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What is fractional ownership?
Wise Geek | Sat, Aug 9th, 2008
Fractional ownership is essentially partial ownership of a property. With fractional ownership, a property is owned and shared by at least two, and often several, individuals. This type of ownership is popular with vacation properties and resorts.
To understand fractional ownership, consider a large, and expensive, property that may be difficult to purchase and care for on your own. Instead of becoming the sole owner of the property, you purchase a share of it, as do 15 other people. Now, you own 1/15 of the property and have others to share in the burden of maintenance and taxes. Though this option is popular with larger properties, it may be used with smaller, lower cost properties as well.
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What is fractional ownership?
Wise Geek | Wed, Jul 2nd, 2008
Fractional ownership is essentially partial ownership of a property. With fractional ownership, a property is owned and shared by at least two, and often several, individuals. This type of ownership is popular with vacation properties and resorts.
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The Sum of the Parts is Greater than the Whole
Gary L. Winter & Jody L. Winter | Tue, Jun 17th, 2008
It appears to me that the fractional ownership vacation home industry has been dancing around a topic of fundamental importance for too long - the mark-up or "premium" charged to fractional buyers.
What's a fractional premium?
I was enjoying a slice of my favorite pie (rhubarb in case you're wondering) at a local restaurant recently. My slice cost $1.95, but the whole pie (six slices) cost $8.00. I was not that hungry and could not possibly eat six slices of pie at one sitting so I did not want the whole pie. It did not occur to me to complain to the manager that I could have purchased the
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Timeshares and Fractionals: What's the Difference?
Halogen Guides | Fri, Jun 6th, 2008
The concept of a timeshare is well-known among second-home owners, but the concept of a fractional - or a private residence club - is demonstrably not. A study this year by the American Affluence Center reported only 33% of their respondents (who averaged a net-worth around $3 million) to be familiar with the more luxurious private residence club concept. So what are they and why compare them with timeshares?
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Fractional vs. Whole Ownership
Toby Pocock, Fraction Direct | Sat, Oct 6th, 2007
Whole ownership does (theoretically) mean that owners of a property can use it whenever they choose. If they wish to visit their property at a moments' notice (as long as it isn't being rented), they can do so. This is obviously a positive for those who arrange vacations at short notice.
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Luxury Fractional Property Ownership: FAQ Beyond the Basics
Sharon Vigoroso | Fri, Oct 5th, 2007
So you've decided fractional property ownership is for you. You realize that owning a second home is not as economical or practical as you once thought because you only use it a fraction of the year. You want the best, most desirable location without having to worry about upkeep or finding renters when you are not using the property. But before you buy, you still have some burning questions.
You understand the basics of Fractional Ownership, but still want to know...
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Comparing Second Home Alternatives
Halogen Guides | Sun, Jul 29th, 2007
Destination clubs, condo hotels, and fractional ownership private residence clubs will be attractive to different types of travelers. When deciding what is right for you, consider what your needs are; How big of a group do you travel with? How important is the variety of locations and options? Do you want the potential upside (and downside) of equity ownership?
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Fractional ownership - all aspects
Andy Sirkin | Tue, Jul 24th, 2007
What is vacation home fractional ownership?
Vacation home fractional ownership (sometimes also known as vacation home partnership or fractional co-ownership) is an arrangement where a group (most often complete strangers but sometimes family or friends) share the costs and use of vacation property. These groups can be assembled by a real estate development or hotel company, an individual builder, Realtor or seller, or one or more of the prospective buyers/users.
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Comparing Private Residence Clubs and Luxury Fractionals to Timeshares
Sherpa Report |Tue, Jul 10th, 2007
If you're looking at buying into a private residence club or a luxury fractional home, then at some stage you'll probably ask "Is this a timeshare ?".
Lets cut straight to the chase - the strict answer is "yes". At least the law considers them the same, which is good news for you as a potential buyer of a private residence club, since the laws for timeshares have been constructed to provide you with certain protections.
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Buying a hotel room
CNN MoneyTue, May 1st, 2007
When I stayed at the Four Seasons Resort Whistler in Canada's British Columbia last year, a hotel employee casually mentioned that all the rooms were privately owned. "You mean they're fractionals?" I asked. (A fractional is a popular style of vacation ownership in which the owner typically buys the right to use a luxury resort property for four to six weeks each year.)
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Fractional Ownership Basic Questions and Answers
Toby Pocock, Fraction Direct | Tue, Mar 6th, 2007
Questions asked in this article include: What is Fractional Ownership? Is Fractional Ownership Right For You? Are Fractional Shares A Good Investment? How is "Fractional Ownership" different than a time-share? How are decisions made among the owners? What if I want to sell my fractional interest? How is the property managed? How is the usage allocated or scheduling done among the co-owners? Once I own my property, can I swap dates with another owner? What about damages to the property?
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The Difference between Destination Clubs and Private Residence Clubs
Tom Evans | Thu, Nov 16th, 2006
Destination Clubs and Private Residence Clubs have a lot in common. The terminology can be confusing and the lines between these two are getting increasingly blurry. In many cases the terms are used interchangeably so you'll find some companies that might fit closer to a Destination Club, but which refer to themselves as Private Residence Clubs.
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Understanding The Basics Of Fractional Ownership
Help Your Money, Amanda Keefer | Fri, Sep 29th, 2006
We all dream of having a home away from home, that beachfront property or ski getaway we so deserve. The concept has understandably become part of the American dream. Unfortunately, statistics show that those of us who have a vacation home rarely have the time to use it and the rest of us can't figure out how we can afford one.
A new option known as fractional ownership has been evolving over the past few years and seems to solve both problems. Fractional ownership allows purchasers to own a share of a condo or home in the location of their choice for a fraction of the cost.
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