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Closing costs for deeded timeshares in Hawaii, Puerto Rico, and the US Virgin Islands.. ..
The following are estimates I routinely use for independent third-party closings. I use a sliding scale with the base cost determined for a sales price up to $5,000. For each additional $1,000 in sales price- I'll add an additional $10. to cover stamps.
If you've recently been in a transaction which is now closed- (unfortunately some closing agents estimates and their final costs don't always match up!) and were charged less than I've shown, please share your resort and what you paid!
These estimates do not include any credit card processing fees, broker fees, courier fees, resort estoppel fees, or resort transfer fees which can add significantly to a Buyer or Seller realized cost.
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Hawaii: approx 10 to 12 weeks closing duration
Deed only estimated @ $400
Full closing with title insurance estimated @ $725
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Puerto Rico: approx 32 to 42 weeks closing duration
Deed only estimated @ $1,350
Full closing with title insurance- varies greatly per closing agent. Often, a firm will provide you with an opinion of title rather than a title policy.
(Recommended that Sellers contact their HOA or developer for possible attorney recommendations to perform the closing.. Often, these resorts will have an established relationship with a local firm that can make the closing process a little easier.)
***
US Virgin Islands: approx 18 to 24 weeks closing duration
Deed only estimated @ $1,100
Full closing with title insurance- varies greatly per closing agent.
(Again, recommended that Sellers contact their HOA or developer for possible attorney recommendations to perform the closing.. Often, these resorts will have an established relationship with a local firm that can make the closing process a little easier. Also, several resorts will provide step by step assistance throughout the closing process which can result in substantial savings in costs.)
The following are estimates I routinely use for independent third-party closings. I use a sliding scale with the base cost determined for a sales price up to $5,000. For each additional $1,000 in sales price- I'll add an additional $10. to cover stamps.
If you've recently been in a transaction which is now closed- (unfortunately some closing agents estimates and their final costs don't always match up!) and were charged less than I've shown, please share your resort and what you paid!
These estimates do not include any credit card processing fees, broker fees, courier fees, resort estoppel fees, or resort transfer fees which can add significantly to a Buyer or Seller realized cost.
***
Hawaii: approx 10 to 12 weeks closing duration
Deed only estimated @ $400
Full closing with title insurance estimated @ $725
***
Puerto Rico: approx 32 to 42 weeks closing duration
Deed only estimated @ $1,350
Full closing with title insurance- varies greatly per closing agent. Often, a firm will provide you with an opinion of title rather than a title policy.
(Recommended that Sellers contact their HOA or developer for possible attorney recommendations to perform the closing.. Often, these resorts will have an established relationship with a local firm that can make the closing process a little easier.)
***
US Virgin Islands: approx 18 to 24 weeks closing duration
Deed only estimated @ $1,100
Full closing with title insurance- varies greatly per closing agent.
(Again, recommended that Sellers contact their HOA or developer for possible attorney recommendations to perform the closing.. Often, these resorts will have an established relationship with a local firm that can make the closing process a little easier. Also, several resorts will provide step by step assistance throughout the closing process which can result in substantial savings in costs.)
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