Fractional Ownership Vacation Homes
Fractional Ownership puts the enjoyment back into owning luxury real estate. Spend your days enjoying your vacation home, not maintaining it.
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Fractional Ownership is something that has been around for years. Individuals have been using fractional ownership to purchase everything from private jets to yachts. Fractional ownership basically means that a group of people (often times acquaintances) pool there resources together to purchase a product. This product is then split up evenly among the investors and each investor owns an equal fraction of the investment. With fractional ownership, you are free to use the unit when ever you like.
Only recently has the scheduling and maintenance of the asset become seamless and practical. Fractional Ownership Group provides management services for luxury real estate held jointly for personal use. Their services include on-line scheduling, maintenance coordination, and trust accounting.
Let’s use a beach house for example. Many families with beach houses rarely spend more than two months a year actually occupying there residence. If you’re only using your home two months out of the year, does it really make since to pay all of the annual expenses the other ten months? Let’s stop here for a moment. The first time fractional ownership was explained to me there was a very loud voice in my head screaming “Time Share”. Let me take a moment and explain the differences.
Here are some major differences between fractional ownership and timeshare:
Fractional Ownership usually has much nicer properties. Timeshares tend to be a dedicated group of units pawned off to unsuspecting tourists by a pushy sales person that doesn’t take no for an answer. When you purchase a fractional ownership property you receive a deed and can take a mortgage out on your property.
Timeshare and Fractional Ownership Real Estate are worlds apart.
Timeshare - You have a dedicated set of weeks that you may or may not be allowed to swap for other weeks, subject to availability, with your time share group.
Fractional Ownership: - 5 owners of a house 365 ÷ 5=73 days (each owner has 73 days or points). You check your online schedule or call the customer support staff at Fractional Ownership Group and schedule the days you would like to spend at your house. Let’s go one step further. You can assign different points to different days. Holidays can be 2 points per day instead of 1. Seasonal months can be have rules that prevent potential abuse by owners. We can go to the other extreme. If the house is not booked and you would like to use it next week, you could book it for ¼ point per day. The possibilities are endless and Fractional Ownership Group takes care of all of the details for you. For more detailed information, check our How it Works.
An Actual Investment
Fractional ownership real estate is an actual investment that can be resold on the open market by you or a real estate agent. Time shares often lose virtually all value the day you purchase them. EBay is a great place to see hundreds of people trying to sell their timeshares for a tiny fraction of what they paid for it just a few months prior. With fractional ownership the property value increases over time just like any property would.
If you have more questions you can ask an expert on the Fractional Ownership Forum.
For information on Fractional Ownership in the Florida Panhandle, contact us today