LFG Fractional News Roundup – July, 2009

The current economic climate has produced a silver lining for those buyers in a position to purchase fractional real estate now. Fractional properties and Private Residence Clubs are going all out to deliver value and deals to their consumers. Many are simply reducing their prices or increasing the number of shares to lower the entry price. But other properties are getting even more creative when it comes to meeting buyers’ needs. We are seeing “try before you buy” programs, creative financing options, fabulous Stay Packages, and more.

The Retreat at Sundance in Sundance, Utah, has put together an interesting “try before you buy” program. For a $15,000 deposit plus payment of normal monthly maintenance fees, qualified buyers may enjoy all the benefits of ownership in the home that a 1/8th share would afford for one full year. They may exercise their option to close on their purchase at any time during the year, or decide not to purchase altogether. This type of program is especially useful for first-time fractional buyers who want to be sure that fractional ownership is right for them.

The Phillips Club, Manhattan’s most prestigious Private Residence Club, is offering interested parties the ability to enjoy their superb style, location and service for short-term stays for the first time in their history. Through August 31st, guests may reserve a spacious studio or one-bedroom residence with a fully-equipped kitchen for only $300 per night, with an additional complimentary night included for stays of five days or more. Until now, the only way to get a taste of The Phillips Club was through the purchase of a share or a rental of one month or more. Stay Packages of this kind are perfect for those who want to try out a high-end fractional property without any up-front obligation. Click here to read the rest of this article