Many people are interested in owning a piece of the beach for less than $100,000. Buy the Beach Realty OBX would like to provide you with some
additional information about a co-ownership home. Most co-ownerships involve owning 5 weeks of the year
in that home with ten owners. The weeks are set and are divided by season -
peak, off season and shoulder. Usually two of the 5 weeks are consecutive. Two
weeks of the year may be blocked for maintenance and cleaning of the home.
The co-owned homes run on a rotation for the
designated weeks. The Home Owners Association will send a notice at least a
year in advance of which weeks you will be assigned. For example once
every 5 years you will get the 4th of July. It rotates every year.
It is not like a time share you will actually co-own the
home. In most cases, co-ownership cannot be financed with a home mortgage
loan. Simply, because one owner's mortgage default might imperil the other owners.
All maintenance is usually done by the
Association: that includes cleaning, new roof or deck when necessary, etc. There is a monthly fee and it usually covers electricity, water/sewer, taxes,
insurance, maintenance, housekeeping, cable, internet, & phone depending on
Author:Kelly Dean Phone: 252-207-3655 Dated: January 25th 2014 Views: 5,293 About Kelly: Recently featured on HGTV's Beachfront Bargain Hunt episode on Kill Devil Hills and Nags Head! My f...
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Recently featured on HGTV's Beachfront Bargain Hunt episode on Kill Devil Hills and Nags Head! My firm, Buy the Beach OBX covers the entire Outer Banks and coastal Albemarle areas. Whether you are a first time buyer, seller, investor or looking for a home for your retirement we can assist you in your home search or market your home. As part of an investment team, I have developed, designed and managed some of the largest revenue producing properties on the oceanfront of the Outer Banks. Our projects ranged from 8 - 12 bedroom luxury oceanfront homes to a spectacular oceanfront condominium complex featuring town homes and flats and the largest saline pool on the Outer Banks - the Croatan Surf Club. My background includes a Marketing degree from the Pennsylvania State University and a Paralegal designation in Corporate Law. I hold the RSPS and GRI designation in Real Estate. I'm a member of the Outer Banks Association of Realtors and an owner of Buy the Beach Realty, LLC.
For more information about buying or relocating to the beautiful Outer Banks please feel free to call!
FOR SALE COROLLA VACATION HOME!!! OCEAN VIEWS & NO FLOOD ZO
"What a pleasure it was to work with Kelly Dean on the purchase of our condo. She definitely went above and beyond to assist us in getting all the details we needed to make our decision. We visited several properties with her until we found the perfect one for us. She was great on the follow-up to make sure everything fell into place in time for an easy closing. We highly recommend her! Thanks for everything, Kelly! 5/5"