Whether you are looking for a fabulous ski destination or already wishing for a tropical climate, we’ve got plenty of new properties to satisfy both. And don’t miss our Feature Article about what happens when you purchase a fractional real estate share.
Once you’ve made the decision to purchase a share in a fractional property or residence club, what should you know before you write that first check? The process of purchasing a fractional property is very similar to the purchase of a wholly-owned home with just a few additional items that you should be aware of.
If you are purchasing a share of an individually-owned private home, the process you go through will be determined by whether or not the current owner has a mortgage on the property. If so, the mortgage will need to be paid in full before you can close on your fractional share. More…