JSMBC
newbie
- Joined
- Jan 31, 2020
- Messages
- 6
- Reaction score
- 0
- Location
- Vancouver BC
- Resorts Owned
- Looking to buy WKORV-N
Hi TUGG, this site has been useful in researching TS ownership.
I am about to write an offer for a RESALE WKORN, but I was wondering how does one verify the current year operating budget and if the property has adequate reserves in place.
From searching the threads it appears that WKORN doesn't appear to have a history of charging special assessments except for the tax issue. Are there any owners that can comment on the status of the reserves, and if there is anything I should be aware of before making an offer.
I am looking at an EOYO 2bed 2 bath island view unit for about $5K including fees. My intention is to use 1 bedroom in the odd year and the studio in the even year, or perhaps book the small 1 bedroom at WKV in the even year. In about 5-10 years I will only used the 2 bed room at WKVORN in the odd year, and will look at buying another TS then for the even year.
Any thoughts on this purchase would be appreciated.
I am about to write an offer for a RESALE WKORN, but I was wondering how does one verify the current year operating budget and if the property has adequate reserves in place.
From searching the threads it appears that WKORN doesn't appear to have a history of charging special assessments except for the tax issue. Are there any owners that can comment on the status of the reserves, and if there is anything I should be aware of before making an offer.
I am looking at an EOYO 2bed 2 bath island view unit for about $5K including fees. My intention is to use 1 bedroom in the odd year and the studio in the even year, or perhaps book the small 1 bedroom at WKV in the even year. In about 5-10 years I will only used the 2 bed room at WKVORN in the odd year, and will look at buying another TS then for the even year.
Any thoughts on this purchase would be appreciated.