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Resort Quarters™ - How It Works
Fractional Resort Ownership is one of the most exciting real estate opportunities available today. It enables prospective buyers to select an own in high quality properties that they might not otherwise wish to pay full price for. For the purposes of this explanation, we will use the terms “fractional units” and “quartershares” interchangeably.
Imagine being able to own part of a million-dollar property for just $275,000! Well, that is exactly how fractional ownership works. You are empowered to buy deeded real estate in “fractions.” Instead of paying for the entire property, the cost is divided into “fractions,” and you pay only for the portion of the property that you will realistically use. Thus, you get to own extremely valuable and desirable property for a fraction of the cost of whole unit ownership.
Some resort developers have chosen to sell 1/6 shares, or 1/8 shares, but we favor quartershares. Why? Quartershares lend themselves to a remarkable rotating year’round ownership schedule. The ownership weeks in a quartershare project are generally set up so that you get to enjoy use of the property is each season.
Fractional units, or quartershares, are financed the same way that a whole unit is, that is, with a conventional mortgage. Typically, the interest rate may be ½ % higher than a normal mortgage, but that is a small premium for having the piece of mind knowing that your loan is held separately from all other unit owners.
Fractional units, or Quartershares, can be sold, rented, willed or donated the same way you would with any other property.
One of the additional benefits of fractional ownership is the fact that they are accompanied by professional management inside the unit as well as outside the unit. We believe that you will find this to be one of the greatest benefits. Unlike a typical resort property owner who has to worry about cleaning and maintenance of their property, fractional unit owners can simply show up with their suitcases, and leave the maintenance to the management company. It is the ultimate in carefree resort ownership. Isn't that resaort vacations should be......CAREFREE!
And finally, one of the extraordinary benefits fo fractional ownership is that most come with global resort exchange privileges that enable you to trade the use of a week or two in your unit for the use of other comparable properties around the world. This benefit alone will be something that your family will come to cherish and enjoy for years to come. You can see why Fractional Ownership, or Quartershares, are becoming so popular.
E-mail us NOW at: larry@masimarketing.com |
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