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Closing costs for deeded timeshares in Massachusetts, Rhode Island, and Connecticut...
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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Massachusetts: approx 14 to 18 weeks closing duration
Deed only estimated @ $615
Full closing with title insurance estimated @ $1,200
Nantucket also has a Land Bank Fee that is required which is 2% of the sales price.
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Rhode Island: approx 15 to 17 weeks closing duration
Deed only estimated @ $495
Full closing with title insurance estimated @ $995
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Connecticut: approx 10 to 12 weeks closing duration
Deed only estimated @ $395
Full closing with title insurance estimated @ $725
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.
***
Massachusetts: approx 14 to 18 weeks closing duration
Deed only estimated @ $615
Full closing with title insurance estimated @ $1,200
Nantucket also has a Land Bank Fee that is required which is 2% of the sales price.
***
Rhode Island: approx 15 to 17 weeks closing duration
Deed only estimated @ $495
Full closing with title insurance estimated @ $995
***
Connecticut: approx 10 to 12 weeks closing duration
Deed only estimated @ $395
Full closing with title insurance estimated @ $725
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