Fractional

Fractional Vacation Home Ownership

There has been talk lately of this new form of vacation-home ownership. It’s similar to a time-share in that you don’t need it all the time, so why pay for it for all the time? Unlike a time-share, you own a specific piece of real-estate, an appreciating asset over time, with tax advantages and everything, instead of the time-share dissapointment that many have experienced. So, instead of buying an $800K waterfront vacation home that you won’t use all the time, you can own a part of it for much less.

I have noticed some available in Chelan, that include concierge service that prepares the home they way you want it for when you arrive, including grocery shopping!

Here is a WSJ article describing more about fractional ownership, including some links for further info.

The Fractional concept is not just for buyers either. If you own a vacation property, it can be listed and sold as a fractional property too. This increases the pool of prospective buyers, and usually brings a higher sales price.

For more information on buying as a fractional owner, or selling a property as fractional, contact us.