How to Transfer a Timeshare Deed
- Step 1—Be careful.
- Step 2—Create a buy sell agreement, known as an “earnest money contract.”
- Step 3—Create a deed.
- Step 4—Record your deed with the county.
- Step 5—Notify the resort.
- Call us anytime at 1-877-748-7488.
Can you gift a timeshare?
Although you can give your timeshare away as a gift, you will have to gift it with the understanding that the new owner will take over the fees, insurance, and taxes—including any unpaid items. Additionally, the management company may require you to pay a transfer fee or other fees if you give away your timeshare.
What do I need to transfer my timeshare title?
Before you can transfer your timeshare title, gather relevant documentation like your deed, purchase contract agreement, tax bills and your last maintenance fee bill. Most timeshare companies require an owner to be current with all taxes, assessments and maintenance fees before transferring ownership.
Do you have to pay recording fees for a timeshare?
Most specifically, you must pay ALL of the recording fees. Sometimes, the various states require a “use fee” or “sales tax” or “county fee” other fee to be paid at the same time.
Which is the best title company to close a timeshare?
Both First American Title and Chicago Title have been processing timeshare closings for years, providing services such as: Once a closing company has been chosen, they will open an escrow account and hold all deposits and payments until the timeshare closing process has been completed.
Can you get a deed back on a timeshare?
Before you can return a timeshare, you must get agreement from the timeshare company. There are some circumstances, including bankruptcy and medical issues, where timeshare companies are required to allow a deed back as long as maintenance fees have been paid.
