Posts: 192
From: Rome GA USA-Owner Royal Islander, Cancun; Mt. Amanzi, SA
Registered: Dec 2000

posted 05-18-2005 10:36               

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I have experience selling a timeshare in the US, but what about a Royal timeshare in Cancun. Is there a special package out there for closing a sale in MX?

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Posts: 289
From: Ontario, Canada
Registered: Dec 2000

posted 05-18-2005 11:30               

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Do you want to know about a resale contract or the papers to transfer ownership? The transfer ownership papers can be downloaded off the Royals website. If it's a resale contract that you are looking for, I can send you a copy of the one from TST.

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Posts: 36
From: Anchorage, Alaska Royal Sands Wk 24, 27, 28, 34, 51, 52 Pueblo Bonito Blanco Wk 50, 51, 52 Los Cabos Country Club Penthouse
Registered: Mar 2004

posted 05-18-2005 13:12               

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Nope, just like a US property and having the Royal Resort management company (ISCO) based out of Florida, they are easy to reach and deal with.

AKGOLFER

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Posts: 159
From: Cypress TX
Registered: Jan 2005

posted 05-18-2005 14:00               

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You can also go to the web site, www.mexicondo.com and Ken has alot of info there that can help you.

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Posts: 1084
From: Truckee, CA USA, Owner; Powell Place City Shares/SF, La Casa del Sol/Corpus Christi/TX, So Cal Beach Club,Shanty Creek Lodges/MI, Villa del Palmar/PV,
Registered: Dec 2000

posted 05-18-2005 21:22               

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What I like about closing a Right to Use (RTU) as opposed to fee simple "deeded" is that the RTU is much easier and can be done by the buyer or seller without having to involve a title Co or an escrow Co. saving buko bucks for both buyer and seller.

Be sure to ck how much the resort transfer fee is because some of the Mexico properties such as the Krystle/PV are VERY HIGH!

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Lisa

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Posts: 7050
From: East Canaan, CT -- Own at:Royal Mayan, Seapointer
Registered: Dec 2000

posted 05-18-2005 21:35               

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www.mexicondo.com would be a great place to advertise. I sold 2 units for a friend last year after advertising them there. With the Royals, all you are doing is a change of membership. The transfer fee has gone up in the last year or so and is now something over $ 100. ISCO can help to avoid escrow by holding the paperwork until you approve. I would advise using the TST resale contract, eliminating some non-applicable segments.

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There is a very fine line between "hobby" and "mental illness."

***
http://www.cancundiningguide.com/

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Posts: 6727
From: Boston, MA
Registered: Dec 2000

posted 05-19-2005 05:14               

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quote:

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Originally posted by Lenora:
If it's a resale contract that you are looking for, I can send you a copy of the one from TST.

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You might want to reconsider. The TST sale and rental documents are copyrighted.

Further, making copies of and giving away for free the valuable documents that an entity sells as part of its business seems inappropriate, at least in my view.

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Posts: 2351
From: Clinton TN
Registered: Jan 2003

posted 05-19-2005 07:03               

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The documents ARE pretty modestly priced. I bought the rental one. Don't recall the exact amount, but it was minimal.

Sheila

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Posts: 192
From: Rome GA USA-Owner Royal Islander, Cancun; Mt. Amanzi, SA
Registered: Dec 2000

posted 05-21-2005 07:49               

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Thanks to everyone for your replies. I learned a lot, as usual, on TUG.

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Posts: 37
From: Long Grove,Il,USA
Registered: Aug 2003

posted 05-21-2005 15:09               

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What do you consider "very high" transfer fees? I own at Krystal Cancun, just curious. What would "average" transfer fees run?

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Posts: 499
From: Ottawa, Canada
Registered: Sep 2001

posted 05-22-2005 06:29               

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quote:

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Originally posted by MLMarek:
What do you consider "very high" transfer fees? I own at Krystal Cancun, just curious. What would "average" transfer fees run?

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10% of the sale price

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Posts: 232
From: Cancun, Q.Roo Mexico
Registered: Dec 2000

posted 05-23-2005 07:12               

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As SteveH mentioned, some resorts like Krystal and *Mayan Palace charge 10% of the original purchase price as a transfer fee--basically to discourage the resale. If you paid $10,000 usd then it would be $1,000 usd. These 2 are exceptions. Most charge between $50 usd and $500 usd transfer fee.
Mayan Palace policy:
*"bought before July 2001 you must pay the amount equivalent to a maint. fee but if you bought after August 2001 you must pay 10% of the total cost of your membership." (This is only for memberships purchased by foreigners with English contracts.)

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Posts: 280
From: Houston, TX OWN: Ridge Tahoe, Tower & Ridge Tahoe, Terrace, Royal Sands Cancun Week#26, Royal Mayan Cancun Week #23
Registered: Mar 2004

posted 05-23-2005 10:22               

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DMAHANAY,

We bought both of our Royal weeks resale. The prvious owner used the forms the received from Royal Resorts. We did use an escrow service for transferring payment, but it was pretty straight forward and uncomplicated.

Mike

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