Comments on: Making a Profit on Selling your Vacation Home the Fractional Way

By: Lindsay

Lindsay — Wed, 25 Mar 2009 18:25:04 +0000

Great article on fractional ownership!

By: Guy McLaren

Guy McLaren — Sat, 27 Sep 2008 08:59:04 +0000

That is an interesting idea. I have a friend who has recently started doing something similar with caravans. Personally I don't know whether fractional ownership is such a great idea unless there are very specific rules in place covering damage, maintenance and so forth Guy McLaren's last blog post..Get a free advert on South Africa’s hot new private house sale website.

By: Sherman Potvin

Sherman Potvin — Tue, 22 Jan 2008 14:50:58 +0000

Heather, thanks for the review. I have posted a link to it on my website here:
http://luxuryfractionalguide.com/blog/2008/01/22/three-reviews-of-fractionalize-to-maximize/
Thanks!
Sherman

By: Three Reviews of “Fractionalize to Maximize” | LFG Fractional Property Blog

Tue, 22 Jan 2008 14:31:20 +0000

[...] creatively and maximizing the potential for profit, the book has a lot of value in its pages. Read the full review here. 2nd Home Specialist Magazine November 2007 Written in a clear easy to understand style, the book [...]

By: Daniel Giannini

Daniel Giannini — Sat, 08 Dec 2007 15:32:54 +0000

There is a new website that assists buyer’s looking to educate themselves about purchasing fractionals, The Fractional Concierge. You can find it at http://www.TheFractionalConcierge.com.

By: Heather

Heather — Tue, 04 Dec 2007 14:30:35 +0000

Julie – yes, there seem to be more people looking for this more relaxed concept of ownership. With cottages becoming more pricey, it does make it more affordable.

Sophie – thanks for the link, you have an interesting site. There seem to be many different methods and models for making this work so it’s probably really important to find the one that works. It is a fascinating concept.

By: Sophie Garrett

Sophie Garrett — Tue, 04 Dec 2007 13:44:04 +0000

Owning fractionally often enables people to justify buying a cottage, even if they could afford to buy outright. Holiday letting can be irritating if they want to feel that the cottage really is their own and often the most lettable periods are when they want to use it themselves.

Once you’ve decided to buy a fraction, people can then usually afford a better or larger cottage.

Having spoken to many people who share boats and properties, the ideal share is often quarter shares. If the owners have compatible requirements, ie they don’t all want school holidays (or don’t all not want school holidays!) and providing that the owners have relatively normal working lives and are to some extent limited in how often they can get to the cottage, then a quarter share allows owners to use the cottage pretty much whenever they wish. Most groups with 3-5 sharers get together once a year to agree roughly when they will use the cottage and any unallocated times are available on a first come basis thereafter.

There is some more guidance on creating fractional ownership arrangements here: http://www.yours2share.com/fractional-info/fractional-ownership-property-or-real-estate.shtml

By: Julie Nelson

Julie Nelson — Mon, 03 Dec 2007 19:03:23 +0000

Heather,
Great blog. I talked to several people at the Cottage Life Fall show who own fractional cottages. They love it. No fuss, no muss. They just show up for their alloted week, enjoy it and go home without a care in the world, the rest is looked after. Hmmmm kinda makes you wonder doesn’t it?

I will likely blog about this topic in the near future and will be sure to reference your site. By the way, have you read, The Complete Guide to Buying and Owning Recreation Property in Canada by Douglas Gray – it is on my “to-do” list.

Cheers,
Julie
http://www.cottagedaily.com