If you own a Vacation home and want more information about the options Fractional Ownership offers, please contact me. I will refer you to an excellent consultant who will evaluate your home's potential, give you estimates on your legal costs, provide you with guidance on setting up the management of your fractional offering and walk you through the process.
Following are some referrals for you:
- Legal Resources - a list of attorneys who specialize in Hawaii fractional offerings
- Financing - Buyers now have many options to finance their fractional 2nd home
- Frequently Asked Questions (FAQ's) about Fractional Ownership
A successful fractional offering should be a property that offers a resort or luxury vacation experience. Not all properties are suitable for fractional ownership. The property should be no more than 5 years old, or completely remodeled to present as a new home. The attention to details such as furnishings, amenities, and management plans for future upkeep are critical.
The success of your fractional offering is dependent on it being set up well. The legal work and the management structure to facilitate ongoing service to the owners and a "worry free" ownership experience are essential for success. There will be some initial investment on your part as the "developer", but the benefits can far outweigh the costs.
Once the buyer falls in love with your property, the next questions will be about how your offering is set up, what the costs will be, what happens if there's problems, etc. Working with a knowledgable consultant and attorney will allow you to be fully prepared prior to our marketing of your home.