Why Consider Fractional Ownership?
Unlike the more common concept of timeshares, fractional ownership actually gives owners a deeded interest in a resort property to which they may have access one-twelfth to one-quarter of the year, sharing a luxurious home with several other owners for a fraction of the price of a fully owned resort residence. “Fractional ownership is based on the concept of value and rationality,” explains Richard Ragatz, president of Ragatz Associates, a long-time market research firm for the resort residential community. “Fractional ownership is based on the amount of discretionary income you have and how much time you will actually use the property.” Fractional ownerships work in a variety of ways, but most allow all owners in the property to get a fair share of “peak” weeks at the resort. If the fractionally owned residence is in a ski area, for example, then six owners may get two weeks each during the winter season and other weeks spread throughout the year. “Research shows that most people who
