initially but I called the closing company and they lowered the fees.

Good luck.


P.S. I forgot to add that I believe the fee is set by the title company. It should include title ins and deed transfer work. When GMAC quoted me what I thought to be too high a price I called a closing company that did Disney work and asked for a price directly.

 

[DISNEY FIX]

I was just quoted $400 closing costs for 60 points. Is this determined by the re-seller or is this a set fee?

Thanks,
Erick

You may want to inquier as to what it would run you in total through Disney. It might be worth it.
Where on LI are ya, W. Islip here.
Chris

 

[tgropp]

I just signed a contract for 100 points @ 85 per point and the closing costs were $365.00

 

[DVC Grandpa]

Is this to say that if I owned 700 points, consisting of four contracts of various sizes, all the same resort with the same use year, that if I was to sell all 700 points in one transaction, that I would be billed four separate closing cost fees?

 

[Amy5000]

Is this to say that if I owned 700 points, consisting of four contracts of various sizes, all the same resort with the same use year, that if I was to sell all 700 points in one transaction, that I would be billed four separate closing cost fees?

I'm not sure, but I would suspect the answer would be yes. You would need the transfer co to prepare 4 deeds. (Even if they did it in one deed it would be a non-standard deed and would be just as much, if not more work). They would need to do title searches with respect to 4 contracts. Maybe there would be some discount for doing 4 contracts at once.

 

[Mtnman44]

Normally, the buyer will pay the closing costs unless negotiated otherwise.

Is this to say that if I owned 700 points, consisting of four contracts of various sizes, all the same resort with the same use year, that if I was to sell all 700 points in one transaction, that I would be billed four separate closing cost fees?

 

[erickr123]

You may want to inquier as to what it would run you in total through Disney. It might be worth it.
Where on LI are ya, W. Islip here.
Chris

Smithtown.

I cannot go through Disney as this will be my first DVC contract.