Timeshare Deed Transfer

[ReLite34]

Hello All,

My question involves a timeshare located in the State of: Monroe County, Pennsylvania.

My husband and I have recently paid off and now have the deed. We would like to do a private sell so we can transfer the deed to the new buyers.

Do we have to set up an escrow account with a major financial institution to ensure that payment is received?

Lastly, can we draw up a standard transfer of deed (since we own it) or do we need a third party title company, to make this transaction happen?

Sincerely,
ReLite34

[Mr. Knowitall]

The purpose of escrow is to protect both the buyers and sellers, by ensuring that the sellers receive the money owed and that the buyers obtain title. I have no way of knowing if the buyers would agree to proceed without escrow, nor if it would be wise for you to convey title to the house based upon a check that you do not yet know to be valid.

If you know how to draft a valid deed, you can draft a deed. If not, it makes sense to use a real estate professional.