How does fractional ownership primarily differ from the economic considerations for wholly owned real estate?
• Primarily, fractional ownership allows you to afford a much more luxurious, elegant and larger vacation property than you would normally on your own. All costs and expenses are all divided and shared amongst the owners vs. carrying the burden by yourself. Ownership is evidenced by a fee simple “Tenants In Common” grant deed to the property, backed by title insurance, exactly like the home you live in now. However, you still enjoy all the benefits of real estate ownership. This is a true value catering to discriminating investors who are looking for a second home but really don’t want the full burden of owning a second home. The more expensive the property, the more fractional ownership makes financial sense!
