Friday, July 30, 2010
   
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The Guide to Shared Luxury Property

Ski House

Single family fractional homes are most commonly sold in 1/4 or 1/6 shares, but other fraction sizes are also available. The idea of sharing a vacation home has been around for a long, long time with friends and relatives getting together to buy a home amongst themselves.

More recently, companies have evolved which will set up and run the homes for groups of buyers. These companies will take care of all the aspects of running, maintaining and repairing the home, so that the homeowners can simply enjoy relaxing vacations.

If you're looking into buying a fractional home, there are some really good areas to cover in this guide here - much of it from a legal perspective but a lot of other thoughts too. This article covers the reasons people buy fractionals or their more expensive cousins private residence clubs.

Our fractional glossary will get you up to speed on many of the terms you'll come across.


A Review of Exchange Options for Fractional Properties

As the number of fractional properties continues to increase worldwide, so do the options for facilitating exchange of those properties. Research suggests that fractional owners have historically found after 4-6 years of owning their property, their interest in expanding their destination options increases and they look for ways to utilize their ownership at other properties. Enter the exchange programs. Below are a few of the more prominent programs available as of this writing.

Read more: A Review of Exchange Options for Fractional Properties

 

New Source for Funding Fractional Home Purchases

Securities Based Fractional Funding, (SBFF) and Equities First Holdings, (EFH), have formed an alliance to provide securities based financing to luxury fractional buyers, owners and developers. 

Read more: New Source for Funding Fractional Home Purchases

   

Elan Collection Offers $1.5m Las Vegas Fractional

The Élan Collection, a network of ultra luxury shared interest vacation homes, has commenced sales reservations for its deeded, shared ownership interests in a two-story Las Vegas penthouse situated on the top floor of Turnberry Place overlooking the Strip. The price starts at $1.5 million per deeded interest.

Read more: Elan Collection Offers $1.5m Las Vegas Fractional

   

A Fractional Home at the Winter Olympics

Evolution at Whistler has announced new lower pricing to provide Whistler enthusiasts with the most attractive opportunity yet to purchase prime ski-in ski-out real estate at Whistler Creekside. Evolution's fully furnished two-bedroom resort homes now start at $144,900 per quarter interest.

Read more: A Fractional Home at the Winter Olympics

   

Fractional Villas Offers Vacation Homes Around the World

Purchasing a stunning, single family home in a choice destination doesn't have to be a dream. Shared ownership makes owning a second home much more realistic. Fractional Villas offers luxury villas in prestigious resort locations worldwide. Just pick your fancy: mountain, metro, beach, or lifestyle getaways like ranches, country villas, vineyards, islands and golf resorts.

Read more: Fractional Villas Offers Vacation Homes Around the World

   

Fractional Home Ownership FAQs

This article gives answers to the most frequently asked questions that are raised by buyers of fractional homes. It is written by one of the leading fractional lawyers, who has been focusing on fractional homes for over 20 years.

Read more: Fractional Home Ownership FAQs

   

Quarter Share Ownership at Alpine Quarters

Does your family prefer to escape to the mountains and relax in the great outdoors? If you are looking for a way to purchase a second home that is reasonable, simple and can be maintained without your constant supervision, then maybe you should look into shared ownership. One company that focuses on mountain resort properties is Alpine Quarters. Their simple quarter share ownership model has won the praise of hundreds of owners.

Read more: Quarter Share Ownership at Alpine Quarters

   

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