Fractional Ownership 4 Real Estate...like a timeshare BUT NOT!

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Real Estate Agent with TOVIJE Enterprises, Inc.

Fractional Ownership has come to our area!  Seems like our undiscovered coastline is growing up or at least Anna Maria Island is!  The De Soto Grande on Anna Maria Island is offering 8 waterfront fractional ownership residences ranging in price from $196,000 to $215,000.  The company developing the property has plans for another on Lido Key.  Seems they have done their research and are banking on its success!

According to Nichole L. Reber, a news correspondent for the Herald Tribune, "each unit has 3 bedrooms and 2 baths and views of the village of Anna Maria and/or the water (either the gulf or the bay).  The price guarantees four weeks' use of the luxury condominium, though owners have the option of purchasing more time."

Fractional ownership began with planes and yachts and has now moved to real estate. It is favorable to some buyers in the second and third home ownership position because they realize that they may not use their vacation home to its full potential.  In fact, they may only use it 20-30 days out of the year.  These apparently are perfect buyers for fractional ownership properties.

Have you heard of fractional ownership in real estate? Similar to a timeshare, but not quite....more costly for sure.  Do you have this opportunity in your area yet? What are your thoughts on this relatively new real estate concept?

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investment property
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louann nudi

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Rainer
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Caryll Miller
Saprinc Corp - Mount Vernon, NY

Great,

Fractional mortgage is definitely a new genre, more expensive but definitely better than timeshare I think.

The only draw back is most fractional loans  are originated at credit card rates with 30% down payments.

However, I am able to offer your clients regular market rates not to mention much more.

Call me if you want to know more,

Thanx

877-509-8800

Nov 25, 2006 01:58 PM #1
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Rainer
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Louann Nudi

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