New Sale or Resale: which is better?

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Original Message:

Re: New Sale or Resale: which is better? (by R P.):

For the resale buyer there's a phrase called doing your 'due diligence'. What this means is that you need to check with the resort to make sure that all fees are paid up to date by the seller and that there are no special assessments.

No, there is no reason to stay away from the lowest price assuming there are no unpaid fees, taxes or special assessments. You can also check with the resort that everything is correct in the seller's ad (unit #, location of the unit, season designation, number of bedrooms, number of bathrooms etc).

Many people suggest requesting an estoppel letter from the resort, but I was always able to get the pertinent info myself from the resorts over the phone. Most resorts are cooperative if you tell them you are buying a resale from one of their owners.

jims306 wrote:
Is there any reason to stay away from the lowest price, assuming that there are no unpaid fees, taxes to be paid?Jim S.