Professional Login



Username: ( or license #)


Password:
newconsearch.com The Agent's Source for New Construction

News Notes


What You Need To Know About Fractional Ownership

Posted May 07, 2007 02:05 PM by Connie Talcott Smith

Fractional owner-ship offers a middle-ground solution to second home ownership. It lies between whole ownership where the owner has sole responsibility and exclusive use of the property, and time-shares where the owner buys vacation time in a resort (one or two weeks per year) and not the real estate itself. The popularity of fractional ownership is growing among second-home buyers.

By sharing the cost and responsibility of home-ownership, the fractional owner may enjoy a much larger vacation home, with more amenities, at a fraction of the cost of sole ownership. This has particular advantage in high-end resorts where the real estate is expensive. The fractional shares vary from 1/13th share to 1/2 share, allowing the share-holder as little as four weeks residency or as much as six months residency per year. A buyer may buy multiple shares in a residence.

Generally, the resort management also manages the property for the owners and makes sure that all is in order between occupancy dates. If the management has a global reach, fractional owners may participate in international vacation exchange clubs. Such clubs, though quite exclusive, give the owners a real feeling of "a home away from (second) home," with all the familiar services in a distant land.




Hear from our subscribers!

This is a terrific site and a great working tool; not only for me, and how it enhances my business, but most important, its user friendly capabilities enables my clients to search for themselves and see the different new communities that are available throughout the United States, Central America, The Caribbean, etc. I just cannot imagine a Real Estate agent being without it, and it is only a few pennies a day. I am greatful that a site like this exists.
Rosie Tipton, Realtor, Realty Properties, Miami

I love your website. Very Helpful and it saved me a lot of time.
Lorena Celauro, Cervera Real Estate

This is a great site!
Ernst Urbainczyk, Lake Mary, FL