Hey Realtors!
Mike and I are taking a fractional listing this week... see http://www.fvhsanfelipe.com/fractional-san-felipe.html Any of you experienced with how we should "list" this? I've already confirmed with OCAR and CAR attorneys that we can add property in Mexico to the MLS, so those bases are covered. Can you BELIEVE Mexico has no MLS? How do those poor agents sell property???
I'm making the listing agreement in Winforms, right now, and this is the part that confuses me. Each "fraction" is selling at $69,999 - but I should only have one list agreement for all 12 fractions, right? So we put it as a list price of $839,988 in 3A and in 3B we put "12 units to be sold as individual fractional property in the amount of $69,999 per 1/12 ownership"
What do you guys think...is this right? I know fractionals are common as Commercial TICs, but......this is totally not a commercial property its residential vacation fractional. Let me know your thoughts - thanks a million!!
PS. Gotta love the SEO help, Cal Coast already has the property #1 in Google for San Felipe Mexico fractional: http://www.google.com/search?hl=en&rlz=1T4GFRC_enUS220US220&q=san+felipe+mexico+fractional . If any of you agents out there have to sell something in Timbucktu without an MLS, too, we can help ya!
-Angie
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