Fractional Ownership Vacation Homes For Sale
People are showing greater interest in fractional ownership of vacation properties than ever. This is due to increasing recognition of the value these types of vacation homes provide, as well as improved understanding of the concept of fractional ownership among the purchasing public.
Fractional ownership is exactly what the phrase describes: ownership of property. This is similar to the concept of a timeshare, but with the value provided through actual ownership of the property. Typically, several families will share ownership of a property, and each occupies it for a specific period throughout the year.
As more Americans recognize the value of property ownership and the importance of vacation time to mental health and overall well-being, the popularity of fractional ownership properties will only continue to increase.
Increasingly, buyers are interested in partially owning a vacation property but encounter a problem: they simply do not know where to find homes for sale. Even if there are interested in purchasing these properties, it can be difficult to find them listed for sale through traditional real estate channels.
This blog post provides an overview of how to find the best fractional ownership vacation homes for sale without spending hours on an unnecessarily inefficient and challenging search. Using these tips will ensure you find the fractional ownership property of your dreams without driving yourself crazy in the process!
Know What You Are Looking For
The first step before you seriously start your search for the vacation property of your dreams is to decide exactly what it is you are looking for. This includes location as well as the size and other features.
For example, you may know that you are looking for a beachfront fractional ownership property, perhaps ideally in Hawaii, but you may also be open to looking at properties in the Caribbean, or other warm locations.
Similarly, you likely have a good idea of how many people you typically vacation with, and therefore, how many rooms or how much space you are likely to require. Having enough space is key to a stress-free vacation.
Knowing in advance that you require three or more bedrooms is critical to include in your initial search, and will more quickly eliminate properties that do not meet your needs and requirements.
Search Locally First
The best way to begin your search is to search locally at first, using the search function on the Luxury Fractional Guide website.
This will allow you to search for properties that are located only in a specific location or area that meets your preferences.
For example, you can search specifically for fractional vacation properties in Hawaii. From there, you can narrow your search further and look specifically for properties on the Big Island, Maui, or Kauai.
From this point, you can look for results based on the number of bedrooms, square footage, or other desirable features such as beachside location, number of bathrooms, private pool, access to golf courses, and much more.
Look Through Local Real Estate Agents
If you are unable to find a vacation fractional property through the Luxury Fractional Guide website, the next step is to solicit the help of a local real estate agent and ask if they have fractional property for sale.
While many traditional real estate agents do in fact sell fractional properties, they are often difficult to list alongside full ownership properties and so to avoid confusion they may have their own separate section where they are listed or have an independent website.
Even if a local real estate agent does not sell fractional vacation properties themselves, they are experts in this field and may be able to point you in the direction of another seller.
Fractional Homes and the MLS: What You Need to Know
The Multiple Listing Service (MLS) is a database of real estate properties available for sale in the United States. While MLS is an amazing resource for anyone looking to purchase a full-ownership property, it is less useful for those looking for a property.
Often, fractional homes are not listed on MLS. Instead, these properties are typically marketed to vacationers directly.
For the person looking to buy a fractional property for vacation purposes, this means they could be missing out if they only search through MLS listings.
No matter whether you are looking for the oceanfront fractional property of your dreams or a luxury condo at the base of a world-class ski resort, there is a fractional ownership property available that is sure to fit your personal preferences and desires.
By using the advanced search features included on the Luxury Fractional Guide website, you will find the greatest selection of luxury fractional vacation properties available anywhere.