Reasonable closing cost?

[ko1973 Junior Member Find all posts View Profile Close ko1973]

I am attempting to re-list my timeshare with Pinnacle again. They are telling me that if my price is $0. And if I pay half the closing costs, they will still need to list it at $1650.

Can someone explain to me whether this is a reasonable list price?

It's 8000 bi-annual points at Falls Village.

Just trying to figure out if that's reasonable - or likely to bring any offers.

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

Pinnacle is pricing it that way to cover their commission.. Rather than try that, simply try to give it away yourself.

[ko1973 Junior Member Find all posts View Profile Close ko1973]

How would I find someone to give it to? And what are the steps to transferring ownership if you give it away? Do you need a lawyer or are there prepared forms you can use?

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

Taken from an earlier discussion in the "Donations" thread...

The thought process for anyone considering liquidation should always be the same:

1) First take your time to ensure that you have fully researched and truly cannot use the timeshare. A timeshare should never be bought or sold on impulse! Read all the threads you can about your resort and make sure you cannot get more value from what you own. Using a timeshare is often the only way to get any value from the ownership!

2) Understand exactly what you own, and learn what the transfer process for your resort will require in order to change ownership. Get a quote from a few closing agents, and always contact your resort management company to ensure you understand the closing process. Click HERE for a list of some closing agents. You can also simply post a question asking for other recommendations and occasionally the resort will also give out the contact information for closing agents recommended by the resort management.

3) Ask your HOA or resort if they have a relinquishment program.

4) Try to give away the ownership in the Timeshare Forums freebies section!

Freebies - Timeshare Forums

5) If not successful, consider using the services of a brokerage liquidation program that does not require any type of advance fee.

6) If you decide that you do want to pay someone to take your unwanted ownership (and there are individuals that make an informed decision to do so) work with an established company and insist on using your own independent closing agent.

[scootr5 Senior Member Find all posts View Profile Close scootr5]

How would I find someone to give it to? And what are the steps to transferring ownership if you give it away? Do you need a lawyer or are there prepared forms you can use?

I had someone on another forum give me a week for free, and we used a company called Timeshare Transfer inc to prepare handle the deed prep and recording - it was $135.