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.
Written by Sharon Vigoroso Wednesday, 27 May 2009 03:28
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.
Written by Sharon Vigoroso Tuesday, 19 May 2009 01:12
Resort Equities offers a simple, uncomplicated way to purchase and maintain a second home. This boutique, shared ownership company currently offers 12 exclusive, luxurious properties in and around the San Francisco Bay area.
Written by Mel S. Weinberger Friday, 24 April 2009 05:02
This article is written by a lawyer with over 25 years experience in the real estate and fractional industry. It guides consumers on the things to consider and questions to ask when purchasing a fractional home or private residence club.
Written by Sharon Vigoroso Friday, 17 April 2009 06:15
If you find yourself falling in love with a particular destination and keep returning year after year, maybe Elite Destination Homes is for you. Elite makes it possible for families to share ownership of a home and to truly connect with a place they love.
Written by Nick Copley Thursday, 16 April 2009 12:23
Reporter Amy Gunderson talked to six people who, driven by the current economy, are looking to sell fractional shares of their vacation homes. The homes are located in Florida, Costa Rica, Hawaii, North Carolina and California.
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