Committed to Excellence
Committed to Excellence
Typical and routine closing costs include Recording fees, Resort Transfer Fee, Title Abstract and Attorney Settlement Fee. Optional Fees include fees to expedite settlement and funds delivery such as overnight courier and/or funds wire fee, Title Insurance Premium and e recording fee to expedite original recorded deed delivery. Non-US Citizen sellers pay a 15% witholding tax to the US Treasury. Nonresident SC Sellers who have a capital gain on the sale pay a 7% witholding tax to SC Department of Revenue.
Closing Services Options and Fees with our Firm
Attorney recommended all Inclusive Timeshare Closing (with Title Insurance):
This includes all services outlined on the Services page plus issuance of an owner's title insurance policy to protect the buyer's equity up to the purchase price.
Attorney Settlement Fee: $400.00
Title insurance Premium $125.00
Title Abstract to 3rd Party Abstractor - varies between $100 and $200-depending on county and property.
Full Closing with no title abstract, no title examination and no title insurance:
Attorney Settlement Fee: $375.00
Deed preparation and recording only:
Attorney Fee: $310.00
Illustration of All Closing Costs in a Typical All inclusive Closing
Assume Marriott Ownership Resorts Property on Hilton Head with $5000.00 sales price.Town Transfer Tax: $12.50Deed Stamps $18.50
Recording Fee $10.00
Title Abstract (Advantage Title) $115.00
Marriott Transfer Fee $25.00
Title Insurance $125.00
Attorney Settlement Fee $400.00
Overnight proceeds to Seller: $30.00
TOTAL $726.00
If parties split costs = $363.00 each
Timeshare Transfers and Closings in Myrtle Beach, Grand Strand Area, Charleston, Edisto Island and Hilton Head Island, South Carolina. Information presented at this site should not be construed as formal legal advice or the formation of an attorney/client relationship. General information only.