Transfer My Timeshare and Timeshare Hot Deal present:
The Timeshare Closing Process- What We do and how We do It

Getting Started

The helpful and knowledgeable staff of closing coordinators at Transfer My Timeshare is always ready and willing to answer any questions you may have before starting the closing process. Feel free to call Transfer My Timeshare with any inquiries about the timeshare closing process or to get the process started right now. Working with Transfer My Timeshare means you have a closing coordinator right there with you, the whole way.

The fee that covers the closing cost is not based on commission. Instead it is a one-time flat fee that will only change due to certain property locations (some states vary). Then the sellers and buyer will both receive a welcome letter from your closing coordinator at Transfer My Timeshare. Welcome letters simply explain the entire closing process. The seller will also receive a few easy forms to fill out.

These forms are designed to simplify the process as well as create accurate closings. Now, let's take a closer look at the four documents the seller must fill out: The Purchase and Sale Agreement, Availability, Mortgage, and Resort Release forms.

The Purchase and Sales Agreement

This is the main timeshare sale contract, which the seller must fill out and then send off to the buyer. It will go over the maintenance fees, week number, unit, and other basic information about the timeshare for sale. Both parties must sign it, as it is a legal form. The P&S Statement is a crucial form in the timeshare closing process.

The Availability of Occupancy Certification

Though the name of this document may seem long, it won't take long to fill it out. If you are transferring an RCI or Interval International week to a buyer, or if you have reserved a week for them, simply fill in the necessary lines.

The Mortgage Form

This is another simple form. If you owe any money on your timeshare, simply fill in the appropriate information - i.e. how much is owed, name and address of mortgage firm. If you have already paid off your timeshare then you can simply check the "no mortgage" box.

The Resort Release

The Resort Release document is very important. This allows a resort to release all ownership and property information as previously stated in the P&S Agreement to Transfer My Timeshare. Information will then be forwarded either by phone or email from the Transfer My Timeshare closing coordinator to both the buyer and seller.

Submit the Deed

Next just send in a copy of your original deed and sit back and relax. From here your closing coordinator will do the work for you, and through the eyes of Transfer My Timeshare's online closing tracker, it's even easier to view the status. The welcome letter comes fully equipped with a link to our custom tracking site as well as your own tracking number!

Leave it to Your Closing Coordinator

The Transfer My Timeshare closing coordinator will now review all the above documents. The Resort Release and Estoppel (legal term for property ownership verification) are promptly sent to the resort. If that resort does not send it back in at least two days, the coordinator will contact them immediately. Closing coordinators at Transfer My Timeshare have developed relationships with most resorts and can contact the right individuals to speed up the process.

Once the Estoppel has been returned and has been shared with both buyer and seller, your coordinator will send all forms and the original deed to the Transfer My Timeshare Legal Department where a new deed is created. The closing coordinator gets the new deed and pairs it with a "Pre-Closing Statement" for both buyer and seller!

What is a Pre-Closing Statement?

Basically the Pre-Closing Statement just says what the buyer owes and what the seller will be receiving. Once the new deed and statements are received, the clients will then be asked to perform a couple of small tasks. The seller will sign the deed and get it notarized and the buyer shall send in the escrow stated on the Pre-Closing form. The notarized deed, escrow and statements must be sent in to Transfer My Timeshare.

Courthouse Records

Transfer My Timeshare sends the new notarized deed to the courthouse of the county where the timeshare is located. It is recorded by the courthouse and then sent back.

The Final Step

Transfer My Timeshare extracts the transfer fee from the escrow to be received by the seller (so long as the buyer is paying the transfer fee, which can be negotiated). Transfer My Timeshare then sends the funds to the seller and sends a copy of the new deed and the transfer fee to the resort. The original copy of the new recorded deed will go to the buyer and that's about it! The seller has the money, the buyer has the timeshare and everyone is happy.

Now that you understand the timeshare closing process, it is easy to see that Transfer My Timeshare is a reliable closing company that knows what they're doing. At Transfer My Timeshare, timeshare closing coordinators go through the steps of this process many times every day. Dedication and honesty is what has made Transfer My Timeshare the top online timeshare closing company! For more information, please visit transfermytimeshare.com.