Fractional Ownership in Luxury Vacation Homes
Quick answer: Fractional ownership in luxury vacation homes lets you buy a deeded share of a property with a small group of co-owners, starting at 1/8 of the price. Unlike a timeshare, you own real estate that can be sold, gifted or inherited, while a professional management company handles maintenance and security.
You may have dreamed of owning a vacation home in your favorite location: a magical place to unwind, have fun and make unforgettable memories with loved ones. But perhaps you can’t justify the high purchase price and the annual costs of full ownership.
This article explains fractional ownership and how it can help you get the luxury vacation home of your dreams.
What Is Fractional Ownership in Luxury Vacation Homes?
Fractional real estate ownership is a way to buy an ownership interest in a property together with others, so you share the cost. This modern approach should not be confused with the old-fashioned timeshare, where buyers purchase weeks of time to use a condo or vacation home.
A fractional property is a deeded real estate asset that can be sold, transferred into a trust, gifted or inherited. Luxury vacation property can be a wise purchase, but a second home is beyond many people’s buying power. Fractional ownership, or co-ownership, boosts your buying power and can help you maintain and grow the value of your assets.
Professional management companies take care of maintenance and security, making second-home ownership more attainable and hassle-free. It is the modern, savvy way to buy and own a luxury vacation home.
Co-Own a Luxury Vacation Home Starting at 1/8 the Price
Co-ownership means a property has multiple owners. All owners are on the same title, at the same time, on the same deed. What differs is each owner’s percentage share, which is directly proportional to how much they invested.
All owners have equal rights to use the home, but each can only sell their own share of the property.
Fractional Ownership (Co-Ownership) vs. Timeshare
We are often asked: is the residence a timeshare? The answer is no. With fractional ownership, you buy a share of a real estate asset that is shared with eight people or fewer.
| Fractional ownership | Timeshare | |
|---|---|---|
| What you buy | A deeded share of real estate | The right to use a unit for a set amount of time |
| Shared with | Eight owners or fewer | Dozens of other people |
| Property | Homes designed specifically for co-ownership, with exclusive owner access | Hotel rooms or condos |
| Resale | Your share can be sold, gifted or inherited | Can be difficult to sell due to an imbalance in supply and demand |
Choosing the right company
Before buying a luxury vacation home, choose the company carefully. Look for one that offers a range of properties in different locations and has a vested interest in the success of the property.
Who We Are
Luxe Vacation Homes is a forward-thinking, full-service real estate company that focuses exclusively on luxury residential co-ownership homes in world-class destinations. We understand how important it is to meet your expectations, or better yet, exceed them. You can be assured that the home will be of exceptional quality and the location spectacular.
How Do We Achieve This?
Through our affiliations and alliances with global industry leaders like Pacaso, Luxe Vacation Homes offers a curated collection of the finest homes in some of the most coveted locations. Whether you want a mansion by the beach, a winery or a ski destination, there are many options available.
We are here to guide you through the process of finding your dream luxury vacation home in your dream destination.
Modern Features
Noteworthy features of Pacaso’s luxury homes include breathtaking views, expert interior design, high-end furnishings and state-of-the-art appliances for modern convenience and comfort.
Destinations
Homes are available in more than 40 world-class destinations, with a focus on communities where the entry cost can be prohibitive. They include:
- Lake Tahoe, California
- Aspen, Colorado
- Park City, Utah
- Maui, Hawaii
And the list is growing.
Home Tours
You can browse featured homes online, walk through any home virtually, or visit properties in person.
Frequently Asked Questions
Is fractional ownership the same as a timeshare?
No. Fractional ownership is a deeded real estate share with eight owners or fewer, while a timeshare is the right to use a unit for a set time, shared with dozens of people.
How much of a home can I buy with fractional ownership?
You can co-own a luxury vacation home starting at 1/8 of the price.
Can I sell or pass on my fractional share?
Yes. A fractional share is a deeded asset that can be sold, transferred into a trust, gifted or inherited.
Who looks after a co-owned vacation home?
Professional management companies take care of maintenance and security.
Conclusion
Fractional ownership makes owning a luxury vacation home more affordable and hassle-free. By sharing the cost with a few co-owners, you get real ownership of a beautiful second home in a world-class destination.
