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Assessment likely?

Discussion in 'Buying, Selling & Renting Timeshares' started by pmfitzie@gmail.com, May 22, 2019.

  1. pmfitzie@gmail.com

    pmfitzie@gmail.com Guest

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    How do you best determine if a big assessment is in the offing at desired unit before purchase?
     
  2. PigsDad

    PigsDad TUG Member

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    Resorts Owned:
    HGVC Elite: SeaWorld, Surf Club, Charter Club, Valdoro
    You can take a look at their financials. Compare their reserve fund to other, similar resorts. Have there been special assessments in the past? Having MFs extremely lower than similar resorts is another indicator. If the property is managed by a company that manages other properties, do they have a history of special assessments? Look at the physical property -- is it out-of-date and in need of general repair?

    Just some ideas.

    Kurt
     
    DrQ likes this.
  3. DrQ

    DrQ TUG Member

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    ++PigDad

    See if the HOA puts a lifetime on elements of the resort (Roofs, Paving, Elevators, Painting, Appliances, Furnishings ...) and adds a reserve in the MF to cover those items.
     

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