Original post 7/15/2007

What is Fractional Ownership?  So few Realtors and Consumers have heard of what will become the next big thing in Real Estate.  It is simply a partial ownership of a property normally held or investment or personal use.  Although joint ownership (Tenant In Common) has been around for ever, the term Fractional has evolved because it really makes sence for consumers who want to own a Second Home and either can’t afford or justify the purchase price or cost of maintenance individually.  Most owners of Second Homes do not utilize them the majority of the time and sharing the costs and use makes owning the property more economical.  Rather than purchase a small one bedroom condo in a resort location the fractional buyer can own a large home or penthouse condo, use it as often as he wants and share it’s use and expense with others.  Many who purchase Fractionals own more than one property so they can vacation in different locations.  Owning 1/2 to 1/10th of a home or condo means that along with the shared cost of ownership you also share in any appreciation.  To avoid problems, Fractional Properties are normally managed by a third party and owners have the right to sell their share at any time.  For more information about Fractional Ownership check out the US Second Homes website or mailto:larry@ussecondhomes.com. 

This entry was posted on Sunday, August 12th, 2007 at 2:22 pm and is filed under Fractional Ownership. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.