SellingNorthernNV

Fractional Ownership is a concept we’re seeing more of. Although not necessarily a new concept, more and more people are looking to the advantages and minimal risk of having fractional ownership in a property. The idea is a great way to invest in a second family home you will only plan on using certain times of the year. Rather than spending $1 million, a buyer may only need to invest $250,000 and have the right to use the property ¼ of the year. This way, buyers are not fully exposed to the risk as if they had purchase the property outright for the full amount.

You may think of it similar to a timeshare, however with this type of transaction each individual buyer owns an actual share of the property and receives a deed for their share. Also, fractional ownership has a larger backing of lenders and real estate professionals since it is still viewed as an actual real estate purchase.

Should you have any questions or need further information, please don’t hesitate to contact me,(775) 220-1630
Or visit my blog at www.SellingNorthernNV.com

Joshua Talayka
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521

Tags: fractional ownership, Real Estate, second family, vacation property

This entry was posted by Josh Talayka on Wednesday, August 13th, 2008 at 5:45 pm and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.