Hello All,
I’m fairly new to the research aspect of buying resale, learning so much on the forum!
Can anyone clarify- when purchasing a resale contract is there a set expiration date on all contracts per each resort, or do they vary? I saw a poster mention that an OKW contract had a 2057 exp date- is that good? Something I should look for in a contract?
What happens when 2057 rolls around for this buyer? What happens to the investment you’ve made? I understand dvc is a real estate purchase, but my home in NY doesn’t “expire”, so I guess I’m just wondering what the fine print is here...
Thanks so much!!
I’m fairly new to the research aspect of buying resale, learning so much on the forum!
Can anyone clarify- when purchasing a resale contract is there a set expiration date on all contracts per each resort, or do they vary? I saw a poster mention that an OKW contract had a 2057 exp date- is that good? Something I should look for in a contract?
What happens when 2057 rolls around for this buyer? What happens to the investment you’ve made? I understand dvc is a real estate purchase, but my home in NY doesn’t “expire”, so I guess I’m just wondering what the fine print is here...
Thanks so much!!