Closing Costs

Closing costs refer to the expenses that are incurred in the final stages of a real estate transaction, at the time of closing. These costs are paid by the buyer and/or the seller and can include fees for various services such as loan processing, title searches, insurance, appraisals, and developer-imposed transfer fees, among others. The closing costs can also include charges for recording the transfer of the property and taxes, if applicable. The amount of closing costs required for each timeshare transaction can vary depending on the timeshare product purchased, resort location, and many other factors.