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Want a 2nd home, but don't think you can afford one?
Then you may want to consider Fractional Ownership. 
This type of ownership has been common for years in the private jet and yacht industries.  In real estate, it has been the practice in the ski country of Colorado, the beach/resort areas of Hawaii and the coastal regions of California and Oregon, just to name a few states. 
It is currently commonplace in about 9 states and growing.  Now, Florida welcomes this concept of home ownership (multiple owners - one property)...it is all about a lifestyle! 
Each state has different rules regarding the number of fractions that can be sold.  Here in Florida, typical ownership fractions are sold from thirds to sevenths, depending upon the property and local zoning ordinances, with each owner having a deeded interest in the property. 
This is a great concept that is just now coming into its realization in Florida and it gives us another way to market a seller's property. 
Of course, not all properties will qualify...remember, it is all about a lifestyle (golfing/oceanfront/boating, just as a few examples).  These properties are also typically high end luxury properties. 
I would love to hear from any agents who have sold properties this way before.
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