Legal Question in Real Estate Law in Florida
Time Share Sale
I presently own a time share. I have a buyer for it but am not sure on how to go about the sale. I have a Quit Claim Deed and I have all the paper work from my purchase of the time share. I live in Michigan and the time share is in Florida.
3 Answers from Attorneys
Re: Time Share Sale
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Time share transfers/sales are handled like any other real estate transfer with a deed going from the Seller(s) to the Buyer(s). You should contact the management office to obtain estoppel information and to inquire as to whether or not they have specific forms that they require to be used. There may be a transfer fee. The Buyer might wish to purchase title insurance on the purchase. A closing statement needs to be prepared and monies exchanged for the deed.
Frankly, at least one of the parties should hire an attorney to facilitate the transaction. Florida does allow one attorney to handle both sides of a transaction providing no conflicts arise.
Scott R. Jay, Esq.
Re: Time Share Sale
You need to contact the management company handling the time share. There may be restrictions on transfer. You should probably use an attorney for the transaction. For more info., please contact me at (248)8513171.
Re: Time Share Sale
The fact that you live in Michigan does not affect the sale. This is not a sale that you will be able to handle yourself. Since the timeshare is in Florida, Florida law will control the legality of the sale. Seems most cost effective to retain a Florida lawyer to seal the deal.