All About Fractionals

Dated: May 28 2020

Views: 96

Friends Can Come Together With Fractional Ownership

Are you looking to increase profit for a family vacation? Are you one of the many who are looking to revamp the modern-day vacation? Are you one of those individuals who take frequent holidays every year? If all your answers to these questions are YES, then you need to know the more about fractional ownership. 

So this is how it works. Fractional ownership is a type of ownership of a vacation home or apartment or a resort development shared among friends or family similar to splitting the purchase price of property among friends while keeping the benefits equally. This is managed by a real estate development, and a realtor can be a single entity such as an individual seller or prospective buyer/s. Arrangements between each owner are made based on the allocated usage based on the timetable. The properties involved in the fractional ownership can either be located at the coasts, your preferred golf course, or anywhere where tourists mostly flock. These properties can either be luxury homes, townhomes, cabins, or cozy condo. 

Fractional ownership is far better than Timeshare in so many ways. With fractional ownership, a portion of the property is owned by you which gives you a better chance when the property appreciates and a longer number of weeks’ to stay every year with full use of available facilities and other perks. In business, part-owner pays the monthly or annual dues and in return, they will receive a percentage share or more commonly known as the fractional interest of the asset from the management. 

Getting ready to start? 

Talk to a fractional expert.

Determine the type of fractional ownership you would like to own. 
Deciding on your purpose. 
Make sure you have a legal entity set up. 
Consider the location of the property. 
Check if the property is a good value for your money. 
After thorough research, make certain that the company or the individual you are investing from, has an established reputation for your security. 
Check if the program for a rental is in order and if it can get you an income. 

Will you regain the lost vacation time during this pandemic? Possibly with Fractional Ownership. 

Read more of our informative blog posts, we add new articles about real estate on the Oregon Coast every week.

Blog author image

Taj Richardson

Meet Taj Richardson: I have lived on the Oregon Coast since 1994. I graduated from Nestucca High School in 1996. After several years in college and traveling, I made my way to Lincoln City in 2003. I ....

Latest Blog Posts

Coastal Community of Astoria

Let’s talk about Astoria, Oregon - a place where outdoor enthusiasts, retirees, and families are buying homes in a coastal community setting. Fun fact: The city was named after John Jacob

Read More

Buying a home during a pandemic.

6 tips for buying a home during COVID-19One way to help reduce stress while house hunting is to understand the home buying process. The pandemic may have altered some aspects of the home buying

Read More

Team Home Oregon Coast Volunteering December 18th, 2020

This year the Lincoln County Board of Realtors were contacted by the Salvation Army seeking volunteers in both Newport and Lincoln City for the annual Bell Ringers.   Team Home Oregon Coast has

Read More

Don't Let Major Home Repairs Put You In The Hole

Sometimes, we may think major home repairs are out of our league and no matter how we try to maintain our homes as spic and span as possible, there are still unforeseen breakdowns. Save yourself

Read More