Often confused with timeshare which is best described as a prepaid vacation, fractional ownership is just that - ownership. It is a deeded property with the same rights as any other real estate purchase. You can sell, rent, or give your fraction to a friend or family member.
The owner pays monthly or annual maintenance and association costs, plus annual real estate taxes based on ownership. All of other related concerns of vacation home ownership, including maintenance and furnishings replacements, are left to a property management company governed by a board of owners.
Also, fractional purchases are for much longer usage periods, with the average being anywhere from four to 13 weeks per year on the property. For example, at Emerald Grande, each fractional condominium has eight different shares which give each owner six weeks of ownership that are split throughout the year. Also, when it's time to sell, fractional owners can utilize real estate agents and brokers to assist in the re-sale of their property since these are bought and sold like any other homes and condos.
Fractional ownership offers a great way for owners to purchase and own at a desirable property with upscale amenities for a 'fraction' of the cost. One of the key benefits of fractional ownership is the level of service and amenities that accompany your purchase. For those who choose a fractional ownership option, having a second home has never been more enjoyable or hassle free.
The owner pays monthly or annual maintenance and association costs, plus annual real estate taxes based on ownership. All of other related concerns of vacation home ownership, including maintenance and furnishings replacements, are left to a property management company governed by a board of owners.
Also, fractional purchases are for much longer usage periods, with the average being anywhere from four to 13 weeks per year on the property. For example, at Emerald Grande, each fractional condominium has eight different shares which give each owner six weeks of ownership that are split throughout the year. Also, when it's time to sell, fractional owners can utilize real estate agents and brokers to assist in the re-sale of their property since these are bought and sold like any other homes and condos.
Fractional ownership offers a great way for owners to purchase and own at a desirable property with upscale amenities for a 'fraction' of the cost. One of the key benefits of fractional ownership is the level of service and amenities that accompany your purchase. For those who choose a fractional ownership option, having a second home has never been more enjoyable or hassle free.
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