Seller closing costs on a small resale?

[utahkennedys]

I am thinking of buying a larger add-on through Disney and selling my small OKW contract. Does anyone have an idea of what closing costs would be through resale for me as a seller?

 

[TammyAlphabet]

I think that it is customary for the buyer to pay closing costs but, you will have to pay a commission if you sell through an agent. Or, if you can find a buyer privately, then you can save a commission. If I were you, I would give the guys at the Timeshare Store a call. They have negotiated lower closing costs for small contracts and that helps out the buyer of your small contract.

 

[m4travel]

Closing costs often are set by the amount of the sale. We are in the process of buying a small OKW contract and ours were around $300 including the ROFR process. [ for ROFR!]

Closing costs can be paid by either the seller, buyer, or split.

 

[utahkennedys]

Thanks, I guess I should have said, how much are commissions on average? I am trying to figure out if it is worth selling. We bought through TSS and they were great.

 

[Dean]

Many timeshare resale companies charge a percentage, usually 10-12%. Most also have a min fee, usually in the $1000 range. For that size you could likely sell it yourself easily and save the fees. Almost all a resale company does is find a buyer. You can easily handle escrow and closing without one if you want and still get professional service. I'd think you'd have no problem find a buyer for 50 OKW points for the same price range you'd get through a broker.

 

[T.E. Yeary]

FYI-The Timeshare Store, Inc. charges a flat fee of 10% to sell your DVC. There is no minimum.

 

[kubbear]

Is the commission 10 % of the total sale or 10 % of the profits ?

Thanks

 

[T.E. Yeary]

The commission is 10% of the selling price.